HOW TO INVEST IN ICON
An Investment in Icon
Bitcoin, the first digital currency, was created in 2009. Since that time, over 50 cryptocurrencies have entered the market.
One of the newest altcoins is ICON: a South Korean virtual currency. Founded by Dayli Financial Group, its Mainnet launched January 24, 2018. Though new, it’s already risen to 22nd place in Cryptocurrency Market Capitalizations.
On Money’s Evolution:
In days of old, financial interactions were limited. Economic exchange has progressed through many iterations:
- Initially there was no money.
People bartered. Trading products or services worked but was wildly subjective.
- So eventually people solved that problem through coins.
Coins had specific financial value and are still used today. But they lost their prominence when governments moved on to the creation of
- Paper Money.
This made international trade much easier, but still required buyers and sellers to be in the same physical location. With technological advancements this problem was solved with the creation of
- Mobile Payments.
Physical presence was no longer a requirement. But this form of financial interaction came with fees and (like physical currency) was still controlled by the government. Finally we entered the freedom offered by the digital age with
These digital tokens offer much lower fees and are decentralized
Virtual currency has almost all of the problems mankind experienced with older forms of money. But there’s still one issue our newfound digital financial “freedom”: users can only interact within their particular transaction ledger, or blockchain.
An Investment in ICON
That’s where ICON comes in. It uses loopchain technology to create a blockchain of blockchains. While this sounds complex, the impact is simple: ICON aims to “hyperconnect the world.”
And what does that mean?
Communities with privacy concerns (think universities, hospitals, banks, insurance companies and more) can use ICON to create their own blockchains. While the blockchains operate independently, they’re able to connect to each other because they’re all housed under ICON Nexus, the ICX global blockchain system.
ICON VS. BITCOIN
Total Amount of Coins
Each cryptocurrency has a set amount of tokens it can create. Bitcoin is limited to 21 million coins. ICON is far more accessible with a total supply of over 400 cryptocoins. Perhaps because of this, it’s also dramatically cheaper than bitcoin (currently $4.05 USD/ICX versus Bitcoin’s $10,698/BTC).
Transaction Processing Speed
ICON’s whitepaper boasts a speed of 9,000 transactions per second. Compare that to Bitcoin’s 3.1 transactions per second. ICON’s faster processing speed is more attractive to global merchants.
ICON and Bitcoin use different cryptographic algorithms. This is what makes them so different. Bitcoin has its own algorithm: SHA-256. ICON has its own consensus algorithm: Loop Fault Tolerance (LFT).
ICON’s algorithm is the reason ICON it’s so much faster than its competitors, including Bitcoin. It’s able to ensure agreement between all parties quickly, which results in faster sales.
ICON has plans to create its own decentralized exchange in the future. Once this happens you’ll be able to use it to to trade virtual currencies (not limited to ICON).
ICON enables secure payment online without the need for middlemen. Money can be exchanged real-time between anyone anywhere at any time through any public blockchain without being regulated by the government. The only requirement is to buy ICX tokens.
HOW TO INVEST IN ICON
If you’re wondering ‘Where Can I Buy ICON’, or ‘How Can I Invest in ICON?’ – You couldn’t have come to a better place. We offer cryptocurrency IRA accounts and most would consider ICON as our specialty. We have experts on staff to help you understand ICON, walk you through the ICON buying process, and even allows you to fund your ICON IRA account with an existing fund such as your IRA or 401k.
Reach out to us today and learn more about investing in ICON, the long-term value in ICON, and most importantly, open your ICON account with CryptoWallet IRA!
INVEST IN ICON
Learn about the Benefits of ICON in your IRA
HOW TO INVEST IN ICON
If you’re wondering ‘Where Can I Buy Poken?’, or ‘How Can I Invest in Icon?’ – You couldn’t have come to a better place. We offer cryptocurrency IRA accounts and most would consider Poken as our specialty. We have experts on staff to help you understand Icon, walk you through the Poken buying process, and even allows you to fund your Poken IRA account with an existing fund such as your IRA or 401k.
Reach out to us today and learn more about investing in Icon, the long-term value in Poken, and most importantly, open your Icon account with CryptoWallet IRA!