Home / Cryptocurrency / South Korea Push for Major Cryptocurrency Adoption: ICON (ICX) Fundamentals Are Moving Forward

South Korea Push for Major Cryptocurrency Adoption: ICON (ICX) Fundamentals Are Moving Forward

There’s no doubt that South Korea has become one of the leading countries in cryptocurrency adoption. A relatively small, yet tech-savvy population combined with government backing is setting up South Korea as the central hub for blockchain innovation for years to come.

South Korea’s highly evolved cryptocurrency regulatory framework, as well as exchange infrastructure, will lead the way, a report published by Cindicator confirms.

These projects and their eventual success are obviously a great indication of what crypto believers in the country feel the new technology could do in the future.

South Korea’s largest blockchain project ICON (ICX) is poised to lead the way.

Build it and they will come. This has been the motto for ICON throughout 2018. Building in a bear market has not been an easy task for any project. Every step is thoroughly scrutinized by disgruntled investors and even the biggest achievements get swept aside due to ever dropping market sentiment.

While a lot of projects went dead silent and many of them will close doors due to lack of funds, ICON’s treasury management has been proven to impressive with most of its ICO raised funds still in cold storage.

ICONLOOP currently partners with Seoul to launch the pilot for its blockchain platform. The goal – transform Seoul into a smart blockchain-based city.

ICON has continued to recruit world-class talent, build and expand their reach with business-to-business partnerships within South Korea. Partnerships with Line, Samsung, and even government-backed blockchain projects, and that is just the tip of the iceberg. ICON has been busy at work setting up the pieces for long-term success.

ICONLOOP Receives the ‘Minister of Science and ICT Award’ as Blockchain Industry Leader in Korea

LINE, Smilegate, Kyobo Insurance, Seoul City Government, Jeju Island, these are just a few recent examples of ICON’s recent progress. Every partnership, business deal and private blockchain implemantation through ICONLOOP should be viewed as a potential use case for the public ICON (ICX) network. They all work towards the same goal – interoperability.

Analysing ICON’s ICO Funds

A member of the ICON Community Alliance (HX57) has been kind enough to share his analysis on the current state of ICON’s ICO funds below (Note: These are just estimations based on publicly available information, feel free to conduct your own due diligence).


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