What Is ICON (ICX)?
ICON is a Layer 1 blockchain network created by the South Korea-based ICON Foundation in 2017. It aims to facilitate interaction and interoperability among independent blockchains, which are referred to as communities within the platform. The ICON network, also known as the "ICON Republic," serves as a nexus for various blockchain communities from different sectors such as finance, healthcare, and security to converge. It is designed to mirror real-world economies, providing a platform for different economic actors to issue and control their own forms of value under the rule systems they select, aiming to "hyperconnect the world." ICON's innovative approach facilitates the interaction of independent blockchains, allowing them to transact on a single network and overcome the limitation of isolated networks hindering widespread adoption of blockchain technology.
How ICON (ICX) Works
The ICON network uses a unique consensus mechanism called Delegated Proof of Contribution (DPoC), powered by a loop chain algorithm called loop fault tolerance (LFT), which enhances transaction speed by streamlining block generation and validation. The network comprises components such as Public Representatives (P-Reps), ICONists, and proposal systems, all working together to maintain integrity and transparency. P-Reps are responsible for governance and block production, elected based on the number of votes they receive from coin holders. ICONists are voters who elect P-Reps and participate in shaping the network's long-term vision. Additionally, the network employs a decentralized grant program, the Contribution Proposal System (CPS), and the Network Proposal System (NPS) to support a dynamic governance structure.
How Many ICON (ICX) Tokens Are in Circulation?
ICX has a total supply of 967,068,330. The current circulating supply of ICX is 967,068,267.
How to Buy ICON (ICX)
Consider investing in ICON (ICX)? It only takes 2 minutes to create an account on Bitget and start trading ICX.
Check out the available ICXL trading pairs on Bitget!
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ICON (ICX) Resources
Simple 3-step guide to buying ICX today in South Africa
Create your free Bitget account
Select a funding method
Complete your ICON purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for ICON using a payment method of your choice:
Buy ICON with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your ICON order.
How to buy crypto with credit/debit cardBuy ICON with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into ICON is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your ICON order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your ICON order.Buy ICON with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your ICON order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor ICON in your Bitget spot wallet
Bitget—where the world trades ICON
How to buy ICON for free
- Learn how to earn ICON for free through the Learn2Earn promotion
- Earn free ICON by inviting friends to join Bitget's Assist2Earn promotion
- Receive free ICON airdrops by joining ongoing challenges and promotions
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South Africa is located at the southern tip of Africa and has a population of 60 610 000 according to the World Bank's 2020 population index. On 31 May 1961, the country became a republic following a referendum in which voters overwhelmingly voted to end the monarchy, thus becoming the Republic of South Africa. South Africa has some wonderful tourist attractions such as the Kruger National Park, Indian safaris, Table Mountain, and the Maclear’s Beacon among many others.
The currency of South Africa is the South African Rand (ZAR). It will only take you a few minutes to buy ICON(ICX) and other cryptocurrencies by ZAR on the Bitget platform using P2P trading, crypto deposit, and third-party payments (using your credit card, Apple Pay or Google Pay).
The official languages of South Africa are Afrikaans, English, Xhosa, Zulu, Southern Sotho, Northern Sotho, Tswana, Tsonga, Venda, Swati, Ndebele, and the Bitget app and website are available in English.
South Africa is a country with a very beautiful landscape and relatively humid weather ranging from coastal subtropics, hot deserts, humid highlands, and snow-capped mountains, the landscape offers beautiful places like the beaches, lush Winelands around Stellenbosch and Paarl, craggy cliffs at the Cape of Good Hope, forest and lagoons along the Garden Route, and the city of Cape Town, beneath flat-topped Table Mountain. We are excited to tell you that no matter the location you are in, Johannesburg, Cape Town, Durban, Pretoria, or Port Elizabeth, Bitget is here to serve you and make your crypto trading journey worthwhile.