ICON Blockchain Protocol Launches ICX Station Accelerator Program


ICON Launches the ICX Station Accelerator Program

ICON, a prominent blockchain protocol, recently announced the sponsorship of an eagerly-awaited accelerator program, called the ICX station. The objective of the program is to enhance the capability of the ICON framework, a highly scalable an interoperable blockchain. Besides, the ICX station will avail opportunities to individuals and institutions that wish to leverage distributed ledger technology.

As of now, ICON has outlets in the US’s Silicon Valley, as well as in South Korea and Tokyo, Japan. The company, which is backed by Pantera and Kenetic Capital will has introduced its incubator program, with the pioneering hub being located in San Francisco. The hubs, known as Launchpads, will later be opened in major cities across the globe. Some of the earmarked cities include Seoul, Singapore and Tokyo.

According to Scott Smiley, the manager of the San Francisco Launchpad, the ICX Station will offer a direction for blockchain-driven enterprises that operate on the ICON protocol. Scott stated that most people overlook the long-term potential of blockchain technology, while overrating its short-term potency. He added that ICO believes in the revolutionary ability of the blockchain, and will work together with projects that are compatible with ICON infrastructure. Scott concluded by saying that their distributed ledger is one of the most advanced and scalable blockchains in the market.

The ICON Foundation boasts of and extensive network that has several highly regarded enterprise as its members. The companies include banks, insurance providers, tech giants, learning institutions, and so on. Through the ICON Foundation, the ICX Station will grant a maximum capital of $100,000 to blockchain startups. In addition, the incubator will provide a platform for the creation of decentralized applications, as well as tokenization features and organization of crowdsales.

Daeki Lee, another manager at the San Francisco ICX Station, stated that the role of the Icon Foundation transcends beyond creating a network. Precisely, Lee said that the ecosystem can empower individuals using the power of the blockchain. He added that Launchpad members will be tasked with ensuring that the project developers have a conducive environment to realize their project goals.

ICON runs on a delegated proof-of-stake consensus algorithm, and its native cryptocurrency is called the ICX token.

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