ICON Soars As Its Technological Partner Sets Off For Government Program

Yuri Molchan
ICON’s technological partner ICONLOOP gets selected for a Blockchain program conducted by the government of South Korea. It's arranged by two large scientific institutes
ICON Soars As Its Technological Partner Sets Off For Government Program
Cover image via U.Today

ICON’s technological partner ICONLOOP gets selected for a Blockchain program conducted by the government of South Korea. It is, reportedly, arranged by two large Korean scientific institutes. Besides, ICON (ICX) itself is often called the local competitor of Ethereum.

The purpose of the event is to improve the national competitiveness of South Korea regarding innovative technologies.

When the news was released, ICX responded by spiking over 20 percent to $0.96 and then correcting its rate down to $0.87– this is the current price of the coin, according to CoinMarketCap.com.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.