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Although the altcoin industry in general has been devastated by extreme downward conditions in the last 2-3 weeks, a goodbye by Markus Jun, head of the ICON research, has revealed that the project has continued to make incredible technological advances throughout the year. ; year.
In the note, Markus commented that, despite the market being extremely dry and lazy at the moment, the ICON project had presented "significant results" in the last 12 months or so.
In relation to the question, Jun was noted as saying:
"Despite the poor market conditions, I can say that the ICON team has made incredible progress, I have seen ICON push towards significant progress in legitimizing the blockchain and cryptocurrencies with the Korean government, as well as launching demonstrations and several projects in collaboration with the Seoul Metropolitan Government I have seen several recruitments in all ICON departments, including senior positions, most of which have not been made public and the team is still actively taking up to date. "
In addition to all this, Markus also sought to draw attention to ICON's various international expansion moves. For example, a couple of months ago the company launched its global acceleration program "ICONLOOP" in collaboration with the Singapore government. This high profile event was followed by a similar partnership with local authorities in major cities such as Tokyo and San Francisco.
Finally, it is worth noting that, in the recent past, ICON has gained tremendous support from many mainstream multinational companies such as LINE, Smilegate, Kyobo Insurance and Jeju Island in order to develop new blockchain solutions for them.
More on the case
For those who may not remember, when ICON launched its ICO last year, the company was able to raise an impressive 75,000 ETH (which at the time had been advertised to be worth more than $ 50 million). However, following the post-ETH adjustments, it now appears that ICON members own only about $ 5 million of ETH.
"Sooner or later, this would have led to a contraction." The crypto crash acted both as a catalyst and as an alarm clock, "said Forrester Research chief analyst, Martha Bennett, in connection with the recent market crash.
Final take
As reported by BitcoinExchangeGuide earlier this week, it recently emerged that large startup companies like Coinbase and ConsenSys had to lay off many of their employees in the last month or so (which basically indicates that the market in general it seems to be dried up).
In this regard, ICON employs a demonstrable business model that has not only flourished in recent times, but has also contributed to the creation of quality use cases among well-known organizations.
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