Balanced Network: The Decentralized Bank of ICON | Security Audited by Those Who Audited Binance, Crypto.com, PancakeSwap, Huobi
One major issue I had with The various blockchain projects when I started venturing into blockchain and cryptocurrency was that there were no abundance of DAPPs. There were many great promises and platforms that could power world changing services. Yet none of them were being properly utilized. ICON (ICX) is one of those old projects in cryptosphere.
ICON Embraces DeFi
Better late than never. ICON (ICX) has fallen nearly 95% from its ATH and they are not even in the Top 100 Cryptocurrencies anymore. ICON is a project with some serious backing. Seoul Government, Samsung, LINE, Shinhan Bank and many others are involved with ICON. The blockchain uses a "Delegated Proof of Contribution" consensus with 2 second block times.
It is great to see a DeFi project that is not just a mere copycat of something that exists. It is built on a faster and cheaper blockchain. I want to support true decentralization and being independent from traditional banking institution that are working with government bureaucracies while making crony deals.
Audits and Security
CubFinance are not the only ones that are doing security audits when it comes to smart contracts. I see this as a very good trend. I is not a perfect solution. But having massively reduced risk of getting yourself screwed.
Customers of SlowMist
Learn More About ICON
I din't have time to dive deep into the project. Below are some of the best resources I could find so far. I see massive potential in the ICON. The real question is whether any other project would be able to be faster to gain adoption and offer similar services.
EOS for an example has seriously dropped the ball. If EOS gets back up with their $4 billion dollar ICO money, they could offer DAPPs so much greater than ICON.
Balanced Airdrip
Check Stats Here: https://stats.balanced.network
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