ICON opens up its doors to global blockchain accelerator program, ‘ICX Station’

One of the leading blockchain protocols, ICON, has announced today the sponsorship of a highly anticipated accelerator program, ICX Station. The program is designed to expand the power of the underlying ICON infrastructure, which is a highly scalable interoperable blockchain, as well as provide opportunities for developers, tech entrepreneurs, and businesses considering blockchain adoption.

Split between offices in Silicon Valley, Tokyo, and South Korea, with backing from Pantera, Kenetic Capital, and advisors including Don Tapscott and Jehan Chu, ICON is today opening up its doors to the global Accelerator Program, with the first hub in San Francisco.

The program will run across several hubs, known as Launchpads, in major cities around the world. ICX Station plans to open Launchpads in Seoul, Tokyo, and Singapore next.

The ICON Foundation & ICX Station

The ICON Foundation has already onboarded a strong network of reputable institutions in major industries, including banks, insurance and tech companies, hospitals and universities, as well as several start-ups.

ICX Station will grant the initial funding and resources (up to $100,000 USD from the ICON Foundation) for new businesses using ICON, provide the framework for decentralized applications (dApps) to be built on top of their protocol, as well as facilitating token offerings when fundraising is needed.

ICON’s technology uses a delegated proof of stake consensus algorithm, and is powered by the native (ICX) token.