Highlights
- ICX collaborates with GangstaBet
- The prompts are a total of four due in 11 days
- Prizes are 4 x Gangstabets + $GBET 12,240 + 500 $bnUSD
A Detailed Brief About ICX
ICON is a blockchain network that is decentralized and focuses on interoperability. Independent blockchains such as Bitcoin and Ethereum can connect and transact with one another using ICON’s “blockchain transmission protocol.” This enables cross-chain use cases that would not be possible without an interoperability layer such as ICON. ICON Network describes itself as a general-purpose blockchain protocol based on the native cryptocurrency ICX that can run smart contracts, use the BFT-DPoS (Delegated Proof-of-Stake) consensus protocol, and use the DPoC (Delegated Proof-of-Construction) economic-governance protocol (Delegated Proof-of-Contribution). The ICON Network is powered by a proprietary blockchain engine known as ‘loopchain,’ which can process hundreds of transactions per second.
What Is The Collaboration About?
In a recent development, ICX announced a collaboration with GangstaBet for the next round of hx57.io prompts.
We've collaborated w/ @_GangstaBet for the next round of https://t.co/ES54jlmWAV prompts.
There are a total of 4 prompts due in 11 days, for illustrators, YouTubers, and creatives alike!
Prizes: 4 x Gangstabets + $GBET 12,240 + 500 $bnUSD
It's a @_GangstaBet x HX57 palooza! pic.twitter.com/2yPUJuGm1m
— ICON Foundation 🌐 (@helloiconworld) October 14, 2021
GangstaBet is a digital collectible in which users can evolve their characters to be immortalized on the blockchain. Every character has a distinct appearance, name, and various properties such as classes and skills. GangstaBet employs a novel method for distributing GangstaBetToken ($GBET) to its holders daily. The token can be used to change the GangstaBets’ name and skills. The supply of $GBET will decrease regularly and will end after nine years.
What Lies Ahead For ICX
ICON has a lot of goals, and earlier this year, they had listed their goals for the year. It is apparent they have hopes to have these projects done at the end of 2021. These goals are entirely different from the blockchain road map of the platform, which might take about ten years to fulfill. On the ICX website, they listed a few different areas that they would place their focus. These areas are security, insurance, banks, universities, and hospitals.
Impact On Healthcare
ICON’s goal is to improve healthcare. This will entail the creation of a blockchain-based digital signature system. According to the website, this will be a game-changer in the field of medical information management. It will also include the launch of a healthcare data-sharing platform.
Impact On The Banking Sector
In 2018, ICON planned to launch an entirely digital pre-paid payment system. Following that, relationships with unnamed partners will be formed.
As at the time of writing, ICX currently trades at $2.1 and has a market capitalization of about 2.9 Trillion dollars, according to Coin Market Cap.
