ICON Partners with LINE for a joint Venture called “Unchain”
ICON famously called as the Korean Ethereum announced that they are partnering with LINE, the Japanese based messaging platform which has over 200 Million monthly users to form a Joint Venture called “Unchain”.
Unchain according to their article aims to build DApp services while building synergies with ICON to expand the blockchain ecosystem.
H.K Lee who is currently the Technical Director of ICON is appointed as the CEO of Unchain. He currently works on onboarding DApps onto the ICON platform.
Unchain will create a blockchain ecosystem fueled by a token economy, where the users are rewarded for their contributions to the network. DApp services discovered through ICON and Unblock, a subsidiary of LINE dedicated to blockchain research and to accelerate DApp projects, will be integrated with Unchain.
ICON also recently launched ChainID, referred to as the World’s first Blockchain Joint authentication service. ChainID is set to be adopted by Samsung for their authentication protocol.
ICON will also be a part of the Consensus 2018 conference as a sponsor.
Terry Parker Tweeted:
ICON (ICX) is currently priced at $4.21 with a market cap around $1.6 Billion. It is in the 20th position according to Market Cap.
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