ICON (ICX) has advanced from $0.68 above $2.40 since the beginning of February, and the current price of this cryptocurrency stands around $1.50.
Fundamental analysis: ICON has launched a dedicated audit fund to cover smart contract audits
Despite the recent correction, February has been a very positive month for the cryptocurrency market so far, and for now, there is no risk of the bear market. ICON (ICX) was one of the best performers on the cryptocurrency market in the last several weeks, and as long the price is above $1.2, it remains in a buy zone.
This project was established in 2017 with a mission to connect online communities with real-world businesses in banking, government, healthcare, and more. The ICON Network is the largest public blockchain project in South Korea, and according to analysts, it has a bright future because it accelerates enterprise adoption and public blockchain innovation in Korea.
ICON has launched a dedicated audit fund to cover smart contract audits for approved projects, according to the latest news.
“We are excited to announce that we will be committing 500,000 ICX to cover smart contract audits for approved projects within the ICON Ecosystem. There have been countless smart contract vulnerabilities exploited in other blockchain ecosystems, and this fund represents a commitment by the ICON Foundation to foster an atmosphere of both security and innovation,” the ICON team reported.
ICX token enables smart contract functionality within the ICON ecosystem and also provides protocol governance. It is also important to say that ICX circulating supply decreases steadily, leading to even more scarcity of the ICX coin.
This is also one reason why the price could advance again above $2 resistance, but if you decide to
