## What Is icon (icon)?
[Icoin](https://xrpl.to/token/icoin/) is a token created on the XRP Ledger, powering the decentralized iWorld metaverse, a blockchain-based virtual world. In the iWorld mining game, players can earn ICOIN, a virtual currency with real-world value, while also selling game equipment and bundling items into NFTs. ICOIN aims to revolutionize various sectors by capitalizing on the fusion of AI and blockchain technology, and it envisions introducing iFriend, a personal AI companion. Join the ICOIN revolution and embrace the future of immersive digital experiences today.

### Who Are the Founders of Icon Labs?
The founder of icoin is unknown and anonymous. On their website it's claimed that ICOIN's team comprises different departments such as Gaming, Consumer Apps, Blockchain, Growth, Engineering & Data, and Strategy & Operations. Each team plays a critical role in building and advancing the ICOIN ecosystem but actual names are not mentioned.

### What Makes icon Unique?
The use of AI and metaverse concept combined together. Also heavy amounts of [wash trading](https://www.investopedia.com/terms/w/washtrading.asp) on the XRPL seems unique.


### Wash Trading
The icoin token, involved in deceptive practices, is experiencing significant [wash trading](https://www.investopedia.com/terms/w/washtrading.asp) between addresses [r3SBsiumwFYWaKGnDUSGP3zYaZpoRNwJHM](https://bithomp.com/explorer/r3SBsiumwFYWaKGnDUSGP3zYaZpoRNwJHM) and [rEEQCzZ2pj71FfZc8hStXGxgzsknBeVXfg](https://bithomp.com/explorer/rEEQCzZ2pj71FfZc8hStXGxgzsknBeVXfg). Market trading activity for this token is minimal.

#### iWorld Metaverse
The iWorld metaverse introduces a decentralized blockchain-based virtual world where users and gamers can actively participate in building, owning, and monetizing their gaming experiences. ICOIN serves as the native currency for this metaverse. This ecosystem also allows creators to earn ICOIN by selling their creations as NFTs in the marketplace.

#### In-game assets (NFTs)
NFTs play a significant role in this ecosystem, especially in the gaming aspect. With the use of blockchain and NFTs, in-game assets become unique, immutable, and can be traded or sold just like physical assets. This allows players to have true ownership over their in-game items.

#### Staking ICOIN
ICOIN can be staked for a fixed period of one year, with a fixed annual percentage yield (APY) of 6%. Users who stake ICOIN will receive KOI (staked ICOIN) in return. After the one-year staking period, users can unstake their KOI to get back ICOIN. The minimum staking amount is 5,000,000 ICOIN. Users can stake and unstake their ICOIN using the Xumm wallet.

### What purpose does icon (icon) serve?
ICOIN offers a range of applications, including staking, purchasing in-game assets, and integration within the dynamic iWorld Metaverse. With ICOIN, users can enjoy the benefits of staking their tokens, acquiring valuable in-game items, and immersing themselves in the captivating iWorld Metaverse.


### Related Pages:

Read more about. [ICON Labs](https://icoinlabs.io/ai-and-blockchain-1)

Learn more about [ICON Labs Team](https://icoinlabs.io/our-teams).

Visit [ICON website](https://icoinlabs.io/).


### How Many icon Are There in Circulation?
ICOIN's distribution strategy unveils an intriguing landscape, with less than 1% of the total supply currently residing in public wallets. The remaining 99% of the supply is securely held in icoin project wallets, awaiting future distribution to the public. This strategic approach ensures careful control over the token supply while paving the way for exciting opportunities ahead. Uncover the potential of icoin and stay tuned for its future distribution plans, as it aims to bring its benefits to a wider audience.

### Where Can You Buy icoin?
[icoin](https://xrpl.to/token/icoin-icoin) is a token trading on the XRP ledger DEX, the most straight forward way to acquire icoin tokens would be to purchase them through [XRPL DEX](https://xrpl.to/token/icoin-icoin/trade).

If you are looking for alternative exchanges where you can purchase SOLO, [Bitrue](https://www.bitrue.com/home/) is a good choice. Keep in mind that investing in cryptocurrency can be risky, just like investing in any other type of asset. 

### How to stay tuned for further updates?
If you wish to receive more updates about the icoin ecosystem and upcoming events, we suggest you follow [@icoinlabs](https://twitter.com/icoinlabs) on Twitter.