[3] ICON's initial coin offering (ICO) in September 2017 raised 150,000 ETH (approximately US$43 million at the time).
[4] At the time of launch, ICON was supported by various public and private organizations, including the Seoul Metropolitan Government in South Korea, and the Line Corporation in Japan.
[6] It offers traditional financial instruments in a decentralized architecture, outside of companies' and governments' control, such as money market funds which let users earn interest.
[8] Many of these decentralized applications (also known as dapps) can connect and work together to create complex financial services.
[10] Since tokens of this type are unique, they have been used to represent such things as collectibles, digital art, sports memorabilia, virtual real estate, and items within games.