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Convert
Dominican Peso (DOP) to ICON (ICX) Instantly

DOP DOP
ICX ICX
Buy ICON (ICX)

Purchase ICON (ICX) with Dominican Peso (DOP) easily at Switchere and benefit from fast, secure transactions.

About
ICON (ICX)

ICON (ICX) is a decentralized network and layer-one blockchain designed to solve the critical issue of blockchain interoperability. Its core mission is to facilitate seamless cross-chain communication, allowing independent blockchains with different governance structures to interact without intermediaries. This vision of creating a "digital nation" is powered by its proprietary Blockchain Transmission Protocol (BTP), a chain-agnostic solution that enables the transfer of both value and data across connected networks. This makes ICON a fundamental piece of Web3 infrastructure, connecting disparate digital assets and dApps into a cohesive ecosystem.

The network is built on a high-performance blockchain engine called Loopchain and secured by a Delegated Proof-of-Stake (DPoS) consensus mechanism. In this system, ICX holders stake their tokens to vote for Public Representatives (P-Reps), who are responsible for validating transactions and governing the protocol. The native utility token, ICX, is central to the ecosystem's tokenomics. It is used for paying transaction fees, executing smart contracts written in Java, participating in on-chain governance, and earning staking rewards. Through its advanced technology stack, ICON provides a robust framework for building scalable, cross-chain DeFi applications and services.

ICON (ICX)

How to Buy ICON (ICX)

swipe Step-by-step guidance
card Easy credit card payments
btn Streamlined purchase process
  1. Step 1 illustration
    01

    Choose DOP to ICX Pair

    Select your preferred payment method and enter the amount.

  2. Step 2 illustration
    02

    Enter Your ICON Wallet Address

    Provide your ICX wallet address and proceed with the payment.

  3. Step 3 illustration
    03

    Receive Your ICON

    Complete the payment, and your ICX will be sent to your wallet.

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Frequently asked questions

  • What does the DOP/ICX trading pair represent in the digital asset market?

    The DOP/ICX pair represents a direct exchange rate between the Data Ownership Protocol (DOP) token and ICON's native cryptocurrency (ICX). Trading this pair allows users to speculate on or exchange the value between DOP, a protocol utilizing zero-knowledge proofs (ZKPs) for selective data transparency on Ethereum, and ICX, the utility token for ICON's interoperability-focused Layer-1 blockchain which uses the Blockchain Transmission Protocol (BTP) for cross-chain communication.

  • What are the primary platforms for swapping DOP tokens for ICX?

    Swapping DOP for ICX primarily occurs on decentralized exchanges (DEXs) that support both assets. This could include DEXs within the ICON ecosystem, such as Balanced, or multi-chain DEX aggregators. When choosing a platform, it's crucial to check the order book liquidity and trading volume to ensure minimal slippage. Always interact with a DEX using a secure, non-custodial digital wallet that you control.

  • What strategic considerations motivate trading between DOP and ICX?

    A trader might swap ICX for DOP to gain exposure to technologies enabling data compliance and private transactions, leveraging DOP's zk-SNARKs for selective asset visibility control. Conversely, swapping DOP for ICX could be motivated by a desire to participate in the ICON ecosystem, such as staking ICX to earn rewards and secure the network, voting via its P-Rep (Public Representative) governance model, or utilizing ICON's growing cross-chain capabilities through BTP.

  • What kind of digital wallet is required to trade the DOP/ICX pair?

    To trade DOP/ICX, you need a non-custodial digital wallet that supports both the ICON network for ICX and the network DOP is built on (e.g., Ethereum for an ERC-20 token). Multi-chain wallets like Hana Wallet or a combination of wallets such as MyIconWallet for ICX and MetaMask for DOP are common solutions. Your wallet must be able to connect to the decentralized exchange (DEX) where the trade will be executed, allowing you to sign blockchain transactions securely.

  • What are the typical transaction fees associated with a DOP to ICX swap?

    A DOP to ICX swap involves two main types of fees. First is the network or 'gas' fee, paid to the blockchain validators for processing the transaction. If the swap occurs on the ICON network, this fee is paid in ICX and is generally low. If it occurs on another blockchain, its native token is used. Second is the liquidity provider (LP) fee, a small percentage taken by the decentralized exchange (DEX) and given to users who provide liquidity to the DOP/ICX pool. This fee is standard on most DEX protocols.
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