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Convert
Georgian Lari (GEL) to ICON (ICX) Instantly

GEL GEL
ICX ICX
Buy ICON (ICX)

Purchase ICON (ICX) with Georgian Lari (GEL) 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 GEL to ICX Pair

    Select your preferred payment method and enter the amount.

  2. 02

    Enter Your ICON Wallet Address

    Provide your ICX wallet address and proceed with the payment.

  3. 03

    Receive Your ICON

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

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Frequently asked questions

  • What are the common methods for buying ICON (ICX) with Georgian Lari (GEL)?

    To purchase ICON (ICX) with GEL, you typically need to use a cryptocurrency exchange that serves the Georgian market and offers a GEL fiat on-ramp. The most common methods involve a direct bank transfer from a Georgian bank account or using a debit/credit card. Users must complete KYC/AML (Know Your Customer/Anti-Money Laundering) compliance on the platform before they can deposit GEL and execute a trade on the ICX/GEL order book.

  • What is the strategic advantage of a direct GEL to ICX trading pair?

    A direct GEL/ICX pair provides a crucial fiat gateway for users in Georgia, allowing them to enter the ICON ecosystem without first converting GEL to another major currency like USD or EUR. This reduces transaction fees and slippage from multiple trades. It signifies growing local adoption and provides direct access to ICON's interoperability protocol, the Blockchain Transmission Protocol (BTP), and its Delegated Proof-of-Stake (DPoS) consensus mechanism for staking.

  • After acquiring ICX with GEL, what are the primary uses within the ICON network?

    Once you hold ICX, you can actively participate in the ICON ecosystem. A primary use is ICX staking, where you delegate your coins to Public Representatives (P-Reps) to secure the network and earn rewards. ICX is also used to pay for blockchain transaction fees, deploy SCORE (Smart Contract on Reliable Environment) smart contracts, and interact with a growing number of decentralized applications (dApps) for DeFi, NFTs, and more. It also grants you voting rights in the Contribution Proposal System (CPS) for network governance.

  • What are the security best practices when converting GEL to ICX and storing the digital asset?

    Security is paramount. Always use a reputable cryptocurrency exchange that has strong security measures and supports the GEL/ICX pair. Enable two-factor authentication (2FA) on your exchange account. After purchasing your ICX, it is highly recommended to transfer it from the exchange to a secure, non-custodial digital wallet where you control the private keys. For ICON, this could be the Hana wallet or a hardware wallet for maximum security. Never share your private keys or seed phrase.

  • How does ICON's Blockchain Transmission Protocol (BTP) add value to ICX purchased with GEL?

    The Blockchain Transmission Protocol (BTP) is ICON's core interoperability solution, designed to connect disparate blockchains. When you buy ICX with GEL, you're acquiring the native digital asset of this interconnected hub. The value proposition is that your ICX isn't confined to the ICON network; BTP aims to allow for the seamless transfer of value and data between ICON and other connected blockchains, making ICX a gateway asset for cross-chain DeFi and dApp interactions.
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