ICON was one of the most talked about tokens of the 2017/2018 bull season and managed to reach over $13 in January 2018, creating a stir with the conclusion of the South Korean elections.

New president has NFT at ICON

The ICX campaign accelerated even more after a heated election in South Korea in the early morning hours, which was won by Yoon Suk-Yeol, one of the two cryptocurrency-friendly presidents. Last December, Yoon Suk-Yeol, the winner of the election contest and incoming president, released his signature NFT on the ICON blockchain. Yoon also mined more than 4,000 NFTs on the Aergo blockchain to promote his campaign. On the other hand, Aergo's price did not rise as dramatically as ICX, rising only 5% after the election.

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While ICX started bullish during the presidential campaign, it went from a morning price of around $0.65 to $1.10.

He gave a positive message about the regulations

观点保守的人民力量党候选人尹恩惠在选举前表示,这些法规是不合理和不现实的,并承诺如果他当选将废除许多法律。

Following the regulatory frenzy that began in South Korea in June 2021, dozens of small and medium-sized cryptocurrency exchanges were shut down. Cryptocurrency investors in South Korea are known to use such cryptocurrency exchanges, which shelve many of their unique torrents.

The law, which envisages a 20% tax on investors earning more than $2,000 per year, has caused a strong reaction in the country. The law was scheduled to go into effect in 2022 and was postponed to 2023 after reactions.

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