What is ICX (ICON Network Token)?

ICX, or the ICON Exchange Token, is the native asset of the ICON blockchain. The token is minted each time a block is created, and serves various purposes. As a governance token, ICX holders can vote on changes to the ICON blockchain. The ICX token is used as a reward for nodes that maintain the network, to pay for fees and smart contract usage, and as a medium of exchange in the wider ICON ecosystem.