It’s been two weeks since our last newsletter and there is a lot of info to catch up on! We’ll summarize most of the keys takeaways here to get you up to speed ICYMI.
As we’ve said since the start of the year, 2020 is a year of growth for the ICON project. And thus far, it’s playing out much as we expected. Although we’re still not satisfied with the pace, we are encouraged by the progress we’ve made and are looking forward to pushing forward towards our goals throughout the remainder of 2020.
The next few months will be exciting. We will be releasing some new products and use-cases of our technology and we will also be providing a major technology announcement that we believe will drive even more growth, adoption, and enthusiasm for our network.
Before I go, I want to thank the community for the collaboration, effort, guidance, and support during the first half of the year. Let’s continue to push ourselves and make the second half even better.
~55.2% of circulating supply staked vs. 38.4% at the end of 2019. ~13.7% annual staking reward
+3% weekly growth in wallets with balances. Over 300,000 wallets now have an ICX balance
- Main P-Reps lowered the global commission rate to ~17.3% down from ~17.5% last week
- ICONLOOP raises 6 billion KRW (~5 million USD) in a bridge round from leading Korean investment firms
- ICONLOOP onboards POSCO (a multi-billion dollar company) to our network through the VisitMe app
ICON released its June technology roadmap update including staking from SCORE, multiple unstaking periods and voting up to 100 P-Reps
- Cointelegraph covers ICON Hyperhack in an article titled “The Rise of Virtual Hackathons”
Min Kim, ICON Foundation Council Member