We’ve been building, building, and building the ICON network over the past couple of years. We still have a lot more to build. But, with some exciting initiatives around the corner, we believe the timing is now ripe to experiment with public relations. Therefore, we’ve decided to work with Transform Group
due to the firm’s extensive knowledge in the blockchain industry.
My confidence level in the ICON project is at an all-time high. Diving into economics, we currently have less than 30% of total real ICX supply in circulation, which takes account of both ICX staked or held by the foundation. This is the lowest ever and continues to go even lower by the week. The weekly inflation rate is at around 0.11%, which we measure to be a healthy rate given the level of economic activities in the ICON network. This is, of course, due to the lowest ever global commission rate is at 17.2%.
Soon, we plan to strengthen our economics by 1) Increasing Transaction Fees and 2) Introducing a Vote Stagnancy Program. Similar to the Global Commission Rate, both initiatives shall directly positively impact network economics.