60.7% of the circulating supply remains staked vs. 38.4% at the end of 2019, and up vs. last week despite strong market performance.
Active weekly wallet activity grew 15% and hit levels we haven’t seen since September. As we mentioned in the last newsletter, we believe this will increase as many new use-cases for $ICX go live in the coming months.
- ICON Foundation announced an update to the Grant Program, which is effective starting December 1st.
- Total P-Reps increased to 137, up from 132 two weeks ago. These additions include Danal Fintech, POSTECH, Band Protocol, Atomic Wallet, and Iconpool.
ICON announced a deeper collaboration with Band Protocol to align incentives - see more info below.
- A network vote to lower i_rep expected this week. Check out the details here.
ICONFi, a new crypto staking-and-earn service built for beginners, is coming in December. The platform will, among other features, provide staking and earn support for additional digital assets.
Call to the $ICX community: Please join in the governance discussions on the forum where we are discussing IISS 3.1 among other important topics regarding the future of the ICON ecosystem. Better participation = better outcome.
It’s been a busy two weeks since our last newsletter, and we have many exciting things to recap. First, we added five (5) new P-Reps to our network! We’re now at 137, and we expect this number to grow ahead of the ICON 2.0 release. Additionally to more P-Reps, we’re excited about adding relayer nodes to our architecture and for those to come online in 2021. Second, we announced a deeper collaboration with Band Protocol where we will be running validators on our respective network. Band has been a great partner thus far and is already used by several ICON Dapps. Lastly, we announced a new ICON grant update which we’re excited to launch in tandem with the CPS next month.
There is one thing to note on the new grant format that we would like to address. We’ve seen some confusion on the wording in the initial release that has led some to believe that the Foundation is no longer interested in or focused on community building, education content/materials, branding, marketing, and PR. That’s simply not the case. As always, we are continually looking for ways to improve the growth of our network, and we know those activities drive engagement with our platform and technology and ultimately act as a funnel for adding new stakeholders into our ecosystem. So yes, we will be putting resources into those efforts. We just won’t be accepting public-facing community-based applications for grants for these efforts (like we’ve done up until this point on the forum). We believe the CPS will catalyze these community-driven efforts.
We cover this and many more exciting developments on ICON below!
Min Kim, ICON Foundation Council Member