62% of the circulating supply remains staked vs. 54.8% at the June 2019. It is also important to note that this increased significantly from 57% from just 2 weeks ago, which is largely due to new staking services launched on Binance.com, Bithumb, and ICONFi.
New ICX Balance Wallets continues to outpace New ICX Supply at roughly 1% vs. 0.1%. We believe this is a healthy indicator on the network’s token economics and relative demand for $ICX.
- Bithumb Exchange announced $ICX Staking Services along with $SRT token airdrop.
Contribution Proposal System (CPS) officially goes LIVE! This is an exciting milestone for the ICON Network.
- ICON Foundation announces 500,000 ICX Security Audit Fund to safeguard the ICON Network and Community.
- Gemini Exchange selects ICON project into its Cryptopedia launch.
- Balanced Network announces #AIRDRIP Program for the ICON Community.
- ICONFi states that it’ll support Token Swap in real-time in March 2021.
DanalPay announces BTC, ETH, and ICX integration to Paycoin App.
The crypto bull market is in full swing. Many of you are probably refreshing Coingecko or Blockfolio multiple times per day. The emotional rollercoaster may be tough for some people, especially those who are new to the industry. Let us try to give some comfort for $ICX.
Crypto is very immature industry. Some call it the “Wild Wild West” and we don’t disagree with that. It may take years for projects to turn their vision to reality or the reality is that some of these projects fail. Thousands of projects have disappeared in the past 3 years. But, $ICX is still here and thriving. New projects have come into existence and garner attention. But, $ICX has a history of resilience.
There are many exciting things happening for the ICON project - Enterprise, DeFi, NFT, etc. However, we believe the most important THING we must do is make sure $ICX exists not just for the next 5 or 10 years but for generations. And, this is accomplished by building a strong foundation with community, token incentives, governance structure, and culture.
We continue to emphasize that the ICON team is building for the long term. Contribution Proposal System (CPS) is a key piece to building a sustainability blockchain network. And, now with CPS launched, the ICON community can find comfort in that, unlike many crypto that fail every day, $ICX is better positioned for the future than ever before.
The ICON Team