[ICON Newsletter #6] New Roadmap Update + New DeFi Project?!

Of all the accomplishments in the past week, the most exciting part is seeing our P-reps collaborating and hustling to bring more value to the ICON network. As you may be aware, ICON is unique in that we are one of the very few projects with a true grass-roots community. ICON extends beyond what the core team is doing in Korea such as #BROOF, which was extensively covered in the last week’s newsletter (BTW, some say it was the best one we’ve published, so go read it!). All the organic community activities that are happening truly exemplifies the power of the ICON project.

Thank you,

Min Kim, ICON Foundation Council

We believe the four (4) categories mentioned above represent the most important focus areas for our expanding ecosystem and will help us to onboard new network participants and improve the incentive structures for contribution.

Read the full announcement.

Wow! Our P-reps are really stepping up to the plate by collaborating together. Balanced is a collaborative effort between ICX Station, PARROT9, Galen Danziger of Mousebelt, and Dan Brehmer of iBriz-ICONosphere.

According to the official announcement, Balanced is a DAO (Decentralized Autonomous Organization). It incentivizes people to deposit their ICX as collateral and borrow tokens pegged to the value of real world assets. The first token will be the ICON Dollar, which is pegged to USD.

Be sure to follow Balanced on Twitter and Medium for the latest updates.

Read the full announcement.

Last month, the ICON Foundation approved 2 grants:

Progress reports for those grants can be viewed thru the links below:

We’re seeing more grant proposals come in by the day and we want the community’s voice to be heard. Click “Vote” on your favorite ideas to move them up the priority list. See the example below:

Also, drop your comments in the threads. Positive or negative comments are both encouraged. But always be respectful and polite. We review the grant applications every week!

Coincidentally, the very first P-rep Governance Meeting happened in the same week the ICON network onboarded our 100th P-rep. 100 is a significant milestone and evidence that our network is becoming more decentralized like we originally envisioned.

The P-rep Governance Meeting #1 took place online via video conferencing at 3pm PST on February 14, 2020. The turnout was spectacular considering the timezone differences. The majority of the top 22 P-reps were in attendance and few Sub P-reps joined in as well. The purpose of the meeting was to discuss improvements of the network, specifically:

Watch the full meeting on our Youtube channel. The video recording is 2 hours long; therefore, we recommend turning on 2x speed.

Even without the ICON Foundation, our P-reps are organizing themselves to bring more value to the ICON ecosystem. This is simply amazing.

Meeting participants include Blockmove, Catalyst, Everstake, ICON BOOM, ICONation, Parrot9, POS Bakerz, RHIZOME, and UBIK Capital.

Watch the full meeting on Youtube. The video recording is 2 hours long; therefore, we recommend turning on 2x speed. 

P-reps organizing online meetings are not enough. IConnect Global team from Kenya held an offline dev meetup in Nairobi. Follow the team on Twitter to see more event photos. We think they have the coolest logo.

The Fortmatic team plans to bring key management solutions to the ICON ecosystem, making the onboarding process much smoother. We hope to share more progress updates for you on this initiative.

Our presence in Korea continues to grow. We are now expanding to Busan, the second largest city in South Korea.

While ICONLOOP will keep its headquarters in Seoul, it will station three (3) employees in Busan and begin operations in March.

Read the Full Article.