Wednesday, May 15, 2019

Let's Talk About Rewards

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Editor's Notes

Lots of big announcements this week! ICON signed a new partnership, announced 10 new ambassadors and launched the "ICON TX Challenge". But far and above, the most talked-about news item was ICON's latest changes to their Incentives Scoring System, or IISS.

Their initial announcement on the IISS changes was rather heavily laden with tech jargon, so we took a crack at explaining it in layman's terms. The big takeaway is that voters will see annual reward rates between 2% and 12%, depending on the percentage of the network that has been staked. Read more about it here:

ICON'S IISS HAS CHANGED: HERE'S WHAT YOU NEED TO KNOW

by Robin J. Wolf
New York Blockchain week is almost finished! Hope all our stateside readers are enjoying the conferences. Hit us up on Twitter @theiconistnews or email us at hello@theicon.ist and let us know if you've seen anything newsworthy this week. We are always happy to hear your story suggestions and questions.

Dean Baker,
Editor

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