Dear ICONists, As we all know by now, COVID-19, better known as 'Coronavirus', has brought down the g
[ICON Newsletter #8] Coronavirus + Compare ICON vs. Other Blockchains | | Dear ICONists, As we all know by now, COVID-19, better known as 'Coronavirus', has brought down the global economy to its knees. South Korea (where ICON HQ is located) is the top country outside of China affected by the outbreak with over 4,000 cases. So far, no ICON team members are affected. We're taking precautions by limiting business activities and also allowing our team members to work remotely. South Korea is determined to overcome this threat together as a nation. Furthermore, the ICON team is determined more-than-ever to make ICON network a true open source community project by removing as much dependency on our Korea team. It was business as usual in the past week for the ICON network. Our numbers continue to look better every week. Key Highlights: - 224.3 million ICX is now fully staked, up 1.7% from last week. This represents 42.7% of all circulating ICX supply, the highest ever (although the we seem to be breaking this record almost every week).
- 24,989 Monthly Active Wallets, down 7.0% from last week. We believe the recently market downturn is the main reason behind this.
- 86.6 million Average Daily Transactions, up 1.1% from last week. Although Monthly Active Wallets numbers are lower, it's positive to see more transactions per active wallet.
- 112 P-rep Candidates, up from 108 last week. We expect P-rep competition for the 100th spot to heat up with increased efforts going in to win votes. Today, you need 11,965 votes to be the 100th P-rep.
- i_rep decreases another 5% this past week to 40,647 from 42,782. This means that ICON network's inflation (or new ICX supply) continues to decline to provide all ICONists with one of the best Real Yield % in the industry.
- ICON Foundation releases February 2020 Tech Update with more details on LFT2 Consensus Algorithm, Sidechain, and IISS 3.0.
- ICON Foundation approves 3 more grants - Dapp.com, Korean community activities, and ICX Comics.
- ICON Community Project Page launches with 65 projects led by our independent community members who are directly contributing to the ICON ecosystem.
- P-rep Governance Meeting #2 is set for March 13th.
Thank you for reading. Let's have another great week! Min Kim, ICON Foundation Council | |
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Ricky Dodds has been tweeting meaningful charts comparing ICON to other blockchain projects. As a former investment banker and research analyst covering the financial sector, Ricky brings great insights backed by real data. Be sure to follow him on Twitter. ICON's offers one of the best Real Yield % in the industry Real Yields factor in inflation (or increase in the money supply) into the equation to give the actual picture on what your token staking rewards look like. Don't be fooled by Nominal Yield %. Oh, and as we've also mentioned above, ICON P-reps are continuing to lower inflation by the week. |
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 | | | When investors are comparing yields across staking assets, they need to be aware of inflation and how that impacts the 'headline' numbers. Here are the Real Yields for comparison: https://t.co/MzWnPFH6M4 | | 9:05 AM - 21 Feb 2020 | |
ICON is #8 in transaction volume Transaction volume is considered one of the most important factors in measuring the value of the blockchain network. Today, we're proud to be able to say that ICON is top-1o in transaction volume. As a bonus, ICON is one of the very few blockchains with a deflationary token economy. |
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 | | | is one of the most utilized public blockchains. #8 by transaction volumes
It's also one of 3 (out of the top 8) that is designed to be deflationary over time...🤔 https://t.co/8AYoVsQPmB | | 9:25 AM - 24 Feb 2020 | |
Market Cap / Total Annualized Network Fees Ratio is one of the lowest For Wall Street, P/E ratios are used to determine if a company looks overvalued (high P/E) or undervalued (lower P/E) compared to its peers. For the crypto world, Market Cap / Total Annualized Network Fee Ratio could be a good proxy become it is conceptually equivalent to a P/E ratio. ICON's Market Cap / Total Annualized Network Fee Ratio is 3,355x, which is one of the lowest in the industry. |
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 | | | 2/Value accrual/fundamental analysis is still nascent, and it's not perfect by any means but its heading in a better direction. For ex: I think market cap / total annualized network fees is a fairly good proxy for P/E when comparing assets across similar mkts https://t.co/xtR1gjASuF | | 11:16 AM - 28 Feb 2020 | |
It's no secret that Mineable, one of ICON's main P-reps, creates one of the best videos in the blockchain space. Mineable puts in the same level of time and dedication into his iconTV Youtube channel. The latest episode ("This is what Blockchain Adoption Looks Like") shows exactly what you want to see - ICON's technology in action. |
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| This is What Blockchain Adoption Looks Like! ICON ICX | iconTV |
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ICON Foundation continues to provide grants to projects that foster ecosystem growth. In this past week, we approved the following grant proposals: Dapp.com Dapp.com is the largest dapp analytics and distribution platform. The website tracks dapp performance of over 3,200 dapps from over 10 blockchains including Ethereum, EOS, Tron, and more. Dapp.com would use the grant to cover the costs associated with integration. SimSul Kim has been leading ICON's Korean community efforts for a long time including ICONkr.com website, Twitter, KakaoTalk, Telegram, CoinPan, Naver blog, and more. SimSul Kim will use the grant to grow the Korean community further by taking on new initiatives. This is pretty much self-explanatory. Comics and illustrations may provide new channels to promote and educate the public about the ICON project. The grant will be used to create ICON-related comics and to operate a website.
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 | | | | | | 5:11 AM - 1 Mar 2020 | |
| Screenshot of community-led projects on icon.community website |
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There have been questions by voters on how P-reps and other community members are contributing to the ICON ecosystem. With so much fragmented information circulating in different channels, we decided to launch a Project Page in icon.community. We encourage voters to check out the page, see projects that you like, and vote for the teams behind them. We expect more projects to be added by our P-reps. Currently, we have: - 22 - Completed
- 34 - In-Progress
- 9 - In Pipeline
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ICON Meetup by Blockchain at Berkeley (March 10th) ICON Meetup will be organized on UC Berkeley campus on March 10th. Come and learn from the ICON team as they discuss ICON, the project that is building one of the largest decentralized networks in the world. |
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| | Tue, Mar 10, 2020, 6:30 PM | |
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P-rep Governance Meeting #2 (March 13th) The next P-rep governance meeting is scheduled for Friday March 13th PST. We plan to continue discussing ways to improve the ICON network. |
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| P-rep Governance Meeting #1: IISS, i_rep, and P-rep Contribution (Feb. 14, 2020) |
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NYC Blockchain Week: Consensus 2020 (May 11-13th) Some of our P-reps are pooling a fund together to get ICON's brand in front of the masses at the largest blockchain event in the US. Just to be clear, this initiative is NOT led by the ICON Foundation. This is purely community driven. |
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 | | | Working on our presence at the largest industry conference in crypto this year: Consensus2020.
We reserved the big screens in the Grand Ballroom, and will make sure ICONs brand is extremely visible. https://t.co/z5cYqr3y2d | | 10:04 AM - 1 Mar 2020 | |
 2020 Roadmap Recap, LFT 2.0, Sidechain and IISS 3.0 |
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 Seoul city will be launching this Sunday its revamped citizen participation platform, which will work on the ICONLOOP blockchain. |
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 This is the second part of a 30+ page series designed to provide an overview of ICON's technology. |
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 Our first 3rd party game integration, has officially launched! |
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 After launching our sports betting app in March 2019, we closed $675K in October 2019 as part of a broader a $1M+ Seed Round raised in 2019. |
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