ICON Blog

ICON Staking with iOS

ICON released an update to their iOS ICONex wallet today (v 1.7.0), enabling mobile staking using iOS. This is a big step forward to reach new stakers as previous staking was only enabled via the ICONex Chrome Desktop extension. ICON plans to add support for the Android ICONex wallet in the future. If you’re not aware of what Staking is, or how to stake using the Chrome extension, check out ICXStaking.com for more information!

UBIK Capital Governance Proposals

UBIK Capital is a team of dedicated ICONists working to be a voice for the community, further ICON ecosystem development, and increase the value of the ICON network. Our strategy is to increase value through technical contributions, community and business outreach, and also a focus on proper Governance. This article outlines five areas that we are considering to enhance ICON through Governance. We present these draft ideas in order to facilitate conversation and solicit feedback. We believe all ICONists should have the avenue to let their voice be heard. As such, we will create a forum topic for each of these proposals, carefully consider the feedback with regard to each topic, and then determine the best way to move forward.

ICON Swift iOS Tutorial: Part 1

This tutorial series covers how to integrate ICON blockchain functionality into an iOS App using the ICON Swift SDK. We begin in Part 1 with the setup and integration of the ICON Swift SDK into Xcode.

UBIK Capital Node Monitoring and Alerting Strategy

With decentralization of the ICON Mainnet drawing near, it is imperative that node operators setup proper monitoring and alerting systems to ensure they can maintain node uptime. This keeps the ICON network secure, efficient, and avoids penalties. This article presents UBIK Capital’s monitoring and alerting system strategy. We hope the methods we use can be utilized by other teams that don’t yet have a similar system in place. Having a monitoring and alerting system is vital for any P-Rep team. These systems enable teams to quickly learn of and fix any node issues. Such a system can help ICONists vote with confidence, knowing the P-Reps they have allocated their votes too, are actively monitoring their node.

UBIK Capital ICON P-Rep Candidate Overview

UBIK CAPITAL is a team of people who are passionate about ICON and want to be a part of the extraordinary ICON ecosystem. We have 40+ years of experience in software development, program management, and system operations. We want to do our part to serve the ICON community through outreach, technical development, and of course, running a resilient ICON node!

Release the Kraken! ICON listed on prominent exchange

As Binance closes their doors to US Customers, a large amount of ICX trading volume goes away. However, as Alexander Graham Bell said, “when one door closes another one opens.” This quote rings true in the case of ICON: the open door comes as an ICX listing on the US-based Kraken cryptocurrency exchange. Kraken released a blog post stating they will list ICX on September 12th! Founded in 2011, Kraken ranks #6 on CoinGecko (shown below), and #4 in terms of 24H normalized volume ($100,096,725 at the time of this writing). While Kraken is based in the US, the exchange provides cryptocurrency trading services worldwide.

Have a DApp idea?

Have a DApp idea? Want to develop it but are not sure where to start? Need resources to help? UBIK Capital will help bring your DApp ideas to life with resources, education, and development assistance! https://www.goicx.com/

Ubik Capital’s push for long-term staking rewards

Greetings ICONists! I have posted the following clarification of our long-term rewards policy in many different Telegram channels over the past several weeks. This is a copy and paste of information I’ve posted for the past few weeks (since before pre-vote). The information can be seen in section 2:

ICON Staking is here!

The highly anticipated launch of staking on ICON commenced at 0500 UTC on Aug 26! ICON updated the ICONex wallet and Public Representatives (P-Reps) registered on-chain to run in elections to become the decentralized leaders of the ICON Republic! Loyal ICONists began immediately staking and voting for their favorite P-Reps through the ICONex interface. The early voters are being rewarded handsomely due to the limited number of votes thus far. ICON rewards decrease as more ICX is staked. As of 2120 UTC on Aug 26, a total of 52,282,054 ICX is delegated (voted), equivalent to 10.66% of the circulating supply of 490,390,519 ICX.

A Voice for the ICON Community

ICONSENSUS is nearly here and staking will begin in less than a week on August 26th! This will consist of a pre-vote period, in which ICONists can stake their ICX using the ICONex official ICON wallet and be rewarded with an estimated ~15% annual return (based on 30% of network staked). ICONex will allow for users to choose which P-Rep(s) to vote for. I personally recommend voting for multiple P-Reps since there will be 22 P-Reps.

ICON Decentralized Applications (Part 3)

Today we are continuing our journey through Decentralized Applications (DApps) built on the ICON network. In our previous articles (ICON Decentralized Applications (Part 1) and ICON Decentralized Applications (Part 2) ), we presented overviews of several DApps built on ICON. We covered Blue Whale, weBloc, SOMESING, VELIC, ZenSports, MECA Coin / MECA Casino, STAYGE One and COSMOCHAIN. In this article, we continue with 3 more DApps: LogisticsX, DISCOVER X, and Airbloc.

ICX Staking FAQs (Frequently Asked Questions)

Staking is a mechanism by which a Proof-of-Stake (PoS) cryptocurrency holder locks their cryptocurrency for a period of time to validate transactions. Users can delegate their cryptocurrency to teams that operate validating nodes. These validation nodes then use the cryptocurrency that is delegated to them to vote and validate transactions. In return, those who choose to stake are typically rewarded with cryptocurrency rewards at a specified percentage rate.

Prepare for ICON staking: moving your coins to your own wallet

ICONSENSUS is the decentralization of the ICON network! This event consists of ICONists (ICX holders) using their ICX to vote for Public Representatives (P-Reps) to run the ICON network in a decentralized manner. These votes will be done through staking with the different P-Reps, resulting in rewards for the ICONists for their dedication to the ICON network. Pre-vote staking will commence on August 26th, with the election of P-Reps happening a month later. The staking rewards will range from 6%-36% annually (depending on the amount of ICX staked on the network). For an overview of voting and what different ICONists are looking for in their P-Reps, please see our previous article. You can see a full list of the current P-Rep candidates on the ICON community webpage.

Who are the candidates for ICONs Got Talent 2019?

Following the ICON Transaction challenge, ICON held one final contest, called ICON’s Got Talent. The purpose of this contest is to identify the top 6 Decentralized Applications (DApps). A diversified group of 10 judges will evaluate projects based on the evaluation criteria and 6 teams with the highest average score will be selected as final winners

ICONSENSUS P-Rep Panel Discussion - Round 2

A Closer Look at ICON’s IISS Updates

On July 24, ICON provided an update to the Yellow Paper, in a New Version 2.0 (IISS 2.0). This update came roughly 5 hours after ICON announced the highly anticipated date that staking on the ICON network begins: August 26. The IISS updates came as a bit of a surprise to many of us in the ICON community. I shared several conversations on Telegram with multiple ICONists and other P-Rep candidates.

ZenSports: Peer-to-Peer Mobile Sports Betting On the ICON Network

ZenSports is a modern peer-to-peer sports betting marketplace where anyone can create and accept sports bets with anyone else in the world, without the need for a centralized bookmaker. ZenSports is built on the ICON Network, taking full advantage of the digital age and the efficiencies and advantages of blockchain. In less than a year after launch, ZenSports has quickly become one of the top ICON decentralized applications (DApps) and continues to make advancements and continually improve and expand the system.

ICON The Art of P-Rep Selection

As we approach ICONSENSUS in September, ICX holders will have the option to vote for Public Representatives (P-Reps) to govern the ICON network and manage nodes to run the blockchain in a decentralized manner. ICX holders (or ICONists) will vote for different P-Reps by staking with them. 1 ICX = 1 vote, and in turn the ICX holder will be rewarded handsomely for staking. More details on this in our previous article on staking (note that staking begins in August, with voting in September). ICONists can split their votes to different P-Rep teams.

ICON Decentralized Applications (Part 2)

Today we are continuing our journey through Decentralized Applications (DApps) built on the ICON network. In our previous article, we presented overviews of some DApps built on ICON. We covered Blue Whale, weBloc, SOMESING, VELIC, and ZenSports. In this article, we continue with 3 more DApps. Jul 15 · 4 min read

VELIC: Digital Exchange Built On the ICON Network

VELIC is the first exchange to launch within the growing ICON ecosystem! This is significant and I wanted to take a deeper look into VELIC. I had conversations with VELIC to discuss information and wrote this article based on the information I can share in public forum, as well as publicly available information / articles! I hope you enjoy this article and I encourage other ICON ecosystem partners and DApps to please reach out to me if you would like me to cover your project. I enjoy learning about the individual DApps and ecosystems partners that together make ICON great!

By ICONists, For ICONists, "The Democratic Chronicles: With Corey Costa"

Overview of ICON P-Rep Candidates

As we have said in our previous article there are 43 P-Rep Candidates that seek to represent ICONists (as of July 5th, with more being added daily). These P-Reps are comprised of teams from all over the world, with unique skill sets and goals. The full active list of P-Rep candidates is located at: https://icon.community/iconsensus/candidates/

ICONSENSUS and the election of P-Reps (Public Representatives)

I would like to start off by providing background information necessary to further understand this article. What is a P-Rep: P-Reps “propose and vote on policies that maximize overall ICONists interest of the ICON network.” (as stated in the ICONstitution and Governance paper). Equally important, P-Reps also run nodes to produce and verify transactions on the ICON network.

ICON Inflation Simplified

In this article, I present a simpler and broader view of inflation rewards. The resulting data is based on % of circulating supply staked, ranging from 0 to 100%. I removed ICON transaction effects, as it is impossible to accurately guess what these will be in the future since the ICON decentralized network has not even launched yet. Transactions will lower inflation, leading to a higher value increase through staking, so the data presented below are the WORSE-CASE, given the scenarios, as inflation will go down with every ICX transaction.

ICON INFLATION DEMYSTIFIED

ICON INFLATION DEMYSTIFIED As we approach ICONSENSUS, there is a great amount of excitement around the ICON network. ICONSENSUS will fulfill the promised decentralization of the ICON network as laid out in the original ICON Whitepaper. This event will offer the opportunity for ICONists to vote for their favorite Public Representatives (P-Reps) to run, govern, protect and enhance the ICON network. Additionally, ICX holders will have the opportunity to stake their tokens by delegating them to a P-Rep for a period of time of between 5 and 20 days. In return for delegating their ICX, the holder will be rewarded I-Score, which is convertible to ICX through the Public Treasury.

ICON Decentralized Applications (Part 1)

What is a Decentralized Application? A decentralized application(DApp) is an application which runs on a decentralized network and utilizes its resources. The main characteristics of a DApp include: open source code, all users have equal rights to change the data, no central point of failure and usage of the internal currency..

P-Rep TestNet Mid-June Update

Greetings fellow ICONists! We’ve been in the P-Rep TestNet Phase 2 for almost 2 weeks now and I wanted to provide a quick update. My previous article described the purpose of the TestNet and provided an initial status. In case you missed it, TestNet Phase 2 is the final testing and practice of block production and transaction validation for P-Reps, prior to P-Rep elections in September (Staking for every ICONist $$$).

By ICONists, for ICONists - Special Edition with Russell

P-Rep TestNet 2nd Phase Underway!

Greetings fellow ICONists! The P-Rep TestNet 2nd Phase launched at UTC 0500 today! This second TestNET is a chance for P-Rep candidates and ICON enthusiasts to setup a node and participate in the ICON Network. The TestNet will test block productions and validation, intensive transaction load testing, and hard force and governance training. The purpose of the testing is to expose P-Rep candidates to diverse test situations in order to mitigate risk and ensure smooth operations prior to P-Rep.

Overview of Staking on ICON Network

Staking is a mechanism by which a Proof-of-Stake (PoS) cryptocurrency holder locks their cryptocurrency for a period of time to validate transactions. Users can delegate their cryptocurrency to teams that operate validating nodes. These validation nodes then use the cryptocurrency that is delegated to them to vote and validate transactions. In return, the customers who chose to stake with a particular node are rewarded with cryptocurrency at a specific rate.

ICON… READY… SET… GO…

This year will be a great year for ICON. During the ‘crypto winter’ of 2018, ICON continued to build and develop their technology, laying the foundation for even bigger things to come in 2019, especially in the second half of 2019 with ICONSENSUS!

ICONSENSUS Resiliency (Part 2: Sys Ops Security)

In Part 1 of this series, we discussed the need for resilient nodes as a key to a successful decentralized ICON network. Part 1 covered several aspects of resiliency at a high level. In this iteration, we will take a deeper look into System Operations (Sys Ops) and go over some necessary security practices and options as it relates to setting up a Node on AWS.

ICONSENSUS Resiliency (Part 1: Introduction)

As we approach ICONSENSUS, we are excited to be a part of the ICON network decentralization! This comes with much anticipation as well as challenges from the unknowns. In order to better prepare for what lies ahead, I wanted to put a series of articles out to start the conversation regarding setting up resilient nodes.