What is ICON Network?
ICON is a decentralized network of blockchain communities. ICON’s blockchain technology is being applied in the real world such as banks, securities firms, hospitals, and universities. Come see the crypto-world and the real-world connect with ICON.
Total Supply - 800 460 000 ICX
Circulating Supply - 535 426 002 ICX
ICX Staked - 30%
Price - $0,243
Accounts - 265 000+
What is IISS?
(ICON Incentive Scoring System): the system to measure various contributions and distribute incentives for the growth of the ICON Network
How to earn more ICX?
First of all, you have to stake all you ICX and earn passive income. In case 50% of the circulating supply of the ICX is staked, then the estimated annual return on investment is 15.7%. At the moment 17%
In addition, each community member can apply for funding — ICON Community Grant Program (“ICON CGP”) is a centralized program run by the ICON Foundation to fund community projects benefiting the ICON community.
Is it secure to stake ICX?
As with most of the PoS blockchains, the staked ICX doesn’t leave your wallet and remains there until you undelegated it with a particular node.
What are the staking risks?
In case you have staked ICX with a P-Rep who was penalized, then 6% of the total amount of staked coins gets burned. But usually, these situations happen rarely, and if you vote for a P-Rep who has a good reputation, then there’s no need to worry much.
Is there a way to avoid staking risks?
In order to lower risks associated with the staking process, it’s recommended to stake cryptocurrency with more than 5 P-Reps, up to 10.
We would like to express our special thanks to our sponsors:
ICON Foundation Ubik Capital Russell (thelionshire) — Ubik Capital
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