ICON to Launch Incentives Scoring System

The  IISS and ICO platform lauch are scheduled for April 2018
09 April 2018   1836

The ICON project is aiming to build one of the largest decentralized networks in the world, and it is comprised of various institutions like financial, insurance companies, hospitals, universities and more.

At the end of January ICON has published its roadmap for 2018, highlighting key points of the project's development for the whole year. Here are the major milestones:

  • March, 2018 — Token Swap, Mobile wallet
  • April, 2018 — IISS launch, ICO platform
  • 2018. Q2 — ICX/ETH DEX, Public Channel
  • 2018. Q3 — Governance Channel, IISS Improvement
  • 2018. Q4 — SCORE Improvement

The event which is due to come this month is the lauch of IISS, which is the Incentives Scoring System. Based on the DAVinCI financial solution artificial intelligence, IISS is responsible for determining a node’s ICX reward for its contributions to the network.

According to the ICON white paper, IISS calculates rewards based on the following factors: “the node’s 1) frozen ICX, 2) C-Rep status, 3) ICX exchange volume, 4) ICX exchange volume of the whole community if it has one, 5) ICX volume traded through DEX if it has one and so on.”  With DEX, community members can trade currencies without having to use public exchanges like Bittrex, Binance, or Bitfinex.

ICOs to Sell 400k ETH in a Month

Some recent leading ICO projects at the same time turned out to be the main sellers of ETH
17 December 2018   75

Over the past 30 days, ICO-startups have sold 416,000 ETH - the largest amount for the monthly period since this summer.

In August, such startups sold only 100,000 ETH, and in September the amount rose to 300,000 ETH. In November, they liquidated 100,000 ETH in one week and over 400,000 ETH in the last month, reports Trustnodes, citing data from Santiment.

This is still significantly lower than in January-March, when 630,000 ETH was sold in March only for one day. Some of these sales were probably related to EOS. When they sold all the Ether, the situation has noticeably stabilized and remained so until recently.

Some leading ICO projects at the same time turned out to be the main sellers. SingularDTV was the largest of them, but not too far ahead of Aragon and Kyber.

Status also actively eliminated cryptocurrency, but all four still have large stocks of ETH. All monitored ICO Santiment currently has about 2.9 million ETH in the amount of only $ 290 million - so much the last year the leading ICOs cost separately.

For a long time, the reserves of ICO-projects amounted to about 3.3 million ETH, despite the prolonged decline in the crypto market and the popularity of this method of collecting funding, since they were compensated by new campaigns. The fall of this indicator by 400,000 ETH makes it possible to conclude that the attraction of new funding in recent weeks has stopped, probably along with the actions of the US Securities and Exchange Commission (SEC)