ICON to Launch Incentives Scoring System

The  IISS and ICO platform lauch are scheduled for April 2018
09 April 2018   2375

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.

Huobi to Launch Prime Lite IEO Platform

Huobi Prime Lite is a “niche project” with some tokensale differences from Prime platform and the first project on it will be ThunderCore
24 April 2019   94

Huobi will launch an improved initial exchange offer (IEO) platform called Prime Lite.

Representatives of the company note that Huobi Prime is a “niche project”. Listing requirements for this platform are the same as for the main IEO site. However, tokensale on the new platform will have several differences from Huobi Prime:

  1. Shorter listing cycle and more flexible listing schedule
  2. Trading allocations for users are more flexible
  3. To facilitate the development of HT (Huobi Token), all HT exchanged will be burnt

The launch of the new platform is scheduled for May 9th. The first IEO on Prime Lite will be ThunderCore, which develops a blockchain with a bandwidth of more than 1,200 transactions per second. The project plans to raise about $ 500 thousand.