HQ: Ho Chi Minh City, Vietnam
We believe that the mass adoption of the ICON Ecosystem can only be accomplished by building various high-quality products and user-friendly services that encompasses the ICON Network, which connect to DApps and utilize the ICX coin under-the-hood without the users even knowing they're using the coin: seamless and positive user experience is what we are trying to achieve.
We think Delegate Proof Of Contribution is working, and is working very well. Our utmost motivation is to nurture the price by contributing the best of our ability to the ICON ecosystem and gradually drive organic, non-speculative, demand for the ICX token. As a result, value will rise and community will thrive.
According to ICON, representative reward varies based on
i_rep factoring in the amount of votes received. Therefore, it is a little difficult to get an accurate budget prior to hitting the ground running. Below is our ballpark estimated budget for costs, in order of importance until the reward is depleted:
Should we receive more votes hence more reward, a part-timer will become a full-timer and when we get a moderately stable reward rate, we will re-evaluate our budget and hire more full-time contractors to our team.
Having more than 15 years experience working with Microsoft products and services, we choose to stick with the cloud provider we are familiar with, Microsoft Azure, obviously. Our block verification (and production) fault-tolerant nodes will be running off Microsoft Azure to start with: we just need to find the right instance-size that closely matches the ICON recommended server specification. Our nodes will be located in the Southeast Asia region than the Australia Central at a later date (if we can sign a 3-years contract and get up to 30% discount for both regions). Enhanced proactive security and compliance are our top priority.
Server cost (1 region)
Maintenance cost (2 part-time sysadmin)
Software development (2 part-time core developers)
Marketing effort (1 part-time core community manager)
Should we receive more votes hence more reward, part-timer will become full-timer and when we get moderately stable reward rate, we will re-evaluate our budget and hire more full-time contractors
Remaining reward (if any) will be sent to staking fund to stake for ourself, instead of dumping on the open market for fiat
If we become one of the main P-Reps, the block production and verification reward will be used to rent a little nicer office space, provide infrastructure redundancy, and accelerate our development, marketing and community building efforts:
Block Production and Verification Reward
28% for redundant infrastructure (2+ regions)
46% for development (2 full-time core developers)
6% for marketing (1 full-time core community manager)
12% for 8-pax dedicated office space and extracurricular activities
8% for motion graphics, events, seminars, training materials for developers
In this case, Representative Reward above will then be used for hiring contractors, organizing events, onboarding DApps builders and any remaining reward will be sent staking fund to stake for ourself, instead of dumping on the open market for fiat
* core people are all of team members and contractors (application developers, digital marketers, event organizers...) are those we will hire from the local pool of talents.
Build P-Rep Watcher functionality then explore DApp using DID
Explore Stellar DEX and ICON DEX Interoperability ( through BTP ? )
Build various DID-based dApps use-cases (debt shaming, perpetual debt record...)
Build ICONLOOK web & mobile toolkit, which consists of various tools for P-Reps and ICONists (P-Rep Watcher, Transaction Analysis, Bad Actors Alerts…)
Build Quorum Exchange with Stellar DEX and ICON DEX integration (possibly gearing toward STO issuance and trading). Currently, Quorum Exchange is a mobile UI we have been building for Stellar DEX since March 2018.
For backend services and blockchain development, we use mostly .NET Core and Python. In addition, all of our mobile apps are developed using Xamarin Forms (XF), a cross-platform mobile app development framework by Microsoft. That is, when we release our mobile apps they can run natively on both iOS and Android. Fast and furiously beautiful.
P-REP Watcher (part of ICONLOOK toolkit)
Jul 2019 - Working proof of concept
Aug 2019 - Refined evaluation model and alpha test
Q3-Q4 2019 - Decentralized community contribution
Dec 2019 - Quorum Mobile App - Alpha (integration with Stellar DEX)
Q1-2 2020 - Quorum Mobile App - Alpha (integration with ICON DEX and STO ? )
According to SimilarWeb, Vietnam ranks #4 in traffic to Binance and the number of monthly active users. The crypto community here is as huge as Korea. Having based in Vietnam, we have the geographical advantage to tap in, educate and spread ICON.
While our primary focus is development, we still understand the importance of building local ICON community. Even the most stubborn non-believers and emotional moonboys won’t go beyond our reach.
Having more than 15 years experience working with Microsoft products and services, we choose to stick with the cloud provider we are familiar with, Microsoft Azure, obviously. Our block verification (and production) fault-tolerant nodes will be running off Microsoft Azure to start with. We just need to find the right instance-size that closely matches ICON recommended server specification. Our nodes will be located in Southeast Asia region then Australia Central later (if we can sign a 3-years contract and get up to 30% discount for both regions). Enhanced proactive security and compliance are our top priority.
With the majority of nodes are expected to run off AWS, we think it is even better for decentralization if we run our nodes on Microsoft Azure, IBM Cloud or lesser-known and reliable cloud providers.
Oh, on a side note, we would fancy running our infrastructure on bare metal in an ultra-secure building, underground military bunker or on a mountain top...if ICX price went over 3-figure a pop.
Expected Network Information
Tom Nguyen • iconmunist
Duy Pham • duyydus