HQ: Zug, Switzerland
1. Proposal introduction (What)
The ICON Foundation is the founder of the ICON Project and has been devoted to various fields such as the ICON Network's operation, the ICON Network's technological development, application development for ICONists, ICON community operation and ICON DApp investment. After decentralization, The ICON Foundation will devote itself to the following areas to fulfill its responsibilities as a member of the ecosystem.
The ICON Foundation will configure the best server environment for the complete liveness of the ICON Network so that the network can be maintained without difficulty. The ICON Foundation will set the sufficiently secure server specifications and continue to expand technical infrastructure in line with the growth of the network.
The ICON Foundation has provided the initial ICON Network software and will continue to update new features in the future. The ICON Foundation is developing many technologies such as loopchain, EEP, DBP, BTP and others for the growth of the ICON Network. We will dedicate all our resources to research and development of new technologies for the ICON Network.
3) Community and Governance
ICON Foundation has a vision to build a community of people who want to be part of the token based economy on the ICON Network. Our mission will start immediately and will go on as a long-term project. Permanent and spontaneous communities are incredibly important in the blockchain ecosystem. We will work to build communities for P-Reps, DApps, and EEPs based on responsibility.
5) Expansion of the ICX Economy
Applying and spreading the ICX economy to diverse fields will greatly contribute to the growth of ICX value. The ICON Foundation will propose strategies that promote ICX to be widely used. The ICON Foundation has been focusing on establishing the underlying infrastructure to support an economy built on the ICON Network. We are devoted to the adoption of ICX.
The ICON Foundation has been reaching out to developers who are interested in blockchain and educating them about the ICON Network. The more people contributing to the development, the faster the ICON Network will grow. We are focusing on educating our smart-contract platform for developer to spread ICON’s technology to the world.
2. Motivation of the proposal (Why)
As the first key milestone of ICONSENSUS, the election of the initial 22 P-Reps will lay the groundwork for a strong and secure network. Without this milestone, the growth of the network through successful EEPs and DBPs will not be possible. In order to achieve this milestone, the ICON Foundation is a participant in the ICON ecosystem and is committed to the development and prosperity of the ICON Network.
3. Execution plan of the proposal (How)
ICON Foundation will prepare a security plan against disability of the network or external attacks such as hacking. Additionally, the ICON Foundation will run citizen nodes for exchanges, DApps and all developers who want to develop products on the ICON Network.
ICON Foundation is researching and developing EEP and DBP functions for the ICON Network's economy and governance system, and is developing BTP for Interchain. Additionally, we will research and develop improvements to loopchain and will provide such developments to the ecosystem. We will contribute to the ecosystem by developing various applications such as ICONex, the ICON Tracker, and a DApp Browser used for the ICON Network. Moreover, the ICON Foundation will continue to support P-Reps with technical support after decentralization.
3) Community and Governance
The ICON Foundation is a community member of icon.community. We sponsor various activities such as offline meetups and online forum discussions leading to community growth. Also, we are creating content and analytical reports to contribute to the community. We will continue to grow the community for P-Reps and ICONists, and we will provide more support to icon.community to grow the developer base. Also, ICON Foundation will actively conduct research on the network monetary system and transaction fee policy to create an ideal economic system.
In addition, ICON Foundation will establish ICONgress, which is the off-chain governance body for the ICON Network. Through this governance body, representatives, developer groups, EEP groups and other parties can collaborate to enhance the ICON Network.
We are running social media channels, offline education programs and technology seminars for education. Also, we are working with high-quality DApp projects and holding developer hackathons and contests in an effort are to facilitate the development and commercialization of the ICON Network.
4. Expected timeline of the proposal (When)
We are going to finish most of the development of major technologies by early next year, and we will do new technical challenges, and all other parts are already in place. We will devote to the growth of ICON Network.
Expected Network Information