1. Proposal Introduction
Freezer Team has made various contributions to the blockchain industry by successfully carrying out various projects from the birth of blockchain, 2013 to the present time, and through this, the team has accumulated various experiences and know-how about the blockchain industry and the cryptocurrency ecosystem. Freezer's such experiences and accumulated know-how will contribute to the further development of the ICON network.
If Freezer is elected as P-Rep:
1) Equal Compensation Share
20% of the rewards from the block proposals and block verification will be used to keep the Freezer Foundation running smoothly, which will be used for operating expenses, benefits given to ICONists supporting Freezer, and marketing expenses to brand the ICON Ecosystem. The remaining 80%, will be rewarded to ICONists who support Freezer pro-rata to the contribution.
2) Additional rewards for ICONists who support Freezer
Freezer's differentiated system mentioned above can provide additional benefits to ICONists who support Freezer.
3) Freezer's own differentiated system
Freezer is run by ICONists who support Freezer(P-rep). Therefore, every ICONists’ opinion is important, and we will build Freezer’s own differentiated system so that the opinions of Freezer ICONists can be fully reflected when implementing policies or suggestions in the ICON Ecosystem.
4) Freezer Loan/Repayment System
Freezer will provide a loan system for ICONists, which the purpose is to allow ICX holders to retain ICX and at the same time, receive additional liquidity. For this, the Freezer Team is preparing a Freezer Loan/Repayment System.
5) Regular meet-ups in Asia
The Freezer Team will actively communicate with ICONist on various topics such as P-Rep's direction, policy proposal, and policy voting through regular meet-ups. In addition, we are planning to attract new ICONists by inviting the general public as well as the existing ICONists in hosting the meet-up. By providing Freezer's own differentiated system to ICONist, Freezer will give ICONists a strong motivation to participate in policy review and proposal. Also, Freezer will create liquidity through the loan/repayment system, and an environment that can support the ICON Ecosystem in the long run.
2. Motivation of the proposal
Since the ICON project came to the world, ICON has been very impressive. Like the first commercialized blockchain, ICON not only introduced the blockchain to the world, devised and developed a highly-accepted ICON Ecosystem, but also gave people a vision and planted dreams about the future of blockchain through marketing activities that inform people about the ICON.
The Freezer team estimates that the ICON Foundation is already doing well enough. However, in order to materialize and realize the ideal blockchain, more dApp projects should be released in addition to the ICON foundation's operations, and ICONists’ active participation is needed to vitalize the ICON Ecosystem. Our Freezer Team is hoping that the ICON Ecosystem will develop and evolve further and we want to join the future that ICON dreams. Therefore, the Freezer Team is going to be a member of the ICON Ecosystem with P-Rep to lead the ICON Ecosystem in a more developmental and positive direction with the ICON Foundation, ICONists and other P-Reps.
3. Execution plan of the proposal
Freezer Team is preparing to launch the web-based freezer service in November to showcase its differentiated system, and ICONists who support Freezer experience various services on the Freezer website, and they can more easily and actively participate in the ICON Ecosystem.
4. Expected timeline of the proposal
2019.09 P-Rep Election
2019.11 Freezer System Launch
2019.12 P-Rep Activation
2020.01 Freezer Loan/Repayment System Beta Launch
Expected Network Information