1. Proposal introduction (What)

-NewEconoLabs (NEL) would like to join the ICON Network and become one of the P-REPs that help maintain the network. NewEconoLabs(NEL) is one of the largest blockchain communities in China, with nearly 10,000 members of the community. Most of the community members are in WeChat groups, QQ groups, Telegram groups and Twitter. NEL has extensive experience in the blockchain explorer, wallet, smart contract compiler, debugger, decentralized exchanges and more. In the technical community, we operate a blockchain developer QQ group of more than 1,000 people. We also built a Chinese version of the NEL Technology Forum (https://bbs.neldev.net/) to answer various technical issues encountered by blockchain developers. At the same time, we also organized a series of offline open courses on blockchain technology development. In the field of blockchain gaming, we held the a blockchain game development competition last year. In addition, we are developing the DAICO project FutureDAO (http://futuredao.io) to provide financing and governance for creative projects. The project uses the concept of continuous crowdfunding to reduce the financing costs of startups, provides investors with a mechanism to exit at any time, and use the DAO concept to provide investors with control over the use of funds and helps avoid ICO scams. Future DAO involves the stable coin of the public chain and on-chain governance. We believe that it will play an important role in promoting the ecosystem development of the public blockchain. Through years of development and operation of blockchain projects, NEL has accumulated extensive experience in operating public chain nodes and developing various projects for the public chain ecology. We believe that NEL can make an important contribution to the development of the ICON ecosystem.

2. Motivation of the proposal (Why)

- The NEL team consists of a group of young people who are passionate about the blockchain. We have always kept in mind our mission and constantly develop various blockchain projects to promote the development and prosperity of the blockchain ecosystem. We work hard towards our mission: make blockchain closer to people. We hope to leverage our resources and years of experience in the blockchain to contribute to ICON ecosystem prosperity and contribute valuable projects to ICON's ecosystem.

3. Execution plan of the proposal (How)

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The NEL community has extensive experience in the development of blockchain technology.

1. Based on the node maintenance, we can further develop ICON blockchain explorer, wallet, etc.

2. We could develop FutureDAO project based on ICON, which will enrich the ICON ecosystem.

3. Based on ICON, we could develop liquidity protocol-based exchange and the decentralized exchange which is based on the constant product market maker model.

4. Expected timeline of the proposal (When)

- Once we have established an official contact with the ICON team, we can discuss the specific project development plans.