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ICON Blockchain Network Launches ICONFi, A New Crypto Staking-and-Earn Service Built for Beginners

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IconFi launch

ICONFi makes it easier than ever to grow your digital asset investments starting with ICX, BTC, ETH, and USDT

Singapore — November 23, 2020 at 7 am EST —  The ICON blockchain network, one of the world’s largest decentralized networks, today announced ICONFi (https://icon-fi.com/), a new cryptocurrency staking-and-earn service built for beginners. ICONFi introduces easy-to-use features like one-click staking and automated re-staking to make it easier than ever for people to grow their digital asset investments. The service supports ICX, BTC, ETH, and USDT, with plans to add new cryptocurrencies in the future based on demand.

For many crypto users, decentralized wallets are challenging to operate properly, resulting in the loss of private keys or passwords and ultimately the loss of funds. This can deter people from the crypto ecosystem altogether. ICONFi was designed to solve this problem with a simple, secure, low-friction service for helping users stake and grow their digital asset investments. ICONFi is a hassle-free, all-in-one wallet that integrates services designed to grow digital assets of all kinds, allowing beginners to get involved with crypto yield products and services.

“Our goal with ICONFi is to create a more inclusive and diverse ICON community by bringing clear benefits to crypto beginners,” said Min Kim, ICON Project Founder. “We believe ICONFi can be the gateway to other DeFi products like decentralized wallets, as well as an entry point for the ICON ecosystem and blockchain technology as a whole.”

Key features of ICONFi include: 

  1. One-Click Staking for Rewards. This feature simplifies the staking process, and helps ICX holders vote more easily.

  2. Auto ICX Claiming and Re-Staking for More Rewards. Many users are frustrated with the process of manually claiming and re-staking their digital assets. This highly requested feature automates the process to accelerate staking, and helps to further secure the ICON network.

  3. Staking and Earn Support for Additional Digital Assets. ICONFi will support savings products for digital assets outside of the network, starting with BTC, ETH, and USDT. Support for additional cryptocurrencies will be based on community interest.

ICONFi is led by Min Kim, Founder of the ICON Project, and Sean Kim, a seasoned expert in financial products and underlying trading systems. The ICONFi team currently consists of fifteen (15) members with extensive background in quantitative trading, asset management, business operations and blockchain technology.

The service will open in December 2020. At launch, ICONFi will offer a 20% APY fixed-term product on select crypto asset deposits.

ABOUT ICONFi

ICONFi (https://icon-fi.com/), a cryptocurrency staking and earn service. ICONFi provides a simple solution for staking ICON’s cryptocurrency, ICX, and allows users to earn yields on other assets including BTC, ETH, and USDT. ICONFi helps crypto newcomers grow their investments with a simple, secure, low-friction service. ICONFi’s features include one-click staking for rewards and automated claiming and re-staking.

Company Contact: support@icon-fi.com

Media Contact: Transform Group, icon@transformgroup.com

IconFi IconFi

Press Release

ICON Launches Decentralized Autonomous Grant Program, Allocating 1 Million ICX to Innovative Blockchain Projects

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ICON Staking icx new updates

The ICON Contribution Proposal System delivers a streamlined, transparent, open-source approach to funding projects on the ICON network

ZUG — February 26, 2021 —  ICON (www.icon.foundation), one of the world’s largest decentralized networks, today announced the launch of its decentralized autonomous grant program to support innovative blockchain projects. Initially, ICON will fund the program with 250,000 ICX (over $400,000 USD), but by June 2021 up to 1 million ICX will be managed by P-Reps (Validators) and funded through ongoing block rewards.  The ICON Contribution Proposal System delivers a streamlined, transparent approach to funding projects on the ICON network. It is fully open source and designed to support both internal projects, such as community building initiatives, infrastructure projects, and developer tools; as well as to provide bootstrapping to for-profit projects built on ICON.

“Blockchain development has made tremendous strides over the past year, and our community grant program provided significant funding to support this growth on the ICON network,” said Min Kim, ICON Project Founder. “This decentralized autonomous grant program is a way to support a range of projects, including community-building initiatives, nonprofit infrastructure projects, developer tools, educational resources and much more.”

The new ICON Contribution Proposal System replaces its Grant Program, creating a more transparent, streamlined system for funding projects on the network. Here’s how it works:

  1. Projects submit their proposals and select a Sponsor P-Rep to vouch for their proposal during a 15-day Application Period.

  2. During a 15-day Voting Period, P-Reps who have registered to manage the Contribution Proposal System will vote on proposals.

  3. Approved proposals will receive funding in monthly installments to support their projects. Their Sponsor P-Rep will receive a monthly reward for supporting the project.

  4. Approved projects will be asked to share a monthly progress report to continue receiving funding. P-Reps will review the monthly progress reports, and can discontinue funding for projects that are not progressing sufficiently.

The Contribution Proposal System owned and operated by the ICON Network itself and fully open source, so that community members can propose amendments. Any changes to the system will occur through ICON’s Network Proposal process. This release also strengthens the core responsibilities of Public Representatives, or P-Reps, the title given to consensus and governance block validators on the ICON Network. They are required, at minimum, to operate a node and participate in voting for proposals that are submitted. A detailed walkthrough of how to use the CPS, as both an ICONist and a P-Rep, can be found here.

“The ICON Foundation and the iBriz-Iconosphere P-Rep teams relied on community feedback to create a robust framework and design to fund innovation in our ecosystem,” said Ricky Dodds, Strategy and Communications Lead at ICON. “We look forward to seeing the ICON Project turn into a fully functioning DAO with many projects funded through this system.”

At launch, the ICON Foundation will allocate all of its block rewards into the Contribution Proposal Fund on a regular basis. After migrating to ICON 2.0 later this year, it will be funded directly through network inflation.

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CryptoSpace

Best of the Best YouTube Channels to Follow for your Crypto Fix

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Best Crypto Youtubers

There are literally 100s of crypto-experts on YouTube who claim to have cracked the secret code that can make you millions in crypto riches. 

Who should you follow?  

We have followed many YouTubers, subscribing and unsubscribing to avoid the noise and after having been in this space for over 4 years, we have narrowed our favorite crypto YouTube channels to just a few.

In this article, we will show you our favorite YouTubers and what we like about each one of them. 

Overall number 1: Coin Bureau

coin bureau When it comes to deep analysis, composed demeanor and outright professional crypto channel in the entire space, we have not come across anyone better than Guy.  

Not only is he great at the reviews and in depth analysis, if you have followed the channel long enough you will realize that he reviews the gems long before others pick on the momentum.  

He picks solid projects, never shills a shitty project to his followers and is upfront about his views which he backs up with solid research.

This is the best no-shill and no bull crypto channel on YouTube in our view.

Best original content: Chico Crypto

chico crypto review

If you love a bit of quirky, goofy and somewhat out there viewpoints on the crypto space then there is no one better than Tyler at Chico Crypto. 

His investigation stretches the boundaries of research (and sometimes common sense) but he does do a bang up job on every video.  

I am yet to come across a boring video on this channel.  I will admit that his live streams can be a drag sometimes but his followers seem to relish his presence.

You may not like or agree with what Tyler presents on this channel but you will absolutely be floored by the originality.   

Best TA: TIED: Crypto Capital Venture & Tyler S

                         Crypto Capital Venture Tyler S crypto

With under 90K subscribers at the time of this writing, Dan may not be the most popular of the Crypto channels [yet] but his TA analysis is just so easy to follow.

Dan makes it easy for non-technical folks to understand what’s going on in the market in the language of TA.

There are other folks on YouTube who are good at TA but their videos are so obnoxious that they leave you with a massive headache.  

Not Dan’s Crypto Capital Venture channel.   Dan walks you through the markets in such a calm, composed and professional manner that you might start caring about those candles.

We are forced to share the Best Title for crypto TA on YouTube with Tyler S. 

Tyler’s expertise on TAs is quite awesome and he has a funny way of delivering it too.  

Best expertise on the markets: Alessio Rastani

Allesio RastaniIt doesn’t matter if you are just lurking around the crypto markets or if you trade in the traditional markets…Alessio is one of the best guys on YouTube for great insights into the broad market and its impact on Crypto.

While everyone on YouTube (not the people on this list, of course) is either quick to FOMO or FUD, Alessio is just grounded in fundamentals and technicals.

When you are high on FOMO, he can bring you to the ground.

When you are getting buried in FUD, he can lift you up with facts, not false hopium.

Alessio is personable, professional and an honest guy to follow to understand the markets ahead of others.

Best round up of the market: AltCoin Daily

Altcoin DailyWant to stay up-to-date on what’s happening in the crypto space but don’t have time to keep up?  

Fear not. AltCoin Daily got you covered.

This channel is just a gem among the channels that bring crypto market updates in a concise and palatable format.

You can sense the dedication in the way Austin brings the updates and his opinions in front of his audience. No wonder the channel has recently hit over 420K subscribers.

Best humble and honest take: Crazy 4 Cryptos

Crazy 4 crypto

What does Crypto mean to you?

Most people will say ‘Freedom’, yet, most of the YouTubers we see on the Tube will be broadcasting from their bedrooms or backyards (nothing wrong with that) but not Dave.

He has been in Thailand and streams his videos directly from the beach.

You will immediately connect with his simpleton style and honest reviews.  

He has been touting about Theta when it was trading in cents and now those who followed him are very happy.

Besides Theta, Dave talks about a lot of topics in terms of storing your coins, being careful with people and how to have a long-term plan in space.

Honorable mentions

Team Underground (TA)

We had too many channels to weed out for the TA category and that is why we had to pick two winners, however, Team Underground is a channel we cannot skip.

This underdog channel has been more right about the calls than any other mainstream channel. If you like your TAs and technical side of crypto – be sure to check this channel out.

BitBoy

People either love him or hate him.  There is no middle ground when it comes to BitBoy.  

Personally, we have to weed out a lot of noise while browsing through his channel since he picks a new project every few days (or weeks) and can become overwhelming. 

However, the fresh content is worth the watch.

EllioTraders

The guy behind this channel is truly vested in the space. So much so that he recently launched his own crypto project.

It’s definitely refreshing to see the YouTuber taking his expertise into a live project.  

The reason we did not list this channel on the BEST list is because of the constant feed of projects he pitches that is a bit overbearing for our taste.  

Nevertheless, a great channel and great recommendations.

Conclusion

There are 100s of YouTube channels out there but not everyone is worth your attention. We hope you found some channels of interest through this article.

Note: if we missed any gem of a channel, please let us know and we will be more than happy to add it after review.

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

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Press Release

ICON Network Expands Its DeFi Ecosystem with Orbit Bridge Integration

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ICON Staking icx new updates

ICON’s Orbit Chain Integration Allows Ethereum-Based Digital Assets to Be Transferred  to the ICON Network

ICON (www.icon.foundation), one of the world’s largest decentralized networks, today announced an integration with ozys’ Orbit Bridge, allowing Ethereum-based digital assets to be transferred onto the ICON Network. Orbit Bridge is a decentralized Inter-Blockchain Communication (IBC) platform. Its interoperability protocol will help ICON expand its DeFi capabilities by connecting it to other top blockchains and their applications.

 

This integration brings more value to the ICON Network, specifically its DeFi ecosystem, by bridging assets between different blockchains and bringing more economic activity to the ICON Network. Traders can now take advantage of arbitrage opportunities, and DeFi projects built on ICON can now enable borrowing and lending of assets across different networks and bridges. Ultimately, this all leads to more transactions and more value exchange on the ICON Network.

“The Orbit Bridge integration is an exciting next step for the growth of the ICON DeFi ecosystem, and we look forward to bringing this technology to the community,” said Ricky Dodds, Strategy and Communications Lead at ICON. “As blockchain technology continues to progress, there will be a number of different ways to bridge assets between different networks. For example, we expect to see Orbit Ethereum and BTP Ethereum on ICON when ICON 2.0 launches. We look forward to our continued collaboration with the ozys team.”

Orbit Bridge is already in production with two other blockchains, making ICON the third. The integration will allow the following Ethereum-based assets to be transferred onto the ICON Network:

  • Orbit Chain – ORC

  • Ethereum – ETH

  • Tether – USDT

  • USD Coin – USDC

  • Wrapped Bitcoin – WBTC

  • MakerDAO Stablecoin – DAI

  • Ren Project – REN

  • Band Protocol – BAND

  • Ocean Protocol – OCEAN

  • Chainlink – LINK

  • OmiseGo – OMG

  • Universal Market Access – UMA

  • Loopring – LRC

  • Reserve – RSR

  • Aragon – ANT.

In addition, ICONPOOL will add liquidity pools for all 14 assets and pair them with ICX. ICON will also introduce liquidity mining programs for some tokens. ICON plans to roll out additional DeFi products in Q1 of 2021.

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