ICON Guide Star Progress and Transparency Report
We went live with our P-Rep node in the last week of February, 2020 and were placed 107 on the P-Rep list. Since then we have come a long way over the past 2 months-achieved goals, reached new heights and enhanced our skills. Currently, we stand at position 100 on the P-Rep list and we need your votes and support to grow the ICON cause. We’d like to take this opportunity to outline our present position as to how we are performing as a node.
About the team
We are a team of 2 people working on the various marketing and day to day management activities. In addition to this we have further 2 members of the team who are part time language consultants predominantly helping us out with translation and content writing activities. As we progress, we intend to grow the team by bringing in talent across the board to add value.
Progress report
✓ Social Media coverage report: We have created social media accounts to raise awareness about ICON and these handles are being used for various marketing activities to promote the cause.
- Facebook
▹ 7 posts outlining why we have chosen the Indian subcontinent as our area of focus to promote ICON.
▹ 1 Medium article related to the above. This post has been promoted on facebook (paid marketing) and managed to reach a vast audience of 5k+ within 2 days. This article has generated significant interest and the post has had 1.2k likes so far.
▹ We have started creating and posting content to support our choice of Hindi as the preferred language to promote ICON in the Indian subcontinent. So far we have posted 1 visual, and several others are upcoming over the next week.
- Twitter
▹ The above mentioned contents (7 posts and 1 medium article) has been posted on Twitter and this has generated significant user interaction and interest.
▹ In addition to this, we have posted further 5 visuals to support our choice of language.
▹ This has led to 40.2k impressions via our Twitter handle.
- Medium
▹ 1 article posted demonstrating why we are focussed on the Indian subcontinent. As mentioned above, this article has been shared via our Twitter and Facebook handles and has been viewed 68 times.
- Instagram
▹ We have posted 8 selected visuals on Instagram.
✓Collaborations: We have collaborated with @ICXcomics and have delivered via Twitter the first translated (in Hindi) visual comic showing benefits of staking ICX.
Wallets
- Node wallet to receive rewards :
hx135d9c1b6ad2b7750f153d1649b676f8625e470c
- Wallet to hold ICX (transferred from Node wallet) :
hx8c60056dc9a087b9a621ad217be3c7915351bf9a
Finances
Currently we are running at a loss and planning our way forward. As it stands we don’t intend to withdraw any ICX in lieu of our time and effort for the next 6 months.
As of today, we have received 62,751 votes overall and this translates to a projected income of approx 562.5 ICX per month, however this will be lost if our P Rep node slips any further beyond our current position (100).
Furthermore, as per latest version of IISS 3.0 (IISS 3.0 is the latest version of ICON Incentives Scoring System) we are required to put in a bond of 5% of our vote allocation to be able to continue to claim our rewards, which equates to 3137.55 ICX (5% of 62,751 votes).
- We deposited 2104 ICX to our Node wallet, which is used for :
✓Rewards distribution (P-Rep rewards)
✓Node set up charges
- Expenses incurred in ICX towards Node registration and Node set up consultation :
- Expenses incurred in GBP towards server running costs and logo creation :
- Income in ICX from P-Rep Node rewards till 30th April 2020
- Currently we are running at a Net Loss
Closing statement
Thank you for reading our transparency report. As we continue to live by ICON principles we need your support and votes.
For any queries, please feel to contact us from any of our social media accounts.
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