Key Announcements from ICON

theloop Rebranding + ICX Repurchase Program + Open Source Release Schedule

Greetings from the ICON Team,
 
Thank you for your continued support for the ICON project. We have some exciting news to share with our contributor community.


I. theloop rebrands to ICONLOOP

theloop, ICON Foundation’s main technology partner, has agreed to rebrand itself to ICONLOOP. The change will take place immediately, but will be fully reflected on the website and other marketing materials in near future.

This change demonstrates a strong and long-term commitment to the ICON project by our technology partner. In addition, the new brand is expected to unify and improve ICON’s brand positioning in Korea and the global market.

“The rebranding makes a lot of sense as we are now finally ready to push the ICON project here in Korea,” said JH Kim, CEO of ICONLOOP. “Our team is fully committed to contributing to the ICON project and servicing the ICON Foundation.”

II. $5 Million ICX Repurchase Program

The ICON Foundation council members have unanimously approved its first ICX repurchase program. The new ICX repurchase program authorizes the foundation to repurchase up to $5 million of currently circulating ICX.

ICON is a leading public blockchain project in a rapidly growing blockchain industry. Although the project is still in its infancy, we want to stay committed to creating token holder value over the long term. Moving forward, we see even greater potential for ICON as we continue to unlock new markets, partnerships, and products.

“ICX repurchase program is a great way to give back to our community as well as reinforce confidence in our own project,” said Min Kim, a ICON Foundation Council Member. “In these times of uncertainty, we want to make it clear that our interests are fully aligned with our community for the long term.”

Repurchases under the foundation’s program will be made in open market or privately negotiated transactions subject to market conditions, applicable legal requirements, and other relevant factors.

III. Open Source Release Schedule

Beginning this week, and for the next two months, we are sequentially releasing source codes and documents to our GitHub.

There will be several releases. The most important updates will provide DAPP projects the ability to run a full-scale token sale with ICX and develop basic smart contracts. In addition, we will provide smart contract versioning capabilities, a special feature that differentiates our service from others.

Scheduled releases for the next two months:

[Wallet]

ICONex Desktop :Desktop wallet for Chrome browser plugin
Feature
- ICON Wallet creation, import/export, deletion
- ICX transfer
- ETH Wallet creation, import/export, deletion
- ETH transfer
- ETH ICX Token exchange with ICON ICX
- ICX transfer linked with third party Web Applications
- Support for Ledger Nano S

Notes
- Allows third parties to develop various ICON wallets for desktops
- Smart contract call function added 
- Supports smart contract features for Web Applications

ICONex Android: Wallet app for Android
Feature
- ICON Wallet creation, Import/Export, Deletion
- ICX transfer
- ETH Wallet creation, Import/Export, Deletion
- ETH transfer
- ETH ICX Token exchange with ICON ICX

Notes
- Allows third parties to develop various ICON wallets for Android
- Smart contract call function added 
- Supports smart contract features for Android apps

ICONex iOS: Wallet app for iOS
Feature
- ICON Wallet creation, Import/Export, Deletion
- ICX transfer
- ETH Wallet creation, Import/Export, Deletion
- ETH transfer
- ETH ICX Token exchange with ICON ICX

Notes
- Allows third parties to develop various ICON wallets for iOS
- Smart contract call function added 
- Supports smart contract features for iOS apps

Nano S Integration: ICONex Desktop and Ledger Nano S HW wallet support module
Feature
- BOLOS Application
- JS Library for the application

Notes
- Tokens will be supported in the near future


[SDK]

Java SDK V3: Java-based SDK that works with ICON network
Feature
- ICON block/tx browsing
- ICX transfer
- SCORE execution

Notes
- Available to create applications that connect to ICON in a Java-based environment
- Supports SCORE execution as well as ICX transfer 
- Connects with ICON network by only using SDK, instead of implementing JSON-RPC specification directly

Python CLI: Python-based CLI tool that works with ICON network
Feature
- Wallet creation and management
- ICON block/tx browsing
- ICX transfer

Notes
- Supports CLI-based wallet creation and ICX transfer processing
- Supports CLI-based wallet balance browsing
- Available to add various CLI-based utility functions

Python SDK V2: Python-based SDK that works with ICON network
Feature
- ICON block/tx browsing
- ICX transfer

Notes
- Available to create applications that connect to ICON in a Python-based environment
- Connects with ICON network by only using SDK, instead of implementing JSON-RPC specification directly

Python SDK V3: Python-based SDK that works with ICON network
Feature
- ICON block/tx browsing
- ICX transfer
- SCORE execution

Notes
- Available to create applications that connect to ICON in a Python-based environment
- Supports SCORE execution as well as ICX transfer
- Connects with ICON network by only using SDK, instead of implementing JSON-RPC specification directly


[Service]

T-Bears: Python-based SCORE Development and Emulation Tool
Feature
- SCORE download and execution emulation
- ICX transfer emulation
- Step emulation
- SCORE deployment and execution linked with ICON network
- ICX transfer linked with ICON network
- Compatible network connection with ICON mainnet and private ICON

Notes
- SCORE development/debugging available without actual blockchain network deployment for DApp development 
- SCORE deployment available on mainnet and various ICON compatible networks
- Lint and validator features will be added in the near future


[ICON Core]

ICON Service: Module supporting ICON main functions, linked with blockchain core
Feature
- Linked with loopchain
- SCORE download and execution
- ICX transfer processing
- Step processing

Notes
- ICON main functions (including Tx propagation/validation, blockchain consensus) available
- IISS(scoring system for incentives) and governance will be supported in the near future

loopchain: Blockchain engine that supports LFT-based consensus
Feature
- Supports LFT-based consensus algorithm
- Tx prevalidate, validate, voting, commit
- Linked with ICON Service

Notes
- BTP(Blockchain Transfer Protocol) will be supported in the near future

Citizen Node: Full node that does not participate in consensus but supports all functions
Feature
- loopchain + ICON Service w/o consensus

Notes
- Provides separate instructions for Citizen node configuration, deployment, and operation


[Others]

  • IIP/IRC: standard protocol and token standard of the ICON network
  • AWS Marketplace registration: Infrastructure for SCORE development
  • Yellow Paper on fee system
  • Yellow Paper on IISS
  • Yellow Paper on ICON governance

Once again, we thank you all for your interest and support for ICON.

Thank you,

Hyperconnect the World
ICON Team

______

[ICON official community]

Homepage : https://icon.foundation
KakaoTalk : https://open.kakao.com/o/gMAFhdS
Medium (ENG post) : https://medium.com/helloiconworld
Brunch (KOR post) : https://brunch.co.kr/@helloiconworld
Reddit : https://www.reddit.com/r/helloicon/
Twitter : https://twitter.com/helloiconworld
Facebook : https://www.facebook.com/helloicon/