#3 New member of IDA, VELIC

Steve Cho
ICON DAPP ALLIANCE
Published in
3 min readMay 8, 2020

Dear ICONists,

ICON DAPP ALLIANCE is proudly presenting a new member — VELIC!

IDA members are having a regular ZOOM meeting on every Wednesday to come up with measures to support each other and help other businesses come into the ICON ecosystem.

Weekly IDA Meeting: If you can speak Korean, you are always welcome.

In the last meeting, IDA members reached a conclusion that if IDA can have VELIC as a member, it would be a great support on future dApps of ICON issuing IRC2 tokens as they can assure the most IRC2-friendly exchange in the world, VELIC.

At the moment, weBloc has been the only dApp of ICON listed on VELIC — except VELT, VELIC token — and IDA members agreed that there should be more ICON dApp tokens on VELIC and it should be crucial to have support from VELIC in this regard.

From left: James from VELIC, Ken from SOMESING, and Steve from weBloc

There was no reason to be hesitating. IDA requested a meeting to VELIC and could have a quick meeting — VELIC, SOMESING, and weBloc teams are all in the same building with ICON in Seoul. After having a short meeting, VELIC became a new member of IDA as it has already met all the requirements to be an IDA member.

With this membership, any business who wants to build a dApp on ICON and issue IRC2-based tokens can receive the full support from IDA — marketing and advertising from weBloc, service know-how from SOEMSING, user acquisition from STAYGE, smart contract review from Signal9, and listing on exchanges from VELIC. It means IDA can provide a full support on a potential dApp of ICON as a package with all elements to build a successful dApp.

VELIC iOS Application

VELIC is the only crypto exchange in the world supporting the ICX-trading pair, making relentless efforts to advance into the next-level finance platform supporting various types of trading products including saving and Staving, VELIC’s unique staking model.

We need more incentives for businesses

IDA is expecting that it would be able to attract more businesses to join by implementing various incentive systems. Unfortunately, it is true that ICON ecosystem is still lacking in a system attracting set-up businesses to participate in and contribute to the growth of ICON ecosystem unless they decided to become a main P-Rep of ICON network using their dApps as a tool for PR. However, dApps only for boosting transactions cannot be maintained and have positive impacts on the ICON network by generating real value. IDA wants to see more and more dApp businesses with users and services — and from our own experiences, we just know better than anyone else about what is necessary to have more dApps on ICON.

IDA members will keep working together to bring out additional measures to support dApp services of ICON — we firmly believe that this would be the best way to grow the ICON ecosystem further.

Please vote for P-Rep IDA Members

weBloc Asia, Deblock with STAYGE , Signal9 have been participating in the ICON network working as Main /Sub P-Reps. We need more support from ICONists around the globe to maintain the development and operation of dApp services, which WILL eventually advance the ICON ecosystem.

If you want to learn more about IDA and its work, please stay tuned.

Thank you so much to all ICONists showing interests and support on IDA. Please do not hesitate to ask any questions to us via the contact information below.

Contact Information

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Steve Cho
ICON DAPP ALLIANCE

ICONFi Growth Lead, Blockchain Enthusiast, Tech-savvy, Communication Expert,Kor-Eng Interpreter & Translator. https://twitter.com/steve_minsoocho