Published in


ICON: MyID App VisitMe, Beta Launch of ICON Vote, ICONLOOP signs MoU with Saramin

Biweekly update 2nd February — 16th February


Github metrics:

eveloper activity (from

Incorporating ICONLOOP’s decentralized ID (DID) protocol, VisitMe eliminates the hassle involved in visiting an office. Users can simply make reservations to visit the office using an app After confirming your name, phone number, place of work or other basic information, the service sends you an invitation through the app. The invitation includes a QR code. When you arrive at the destination, simply show the QR code to the scanner at the door. Since VisitMe’s invitation is blockchain-based, it’s virtually impossible to forge. The developers plan to officially launch the service after the Proof of Concept period.

ICONLOOP is exploring plans to connect VisitMe to the My-ID app set to launch in the first half of this year. This would require the consent of the currently 47 members of the MyID Alliance, however. One of those members, the ubiquitous hotel booking platform Yanolja, is also working on a digital ID-based solution that will use MyID to simplify the reservation and check-in experience.



This is implemented as a library. So not only blockchain but also any application which requires a byzantine fault tolerance consensus algorithm can integrate it.

For more details follow the link here

This contains an example application for easy understanding. You can run it without integration. Also it composes multiple nodes in this single app. You can simulate byzantine node actions and observe how it tolerates the actions.

The paper of LFT2 will be released soon.

Balanced is a collaborative effort between ICX Station, PARROT9, Galen Danziger of Mousebelt, and Dan Brehmer of iBriz-ICONosphere.

The goal is to create the de-facto form of payment for the ICON ecosystem through giving ICX another use case: collateral.

Balanced is a DAO. It incentivizes people to deposit their ICX as collateral and borrow tokens pegged to the value of real world assets. The first token will be the ICON Dollar, which is pegged to USD.There is no ICO and no pre-mine of tokens. Balanced contributors earn (mine) Balance Tokens, which entitle them to governance and rewards from network fees. Only Balance Token holders that actively contribute to the Balanced DAO receive these benefits.

How can you use Balanced?

  1. Leverage — Deposit ICX into Balanced, borrow ICD, then buy more crypto.
  2. Mine Balance Tokens — Deposit ICX and borrow against it to mine Balance Tokens. They represent ownership in the Balanced DAO, and include benefits like income from network fees.
  3. Make Stable Payments — Borrow ICD from Balanced, then use it to make payments without fear of the price fluctuating.
  4. Sell ICX without affecting the market — If you borrow ICD, some of your collateral is sold over time to support arbitrage traders. This keeps ICD close to its pegged value, and helps you reduce your ICX position without hurting the market.
  5. Offer liquidity on the DEX — Supply liquidity for the Balanced DEX to mine Balance Tokens and earn more ICX.
  6. Trade ICD — Trade ICON Dollars to take advantage of arbitrage opportunities.
  7. Interest Rate Arbitrage — Take advantage of the 0% interest rate to borrow ICD and sell it for an Ethereum stablecoin. Then lend it at a higher rate using the Ethereum DeFi ecosystem.

Social encounters

P-rep Governance Meeting concluded

The area of focus was a supply chain solution. They delved into the magnitude of the problem facing farmers and transport and logistics companies along the supply chain, and explored how a solution can be structured to solve the challenges.


Upcoming events

Join the very first ICON London Meet-Up!

Feb. 19, London


The main goals:

- Educating the the wider Blockchain community

- Launching DApps

- Launching real-life use cases in UK Cities

The team will be giving away 15 ICX to anyone who doesn’t already have a wallet and will show you how to stake it.

More details are here

Don’t forget to check out ICONLOOP’s upcoming event!

Feb. 20, Seoul

The blockchain development company is teaming up with the think tank Yeosijae: the Future Consensus Institute to host a discussion on the coming age of digital sovereignty.

The talk, entitled “The Three Data-Related Laws: Could They Make Our Lives Smart?”, comes as the recent passage by South Korea’s parliament of amendments to a trio of data-related laws kicks so-called “MyData” projects into high gear and ushers in an age of individual sovereignty over personal data.

The event, which will feature presentations, a panel discussion and a question-and-answer session, will examine how these developments will bring substantive changes to our lives and look at the legal issues and tensions that could result from data protection efforts.

Learn more here

Visualizing Public Blockchain: Finance, Oracle, and Interchain

March 18, Seoul


The number of transactions dynamics (information from ICON Tracker

On February 12, ICON’s native cryptocurrency ICX was trading at just under US$0.417 , up 2.80%. Against Bitcoin, however, it fell 1.71%. Trading volume was just over US$50 million, with a market trading cap of slightly over US$218 million.

On February 16, ICX was trading at US$0.365, with trading volume at over US$49 million, with a market trading cap of over US$190 million.

The price of ICX has witnessed a bit of a correction since earlier this month when it was pushing US$.60. But compared to where the cryptocurrency was at the start of January, when it was trading at US$0.11 with daily trading volume at less than US$5 million, these are good days for ICX.

One of the more curious aspects of ICX’s bull run has been the bewilderment it seems to have engendered in observers.

At Altcoin Buzz, Deepika Garg examines some of what could be behind ICX’s rise.

Reasons include:

  • ICON has some market-ready projects ready to go. And they could encourage mass-adoption of blockchain.
  • The South Korean government is promoting blockchain technology, supporting projects in a number of sectors favorable to ICON, i.e., decentralized ID.
  • Staking rewards stirring interest
  • Better marketing of the company’s achievements
  • Alliances and partnership with government and corporate entities
  • Lots of good local press in Korea.

What’s more, ICON’s technology partner, ICONLOOP, has been working hard to commercialize the “My-ID” DID solution and expand the related MyID Alliance. It has also been forming partnerships to expand the use of its blockchain-based ID services, fueling expectations that we’ll soon be seeing real-world usage of the technology.


Related articles:




ICX Station Announces the beta launch of ICON Vote

ICON Vote provides an opportunity for each P-Rep to form its own DAO, turning delegators into active participants so that the ICON ecosystem can flourish. The vision of ICON Vote goes beyond simply allowing P-Reps to propose votes to their delegators: this platform can become the standard communication medium between a P-Rep and their supporters.

With ICON Vote, P-reps better understand what their own voters want them to contribute. ICX investors can now voice their opinion to P-reps on what they want to see accomplished instead of simply voting for a P-rep.

The major benefits of ICON Vote:

  1. Utilize collective intelligence from the community.
  2. Silent majority can voice their opinion now through votes: social media can sometimes be skewed towards a specific direction based on vocal minorities and many do not like to participate in such discussions. ICON Vote can give them an outlet to voice their opinion.
  3. Great efficiency and productivity: Discussion needs to end sometimes and voting can help move conversations forward. Healthy discussions are always good, but some discussions never end, and there is no progress. As a mature community, we need to sometimes agree to disagree and put it to a vote so that we can move on to work on greater things.



MainNet Update

The following updates describe the latest improvements in each software package, which uses the following version sequence: loopchain 2.5.01, iconservice 1.6.00, rewardcalculator 1.2.1. See upgrades and fixes for information about updating to the latest release of ICON Loopchain

Loopchain 2.5.01

  • Adjusted peer loading priority
  • Modified retrieving candidate blocks
  • Fixed make requirements in Ubuntu

Loopchain 2.5.00

  • Added command line to print loopchain version and dependencies
  • Modified handshake for Citizen
  • Fixed leader complaint
  • Added Block Recovery function to delete unconfirmed blocks
  • Block structure updated to version 0.5

ICON Service 1.6.00

  • Support diverged block recovery

Reward Calculator 1.2.1

  • Fix remaining bug in the Block Recovery function
  • Update log format


Partnerships and team members

The purpose of the MoU is to increase Saramin’s customer experience and value through ICONLOOP’s blockchain certificate issuance and management service ‘broof’ and its digital identity platform ‘MyID.’ Furthermore, it will contribute and collaborate in building a more robust and vibrant blockchain-based digital ID and verification ecosystem in Korea. Pohang University of Science and Technology (POSTECH), a leading Korean university, and Korea Productivity Center are already using ‘broof’ to issue blockchain-based certificates.


Pohang University of Science and Technology (POSTECH) issues blockchain diplomas due to coronavirus.

According to a POSTECH official, it is impossible to hold a graduation ceremony on time in the aftermath of the new coronavirus. The university believes it’s no longer safe for students to congregate at a graduation ceremony.

Meanwhile, other higher education institutions also are experimenting with digital academic credentials. MIT Media Lab, for example, is building a set of tools to store and manage cryptographically signed certificates on the Bitcoin blockchain.



Decrypt: South Korean university issues blockchain diplomas due to coronavirus

ICON Seoul office tour

ICON’s new office can accommodate up to 470 people. As ICON Council member Min Kim told The Iconist in an interview last month, the team hopes the space will support the project for the next three years. The bigger confines allow ICON to host more and bigger events, too — indeed, on the day we visited, the team was hosting its first developers’ workshop of the year.

Like many tech companies, the new office embraces an open plan that encourages socialization, interaction and collaboration. You’ll find no cubicle drones here, or cubicles for that matter. Even the conference rooms are enclosed in glass to emphasize transparency. The only truly enclosed spaces are the more security sensitive departments such as the blockchain research lab.

Watch the video to check it out !

ICON P-Reps News


Beam: Updated Roadmap Release, DeFi Infrastructure, New MimbleWimble Confidential Lelantus Assets Page, Payment Proofs Explained, AMA Session

Theta Network: Highlights of AMA, Samsung is the validator, Integration with Bitmovio is live, Watch the NASA rocket launches live on the, One last video from SDC2019

IOST: AIOU’s Charity Information Disclosure Platform, Collabs with MME, Zug City Council, Crypto Valley Association and University of Zurich, Cooperation with ROAD

Æternity: Æ-ETH Swaps Are Now Available, January Tech and Ecosystem News, Æternity is in Top-50 Crypto Valley Companies, Python SDK 7.0.0 1 is out, Grant Reports, Starfleet India Deadline

Cøsmos Network: Proposal#23 passed, A statement from the ICF on recent events, Tendermint 2020 Roadmap, Binance.US to launch staking rewards for ATOM, Virgo joins INATBA, Band Protocol launches a new mainnet built with the Cosmos SDK

Ambrosus: AmberEx 3.3 Update, Q1 2020 Releases, AMA Session Planned, Ambrosus Mentioned As One Of The Major Players Operating In The Global Smart Pallet Sensors Market

Komodo: 2020 Technical Roadmap, 2019 Annual Report, Fourth Annual Notary Node Election

Crypto Regulation News: SEC’s Cryptomom Proposes Safe Harbor Framework for Token Projects, UK Revises Registration Fees For Crypto Businesses, Australian Government Issues National Blockchain Roadmap

State of Stake #13

Weekly Shortcuts: Ampleforth,, Grin, IOTA, Hedera Hashgraph

Enigma: SecretDAO, Salad 2020 Update, Open Community Call Recap, The Community Blog

Chainlink: Price Reference Data for DeFi, Integrations with ICON, BetProtocol, Alkemi, Collab with iExec

Ethereum biweekly: Ecosystem and projects’ updates, opinion and research articles

Orbs: The Korean Community Development, Davos’ Shots, Public VS Private Blockchain Costs, Orbs In GBBC’s Annual Report, February Voting Calendar

Tezos: Third Cohort Of Ecosystem Grants, Tezos Commons Year In Review, Silicon Valley Coin By Andra Capital, StakerDAO Explained, Vertalo Chooses Tezos

Polkadot: XCMP Scheme, Kusama Upgrade Bulletin, PANIC for Polkadot, Acala Platform

Beam: A Working Demo Of Lelantus, Progress On Double Doppler, The Beam Secure Bulletin Board System (SBBS), Development Overview By Alex Romanov

Theta Network: Binance launches Enterprise Validator Node, Another 100 Guardian Nodes added to the testnet, Launch AMA


ICX Station

ICX Station Announces the beta launch of ICON Vote

Ubik Capital






Social media metrics

Social media activity:






Social media dynamics:

The charts above illustrate a slight decline in the number of Telegram and Twitter followers. In general, the ICON foundation experiences an average level of social activity.

The graph above shows the dynamics of changes in the number of ICON Reddit subscribers, Twitter followers, and Facebook likes. The information is taken from

This is not financial advice.

Subscribe to particular companies’ updates by Paradigm!

Medium. Twitter. Telegram. Reddit.



Paradigm is an ecosystem that incorporates a venture fund, a research agency and an accelerator focused on crypto, DLT, neuroscience, space technologies, robotics, and biometrics — technologies that combined together will alter how we perceive reality.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store