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Icon Foundation Prepares For Network Upgrade With $570K Giveaway

August 13, 2019 4:22 PM

The Icon Foundation is preparing to turn its network into a delegated proof-of-stake system that will see ICX coin holders and a group of 100 representatives become a governing mechanism dubbed ICONSENSUS. As part of the soon-to-be upgrade, the Icon Foundation is giving away $570,000 of ICX coins to encourage new users to sign up for the pre-voting period where the 100 representatives will be elected.

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