BiKi Exchange will be partnered with ICON and will implement strategies to expand ICON’s reach beyond Korean markets to other Asian markets especially in Chinese markets.
Co-founder of ICON, Mr. Min Kim, expressed his delight at the partnership with BiKi Exchange, “BiKi is a leading exchange in a very important market and we’re very excited to partner with them as we expand our growing ecosystem. We look forward to collaborating significantly as we increase our reach globally and as BiKi expands into Korea.”
Interoperability and OnChain Governance Platform
ICON Project is a third generation layer one DPoS smart contract platform that is focused on interoperability and onchain governance. Launched in 2017, the network is governed by over 110 nodes spread across more than 35 different countries. The novel IISS (ICON Incentive Scoring System) drives ICON’s unique ‘Delegated Proof of Contribution’ design, which rewards contribution and incentivizes growth. Propelling ICON to world recognition, this technology has set a benchmark in the industry.
An Outstanding Ecosystem
With an ecosystem that boasts governments, multinational corporations and startups, not to mention some of the most popular D’Apps in the industry, ICON powers decentralized ID (DID) products such as VisitMe and Broof, and also DAOs like ICON Vote and ICONbet. The ICON network also includes other decentralized blockchain communities like STAYGE and SOMESING, respectively a K-Pop global fan community and the first global karaoke service built on blockchain.
The core blockchain engine, Loopchain, that powers ICON, is developed by ICONLOOP. As one of the leading enterprise blockchain solutions in Korea, it is considered the standard blockchain platform for the Seoul Metro Government. It powers MyID, the leading decentralized identity (DID) consortium in Korea. This consortium includes an alliance of more than fifty companies and organizations including Shinhan Bank and Samsung Electronics.
ICON Boosts Higher Staking Rewards for Voters
A governance and utility token, ICX is used to power the ICON Network. As a 3rd generation DPoS network, when compared with other layer one smart contract platforms, ICON features increase scalability and throughput. Moreover, it runs on the same core technology that powers many enterprise and government services.
Several features make ICX stand out from their competitors. One is their onchain governance which is driven by proposals that comes from a network of validators within the ICON community.
Another is their Contribution Proposal Fund which incentivizes growth and contribution. This is operated as a decentralized autonomous grant system and funded through network resources.
Lastly, their unique IISS design provides voters and representatives with attractive rewards for their contribution. At present, their staking reward for voters is 17% per annum with a real yield of 9%, which makes it the highest amongst peers in the market.
Launch of LFT 2.0
In the coming weeks, ICON will be launching LFT 2.0. This is a next-generation BFT (Byzantine Fault Tolerant) consensus algorithm that has improved upon the existing LFT (Loop Fault Tolerance) algorithm. Version 2.0 can achieve high performance, improve latency and transactions per second (TPS). More announcements on the launch will be posted on ICON’s channels.
With the ICON listing, BiKi.com has boarded yet another premium project for its users. Its community-driven initiatives will definitely continue to garner loyalty and support from its platform users and community members.
Headquartered in Singapore, BiKi.com is a global cryptocurrency exchange ranked Top 20 on CoinMarketCap. BiKi.com provides a digital assets platform for trading more than 150 cryptocurrencies and 280 trading pairs. BiKi.com is focused on providing the safest, most stable and most effective cryptocurrency trading platform. 100% of the transaction fees are used in buyback and burning of platform token, BIKI. Since its official opening in August 2018, BiKi.com is considered one of the fastest-growing cryptocurrency exchanges in the world with an accumulated 2 million registered users, 200,000 daily active users, over 2,000 community partners and 200,000 community members. BiKi.com has received investments from Huobi co-founder Du Jun, Genesis Capital Zhu Huai Yang, FBG Capital, ChainUP and others totaling approximately 10 million USD.