Extending the ICX Giveaway and Updating the ICON Network Decentralization Plan

ICX Giveaway Extended Through October 29th

Greetings ICONists,

To improve the reliability of the ICON Network, we have made updates to our plan to achieve successful decentralization. These updates are summarized below.

1. Updating the decentralization schedule

As a result, the decentralization schedule of the ICON Network has been changed from September 24, 2019 to October 29, 2019.

  • Original schedule: Start at 05:00 UTC on the 24th of September 2019
  • Updated schedule: Start at 05:00 UTC on the 29th of October 2019

2. Extension of Pre-Voting Period

  • Original schedule: 26th August 2019 UTC 05:00–24th September 2019 UTC 05:00
  • Updated schedule: 26th August 2019 UTC 05:00–29th October 2019 UTC 05:00

3. Slashing function will be available one-month post decentralization

However, other existing penalty systems will be available. For more information on the penalty system, please check the ICON Incentive Scoring System (IISS) paper.

Thank you for your interest and understanding.


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