October ICON Monthly Grant Recap 2020

Community Building, Project Nebula, and Cross-Chain DeFi

Greetings ICONists,

The Foundation approved another 3 grants in October consisting of community building/marketing, a (familiar) DApp, and a cross-chain DeFi protocol. We continue to be encouraged by the community’s commitment and participation in the grant process and hope to help many more entrepreneurs and dedicated ICONists in their efforts to grow our ecosystem.

Please see below for more details on the approved grants this month and keep the applications coming!

Icon Pilipinas Community Building Growth Accelerator #2

Icon Pilipinas focuses on accelerating blockchain growth in the Philippines by educating the masses and common everyday people about ICON — The major benefits and why it should be a premier blockchain project people here think about and use in the Philippines.

With the help of the first grant application approval (submitted on June 22, 2020), the Icon Pilipinas social media channels were able to grow to the following numbers:

Telegram  4,155 followers (up from 459 on June 22).

Facebook  57,283 followers (up from 53,000 on June 22).

YouTube  1,272 followers (up from 237 followers on June 22).

Twitter  2,974 (up from 408 followers on June 22).

As part of their growth strategy, the Icon Pilipinas team launched ICX News Ngayon in early July and has been consistently producing new episodes ever since. To be clear, ICON is the only topic of conversation discussed here; each week, the team picks out a key news piece related to the ICON ecosystem and breaks it down in basic terms for non-techies.

To help complement the efforts with ICX News Ngayon, the team also started featuring a new event, ICX News Ngayon Quiz Time, on their Facebook page, which also debuted in early July.

Additionally, the Icon Pilipinas team has created one of the largest and most active telegram groups in the Philippines.

KPI targets for this grant

KPI #1: Number of members in Telegram group

Current: 4,155

Target: 7,000 (after 3 months)

KPI #2: Number of YouTube subscribers

  • Current: 1,272
  • Target: 2,500 (after 3 months)

KPI #3: Number of ICON-focused promotional events (AMAs, live interviews, featured stories, raffles, ICON promotional events hosted on our social media channels, etc)

  • Current: 7
  • Target: 4–5/month (each month for the duration of grant)

KPI #4: Successful launch of the merchandise store

  • Current: Planning stages
  • Target: Community design event (after 1 month)
  • Target: Setting up logistics, website design/testing (after 2 months)
  • Target: Site launch featuring community-made designs (after 3 months)

Project Duration: 3 months.

As part of the approval process, the team must submit the Periodic Report by the timeframes below (UTC):

  • 2020/11/23 02:00 AM (UTC)
  • 2020/12/21 02:00 AM (UTC)
  • 2021/01/20 02:00 AM (UTC)

Funding Amount

The ICON Foundation is going to give out $12,000 in 3 monthly installments based on the Periodic Report. The amount of ICX will be determined and paid according to the price at 02:00 AM (UTC) on the day of payment.

  • 2020/11/24 02:00 AM (UTC) — $4,000
  • 2020/12/23 02:00 AM (UTC) — $4,000
  • 2021/01/22 02:00 AM (UTC) — $4,000

Project Nebula (NFT collectible game) 2nd Grant

Project Nebula is a space-themed collectible strategy game on the ICON blockchain. It will be released as a cross-platform browser game to ensure accessibility to the widest possible audience. The individual unique planets in Project Nebula will be non-fungible tokens (NFTs), which players can claim inside the game and trade or sell if they wish to do so. Planets come in several rarity classes — each planet will have unique designs and attributes that will determine how useful and powerful they will be in the game. The game will also include elements from the “4X” genre such as exploration, research, and resource management.

The team successfully completed the first 3 stages of the whole project with the help of ICON’s first grant (Grant Application] Project Nebula (NFT collectible game), they are now applying for an additional grant to continue working towards releasing the full game.

A significant part of the funding is planned for ordering new artwork and soundtracks for Project Nebula. Collectible art and sound pieces play an important role in creating an immersive experience for the players. The market for NFT art is currently growing at an incredible speed, which is why we really believe that having high-quality art is integral to the success of this game.

Project Duration: 5 months.

As part of the approval process, the team must submit the Periodic Report by the timeframes below (UTC):

The team must submit the Periodic Report by the timeframes below (UTC):

  • 2020/11/23 02:00 AM (UTC)
  • 2020/12/21 02:00 AM (UTC)
  • 2021/01/20 02:00 AM (UTC)
  • 2021/02/22 02:00 AM (UTC)
  • 2021/03/22 02:00 AM (UTC)

Funding Amount

The ICON Foundation is going to give out $22,800 in 5 monthly installments based on the Periodic Report. The amount of ICX will be determined and paid according to the price at 02:00 AM (UTC) on the day of payment.

  • 2020/11/24 02:00 AM (UTC) — $4,560
  • 2020/12/23 02:00 AM (UTC) — $4,560
  • 2021/01/22 02:00 AM (UTC) — $4,560
  • 2021/02/24 02:00 AM (UTC) — $4,560
  • 2021/03/24 02:00 AM (UTC) — $4,560

Unifi Protocol on ICON — Cross Chain DeFi Protocol

Unifi is a next-generation DeFi project taking advantage of tokenized rewards to provide a more efficient and rewarding experience. Unifi will provide a bridge to connect the existing DeFi token economies on other blockchains such as Ethereum, TRON, Ontology, and Harmony to the emerging token market on ICON.

The Unifi Protocol is a group of non-custodial, interoperable, decentralized, and multi-chain smart contracts providing the building blocks for the next generation of DeFi development, focusing on building a community-driven ecosystem of governance and innovative DeFi products.

The Unifi Protocol is currently live on Tron and Ontology with its flagship platform, uTrade. The ICON community can view the existing user interface and see an example of the Unifi Protocol use

Project Milestones :

  1. Deployment of SEED on ICON mainnet
  2. Deployment of Unifi Protocol (uTrade) on testnest with working alpha interface
  3. Launch of Unifi Protocol (uTrade) on mainnet

Project duration: 2 months.

As part of the approval process, the team must submit the Periodic Report by the timeframes below (UTC):

The team must submit the Periodic Report by the timeframes below (UTC):

  • 2020/11/15 02:00 AM (UTC)
  • 2020/11/31 02:00 AM (UTC)

Funding Amount

The ICON Foundation is going to give out $25,000 in 2 monthly installments based on the Periodic Report. The amount of ICX will be determined and paid according to the price at 02:00 AM (UTC) on the day of payment.

  • 2020/11/16 02:00 AM (UTC) — $12,500
  • 2020/12/01 02:00 AM (UTC) — $12,500

Thank you,

ICON Foundation

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