This article was first published on Hello ICON World - Medium
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ICON Monthly Grant Update — November 2020
Six New Grant Approvals and Migration to Contribution Proposal System
Greetings ICONists,
We are very pleased to approve another 6 grants in November capping off a successful ICON Community Grant program. The 6 grants consist of many exciting initiatives including community building/marketing, an NFT marketplace, and more applications of $ICX.
Last December, the ICON Foundation announced the ICON Community Grant Program and since then, we have proudly funded more than 45 projects that have directly benefited the ICON community. At that time we stated, “this program will operate until the CPS is fully developed and implemented on the ICON Network.” Now, we’re excited to say that time has come.
Starting in December, the current ICON Community Grant Program will transition to the Contribution Proposal System (CPS), a decentralized on-chain grant program collectively managed by the Public Representatives (“P-Reps”) of the ICON network and the Foundation will launch a new ICON Foundation Grant Program which you can read more about here.
As always, we continue to be encouraged by the community’s commitment and participation in the grant process and hope to continue helping entrepreneurs and dedicated ICONists on their endeavors through both the CPS and the ICON Foundation program.
Below is a recap of this month’s approved grants. Please check them out and support your fellow ICONists!
$ICX Lossless Lottery
The Stakin team released the first version of the Staking Lossless Lottery Dapp about 2 months ago, which can be accessed at https://lottery.stakin.com/. These 2 months have been an opportunity to measure the performance of the Dapp and gather feedback for future enhancements. During the initial month, the Dapp generated the below KPIs:
- 305 unique participants
- 751 transactions
- $ICX 8,356 in rewards across 6 draws (including $ICX 7,800 in sponsored rewards so far)
- $ICX 50,000+ in value locked in ...
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Hello ICON World - Medium
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