Icon to Giveaway $570,000 in Tokens to Promote Voting, Decentralization By Cointelegraph


Icon to Giveaway $570,000 in Tokens to Promote Voting, Decentralization

The Icon Foundation, the group behind the Icon blockchain network, is giving away 3 million ICX tokens — worth ~$570,000 — in anticipation of its upcoming Public Representative (P-Rep) elections. The giveaway will last from August 26 to September 24 for IXC token holders who opt to participate in P-Rep voting.

Icon shared news of the giveaway in a press release on Aug. 13. According to the announcement, the giveaway is an effort to promote community involvement in the so-dubbed P-Rep elections, and to advance decentralized control of the network.

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