ICON — it’s not just BTP.
ICON Foundation product and strategy guy TJ Hunt took to Twitter on Thursday to remind people that BTP’s importance to the future of the ICON ecosystem notwithstanding, ICX is “sneakily gaining more utility” through the network’s application layer.
Or put in plain English, people are actually using ICON to do, like, stuff. Stuff that requires ICX.
TJ writes:
“ICON offers a growing DeFi & NFT ecosystem for users to generate yield, purchase collectibles and interact with their fellow community members.”
We listed some of those DeFi and NFT platforms in a recent post. And while he didn’t mention it, ICON has the beginning of a pretty decent gaming ecosystem (especially with upcoming projects like SPERA), and inroads into the metaverse are being made.
What apparently gets TJ really excited is what’s coming down the pipe in the CPS, ICON’s decentralized growth engine.
Posting a spreadsheet with a complete list of CPS projects, he declares:
“No “dead” ecosystem can boast these stats:
– 42 complete/in-progress projects
– 554,054 $ICX allocated
– 574,320 $bnUSD allocated“
Here are the proposals currently up for a vote, including ones from Craft and SuperNode Racing.
Best of all, says TJ, is that we’re just getting started. Major improvements are coming to the CPS in the near future, including developments to the proposal UX, landing page/console UI, tokenomics and ICX->bnUSD optimization.
TJ adds that the CPS team is exploring “waitlisting” and “prioritization” mechanisms to manage the huge demand for CPS funding.
Personally, what really excites me about ICON is that we’ve got a presidential election in South Korea in March, with both major party candidates espousing relatively crypto-friendly views. If the elected government embraces crypto — and the financial bureaucracy goes along with it — we could see more and bigger opportunities to put the public chain to work in South Korea, both in the private and public sectors.
