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Posted by / 14-Jun-2020 02:54

This is another common misconception that you’re being paid to lock a certain amount of tokens, but in fact you’re paid to provide services to the network.

Tokens aren’t exactly staked because you can never lose any during your service, unless of course you decide to attack your own network but then it is going against your own interest and will require insane amount of money (80% MNs), so in a sense this is proof of commitment.

What’s happening in reality is that people participate in an ICO for its project fundamentals as well as its potential, and in some extreme cases people participate in a pump’n’dump scheme to benefit from price manipulation.

2) Incentives offered by the network IISS (ICON Incentives Scoring System), an AI driven algorithm from DAVin CI LABS to continuously analyze relevant data on ICON Republic, with a variety of criteria such as each node’s frozen ICX, C-Rep status, ICX exchange volume etc. Incentives are provided automatically through IISS. Also note that freezing ICX (staking in ICON, which allows ICX to be deposited in the DEX reserve pool), is one of the most significant evaluation criteria of IISS.

This has been raised in our telegram group quite often recently, people are interested to find out if keeping ICX within the network will be inflationary or deflationary (ie, will there be enough incentives to keep up with potential 20% additional annual issuance).

Becoming a delegate is quite different from running a masternode, where you can simply stake and lock a certain amount of tokens to secure one.

A delegate is simply a node (user) tasked to verify transactions on the network.

As a reward, delegates will receive x amount of tokens along w transaction fees within their block.

Many of the existing projects are able to calculate precise ROI, not as an estimation, but derived from historical data.

As ICON main net is still yet to launch, any number now is really just guess work.

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Roger Ver on the other end, brings Bitcoin Cash to ICON, a C-Rep of BCH.

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