This article was originally posted on ETHNews - an emerging provider of Ethereum and Blockchain news. They cover breaking news, announcements, information, and in-depth analyses on Ethereum, blockchain, and virtual currency developments. For more follow the link below.
The Icon Foundation is preparing to turn its network into a delegated proof-of-stake system that will see ICX coin holders and a group of 100 representatives become a governing mechanism dubbed ICONSENSUS. As part of the soon-to-be upgrade, the Icon Foundation is giving away $570,000 of ICX coins to encourage new users to sign up for the pre-voting period where the 100 representatives will be elected.
To read more from ETHNews follow this link.