Greetings ICONists,

The ICON Foundation is happy to announce its strategic partnership with ‘Chain Partners’, a blockchain fintech company.

With this partnership, ICON and Chain Partners will discuss the listing of ICX and tokens of ICON DApps (Decentralized Applications) on Chain Partners’ cryptocurrency exchange; DAYBIT. DAYBIT is the world’s first crypto exchange developed in Elixir, a next-generation functional language based on Erlang. This allows for enormous amounts of transactions to be completed at a fast pace. This move is expected to help vitalize the ICON’s DApp ecosystem by providing a high-performance cryptocurrency distribution channel to both ICON and ICON DApps.

Chain Partners will also actively provide support for ICON and ICON DApps in using the Chain Partners OTC (Over-The-Counter) service. It is expected that the cryptocurrency liquidity of ICON and ICON DApps will be greatly improved through using this service.

Additionally, ICON and Chain Partners are also planning to work together on the integration of ICX into Coinduck, a cryptocurrency payment service provided by Chain Partners. Once this integration is complete, ICX will be available for payment at both online and offline businesses affiliated with Coinduck.

Min Kim, Council Member of the ICON Foundation stated: “This partnership is the first step towards cooperating with Chain Partners to take the lead in creating a healthy blockchain ecosystem beyond the vitalization of the ICON’s DApp ecosystem. ICON will expand the cooperation with Chain Partners, which is becoming a global blockchain fintech company, to various sectors in the future.”

Charles Pyo, CEO of Chain Partners said: “The success of a blockchain platform is affected by the performance of the tokens issued by its DApps. Chain Partners will contribute to the vitalization of the ICON ecosystem with our capabilities ranging from the development of tokens to the listing, payment, and OTC.”

Meanwhile, Chain Partners will join the ICONSENSUS P-Rep (Public Representative) election for the ICON network as a candidate. Twenty-two P-Reps elected via an on-chain election in the upcoming September will have the distributed responsibility of preserving the ICON Network, producing and verifying blocks, validating transactions, and proposing and voting on network policy changes.