I. theloop rebrands to ICONLOOP

theloop, ICON Foundation’s main technology partner, has agreed to rebrand itself to ICONLOOP. The change will take place immediately, but will be fully reflected on the website and other marketing materials in near future.

This change demonstrates a strong and long-term commitment to the ICON project by our technology partner. In addition, the new brand is expected to unify and improve ICON’s brand positioning in Korea and the global market.

“The rebranding makes a lot of sense as we are now finally ready to push the ICON project here in Korea,” said JH Kim, CEO of ICONLOOP. “Our team is fully committed to contributing to the ICON project and servicing the ICON Foundation.”

II. $5 Million ICX Repurchase Program

The ICON Foundation council members have unanimously approved its first ICX repurchase program. The new ICX repurchase program authorizes the foundation to repurchase up to $5 million of currently circulating ICX.

ICON is a leading public blockchain project in a rapidly growing blockchain industry. Although the project is still in its infancy, we want to stay committed to creating token holder value over the long term. Moving forward, we see even greater potential for ICON as we continue to unlock new markets, partnerships, and products.

“ICX repurchase program is a great way to give back to our community as well as reinforce confidence in our own project,” said Min Kim, a ICON Foundation Council Member. “In these times of uncertainty, we want to make it clear that our interests are fully aligned with our community for the long term.”

Repurchases under the foundation’s program will be made in open market or privately negotiated transactions subject to market conditions, applicable legal requirements, and other relevant factors.

III. Open Source Release Schedule

Beginning this week, and for the next two months, we are sequentially releasing source codes and documents to our GitHub.

There will be several releases. The most important updates will provide DAPP projects the ability to run a full-scale token sale with ICX and develop basic smart contracts. In addition, we will provide smart contract versioning capabilities, a special feature that differentiates our service from others.

Scheduled releases for the next two months:

[Wallet]

ICONex Desktop :Desktop wallet for Chrome browser plugin

Feature

- ICON Wallet creation, import/export, deletion

- ICX transfer

- ETH Wallet creation, import/export, deletion

- ETH transfer

- ETH ICX Token exchange with ICON ICX

- ICX transfer linked with third party Web Applications

- Support for Ledger Nano S

Notes

- Allows third parties to develop various ICON wallets for desktops

- Smart contract call function added

- Supports smart contract features for Web Applications

ICONex Android: Wallet app for Android

Feature

- ICON Wallet creation, Import/Export, Deletion

- ICX transfer

- ETH Wallet creation, Import/Export, Deletion

- ETH transfer

- ETH ICX Token exchange with ICON ICX

Notes

- Allows third parties to develop various ICON wallets for Android

- Smart contract call function added

- Supports smart contract features for Android apps

ICONex iOS: Wallet app for iOS

Feature

- ICON Wallet creation, Import/Export, Deletion

- ICX transfer

- ETH Wallet creation, Import/Export, Deletion

- ETH transfer

- ETH ICX Token exchange with ICON ICX

Notes

- Allows third parties to develop various ICON wallets for iOS

- Smart contract call function added

- Supports smart contract features for iOS apps

Nano S Integration: ICONex Desktop and Ledger Nano S HW wallet support module

Feature

- BOLOS Application

- JS Library for the application

Notes

- Tokens will be supported in the near future