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ICON commits $200M to interoperability incentive fund -Breaking

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ICON Foundation has announced that it will launch an incentive program to promote interoperability for 200 million ICX (or approximately $200 million as of the publication). The foundation supports the development of the ICON network, South Korea’s largest public aggregator chain. The foundation said that it hopes this program will incentivize the ICON community and its partner networks to adopt ICON’s Blockchain Transmission Protocol, or BTP.

Over five years, the incentive program will distribute 200 million ICX coins. It is primarily funded from the 2017 token sale’s ICX reserve allocation. ICON intends to attract development teams in other ecosystems to explore BTP’s cross-chain communication opportunities.