One of the largest blockchain ecosystems in South Korea, ICON (ICX) has announced it will be incentivizing community members to prepare for participation in the upcoming Public Representative (P-Rep) elections with a giveaway of 3 million ICX tokens.
According to the official press release that was shared with iHodl, the giveaway will take place during the pre-voting period, which will run for 30 days from August 26 to September 24.
Min Kim, the Council Member and Founder at the ICON Foundation says with the giveaway, ICON expects not just to re-distribute 3 million ICX for better decentralization and voting capabilities, but also to encourage current ICX holders and ICON community members to transfer their coins to ICONex wallet, so they "can properly stake and participate in the upcoming P-Rep elections."
Moreover, during August, the ICONexwallet will be updated with a new user interface, which will enable the voting process once it officially opens on August 26.
Earlier iHodl reported that ICON launched ‘DPASS’, a blockchain-based self-sovereign identity authentication service.
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