ICON is an Aggregator Chain. The future is multi-chain, and ICON’s vision is to interconnect all blockchain networks using BTP technology.

ICON Foundation expressed:  The long-awaited ICON 2.0 migration is nearing completion, the iceblock chain continues to progress, and their first BTP integration target to the Moon River NW para chain, Kusama Network is also complete. Those who want a detailed understanding should check the ICON Development Roadmap Update, which was published in August 2021.

Moonriver Network is a community-led, fully Ethereum-Compatible Parachain on Kusama Network Launching mid-2021.

Kusama is a scalable multi-chain network for radical innovation and early-stage Polkadot deployments.

ICE is a Brand New Blockchain project coming to the ICON Ecosystem.

A new EVM-compatible blockchain called “ICE” is coming to ICON for those who do not know. ICE will become the application hub for the ICON Project with its own native token.

So, what does this mean for the ICX community?  First, some background. These past few years, there has been a proliferation of blockchain ecosystems throughout the industry. This explosion of growth has made them more convinced in their thesis of the multi-blockchain world where each blockchain will act as its own digital nation.

ICON will connect these “nations,” improving cross-chain trade and other activities utilizing their novel Blockchain Transmission Protocol technology (BTP) and incentivizing its growth through $ICX reserves (and the CPS).

Cross-chain liquidity is one of the largest market opportunities that exist today. DeFi has already proven out an initial use case. Now, the focus for ICON turns to the launch & the growth of the BTP ecosystem.

ICE is a new network.  It will become the application hub for the ICON ecosystem with its own native token that will be airdropped 1:1 to all ICX holders via a snapshot (announced at a later date, but likely coinciding with the ICON 2.0 launch).

Through the use of BTP, ICX will be the governance token of the ICE network. ICX will be used to vote for validators in their current network, just as it is used for validators (P-Reps).

ICX holders will transfer ICX to the ICE network via BTP, stake their ICX, vote for validators, and earn ICE tokens as rewards.  Not only does this provide an excellent early use-case of BTP, but it also increases fees earned. As mentioned in a previous post, all fees earned from BTP transactions are sent to the CPS or burned.