Network Proposal Details"ICON Incentive Scoring System (IISS) 3.0 Proposal"

ICON Incentive Scoring System (IISS) 3.0 Proposal
Text Proposal
Proposal Result: SUCCESS
Proposer: ICON Foundation
Total Votes For: 17
Total Votes Against: 0
Total Votes Abstained: 5
Proposal Details

Since the inception of Delegated Proof of Contribution, the goal of IISS has always been to incentivize the behaviors we wanted to see: Active involvement in governance, rewarding those that contribute most to the network, and giving people another reason to buy/hold ICX.

While there have been some success stories with the current IISS design, ultimately there is always room for improvement. One of the most exciting features of the ICON Public blockchain is its ability to remain flexible, with clearly defined governance rules from the start to prevent contentious chain forks.

Issues that have become apparent include vote buying attempts, voter apathy/stagnancy, excessive competition leading to emotionally charged infighting and instability in the social media communities, excessive advertising/self-promotion in the public channels, a lack of clear incentives to collaborate vs compete, and a lack of direct rewards for direct contributions. We believe the adjustments mentioned in this proposal will significantly mitigate the negative impact of the aforementioned issues.

Such adjustments include a 5% minimum bond requirement to be posted by all P-Reps, the creation of the Contribution Proposal Fund, the removal of the B1 block production reward, an allocation to the Contribution Proposal fund from all P-Reps, slashing penalties for a lack of active on-chain governance, and a feature to allow P-Reps the option to stop additional delegation.

Voting Details
P-Rep Transaction Vote Date
ICON Foundation 0xf2431b29771e6c1a9ac222990945bea25c24c6e8dfccdb5b20f7de270e8b6e31 For 4/23/2020 7:16:40 AM
ICX_Station 0x40c397d33b6ec9379fc74785ec5d31c994447289ba41e4a2e4dc05935b2561f5 For 4/23/2020 7:20:56 AM
VELIC 0x0a357f61854353d756f83a86bb1f992072389acaed7bb9ecfece25cc38c9e209 For 4/23/2020 8:00:26 AM
ICONation N/A Abstained N/A
Ubik Capital 0x77aa2a3f51b46794dc15e9615adc72dd37129f88a9c7d581066bb0ea697d6de7 For 4/23/2020 7:39:15 AM
RHIZOME 0xfb6e9029bb20fcf73a849305a27408c8095a2919e4864c09e0fe9985f424dc82 For 4/23/2020 11:41:23 AM
ICON Hyperconnect 0x4389704e0f11c85b4a769e9dde07c56529567430f4541219ea5e503392a51e82 For 4/23/2020 8:12:46 AM
Symmetry SLC 0xb1d341768dadf14c4a8b7628ed12e6a1a7dd98efeff6f2e8a5b767f2aa81d3c5 For 4/23/2020 12:59:59 PM
Stakin 0x6943b3c7836e18c84f7b11db24cd47c42b619f41034df11d3b2214660514f610 For 4/23/2020 7:29:30 AM
Mineable 0x19912fbe485caac7e8467750b19642ac796d6b58221c77b3146e97afea12665a For 4/23/2020 7:22:36 AM
weBloc asia 0x6e4de51f4231004d108e2044b7a8e8d881effe4f79749ec65f1741dd499374a8 For 4/23/2020 8:14:07 AM
ICON DAO 0x1a5e7f24f38d38eaacd90d19d4c919568d901920060cef19e9f57393979cb564 For 4/23/2020 10:58:59 AM
Everstake 0xd950deb2636a66c1e99cfe99e86a5e2c579e196cfda7b9eb61a6248c8a4e0ecc For 4/23/2020 12:45:11 PM
ReliantNode 0xc3bf5fdee3839b15739dc01b4f36035d031b85ef92a0a6b2b55f056ebc046d25 For 4/23/2020 7:24:18 AM
iBriz - ICONOsphere N/A Abstained N/A
block42 0x64496c6e8adec6f5081e81977eac51ab36357d40612da9d6132e66b3d33cc0e9 For 4/23/2020 12:15:24 PM
ICONVIET N/A Abstained N/A
PARROT9 0x4e1695361f09bfdd2e27026a79c8fe01e8c493c9899b5fbbe68734ceca61f4b5 For 4/23/2020 10:13:54 AM
Citadel.one N/A Abstained N/A
Blockmove N/A Abstained N/A
Catalyst 0x744a6fd91f2ab2dba49fa1d4e72aa5785c9b08cea9408c439efa1a71fbd08080 For 4/23/2020 8:12:30 AM
Signal9 0xfb01d972504a27317bcc52cc416e8d76508eac0f953f532ccc53580573f9e8f2 For 4/23/2020 12:17:14 PM
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