Foundry Box Media P-Rep Declarations

FOUNDRY BOX MEDIA P-REP DECLARATION

We will consistently endeavor to represent ICON in a positive, transparent and professional manner and put ICON's security, infrastructure and growth before anything else. We will consistently work to promote ICON and its communities whenever and wherever possible and re-invest the bulk of our representative rewards back into ICON and its community both responsibly and transparently.

Our Core Initatives

SECURE AND STABALIZE ICON NETWORK

One of the greatest responsibilities ICON P-Reps carry is to maintain and manage the ICON network infrastructure and we are no different. It is our top most priority to implement and manage and maintain a network node using Azure cloud computing resources and technology and to implement fail-safes, alerts and action plans to prevent network down time and maintain an exceptional level of security.

PROMOTE, MARKET AND GROW ICON NETWORK

The second most important responsibility of ICON P-Reps is to represent, promote and help grow the ICON network. We will endeavor to drive adoption, encourage growth and market the network through education, online and regional marketing campaigns, direct client interactions, social media and other methods.

DEVELOP ICON POWERED APPLICATIONS, TOOLS AND SOFTWARE

Our third initiative is to develop powerful, intuitive and useful software solutions on top of the ICON network and for the communities that use it. Additionally we will support other developers in various ways, including devoting a large portion of our reward budget to helping fund and promote organic network growth. We will endeavor to include the community in these decisions whenever applicable.

Reward Delegation Strategy

See our budgets in action in our P-Rep portal.
  • ICON Infrastructure

    Variable + 20%

    We prioritize ICON's infrastructure to the full amount of our granted rewards.

    Example: If monthly costs = 1,000 ICX, 1,200 ICX will be delegated to this fund.

  • ICON Software & Ecosystem Development

    50%*

    This budget covers the cost of ICON software development, contractors, licensing costs, hosting and network fees and other software development related expenses. Additionally, this budget will be used to cover the costs associated with ecosystem enhancement efforts including, but not limited to, participation and/or hosting of development workshops, seminars or other related events.


    * After infrastructure costs.

  • ICON Marketing, Promotion & Content Generation

    25%*

    This budget will be used to fund marketing, advertising and content generation initatives aimed at driving awareness and adoption of the ICON network and its tools, projects and participants.


    * After infrastructure costs.

  • Foundry Box Media

    25%*

    This budget covers Foundry Box Media's business operating expenses and compensation for its stakeholders, developers and coordinators.


    * After infrastructure costs.