<h1>Icon Foundation Prepares For Network Upgrade With $570K Giveaway</h1>


icon-foundation-prepares-for-network-upgrade-with-570k-giveaway

The Icon Foundation is preparing to turn its network into a delegated proof-of-stake system that will see ICX coin holders and a group of 100 representatives become a governing mechanism dubbed ICONSENSUS. As part of the soon-to-be upgrade, the Icon Foundation is giving away $570,000 of ICX coins to encourage new users to sign up for the pre-voting period where the 100 representatives will be elected.