ICON Foundation Secures Grant from Stellar - May 2024

May 06, 2024

“With our strategic direction now clearly defined, our team is laser-focused on realizing our vision. This clarity allows me to leverage my strengths in sales—engaging with fund managers, exchanges, and fellow founders who are keen to learn about ICON's innovative path forward. The interest we've garnered, exemplified by the recent Stellar grant, and previously by the Algorand grant, highlights the broader intrigue in our projects. The grants themselves are less significant than the growing attention we're attracting from industry peers such as the Avalanche and Injective teams. This is only the beginning.
One may not fully understand yet the potential and completely grasp the concept of Balanced enshrinement, but what is increasingly evident is that it is executed in a way that no one has ever seen before. We have created a very intricate system comprising of a lot of moving parts with an exchange with NOL, we have bnUSD, and all the development that is going on with Hana wallet, I am confident that Balanced will continue to carve out a distinct and innovative path, setting us apart from the competition.”

What’s Trending

👉 Foundation receives grant from Stellar to integrate Balanced.

👉 Network adds $INJ to Network Owned Liquidity (NOL) portfolio.

👉 Balanced supports $INJ.

👉 NOL surpasses $1mn and the ICX burn passes 55k.

👉 Network adds $BNB to NOL.

Dev Update: Improved Timelines for Blockchain Integrations

The main focus in April was to accelerate progress on the key integrations for March. With significant strides made in the Central Relay implementation, ICON GMP 2.1 deployment, SUI integration, Stellar development, and Balanced’s deployment on Ethereum, May is shaping up to be an exciting month. Read on to find out more about these developments and the latest status of Balanced smart contract launches on a number of networks.

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