QuintPark

The 75M ICX burn is over 5x what Shin exploited — and more than 10x what he attempted to run off with. It took five long years to bring this case to a close, but the outcome couldn’t be better. Along the way, we’ve also helped set a strong legal precedent that could benefit other crypto projects and communities in the future. As noted in our blog post, we regret not being able to share more during the proceedings — ongoing litigation comes with limits. Thank you to the community for your patience and understanding. Most importantly, with our migration to @gosodax now ahead, we can finally close this chapter and focus fully on what’s next. Let’s move forward.

$ICX powered its own Layer 1 network — which required ongoing token emissions to fund validator rewards and infrastructure. The cold truth is, most L1s today aren’t sustainable, putting pressure on both the network and the apps built on it. This needs to change. That’s one of many reasons $SODA follows a different path. We're committed to supporting @SonicLabs and the $S network in becoming secure and sustainable — because the stronger the foundation, the stronger $SODA becomes. More importantly, $SODA is a key part of a product-first stack. It powers protocol-owned liquidity and unlocks access to our Unified Liquidity Layer. Its value is driven by usage, not maintenance. Let's build! @gosodax

Polygon $POL gets @poweredbyicx treatment. It's our first chain without liquidity pools; all 100% of trades are handled by Intent Solvers. No additional NOL necessary. See where this is going? HUGE STEP! This is a one of the last pieces before we share our future plan. A few more tasks remain. Almost there. Thanks for your patience. 🙏

A Few Updates on @poweredbyicx: 1. Masterplan coming along - Finalizing contracts, undergoing legal due diligence, and further planning. 2. Week 2 of Mirai Season with @_StudioMirai and @hanawallet is in full swing and we delighted with the progress. 3. SuiVision by @blockvisionhq now features @BalancedDeFi and a verified $bnUSD listing. 4. Team at Consensus HK this week distributing Hana Wallet gift cards. Heading to ETHDenver next week! As you know, the past week was tough due to the $LIBRA incident. Sadly, it won't be the last. You can help by supporting builders behind real projects. Crypto's strength let's us vote and shape the future with our wallet. Use this power wisely.

Eventually everything will die except fee-generating protocols. At ICON, our goals are: 1. Enshrine everything. DeFi under one roof. 2. Drastically cut inflation. We're dead serious. 3. Maximize capital efficiency. Squeeze out every dollar in fees leveraging NOLs for $ICX buyback ❤️‍🔥. This is the way.