ICON's consensus algorithm "Delegated Proof of Contribution" is an innovative governance model which provides the fair and stable rewards for the contributors regardless of market fluctuation thanks to its bottom-up pricing, and creates various business opportunities for its P-REPs (Block Producers and Validators). It also seeks a hybrid governance model in which on-chain and off-chain governance works harmoniously.

1. ICONSENSUS
VOTE, SPREAD, DISRUPT
Introduction forPublic Representative
ofICONNetwork

2. ICONSENSUS for P-Rep Candidates 2 .
I. Public Representative
What is a Public Representative?
Manage the ICON Network Govern the ICON Network
Produce and verify blocks Vote on monetary policy, network
upgrades, governance changes, etc.
Protect the ICON Network Nurture the ICON Network
Keep the ICON Network secure through
maintaining high cybersecurity
standards for your node
Contribute to the spread of physical
infrastructure and on-chain systems of
ICON Network
• APublicRepresentative(P-Rep)isafullnodeontheICONNetworkthatparticipateinconsensus
• Initiallytherewillbe22P-RepselectedbyICONtokenholders
• TheseP-RepswillearnrewardsandhaveasignificantresponsibilityintheICONEcosystem

3. ICONSENSUS for P-Rep Candidates 3 .
I. Public Representative
How to register as a P-Rep?
• P-RepcandidatescanparticipateinICONSENSUScampaignand pre-registerviaICON.CommunityuntilupcomingSeptember.
• P-Repcandidatesneedtosubmittheprofileanddelegateproposal,whichwillbesharedtotheICONecosystem.(Incorrectinformationissubjecttodeletion
undercontrolofthecommunity)
• P-Repcandidatescanaccessacandidate-exclusivetelegramchannelonceregisteredtoICON.Communityandbeprovidedwithfurtheradvise.Detailscanbe
foundfrom theP-Reppre-registrationguideline.
Team Info
Network
Info
Delegate
Proposal
P-Rep
Candidate
ICON.CommunityRegistration Communityinvolvement

4. ICONSENSUS for P-Rep Candidates 4 .
II. Why become a Public Representative?
Why become a P-Rep?
First-Mover AdvantageRepresentative Reward
Community Awareness and
Reputation
ICONgress Membership
1 2
3 4

5. ICONSENSUS for P-Rep Candidates 5 .
II. Why become a Public Representative?
1 Representative Reward
• P-Reps will gain Block Production and Verification Reward as well as Representative Rewards.
• The reward amount is decided based on the I_rep variable, sum of the operation cost and profit, and the P (ICX Price) variable, which reflects the
external environments.
• The value of the variables is decided as the stake-weighted average of submission by the 22 Main P-Reps through the On-Chain Governance
System.
Block Production and
Verification Reward
I_rep
P Representative Reward
• Reward for each block production and
verification
• The top 22 Main P-Reps acquire by
producing and verifying blocks
• Reward provided proportional to the
delegated amount
• The top 100 Main & Sub P-Reps acquire
the reward as a proportion of one’s
delegated amount

6. ICONSENSUS for P-Rep Candidates 6 .
II. Why become a Public Representative?
1 Representative Reward
• The table below is an example based on the initial setting value of the ICON Network. The estimated cost and profit can be found.
[자료 1] I_rep and P derivation
* Aboveis an examplestatedin the IISS Yellowpaper,and the valuesare subjectto changeby consensusamongP-Reps.
I_rep
Element Sub-element Value Explanation
Operation Cost
Server Cost $ 2,500 per month Based on AWS specification recommended by
HR Cost $ 9,500 per month 3 part-time server engineers
(monthly salary $ 2,375 )
Profit Rate 25% Estimated profit rate of a P-Rep
Total $ 15,000 per Operation Cost x (1 + Profit Rate) = $ 12,000 x
P
Element Value Explanation
Market Price of ICX $ 0.25 -

7. ICONSENSUS for P-Rep Candidates 7 .
II. Why become a Public Representative?
1 Representative Reward
• Below is an example of rewards decided by I_rep and P assuming that 20% of ICX circulation is delegated.
Scenario Type Value Explanation
If 2% of ICX circulation
delegated to a Main P-
Block Production and 30,000 ICX per month
Representative Reward 60,000 ICX per month
Total
90,000 ICX per month
(= $ 22,500)
If 3% of ICX circulation
delegated to a Main P-
Block Production and 30,000 ICX per month
Representative Reward 90,000 ICX per
Total
120,000 ICX per month
(= $ 30,000)
=
𝐼𝑟𝑒𝑝 ×
1
2
𝑃
=
15,000 ×
1
2
0.25
= 30,000
=
𝐼𝑟𝑒𝑝 ×
1
2
× 100
𝑃
× 𝐷𝑒𝑙𝑒𝑔𝑎𝑡𝑖𝑜𝑛 𝑅𝑎𝑡𝑒 =
15,000 ×
1
2
× 100
0.25
× 0.02
= 60,000
=
𝐼𝑟𝑒𝑝 ×
1
2
𝑃
=
15,000 ×
1
2
0.25
= 30,000
=
𝐼𝑟𝑒𝑝 ×
1
2
× 100
𝑃
× 𝐷𝑒𝑙𝑒𝑔𝑎𝑡𝑖𝑜𝑛 𝑅𝑎𝑡𝑒 =
15,000 ×
1
2
× 100
0.25
× 0.03
= 120,000

8. ICONSENSUS for P-Rep Candidates 8 .
II. Why become a Public Representative?
2
• ICON Network has high potential value driven by various IISS-based on-chain systems such as EEP, DBP, and Interchain
• EEP : Community activities to propose and implement projects on various topics such as network development, education, investment, community expansion, token
economy development, and earn rewards in return for carrying them out.
• DBP : DApp services will become more accessible to the users through DApp store. By incentivizing DApps with delegation rewards by their ranking, the ICON
Network will be more widely used.
• Interchain : Heterogeneous blockchains of different industries such as finance, insurance, education, and healthcare, will be connected and create synergic effect in
business expansion.
• As the fundamental component of the ICON Network, P-Reps lead the initial growth stage of the network and create various business opportunities
as the network matures
ICON Network
Block creation and validation rewards Project proposaland executionrewards DApp development rewards
EEP
Ecosystem Expansion Project
Reps
(C-Rep/P-Rep)
DBP
DApp Booster Program
INTERCHAIN
Connecting different blockchains
First-Mover Advantages

9. ICONSENSUS for P-Rep Candidates 9 .
II. Why become a Public Representative?
2 First-Mover Advantages
• As the ICON Network is in the initial stage, the genesis P-Reps can take the first-mover advantages.
• The genesis P-Reps can acquire ICX at a relatively low cost.
Network Development Delegation rate compared
circulation (approx.)
Amount of ICX needed to receive 2% delegation
Early Stage
(Genesis)
20%
= 800,460,000 x 20% x 2%
= 3,201,840 ICX
Later Stage
(2020. 1Q ~ )
40 %
= 800,460,000 x ( 1 + 8% (circulation)) x 40% x 2%
= 6,915,974.4 ICX
[Table 2] Changes in the amount of delegation according to the network development stage

10. ICONSENSUS for P-Rep Candidates 10 .
Asia
62%
Europe
20%
Americas
14%
Others
4% *ICONistsareallaroundtheworld(thefiguresaboveareestimates)
II. Whybecome a PublicRepresentative?
3 Community Awarenessand Reputation
• TheICONCommunityhasaround180,000membersworldwide,andP-Repswillearnhighrecognitionandreputationwithinthecommunity.
• ICONFoundationandICON.CommunitywillsupportpromotionoftheP-Repcandidatesthroughvariousonlinechannelssuchasmedium,Twitter,andopencommunity.
• P-Repswillbeinvitedtomeet-upshostedbytheICONCommunityandseekvariousnetworking&businessopportunities.
• P-RepscandevelopnewDApp,platformbusinessopportunitiesbyleveragingthecommunitynetwork.

11. ICONSENSUS for P-Rep Candidates 11 .
II. Why become a Public Representative?
3
Twitter 121,348
Facebook 8,213
Kakao Talk 1,674
Brunch 402
Telegram 20,315
Reddit 23,471
Medium 7,362
Total 182,785
• ICON Network has around 180,000 community fans, including Twitter, Facebook, Reddit, and Telegram. There are about 10,000 individual accounts
on the ICON Network.
• P-Reps can acquire their recognition and earn reputation more than anyone else.
+ 10,000
User Account
Community Awareness and Reputation

12. ICONSENSUS for P-Rep Candidates 12 .
• ICONgressisanoff-chaingovernancebodywhereP-Reps,C-Reps,DApps,EEPcontributors,blockchainexpertsandICONmembersdiscussaboutthelong-termstrategyandgovernanceoftheICONNetwork,technology
standards,andinteroperabilityofdifferentchains.
• ICONgressmemberscancollaboratewithkeystakeholdersoftheICONNetworkandcreateavarietyofbusinessopportunities.
Internal
External
ICONgresscomplementstheon-chaingovernanceoftheICONNetwork
• Developamidtolong-termstrategyofICONNetwork
• Hold aregularofflinemeetingforICONNetwork
ICONgresswillexpandtheentireblockchainindustrythroughactivecooperationwithotherblockchainnetwork
• Technologystandardization
• Interoperability
• Security
• Datagovernance
ICONgressRole ICONgressmembers
• P-Reps
• C-Reps
• DAPPs
• EEPs (EcosystemExpansion Projects)
• ExternalExperts
- ICONAdvisors
- Academia
- IndustryPartners
- PublicOrganizations
- SelectedICONists
4
II. Whybecome a PublicRepresentative?
P-RepsaremembersofICONgress

13. ICONSENSUS for P-Rep Candidates 13 .
Roadmap Description Timeline
ICONSENSUS
1st
Announcement
A brief introductionaboutthe campaign wasannounced. Dec 2018
2nd
Announcement
Thecommencement of theP-RepPre-registrationhasbeenofficiallyannounced.The slogan,storyof the campaignand the
meaningof ICONSENSUS will be delivered.
Mid-Jan2019
P-Rep
Pre-registration
Pre-registrationof P-Repcandidatesstartsin off-chainenvironment.Candidatesmustsubmitteam introductionand delegate
proposalto be registered.Candidateswhoparticipatein P-RepPre-registrationwillbenefitfrom the communitiesin a varietyof
ways.
Mid-Jan2019~ Sep2019
P-Rep
On-Chain
Registration&
Election
A blockchainelection,a cornerstoneof decentralization,begins. ICONistscan vote forthecandidatesby delegatingtheirstake.
Once certaincircumstancesare reached,theICON Networkwill befullyoperatedbythe P-Reps.
Sep2019
The Genesis
P-RepSummit
During the genesisP-RepSummit, the birthof GenesisP-Repsaswellas
commencement of thedecentralizedICON Networkwill bedeclared. 4Q 2019
III. Timeline
Timeline

14. ICONSENSUS for P-Rep Candidates 14 .
Description Minimum Specifications RecommendedSpecifications
Instance Type C5.9xlarge C5.18xlarge
CPU Model Intel(R)Xeon(R)Platinum8124MCPU @ 3.00GHz Intel(R)Xeon(R)Platinum8124MCPU @ 3.00GHz
vCPU (core) 36 72
RAM 72G 144G
Disk 500GNVMe SSD(EBS Bandwidth4.5 Gbps) 1000GNVMe SSD( EBS Bandwidth9 Gbps)
Network 10 Gbps 10 Gbps
IV. Appendix
Tech Spec
• TheserverspecificationisrecommendedbytheICONFoundation,finalspecificationmaydifferdependingonnetworkconditions
• AmazonWebService(AWS)

15. ICONSENSUS for P-Rep Candidates 15 .
IV. Appendix
Tech Spec
Description Minimum Specifications Recommended Specifications
CPU Model Intel(R) Xeon 6150 CPU @2.70GHz 18Core * 2CPU Intel(R) Xeon 6150 CPU @2.70GHz 18Core * 4CPU
Memory 64G 128G
Disk
Usable 1TB
500G SSD x 4 (Raid 1+0)
Usable 2TB
1TB NVMe x 2 (Raid 1)
Network 1 Gbps 10 Gbps
• The serverspecificationis recommendedby the ICON Foundation,finalspecificationmay differdependingon network conditions
• On-Premise

16. ICONSENSUS for P-Rep Candidates 16 .
1.Whatis'P-RepPre-registration’?
- The registration period is divided into two stages: 'P-Rep Pre-registration' and 'P-Rep On-Chain Registration'. During 'P-Rep Pre-registration', candidates can register in off-chain environment via
ICON.Community and receive various benefits. This stage will last until September 2019.
2.Whatis'P-RepOn-ChainRegistration’?
- 'P-Rep On-Chain Registration' will begin in 4Q. At that time, P-Rep candidates will need to submit basic information (P-Rep name, team introduction, e-mail, URL) and node information (Node IP,
Node Port) on the ICON Network to be registered.
3.WhatarethetermsofbecomingaP-Rep?
- There is no minimum requirement to register as a P-Rep. However, in order to become a Main P-Rep who can create and verify blocks, one must be delegated with at least 0.2%of the total ICX
circulation volume.
- The ranking will be updated every 24 hours to guarantee sufficient time for P-Reps to propose governance policy.
4.Whendoestheelectionend?
- The election will effectively conclude as the 22ndP-Rep gets elected. ICON network will move into its first phase of decentralization,operated by the Genesis P-Reps.
5.DoIhavetostakeICXtorunasaP-Repcandidate?
- A minimal amount of P-Rep registration fee is needed but extra ICX staking is not required.
IV. Appendix
FAQ

17. THANK YOU.