Updated Version of the ICONSENSUS Introduction fo ICON "P-Rep" whos mission will be to block and validate blocks in ICON network.

1. ICONSENSUS
VOTE, SPREAD, DISRUPT
Introduction tothe Public Representative
in theICONNetwork

2. ICONSENSUS for P-Rep Candidates 2 .
0. Summary
Register Now!
 BecomeaPublicRepresentative(P-Rep)oftheICONNetwork!
• Top22ofthe100P-Reps,calledtheMainP-Reps,canproduceandverify
blocks,aswellasparticipateinthenetworkgovernance
• ElectedbyreceivingstakesthroughthevotesofICONists
• ICON.Communitycurrentlyholdingpre-registration
• P-RepPreRegistration:~2019.09
• P-RepOn-chainRegistrationandelection:2019.09~
 4AdvantagesofbecomingaP-Rep
• Produceandverifyblocks,aswellasreceiverepresentativeawards
• ParticipateingovernanceoftheICONNetwork
• Gaincommunityreputation
• BepartoftheICONgressandcreatenewopportunities
P-Rep candidate
P-Rep Pre Registration
(~2019.09)
P-Rep On-Chain Registration and Election
(2019.09 ~)
Sep, 2019
P-Rep
Representative
Reward
Governance
Participation
Community
Recognition
ICONgress
Membership

3. ICONSENSUS for P-Rep Candidates 3 .
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 Grow the ICON Network
Keep the ICON Network secure through
maintaining high cybersecurity
standards for your node
Spread the impact of the ICON Network throug
h on-chain and off-chain activities
• APublicRepresentative(P-Rep)isafullnodeontheICONNetworkthatparticipatesinconsensusandgovernance
• P-Repconsistsofthetop22MainP-Repsandtheother78SubP-Reps,andareselectedthroughavotingprocedurebyICONists
• TheseP-RepswillearnrewardsandhavefollowingresponsibilitieswithintheICONEcosystem

4. ICONSENSUS for P-Rep Candidates 4 .
I. Public Representative
How to register as a P-Rep?
• P-RepcandidatescanparticipateintheICONSENSUScampaignand pre-registerviaICON.Communityuntil September2019
• P-Repcandidatesneedtosubmitadelegateproposal,whichwillbesharedtotheICONecosystem.(Incorrectinformationissubjecttodeletionatthediscretionof
thecommunity)
• P-Repcandidatescanaccessacandidate-exclusivetelegramchannelonceregisteredtoICON.Community.DetailsonregistrationcanbefoundintheP-Rep
pre-registrationguidelineontheICONcmMedium
Team Info
Network
Info
Delegate
Proposal
P-Rep
Candidate
ICON.CommunityRegistration Communityinvolvement

5. ICONSENSUS for P-Rep Candidates 5 .
II. Why become a Public Representative?
1 Representative Reward
• Representative Rewards are given to all 100 P-Reps according to their delegated stakes
• Block Production and Verification Rewards are given to the top 22 Main P-Reps through block production and verification
• The reward amount is decided as the stake-weighted average of the submissions by the 22 Main P-Reps through the On-Chain Governance
System
Block Production and Verification Reward
Representative Reward
Main
P-Rep
Main
P-Rep
Main
P-Rep
Sub
P-Rep
... Sub
P-Rep
Sub
P-Rep
Sub
P-Rep
Sub
P-Rep
22 Main P-Reps 78 Sub P-Reps

6. ICONSENSUS for P-Rep Candidates 6 .
II. Why become a Public Representative?
1 Representative Reward
• The size of the Representative Reward is decided through the I_rep variable (combination of the operation costs and profits), and the P (ICX Price)
variable, which reflects the external economy.
• The chart below is an example based on the ICON Network basic figures. Estimated costs and profits are as follows.
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 $ 1,400 per month Based on AWS specification recommended by
HR Cost $ 10,600 per Based on 3 part-time members
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
• The estimated reward size, based on the I_rep and P, are as shown below.
Scenario Type Value Explanation
If 1% of ICX circulation
delegated to a Main P-
Block Production and 30,000 ICX per month
Representative Reward 30,000 ICX per month
Total
60,000 ICX per month
(= $ 15,000)
If 2% of ICX circulation
delegated to a Main P-
Block Production and 30,000 ICX per month
Representative Reward 60,000 ICX per
Total
90,000 ICX per month
(= $ 22,500)
=
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
× 0.01
= 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

8. ICONSENSUS for P-Rep Candidates 8 .
II. Why become a Public Representative?
2
• The ICON Network has high growth potential based on various on-chain governance and incentive systems
• Representative Election : P-Reps, the representatives of the entire ICON network and C-Reps, the representatives of each community network are selected through
on-chain election
• Ecosystem Expansion Project : Community members propose and implement projects and activities that contribute to ecosystem expansion
• DApp Booster Program : DApps on the ICON Network will receive a portion of the block rewards based on their ranking of DApp service
• P-Reps will play a major role within the network:
• Participate in on-chain governance decisions by submitting governance variables and network proposals
• Perform off-chain governance activities including network upgrades, developer and contributor cultivation
• Given the fact that network is yet in the early stage, the “Genesis P-Reps” will be entitled to a greater portion of rewards
ICON Network
Governance Participation and Decision Making
Block creation and validation Project proposaland execution DApps ranking & reward
EEP
Ecosystem Expansion Project
DBP
DApp Booster Program
C-Rep
Community Representative
Interchainof heterogeneouschains
P-Rep
Public Representative

9. ICONSENSUS for P-Rep Candidates 9 .
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.
+ 10,000
User Account
Community Recognition

10. ICONSENSUS for P-Rep Candidates 10 .
Asia
62%
Europe
20%
Americas
14%
Others
4% *ICONistsareallaroundtheworld(thefiguresaboveareestimates)
II. Whybecome a PublicRepresentative?
3 Community Recognition
• P-Repswillearnhighrecognitionandreputationwithinthecommunity
• ICONFoundationandICON.CommunitywillsupportpromotionoftheP-Repcandidatesthroughvariousonlinechannelssuchasmedium,Twitter,andotheropencommunities
• P-Repswillbeinvitedtomeet-upshostedbytheICONCommunityandgainvariousnetworking&businessopportunities
• P-RepscandevelopnewDAppandplatformbusinessopportunitiesbyleveragingthecommunitynetwork

11. ICONSENSUS for P-Rep Candidates 11 .
• 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?
ICONgressmembership

12. ICONSENSUS for P-Rep Candidates 12 .
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 was delivered.
Mid-Jan2019
P-Rep
Pre-registration
Pre-registrationof P-Repcandidatesstartsin off-chainenvironment.Candidatesmustsubmitteam introductionand delegate
proposalto be registered.Candidateswhoparticipatein P-RepPre-registrationwillbenefitfrom the communityin a varietyof
ways.
Mid-Jan2019~ Sep2019
P-Rep
On-Chain
Registration&
Election
The blockchainelection,a cornerstone of decentralization,begins. ICONists can vote forthe candidates by delegatingtheirstake.
Once certaincircumstancesare reached,theICON Networkwill befullyoperatedbythe P-Reps.
Sep2019
The Genesis
P-RepSummit
During the genesisP-RepSummit, the birthof GenesisP-Reps,as wellas
commencement of thedecentralizedICON Network, will be declared. 4Q 2019
III. Timeline
Timeline

13. ICONSENSUS for P-Rep Candidates 13 .
Description Minimum Specifications RecommendedSpecifications
Instance Type C5.4xlarge C5.9xlarge
CPU Model Intel(R)Xeon(R)Platinum8124MCPU @ 3.00GHz Intel(R)Xeon(R)Platinum8124MCPU @ 3.00GHz
vCPU (core) 16 36
RAM 32G 72G
Disk 500GNVMe SSD(EBS Bandwidth4.5 Gbps) 500GNVMe SSD(EBS Bandwidth4.5 Gbps)
Network 10 Gbps 10 Gbps
IV. Appendix
Tech Spec
• TheserverspecificationisrecommendedbytheICONFoundation,finalspecificationmaydifferdependingonnetworkconditions
• AmazonWebService(AWS)

14. ICONSENSUS for P-Rep Candidates 14 .
IV. Appendix
Tech Spec
Description Minimum Specifications Recommended Specifications
CPU Model Intel(R) Xeon 6150 CPU @2.70GHz 18Core * 1CPU Intel(R) Xeon 6150 CPU @2.70GHz 18Core * 2CPU
Memory 32G 64G
Disk
Usable 1TB
500G SSD x 2 (Raid 1+0)
Usable 1TB
500G SSD x 4 (Raid 1+0)
Network 1 Gbps 1 Gbps
• The serverspecificationis recommendedby the ICON Foundation,finalspecificationmay differdependingon network conditions
• On-Premise

15. ICONSENSUS for P-Rep Candidates 15 .
1.WhatisthecostofrunningaP-Repnode?
- Our current estimates show a maximum of $2,500per month for the AWS instance. However, we are actively trying to lower this number.
2.HowmuchofatimecommitmentisittorunaP-Repnode?
- This is entirely up to you! We would expect the most active candidates (responsive to community questions, hosting ICON meetups, maintaining a website, etc.) to receive more votes from the
community, however, if you are able to make it into the top 22 without much time commitment then that is all that matters.
3.WhatarethetermsofbecomingaP-Rep?
- There is no minimum requirement to register as a P-Rep, however, in order to become a Main P-Rep, that can produce and verify blocks, one must be delegated with at least 0.2%of the total ICX.
4.HowcanIdifferentiatemyselfasaP-Rep?
- We suggest becoming active members of the ICON community, being responsive to your voters, coming up with a unique value-add in your proposal, maintaining transparency, etc. Earlier P-Rep
applicants will have the opportunity to be interviewed by The ICONist (a media publication dedicated to ICON) and/or members of the ICON team to help ingratiate you into the community
5.DoIhavetostakeICXtorunasaP-Repcandidate?
- A minimal amount of P-Rep registration fee is needed but extra ICX staking is not required.
IV. Appendix
FAQ

16. THANK YOU.