The ICON blockchain network, one of the largest decentralized networks in the world, has launched ICONFi, a new cryptocurrency staking and earnings service created for beginners.
ICONFi introduces easy-to-use features such as one-click staking and automated re-staking to make it easier than ever for people to increase their digital asset investments. The service supports ICX, BTC, ETH and USDT, with plans to add new cryptocurrencies in the future based on demand.
For many crypto users, decentralized wallets are difficult to function properly, resulting in the loss of private keys or passwords and, ultimately, the loss of funds. This can completely discourage people from the crypto ecosystem. ICONFi was designed to solve this problem with a simple, secure and low friction service to help users place bets and grow their investments in digital assets. ICONFi is a hassle-free all-in-one wallet that integrates services designed to grow digital assets of all kinds, allowing beginners to get involved with cryptocurrency products and services.
“Our goal with ICONFi is to create a more inclusive and diverse ICON community, bringing clear benefits to cryptocurrency beginners,” says Min Kim, founder of the ICON project. “We believe ICONFi can be the gateway to other DeFi products such as decentralized wallets, as well as an entry point for the ICON ecosystem and blockchain technology as a whole.”
The main features of ICONFi include:
• One-click stakeout for rewards. This feature simplifies the staking process and helps ICX holders to vote more easily.
• Auto ICX claim and re-staking for more rewards. Many users are frustrated with the process of claiming and re-staking their digital assets manually. This much requested feature automates the process to speed up staking and helps further secure the ICON network.
• Staking and earn support for additional digital assets. ICONFi will support digital asset savings products outside the network, starting with BTC, ETH and USDT. Support for additional cryptocurrencies will be based on community interest.
ICONFi is led by Min Kim, founder of the ICON project, and Sean Kim, an expert in financial products and underlying trading systems. The ICONFi team currently consists of fifteen (15) members with extensive experience in quantitative trading, asset management, business operations and blockchain technology.
The service will open in December 2020. At launch, ICONFi will offer a 20% APY fixed-term product on select cryptocurrency deposits.
