The ICON Foundation reportedly disclosed details related to its plan of introducing an interoperability incentive program for 200 million ICX – nearly $200 million. 

Specifically, the foundation reportedly offers assistance for the development of the ICON network – the top public aggregator chain in South Korea. 

The foundation further shared its expectations of this program to offer incentivisation for the ICON community and its partner networks to adopt ICON’s Blockchain Transmission Protocol (BTP).

The incentive program reportedly has a primary target of completing the distribution of a maximum of 200 million ICX tokens within a period of half a decade, primarily funded by the ICX reserve allocation raised during the 2017 token sale. 

ICON reportedly has an intention of reeling in different development teams in other ecosystems to dive into BTP’s cross-chain communication opportunities.

Most of the proceeds will reportedly be dedicated to building new high-quality use cases for the BTP technology, while a share of it will be channeled towards incentivizing the long-term adoption of BTP within current protocols and communities. 

BTP integration is reportedly in the design process with a variety of blockchains, nominally Binance Smart Chain, Polkadot, Kusama, Moonriver, Astar Network, Edgeware, Acala, NEAR and Harmony. 

ICON reportedly believed that its incentive program is the first ever fund exclusively devoted to interoperability. Min Kim, the founder of the ICON Project, shared that the target is “not to fragment existing development communities,” but instead to introduce more collaboration opportunities between them within the layer-two ecosystem.

“We’re confident that once users and developers interact with BTP, they’ll recognize the value of a chain-agnostic, scalable and uniquely secure protocol. This incentive fund will give the market the “nudge” it needs in order to start the snowball of adoption.” Scott Smiley, head of strategy at ICON Foundation further revealed that security and decentralization are not the only two aspects spearheading adoption.