ICON Verification on the Messari Disclosures Registry

We’d like to submit a grant application for getting ICON on the Messari Disclosures Registry, which creates a living repository of accurate coverage and up-to-date project information. We recently passed our first community vote, leading to Melon renewing its Registry participation status for two years. We hope to start working together to bring more transparency to the industry, including better data on everything ICON.

1. Title

Messari Disclosures Registry

2. Project Description

Our Registry aims to be a single source of truth for basic cryptoasset information. Participating projects are voluntarily disclosing basic information about their token design, supply details, technology audits, official communication channels, and relevant team members, investors, and advisors. These profiles can then be freely accessed industry-wide, providing a reliable and standardized resource to industry participants.

The Registry is the first open disclosures platform that allows projects to quickly and reliably communicate material updates to their communities and external stakeholders through a single, standardized interface. Messari validates project data and provides free access to disclosures via an open API that allows third-party services to rally around one universal cryptoasset disclosures library.

Audience Size:

Users: 100,000+ MAUs

Twitter Followers: 120,000+ (messaricrypto, onchainfx, twobitidiot)

Email Distribution List: 20,000+

Distribution Partners: Blockfolio, Coinbase, Coinmarketcal, Luno, OnChainFX, Quadency, and other leading exchanges, custodians, funds, and information platforms.

About Messari:

Messari’s mission is to promote transparency and smarter decision-making in the crypto economy. The company provides curated insights, markets data, and research tools that help investors, regulators, and the general public make sense of this revolutionary new asset class.

3. Project Category

Development

The primary product included in this offering is the initial creation and ongoing maintenance of an ICON Asset Page on the Messari platform that is continuously refined and updated via a collaboration between the ICON Foundation and a dedicated Messari research analyst.

All information included in the asset page is freely available to the ICON community (and other third parties) via an open API that they can integrate into ICON dedicated wallets, blockexplorers or other platforms.

Community Activities

Opportunities for ICON to engage with the Messari community through:

  • Announcement press release shared on Messari’s newsfeed & Twitter
  • Telegram AMA in the Messari dedicated group
  • Senior Member of ICON Foundation podcast recording with Ryan Selkis to dig into the inner workings of the project
  • Interactive analyst calls with the Messari Research team and Icon Foundation
  • Expo booth at our inaugural virtual event, The Mainnet

4. Project Duration & Milestones

This process typically takes 2-6 weeks, but the overall timeline would be greatly dependent on the ICON Foundation’s responsiveness.

Onboarding milestones include:

  • Complete the data application with necessary disclosures
  • Respond to validator questions or concerns

5. Value for ICON

Registry participation acts as a single source for all stakeholders with third party validation, which also leads to simplification of exchange/wallet diligence. We have partnered with a number of platforms to facilitate their token onboarding diligence such as Switcheo (publicly announced) as well as a number of top 10 global exchanges, custodians, and wallets in a confidential manner. ICON can also engage directly with the market through Messari’s official channels to help educate the broader community on the nuances of what ICON is building. These channels include our newsfeed, newsletter, podcast, and Telegram group where we conduct project AMAs.

Above all else, participation pushes the entire crypto ecosystem towards transparency and healthy growth.

6. Funding Amount Requested

All projects participating in the Registry pay the same price ($10,000 annually) for the same product to ensure full standardization and transparency on the platform, but to be more flexible while we finalize the future structure with third party validators, this can be paid either once annually or in parts semi-annually or quarterly in USD, BTC, or ETH.

7. Official Team Name

Messari

8. Team Contact Information

Ben O’Neill

Email: ben at messari .io

Thank you, and we look forward to partnering with ICON to promote transparency in this space.

Initial Review Result Comments

Review Result

Approve

Review Comments

ICON Foundation supports the idea of transparency in this industry and is excited to participate in the Messari Registry. Please reach out to Ricky Dodds (ricky@icon.foundation) for next steps. However, we only pay in ICX for grant proposals.

Next Procedure

ICON Foundation will provide the Final Review Result Comments.

Aweseom, thanks @BongAnHa!