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ICON is operated under Delegated Proof of Contribution, a variation of DPoS. ICX holders are also encouraged to add value back to the ICON ecosystem by voting for public representatives that will add most value. ICX holders can receive 6 - 36% (current: 16%) reward for participating in the governance through staking and voting for Public Representatives.
Governance smart contract will track ICX holders staking, voting for Public Representatives, and claiming their voting rewards.
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