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After a brief delay in its official launch, Ice Network has finally opened its doors to users,
allowing them to mine its native ICE tokens. This cutting-edge protocol,
accessible via Android and the web lite version for IOS users, has made
impressive strides in its Phase 1 development.
Celebrating a remarkable milestone, Ice Network has
garnered over 1,000,000 users in the crypto industry. Phase 1 commencement, two
weeks ago, has already yielded positive improvements in the crypto space,
particularly about the innovative halving event.
The concept of halving involves a reduction in the mining
rate, starting at a base mining rate of 16 ice tokens per hour. The reward is
then halved based on the average daily active miners over the past seven days,
creating a dynamic and engaging mining environment.
To keep users well-informed, Ice Network recently used its
Twitter platform to share details about the second halving event. The community
well-received this move, fostering transparency and trust within the network.
Explaining Phase 1 Plans: Whitepaper and Upcoming Testnet
and
Phase 1 of the protocol has generated curiosity among
users, eager to learn more about the roadmap for future plans, including the
completion of Phase 2, which marks the launch of the mainnet. Although the
roadmap for these phases is yet to be revealed, the team has actively engaged
with the community on Twitter, addressing questions and concerns raised by
users.
An exciting revelation came from the core team, indicating
that the testnet would be unveiled during Phase 1. This unveiling will
bring Decentralized Applications (dApps) with top utilities to
enrich the Ice Network's ecosystem.
Additionally, the team confirmed that, unlike the Pi Network, Ice Network will not operate on a closed mainnet
system. Instead, they have set a firm date for the mainnet launch – October 7,
2024.
The roadmap and Whitepaper will be disclosed once the
testnet is live, aligning with the team's commitment to delivering timely
updates and maintaining open communication with the community.
Information on Max Supply
One intriguing aspect of the Ice Network lies in its unique
approach to determining the total supply of ICE coins. Influenced by factors
such as the number of registered users, active miners, and various events like
halving, bonuses, and slashing, the exact total supply will be determined once
Phase 1 is completed.
Notably, the protocol employs a slashing mechanism, which
can reduce the coin balance of users who are not actively participating. This
feature adds an element of dynamism and challenges the ability to predict the
total supply of ICE coins after Phase 1, as it heavily relies on user activity
levels.
Anticipating the community's curiosity, the team has
promised to share a comprehensive report detailing the number of coins and
pre-staking allocation for the current mining period after the Friday halving
event. This report aims to foster trust and transparency while informing the
users about their network contributions.
Team’s Preference to Remain Private
Behind the scenes, the dedicated team working on the Ice
Network has opted to remain private. Their decision is driven by the unique
nature of the crypto world, which demands a cautious approach to safeguarding
their safety and that of their families.
Despite their anonymity, the team takes pride in developing
open-source products. It emphasizes that they are not involved in selling
coins, soliciting money from users, or engaging in data-selling practices.
Furthermore, the team has explicitly stated that they will
not entertain trolls or non-productive discussions detrimental to the project.
Emphasizing the importance of constructive engagement, they invite users who
share their vision and values to be part of the thriving Ice Network community.
Promising Start in the Industry
Ice Network's Phase 1 has set the stage for a promising
future in the crypto space. With a rapidly growing user base, innovative
halving events, and a commitment to openness and transparency, the protocol
appears poised to make a lasting impact in the decentralized landscape.
As the team works diligently to achieve its goals, users
eagerly await the unveiling of the testnet and the subsequent phases, all while
building a community rooted in trust, dedication, and shared vision.
What is Ice Network:
Ice is a decentralized network with a digital currency that
users can mine for free with their mobile phones. The protocol is controlled by
a DAO, allowing users to have a say in what is being developed.
Users can join the ice network via an invitation from an
existing member to start earning & building their own micro-communities
immediately.
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