What is Ice and how does it work?
Ice introduces a novel digital currency concept, enabling mining or earning directly through mobile devices.
At its core, the Ice network fosters a trusted community, continually expanding with users committed to demonstrating the sustainable value and diverse applicability of digital currencies.
To participate in the Ice network, new users require an invitation from a current member. This initiates their journey in earning Ice and establishing their micro-communities within this innovative digital ecosystem.
How is Ice earned?
To commence earning Ice, a simple daily action is required. Every 24 hours, users must tap the Ice button to initiate their daily mining session.
Collaboration enhances earnings. Mining in unison with friends amplifies the earning rate for both the individual and the group.
When a friend synchronizes their check-in with yours, both parties gain a 25% bonus to their mining rate.
Initially, the earning rate is set at 16 Ice per hour. This rate undergoes a halving event, reducing by 50%, once the first significant milestone is achieved.
Who can join Ice?
Ice welcomes participants globally, regardless of location, as long as they have an Android or iOS device.
To claim Ice coins, users must complete a verification process (KYC – Know Your Customer) by providing a valid national ID.
Even without a current national ID, users can still mine Ice. They have the opportunity to claim their earned coins once their ID is issued.
Is it possible to engage in mining on multiple devices?
Each individual is limited to registering just one device for Ice mining.
During the verification process (KYC – Know Your Customer), if multiple devices are found registered under the same identity, only the first registered device will be recognized. Additional accounts linked to the same identity will be locked to ensure adherence to this policy.
What can I do with Ice?
Phase 1 (July 7th, 2023 – October 7th, 2024) focuses on accumulation. During this period, Ice members concentrate on expanding their micro-communities and mining Ice coins, which become usable in the subsequent phase.
Ice is dedicated to providing tangible value and utility. In Phase 1, we will unveil various use cases and decentralized applications (dApps) compatible with Ice. These offerings will have practical real-world applications for community members, fostering broader acceptance and utilization of Ice coins.
Starting October 7th, 2024, in Phase 2, the Mainnet launch will enable members to use Ice for diverse transactions like sending, receiving, exchanging, and payments.
Furthermore, we are developing systems that will allow merchants to integrate Ice into their retail and e-commerce platforms, enhancing the coin’s versatility and merchant adoption.
Does Ice have any value?
The market value of Ice will be established upon the completion of Phase 1. In Phase 2, when Ice is listed on various exchanges, it will gain its market value, reflecting its economic significance and potential for trade.
Is Ice a scam?
Ice represents a genuine and substantial endeavor, backed by a skilled team of over 20 senior engineers, sociologists, and economists. This team has been diligently working on the project since January 2022.
Our commitment to transparency is evident in our open display of work on GitHub, allowing public insight into our progress and methodologies.
Significant financial resources have been allocated to develop Ice, including the employment of highly qualified senior professionals.
We are dedicated to continuously developing the ecosystem’s components to uphold and enhance the project’s value, reinforcing our commitment to the community and the project’s legitimacy.
How does Ice prevents fake accounts?
To ensure the integrity of the Ice network, we have established a partnership with Appdome, a premier security firm. Appdome’s expertise is crucial in shielding our app from a range of threats including security breaches, mobile fraud, malware, and various forms of cyber attacks.
We maintain a strict policy against fake accounts, bots, and any other malicious entities that could disrupt the app’s normal functioning. This commitment to security is a cornerstone in providing a safe, reliable environment for our users.
What are the major differences between Ice, Pi and Bee?
Governance Model: Ice distinguishes itself with a unique governance model where decision-making power is democratically distributed among all users. This approach prevents the concentration of power among a few large validators, ensuring a more balanced and equitable network evolution.
Innovative Features: Ice introduces several novel elements to its platform:
- ‘Tap in Advance’: A unique feature for user convenience.
- ‘Slashing’: A mechanism to ensure network integrity.
- ‘Day Off’: Offering flexibility in user participation.
- ‘Resurrection’: Allowing users to recover under certain conditions.
- Extra Bonuses: These are based on user activity, incentivizing engagement.
- Additional unique features enhancing the user experience.
Emphasis on Micro-Communities: A key focus of Ice is on building micro-communities. It uniquely rewards not just mining in sync with direct invites but also extends rewards to mining in conjunction with friends of friends, known as Tier 2 users. This tiered approach to community building and rewards fosters a more interconnected and expansive network.
These features collectively set Ice apart from Pi and Bee, offering a distinct and innovative approach to digital currency and community engagement.
How can I invite my friends?
To get started with Ice, you can use our special invite code: kriptomreza. Once you’re registered, you’ll receive your own referral code, enabling you to invite your friends directly from the app. This makes the process of building your Ice community both easy and enjoyable.
On the app’s team screen, you have the ability to sync your contacts. This feature lets you see who among your contacts is already a part of Ice, who you can invite, and allows you to manage your Tier 1 and Tier 2 micro-community members.
Remember, the Ice experience is enhanced when shared with friends! Be the first in your circle to offer them this opportunity. By inviting them, you all can earn more Ice together, making the journey more rewarding.
How many Ice will I earn in the next mining session?
The amount of Ice you can earn in the next mining session largely depends on two factors: the number of friends you’ve invited who are mining simultaneously with you, and any additional bonuses you might be eligible for.
Your earnings are calculated on an hourly basis and can be conveniently viewed on the home screen of the Ice app. This provides real-time insight into your mining progress and earnings.
For a more detailed estimate, you can visit the Profile screen in the app where you’ll find the Mining Calculator. This tool allows you to input various factors, like the number of friends mining with you and other relevant details, to get a more tailored estimate of your potential earnings in the upcoming mining session. This feature helps you plan and maximize your Ice mining strategy.
What happens if a bonus is awarded before the 24-hour validity period of the previous bonus expires?
In the event you receive a new bonus before your previous bonus’s 24-hour validity period expires, here’s what happens:
- Claiming the New Bonus: When you claim this new bonus, it effectively resets the bonus cycle.
- Reset of Previous Bonus: The previous bonus and its remaining time are forfeited.
- Start of New Bonus Period: The 24-hour validity period for the newly claimed bonus begins at the moment of claim.
This process ensures that only one bonus is active at a time, with each new claim resetting the 24-hour period. It’s important to consider the timing of claiming bonuses to maximize your benefits in the Ice network.
What happens if I change my phone?
If you switch to a new phone, here’s what you need to do to continue using Ice:
- Download the Ice App: First, install the Ice app on your new phone.
- Log In with Existing Credentials: Use the same email or phone number that you originally registered with to log into the Ice app on your new device.
By following these steps, you’ll seamlessly transition your Ice account to your new phone, ensuring uninterrupted access to your Ice activities and community.
Why is the mining rate reduced periodically?
The periodic reduction of the Ice mining rate, commonly referred to as “halving,” is a key strategy for maintaining the network’s stability and value. Here are the reasons behind this approach:
- Supply and Demand Balance: Halving is essential to keep the supply of Ice coins in check, ensuring that the market isn’t flooded. This balance is crucial for maintaining the coin’s worth and stability.
- Maintaining Scarcity: By reducing the availability of Ice, the network emphasizes its scarcity. Scarcity is a significant factor in value preservation, especially in the realm of digital currencies.
- Securing User Value: This process helps in safeguarding the value of Ice coins held by users. By controlling the influx of new coins, Ice aims to stabilize and potentially increase their value over time.
- Learning from Bitcoin’s Success: The concept mirrors the successful practice of Bitcoin, which undergoes halving every four years, often leading to an increase in its value. This precedent demonstrates the effectiveness of managing a digital currency’s supply.
- Rewarding Early Participation: Ice values early supporters, who have shown trust in the project from its inception. Halving acts as a reward mechanism, recognizing and benefiting those who joined the network early.
In summary, the periodic reduction in mining rate through halving is a thoughtful strategy to ensure the Ice network’s health and the sustained value of its digital currency, benefiting the community at large.
Does mining require to keep the app open all the time?
You don’t need to keep the app open constantly for mining Ice. This process is designed to be non-intrusive and resource-efficient:
- No Continuous App Use Required: Once you start a new mining session by checking in, there’s no need to keep the app open. You’re free to use your phone as usual without the app running in the background.
- Resource and Battery Friendly: Mining Ice doesn’t consume your phone’s data, processing capacity, or battery life. It’s a low-impact process that won’t interfere with your phone’s performance or drain its battery.
- Daily Check-In System: Simply open the app each day and check in to initiate your mining session. This daily action is all that’s required to keep your mining activities ongoing.
- Tap in Advance Feature: This innovative feature ensures you don’t miss out on your mining sessions. It allows for a certain flexibility, helping you maintain your mining streak without the need to constantly monitor the app.
Overall, Ice mining is designed to be a user-friendly and non-demanding process, allowing you to earn digital currency with minimal effort and no disruption to your daily phone use.
Why should I keep my push notifications active?
Activating push or email notifications in Ice offers several advantages, particularly regarding bonuses:
- Receive Timely Bonus Alerts: By keeping notifications active, you’ll be promptly informed about daily bonuses. These bonuses are periodically distributed and notifications ensure you don’t miss out.
- Immediate Bonus Claiming: Bonuses are typically available between 10:00 – 20:00. Upon receiving a notification or email, it’s crucial to claim your bonus quickly.
- Maximizing Bonus Value: The sooner you claim the bonus after the notification, the higher the reward:
- Claim within the first 15 minutes to receive the full bonus.
- Claim in the second 15-minute window to get 75% of the bonus.
- After 30 minutes, the bonus drops to 50%.
- After 45 minutes, it further reduces to 25%.
- Limited Time to Claim: The Day Bonus is only claimable within 60 minutes following the notification. This limited window emphasizes the importance of immediate action.
- Keeping notifications active ensures you stay informed and make the most of the bonuses offered to active and engaged users in the Ice community. It’s a simple yet effective way to enhance your earning potential within the app.
What is the total supply of Ice coins?
The total supply of Ice coins is dynamic and depends on various factors, making it currently undeterminable until the end of Phase 1. These factors include:
- Total Registered Users: The number of users who have registered for Ice plays a role in determining the coin supply.
- Online Miners: The activity level of miners, specifically those who are actively mining online, also impacts the total supply.
- Halving Events: Periodic halving events, which reduce the mining rate, significantly influence the total number of coins that can be mined.
- Bonuses: The distribution of bonuses, which can increase the rate of coin acquisition for users, also affects the overall coin supply.
The interaction of these elements means that the final total supply of Ice coins will only become clear once Phase 1 concludes. This approach allows for a flexible and responsive supply model that adapts to the network’s growth and activity levels.