The ICE Coin
The ICE Coin is the native cryptocurrency of the Ice Open Network (ION), functioning as the core element that powers the ecosystem. It is more than just a currency; the ICE Coin facilitates transactions, incentivizes participation, enables governance, and underpins the operations of both the blockchain and the broader decentralized applications (dApps) built within the ION ecosystem. By seamlessly integrating with ION Connect and the dApp framework, the ICE Coin drives the platform’s mission of bringing Web3 to the masses.
Total Supply and Distribution
The ICE Coin originally operated on Binance Smart Chain with a fixed total supply of 21,150,537,435.26 ICE. Following its migration to the ION Blockchain in November 2024, it transitioned to a proof-of-stake blockchain, introducing an inflation rate of 6% per year over its supply. The coin distribution is strategically allocated to balance incentives, promote innovation, and fund long-term ecosystem development.
Community Mining Allocation – 5,842,127,776.35 ICE coins – Recognizing the pivotal role of the community, half of the initial distribution is earmarked for those who actively participated in mining activities during Phase 1. This allocation is a nod to their trust, support, and contribution to the network’s foundational growth.
Mining Rewards Pool – 2,618,087,197.76 ICE coins locked for 5 years at BSC address 0xcF03ffFA7D25f803Ff2c4c5CEdCDCb1584C5b32C. This pool is used in mainnet to incentivize nodes, creators and validators.
Team Pool – 5,287,634,358.82 ICE coins locked for 5 years at BSC address 0x02749cD94f45B1ddac521981F5cc50E18CEf3ccC. This allocation serves as a testament to the relentless efforts, innovation, and dedication of the team behind ICE. It aims to incentivize and reward their unwavering commitment to the project’s vision and its continuous evolution.
DAO Pool – 3,172,580,615.29 ICE coins locked for 5 years at BSC address 0x532EFf382Adad223C0a83F3F1f7D8C60d9499a97. This pool is a reservoir of opportunities. It’s dedicated to the community, allowing them to democratically vote on and decide the best avenues for investment. Whether it’s funding a promising dApp or bolstering the network’s infrastructure, this pool ensures that the community’s voice is at the forefront of ICE’s future trajectory.
Treasury Pool – 2,115,053,743.53 ICE coins locked for 5 years at BSC address 0x8c9873C885302Ce2eE1a970498c1665a6DB3D650. The Treasury Pool is strategically designated to provide liquidity, establish exchange partnerships, launch exchange campaigns, and cover market maker fees. This pool enhances our ability to execute strategic initiatives, strengthening ICE’s position in the market.
Ecosystem Growth and Innovation Pool – 2,115,053,743.53 ICE coins locked for 5 years at BSC address 0x576fE98558147a2a54fc5f4a374d46d6d9DD0b81. This pool is dedicated to fostering innovation, supporting partnerships with third-party organizations, acquiring third-party services for development and marketing, onboarding new projects within the ION ecosystem, and collaborating with external providers to expand our reach and capabilities. It aims to drive continuous growth and innovation within the Ice Open Network.
This structured allocation ensures a balanced approach to growth, sustainability, and community empowerment.
Economic Model
The ICE Coin's economic framework is designed to support a thriving and sustainable ecosystem. A deflationary mechanism plays a central role, with a portion of revenues from activities such as transaction fees, smart contract execution, and other services burned to reduce the total circulating supply over time. This mechanism not only adds value to the remaining tokens but also aligns long-term incentives for all stakeholders. Revenue generated from the ecosystem is redistributed to support validators, developers, and the broader community, ensuring an equitable and sustainable economic structure.
Key Utilities
The ICE Coin powers the Ice Open Network in diverse and critical ways:
Transaction Fees: The ICE Coin is used for all blockchain transactions, providing low-cost, high-speed processing for all users and applications.
Smart Contract Execution: It enables the deployment and execution of smart contracts that power decentralized applications within the ecosystem.
Staking and Validator Operations: Validators secure the network by staking ICE Coins. Staking also incentivizes holders with rewards while enhancing network security.
Governance Participation: As a governance token, the ICE Coin allows holders to vote on key proposals that shape the network’s future, ensuring decentralized decision-making.
dApp Framework Integration: Developers and creators can use ICE Coins to unlock advanced features, integrate premium modules, and scale their decentralized applications seamlessly.
Monetization and Tipping: Within social and content-driven dApps, ICE Coins can be used to tip creators, unlock premium content, or participate in subscription-based services, creating new revenue streams for app owners.
Ad Network Payments: ICE Coins are central to the ION decentralized ad network, enabling businesses and creators to launch campaigns while redistributing revenue across validators, stakers, and contributors.
Node Operations: Running ION Connect nodes or validators requires staking ICE Coins, which incentivizes participants while maintaining a secure, decentralized infrastructure.
Integration Across the Ecosystem
The ICE Coin operates at the heart of a multi-faceted ecosystem. On the blockchain, it enables transactions, smart contracts, staking, and governance. Meanwhile, on ION Connect, it supports backend operations such as incentivizing node operators and ensuring the integrity of decentralized content management. By decoupling gas fees from user interactions, ION Connect ensures that users can interact with dApps without needing cryptocurrency, lowering the barriers for Web2 users transitioning to Web3.
The ICE Coin: Catalyst for Decentralized Innovation
The ICE Coin is much more than a cryptocurrency; it is the enabler of a decentralized future. With its comprehensive utility, deflationary economic model, and deep integration across the ION ecosystem, it drives the platform’s vision of making Web3 accessible, scalable, and user-centric. From powering financial transactions to incentivizing innovation, the ICE Coin is at the core of Ice Open Network’s mission to redefine the blockchain landscape.
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