(MENAFN- News Direct) New York | March 24, 2023 02:44 AM Eastern Daylight Time
New York, March 24,2023 ( 500newswire ) - - The official launch of ice network , a decentralized social crypto project with the goal of fostering community, trust, and transparency in the financial system, has been set for April 4, 2023, at 04:04 GMT+4. Ice Network seeks to transform the world of decentralized networks and digital currencies with a distinctive combination of features and guiding ideas.
The incentive system that honors users who contribute to the expansion and development of the network is one of ice Network's primary characteristics. In contrast to previous crypto currency projects, ice Network compensates users who actively participate in the network with cutting-edge features like Slashing, Day Off, Bonuses, and Resurrection.
Slashing is a special characteristic of ice Network that distinguishes it from other cryptocurrency projects. A user will eventually lose coins from their balance through progressive slashing if they are inactive and do not start a new mining session by hitting the ice logo button. The user will forfeit any coins acquired during the previous 30 days of action during the first 30 days of idleness. Hourly proration will apply to this loss. The user will forfeit any leftover coins in their balance from day 31 through day 60 of inactivity. However, any lost coins will be added back to the balance if the user starts a fresh mining session and elects to activate the resurrection option. The resurrection option will no longer be available and all earned coins will be lost if the user does not log into the application for two months.
Building micro communities and mining simultaneously with others they have invited to the network and their friends' friends are another way that ice Network pays its users (Tier 2 users).
Another distinctive element that distinguishes the ice Network from other cryptocurrency initiatives is its governance structure. The project's future is decided by the community, including how money should be allocated and which validators should be admitted to the network.
ice Network is entirely open-source and places a high value on trust and openness. On April 4th, 2023, everyone interested in the project can download it via the App Store, Play Store, and Huawei AppGallery.
"Without spending any money, we think that independence may be attained through trust and patience alone. In order to uphold these ideals and provide our users with a fair and rewarding platform, ice Network was founded "a representative for ice Network stated.
ice Network welcomes everyone to join its expanding community and anticipates reaching over 1 million users in the first month.
About ice Network:
ice is the newest digital currency you can mine for free using your phone. Be a part of a decentralized community where everyday users like yourself, mine, own, and operate the currency. Be a part of the icenetwork by getting the app now and join the ice movement! ice will be officially available for download on Apr 4, 2023
Learn more about ice Network at icenetwork , twitter and youtube .
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