ICE NETWORK KYC 3 (70) QUESTION & ANSWERS
ICE MINING KYC 3
1. On what network will the ice distribution take place?
✅ BNB Smart chain
2. How can users earn ice on the ice network?
✅ By checking in every 24hrs
3. What is the staking concept similar to?
✅ Depositing money in the bank
4. What block chain technology does the ice project use for it's concensus mechanism known for it's speed, security and scalability?
✅ Proof of stake (POS)
5. What is the primary goal of the ice network?
✅ To build a decentralized ecosystem
6. What is the role of validators in the ice network governance and operation?
✅ Validators are tasked with maintaining the networks security and availability.
7. What is the main advantage of ice being an open source project?
✅ it promotes transparency and allow everyone to review the project code.
8. How can a user restore lost coin due to inactivity in the ice project?
✅ By initiating a new check in session and choosing the resurrection option
9. How many times can you benefit from the resurrection option in the ice project?
✅ once
10. What make ice unique in the concept of crypto mining
✅ it allows users to mine without using their phones resources, data and battery
11. During phase 1 of the ice project, how much can users increase their mining rate through pre-staking?
✅ 250%
12. What happens to the coins of users who become inactive in the ice project?
✅ They are gradually lost through progressive slashing
13. When are users notified about the availability of extra bonuses in the ice project?
✅ Between 10:00 -20:00
14. How is the pre stake bonus in the ice project rewarded to users
✅ By increasing their mining rate
15. Does mining in the ice network requires keeping the app open all the time
✅ No mining doesn't consume any phone resources
16. How does ice project aim to demonstrate the value and reliability of its digital coin to gain wider acceptance
✅ By binding trust with owners and users
17. How does the ice project encourage trust and social connection among its users?
✅ By offering bonuses based on referrals and network activity
18. What information can you find on the team screen in the ice project app
✅ The current check-in activity of your referrals
19. What distinguishes the ice network from other mining method
✅ It reward those who actively build micro-communities
20. What happens after you use all the accumulated days off in the ice project
✅ You automatically enter the slashing mode
21. What factor determines the total supply of ice coins
✅ Multiple factors including total registered users, online miners, halving events, and bonuses
22. How long is the staking period for users who close to pre stake their ice in preparation for the main net releases
✅ Up to 5 years
23. How often will BNB smart chain distribution occur in the ice network
✅ Monthly
24. What is the Ice Network’s approach to governance?
✅ Decentralized, community-driven governance.
25. What does the term halving refer to in the cryptocurrency industry?
✅ The process of reducing the issuance rate of new coins.
26. What is the you and your Tier 1 friends receive when mining together?
✅ 25% bonus
27. What type of bonus do you receive for friends referred by you (Tier 1) and those referred by your friends (Tier 2) in the Ice project?
✅ 25% for Tier 1 and 5% for Tier
28. Why did the Ice project team feel the need to create a new cryptocurrency?
✅ To create a transparent, fair, and accessible cryptocurrency.
29. How are Validators selected and reelected in the Ice network?
✅ Validators are elected by the community and must be reelected every two years.
30. What factors determine the total supply of Ice coins?
✅ Multiple factors, including total registered users, online miners, halving events, and bonuses.
31. In the Ice project, what is the purpose of the resurrection feature?
✅ To restore all slashed coins after a period of inactivity.
32. What is the primary role of the Ecosystem Growth and Innovation Pool Fund in the Ice network?
✅ To foster innovation and expand the ecosystem.
33. What is the primary focus of the Treasury Fund in the Ice network’s financial ecosystem?
✅ Supporting research and development efforts.
34. What sets Ice apart from other cryptocurrencies in terms of mining?
✅ Ice mining requires zero energy processing power,and battery life.
35. How can a user restore a lost coin due to inactivity in the Ice project?
✅ By initiating a new check-in session and choosing the resurrection option
36. What is the method for users to invite their friends to join their team on Ice?
✅ By sharing their referral code from the app.
37. What bonus do you and your Tier 1 friends receive when mining collectively?
✅ 25% Bonus
38. What steps are involved in completing KYC Step #1 within the Ice network?
✅ Face recognition and liveness detection.
40. How does the Ice project foster trust and social bonds among its user base?
✅ By offering bonuses based on referrals and network activity.
41. What is the duration of the staking period for users opting to pre-stake their Ice in anticipation of the Mainnet release?
✅ Up to 5 years
42. Why did the Ice project team feel the need to create a new cryptocurrency?
✅ To create a transparent, fair, and accessible cryptocurrency.
43. How can you guarantee seamless mining if you're unable to tap the Ice logo button precisely at the end of the 24-hour mining cycle?
✅ Tap and hold the Ice logo button for 1 second after 12 hours
44. How are validators chosen and re-elected within the Ice network?
✅ Validators are elected by the community and must be reelected every two years.
45. How are users rewarded with the Pre-Stake bonus in the Ice project?
✅ By increasing their mining rate.
46. After using all the accumulated days off in the Ice project, what follows?
✅ You automatically enter slashing mode.
47. In the Ice project, how many consecutive days of mining are required to accumulate one day off?
✅ 6 days
48. If a new bonus is granted and claimed before the current one expires, how long does the daily extra bonus remain valid in the Ice project?
✅ 24 hours
49. How does the Ice network handle governance?
✅ Decentralized, community-driven governance.
50. How does the Ice project foster trust and social bonds among its user base?
✅ By offering bonuses based on referrals and network activity
51. What is the main objective of the governance model within the Ice network?
✅ To create a transparent, secure, and equitable system.
52. How are users rewarded with the Pre-Stake bonus in the Ice project?
✅ By increasing their mining rate.
53. If a new bonus is granted and claimed before the current one expires how long does the daily extra bonus remain valid in the ice project?
✅ 24 hours
54. 21. What is the primary focus of the Treasury Fund in the Ice network’s financial ecosystem?
✅ Supporting research and development efforts.
55. How does the Ice network handle governance?
✅ Decentralized, community-driven governance.
56. What is the purpose of the lock periods assigned to specific portions of the coin distribution in the Ice project?
✅ To promote long-term commitment to the project.
57. What is the ining bonus in the Ice project when mining concurrently with 3 Tier 1 friends and 5 Tier 2 members, with a mining rate of 16 Ice/h?
✅ 100%
58. Which existing concept shares similarities with staking?
✅ Depositing money in a bank
59. What details are available on the team screen within the Ice Project app?
✅ The current check-in activity of your referrals
60. How are validators chosen and re-elected within the Ice network?
✅ Validators are elected by the community and must be reelected every two years.
61. What role do validators play in the governance and operation of the Ice network?
✅ Validators are tasked with maintaining the network's security and availability.
62. What sets Ice apart in the realm of crypto mining?
✅ It allows users to mine without using their phone's resources, data, or battery.
63. What is the purpose of the lock periods assigned to specific portions of the coin distribution in the Ice project?
✅ To promote long-term commitment to the project.
64. What steps are involved in completing KYC Step #1 within the Ice network?
✅ Face recognition and liveness detection.
65. What kind of bonuses do you receive for Tier 1 friends directly referred by you and Tier 2 friends referred by your Tier 1 friends in the Ice project?
✅ 25% for Tier 1 and 5% for Tier 2
66. How are users rewarded with the Pre-Stake bonus in the Ice project?
✅ By increasing their mining rate.
67. What is the method for users to invite their friends to join their team on Ice?
✅ By sharing their referral code from the app.
68. How can users retrieve lost coins caused by inactivity within the Ice project?
✅ By initiating a new check-in session and choosing the resurrection option.
69. What factors contribute to determining the total supply of Ice coins?
✅ Multiple factors, including total registered users, online miners, halving events, and bonuses
70. the Ice project employs to showcase the value and trustworthiness of its digital currency in order to garner broader adoption.
✅ By building trust with owners and users
