Frequently asked questions
Ice is a new digital currency that you can mine (or earn) from any mobile device.
Ice network is based on a community of trust delivered by a growing number of users who want to prove that digital currencies retain value and can be used in various use cases.
Users can join the Ice network via an invitation from an existing member to start earning & building their own micro-communities right away.
To start earning Ice, you need to check in every 24 hours by tapping the Ice button to begin your daily mining session.
Mining together with your friends can boost the mining (earning) rate for you and your team.
For each friend that checks in at the same time as you, you both receive a 25% bonus on your mining (earning) rate.
The base mining (earning) rate starts from 16 Ice/h and is reduced by half (goes through a halving event) when it reaches the first milestone. Read more about halving.
Anyone from anywhere in the world with an Android or iOS device can join Ice.
The verification process (KYC – Know Your Customer) requires the user to have a valid national ID at the moment they claim the Ice coins.
If you don’t have yet a valid national ID, you can still mine (earn) Ice and claim the coins when your ID is issued.
You can only have one registered device per person at a time.
If at the verification process (KYC – Know Your Customer) we identify more than one registered device for the same identity, only the first registered device will be taken in consideration, while the other accounts will be locked.
Phase 1 (July 7th, 2023 – October 7th, 2024) is dedicated to accumulation, where the Ice members will grow their micro-communities and mine (earn) Ice coins that they can use starting with next phase.
At Ice, we’re committed to delivering value and utility for our community. In Phase 1 of our project, we will announce several use cases and decentralized applications (dApps) that will fully integrate with Ice. These use cases and dApps will offer real-world applications for our community members and help to drive the adoption of our coin.
In Phase 2 (October 7th, 2024) the Mainnet will be released and the members will be able to use Ice for sending, receiving, exchanging, or making payments.
More than that, we are developing solutions for merchants to integrate and accept Ice into their retail stores and e-commerce shops.
More use cases are in development right now and will be announced during Phase 1.
Ice will receive its market value when Phase 1 will be finalized and the coin will be listed on exchanges, on Phase 2.
Ice is a very serious project with a team of over 20 senior engineers, sociologists and economists that have been working on since January 2022.
Our team’s work can be seen on GitHub in a very transparent approach.
So far, we have invested a considerable amount of money developing and hiring qualified senior professionals.
Our commitment to the community is to continue developing all the components of the ecosystem that will sustain and give value to the project.
We have signed a partnership with Appdome, a leading security company that protects our app from threats, attacks, mobile fraud, security breaches, mobile malware, cheating and other attacks with ease.
Rest assured, we do not accept fake accounts, bots or any other threats that can interfere with the regular behavior of the app.
The main difference between the three projects is the governance model.
Ice from the outset establishes a governance model where all users have the decision power in the direction the network evolves, where validators will have distributed voting power, thus avoiding concentration in the hands of a few large validators. Find out more here.
Ice puts emphasis on building micro-communities and therefore rewards not only mining simultaneously with those you have invited into the network but also mining simultaneously with your friends’ friends, i.e. Tier 2 users. Find out more here.
The total supply of the Ice coins is based on multiple factors like total registered users, online miners, halving events, and bonuses and thus it cannot be known for the moment until Phase 1 does not end.