In early 2025, the cryptocurrency world saw the launch of a new project, Ice Blockchain, also known as Ice Open Network (ION). We examine its tokenomics and built-in mechanisms to combat inflationary pressures.
ICE Token Utility
The ICE token serves several key functions within the Ice Open Network ecosystem, acting as the primary means for transaction fees, granting governance rights, securing the network through staking, and integrating with features like ION ID, ION Connect, ION Liberty, and ION Vault.
ICE Token Distribution
ICE has a total supply of approximately 21.15 billion tokens with initial distribution across various pools: 28% for community mining, 12% for reward pools, 25% for the team, and others. Though primarily operating on its native chain, ICE tokens are still widely traded on BNB Chain.
Deflationary Mechanism: Effective or Wishful Thinking?
Ice implements a deflationary model through a content tipping system where 20% of each tip is burned to reduce circulating supply. However, its success hinges on user participation, bringing its effectiveness into question.
Despite thoughtful structure and integration into the ecosystem, potential investors should approach cautiously. The crowded market and uncertain deflationary mechanisms make Ice Open Network a complex choice.
