In early 2025, the cryptocurrency market saw the entrance of Ice Blockchain. We examine the project's tokenomics, including utility, distribution, and deflationary mechanism.
ICE Token Utility
The ICE token serves as the primary currency within the Ice Open Network ecosystem. Its key functions include transaction fees, governance rights, and network security through staking. Additional features are integrated into systems like ION ID and ION Vault.
Token Distribution
ICE has a total supply of approximately 21.15 billion tokens. The initial distribution allocated 28% for the mining pool, 25% for the team, and 15% for the DAO. Over 350,000 ICE holders are on the BNB Chain, though only 6.8 billion are currently in circulation, indicating significant inflation potential.
Deflationary Mechanism: Effective or Wishful Thinking?
The project positions a deflationary mechanism through a tipping system for content creators, where 20% of each tip is burned. While the team is confident in this approach, its success depends on user participation.
Ice Blockchain has implemented a complex tokenomic structure, yet questions remain about the project's long-term value and success in a saturated market. Prospective investors should carefully research Ice before making decisions.
