In early 2025, Ice Blockchain presented its network with the mainnet launch, aiming for a place in the competitive blockchain landscape.
ICE Token Functionality
The ICE token plays a crucial role in the Ice Open Network ecosystem. It is used for transaction fees, governance, and network security through staking. Additional functions include ION ID, ION Connect, ION Liberty, and ION Vault.
Token Distribution
The total supply of tokens is approximately 21.15 billion, with initial allocation: 28% for community mining, 12% in the rewards pool, 25% to the team, and other categories. A significant number of tokens remain on the BNB Chain, indicating a wide user base.
Deflationary Mechanism in Action
Ice Blockchain has implemented a deflationary model with a tipping system for content creators where 20% of each tip is burned. This aims to reduce token circulation, but its efficiency depends on user activity.
Despite a successful launch and thoughtful tokenomics, risks remain due to high team allocations and inflation expectations. Investors should conduct thorough research before investing.
