AMA with the Ice Open Network team

Ice Open Network is a decentralized blockchain platform designed to provide high performance, scalability, and interoperability for various blockchain applications. It aims to enhance the capabilities of decentralized finance (DeFi), non-fungible tokens (NFTs), and other blockchain-based services.

In an exclusive AMA with LetsExchange, we had the pleasure of speaking with Zeus, the CEO, and Coeus, the COO of Ice Open Network. They shared insights into the core values that inspired the creation of ICE, the turning points that shaped their path, and their forward-thinking initiatives like airdrops and tap-to-mine technology.

John from LetsExchange: What inspired the creation of the ICE Open Network, and how did the journey begin?

Coeus: We started building a software service product 12 years ago. So we had a lot of time to understand how the market works, how the technologies are developing, and so on. We’ve been there since the beginning of everything blockchain-related, more passively, maybe indeed in the beginning. But then we started to become as much as active as we could. There were two areas that inspired us to create ICE, and the first one was related to our values. Decentralization, you know, and the freedom of speech. The second one is our mission, which is to facilitate this transition from Web 2.0 to Web 3.0 for billions of users.

John from LetsExchange: Were there any turning points that had a major impact on the early phases of the project?

Zeus: Most projects where they launch have an issue where they can’t get a lot of traction. Well, with ICE, it was a bit different. I still remember the day in April when we had our first official launch last year. We had 47 followers on Twitter, and the moment we posted that the application was available and the community could join and start mining ICE, we ended up with 300,000 users in the first 24 hours. Of course, it's a great milestone. It was something very good for us, but unfortunately, we had some issues with the infrastructure, so we had to go back to the drawing board. We launched again and got over a million users within a week.

The next turning point was giving fair distribution to all users and avoiding multi-accessing, which led to the introduction of the mandatory quiz and the face recognition, and other upcoming features.

John from LetsExchange: Many users are holding ICE tokens in their private wallets. Are there plans to make an airdrop for these ICE token holders?

Zeus: So yeah, this is a question we've been addressing lately quite often. We also announced it on our Twitter some weeks ago. For those of you who hold ICE, you know they are holders of ICE, there's gonna be also opportunities regarding the projects that are going to launch under the tap-to-mine ecosystem technology.

Basically, the new projects that will launch will also have some part of the coins that will go to ICE holders. So even if you are not entering the tap-to-mine to do it yourself by downloading the app and doing the daily tap and so on, you can still benefit from the new projects that are launching under the ecosystem just by holding ICE.

Coeus: Holders of ICE will qualify for airdrops related to new projects simply by holding ICE coins. This utility is designed to reward and incentivize the community's engagement and support for the network. Essentially, just by possessing ICE tokens, holders automatically become eligible to receive airdrops as new projects are launched on the platform.

John from LetsExchange: What important milestones and advancements should the community expect in the near future?

Coeus: With the recent Testnet release, it is to create the entire infrastructure and the features on top of it in the near future. We also released our beta version of Frostbyte two weeks ago. A component of our Ion Liberty is a component of the main blockchain. A few days ago, we announced another project that we had been working on for some time. It's called Hermatic. It's an ALGO trading bot that one of our team members has been developing for the past four years. We also announced our first tap-to-mine application that's gonna run on our ecosystem.

John from LetsExchange: How can users benefit from the tap-to-mine technology you launched on Telegram?

There is an exciting feature that we're gonna launch together with the new tap-to-mine applications. And it's about the boost feature, which will allow everyone to be able to increase their earning rate to also unlock some features within the tap-to-mine applications.

John from LetsExchange: Can you explain the latest updates to the $ICE utility and if there are any strategies to make it deflationary?

Zeus: The latest updates to the $ICE utility include mechanisms to make it deflationary, such as token burns and transaction fee reductions.

Coeus: one of them Hermatic. It's an ALGO trading bot - you are only charged from the profit that the bot is making for you. And the way we decided is that 50% of those profits that are made are gonna be used for burning the tokens. So basically, that would reduce the supply of ICE and help with our mission to make it a deflationary token.

John from LetsExchange: Nadine, can you tell us about ICE and the availability for LetsExchange users?

Nadine: ICE and tokens are available for trading on LetsExchange.

John from LetsExchange: How do you feel about the $5M trading volume of ICE daily, how does it impact the project?

Nadine: The high trading volume significantly impacts the project by enhancing liquidity and market stability, which are crucial for growth.

John from LetsExchange: Can you explain the difference between token and coin and what can change in October after the ICE network mainnet launch?

Nadine: A token is designed for a specific platform and represents a utility or asset, while a coin has its own blockchain. With the ICE network mainnet launch in October, we expect also to list the coin.