Jerry K. Supernatural

Feb 13, 2024

LIKELY ICE NETWORK QUIZ QUESTION AND ANSWERS

Congratulations on coming this far on this ice project, You are yet to get the best hint of your life. Please read on...

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Now, concerning the likely questions and answers for the KYC 3 on the ice network, check below

1) What information can you find on the team screen in the ice project app?              👉The current check-in activity of your referrals

2) What is the role of validators in the ice network’s governance and operation?       👉Validators are tasked with maintaining the network’s security and availability

3) What does the term “halving” refer to in the cryptocurrency industry?     👉The process of reducing the issuance rate of new coins

4) When are users notified about the availability of extra bonuses in the ice project?               👉Between 10:00 and 20:00

5) Why did the ice project team feel the need to create a new cryptocurrency?           👉To create a transparent, fair, and accessible cryptocurrency

6) How many times can you benefit from the resurrection option in the ice project?                👉 Once

7) How often will the BNB smart chain distribution occur in the ice network?              👉 Monthly

8) What is the bonus you and your tier 1 friends receive when mining together?      👉 25%

9) How are validators selected and re-elected in the ice network?     👉Validators are elected by the community and must be reelected every two years

10) What is the primary role of the ecosystem growth and Innovation pool fund in the ice network?  👉To foster innovation and expand the ecosystem

11)  In the ice project, what is the purpose of the “resurrection” feature?         👉To restore all slashed coins after a period of inactivity

12)  What factors determine the total supply of ice coins?       👉Multiple factors including total registered users, online miners, halving events and bonuses

13)  How can a user restore lost coins due to inactivity in the ice project?         👉By initiating a new check-in session and choosing the resurrection option

14)  Does mining in the ice network require keeping the app open all the time?             👉 No

15)  What blockchain technology does the ice project use for its consensus mechanism, known for its speed, security and scalability?                👉 Proof-of-stake (POS)

16) What sets ice apart from other cryptocurrencies in terms of mining?         👉Ice mining requires zero energy, processing power and battery life

17) What is the primary focus of the Treasury Fund in the ice network’s financial ecosystem?      👉Supporting research and development efforts

18) What type of bonus do you receive for friends referred by you (Tier 1) and those referred by your friends (Tier 2) in the ice project?       👉25% for Tier 1 and 5% for Tier 2

19) What is the ice network’s approach to governance?          👉Decentralized, community-driven 

20) On what network will ice distribution take place?               👉BNB Smart chain

21)  How can users earn ice in the ice network?            👉By checking in every 24 hours

22)  How does the ice project aim to demonstrate the value and reliability of its digital coin to gain wider acceptance?       👉By building trust with owners and users.

23)  What is the total supply of Ice coins?

👉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.

24)  Why should I keep my push notifications active?

👉By keeping your push or email notifications active, you will be able to receive our periodic daily bonuses.

25)  Why is the mining rate reduced periodically?                👉To ensure the stability of the Ice network, we need to reduce the supply of Ice (known as “halving”) to maintain the balance between supply and demand. 

26)  How is the pre-stake bonus in the ice project rewarded to users?                👉By increasing their mining rate

27) How long is the staking period for users who close to pre stake their ice in preparation for the main net releases?              👉Up to 5 years

28) What happens after you use all the accumulated days off in the ice project?           👉You automatically enter the slashing mode

29)  What distinguishes the ice network from other mining method?                 👉It reward those who actively build micro communities

30)  How does the ice project encourage trust and social connection among its users?               👉By offering bonuses based on referrals and network activity

31)  What happens to the coins of users who become inactive in the ice project?                          👉They are gradually lost through progressive slashing

32)  During phase 1 of the ice project, how much can users increase their mining rate through pre-staking?     👉Up to 250%

33)  What makes ice unique in the concept of crypto mining?                  👉it allows users to mine without using their phones resources, data and battery

34)  What is the main advantage of ice being an open source project?          👉it promotes transparency and allow everyone to review the project code.

35)  What is the primary goal of the ice network?               👉To build a decentralized ecosystem

36)  What is the staking concept similar to?                   

👉Depositing money in the bank

37) How much is the mining bonus in the ice project for mining simultaneously.           👉100%

38)  Extra bonus in the ice project remain valid if a new bonus is granted                          👉24hours

39)  How often do you need to check in for mining to earn ice                                👉Every 24hours 

40) How can you ensure uninterrupted mining if you can't tap the ice logo button exactly when the 24hour mining period ends                       👉 Tap and hold the ice logo button for 1 second after 12 hours 

41) What does kyc step #1 involve in the ice network.                            👉 Face recognition and liveness detection.

42) Which core principle of the ice project emphasizes the idea that success occur when people with good intention cooperate and work together                👉The power of many.

43)  How many days for a day off?                   👉6 days

44)  What is the intention behind the lock periods designated for certain portions of the coin distribution in the ice project?  👉To promote long-term commitment to the project

45)  What sets the ice project apart from other cryptocurrency initiatives regarding user rewards?                     👉 Ice rewards only active and engaged community members

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