About Ice DAO

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ICE Price: ARS 0.00

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Market Stats

Market Cap

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Performance

Popularity

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Additional details

Market details

ICE vs markets

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Tags

Network & Addresses

Network
Address

Avalanche C-Chain

0x9235B893a3e61a14b2D02a91EC1394fbF411689E

Price history

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FAQ

ICE DAO is a decentralized innovative reserve currency protocol that aims to focus on creating a policy-controlled currency system. The platform is developing a reserve currency based on the DeFi system on the Avalanche Network. Avalanche is a blockchain platform that builds decentralized applications and financial primitives. Besides this, the mission of ICE is to make DeFi easily accessible for people and grow wealth by farming in the trusted protocols. The ICE token is controlled by the DAO at a high level. In brief, DAO (decentralized autonomous organization) is a community-driven entity with no central authority.

The whitepaper states that the purpose of this protocol is to introduce game-theoretic and economic dynamics into the market through bonding and staking. These two mechanisms are essential to create an innovative reserve currency and help participate in the ICE. Further, stakers have to stake their ICE tokens to seek to earn more ICE tokens in return. At the same time, bonders offer LP tokens to earn discounted ICE tokens after a fixed vesting period.

ICE DAO aims to resolve the depreciation of the tokens as users generally prefer transacting with dollar-pegged stablecoins. This means when there is a depreciation in the traditional currency, there can be depreciation in the stablecoins. Therefore, the protocol is building a free-floating reserve currency, i.e., ICE, to seek to focus on supply growth and hold its purchasing power.

The ICE tokens are backed by a group of assets (e.g., MIM ) in the ICE treasury to aim to give tokens an intrinsic value that can stay stable. MIM is an ERC-20 token soft-pegged to USD. Further, the protocol can only mint and burn ICE as it controls the funds in the treasury. Minting uses the proof-of-stake mechanism to create new coins for circulation for trading. Besides this, the network can accumulate its liquidity with the help of liquidity bonds. Coin burning is the process of eliminating tokens from circulation by sending them to a wallet to lock them forever.

ICE was ideated and developed by an anonymous team and was contributed by the ICE DAO community. DAO governs ICE, and community members take all the decisions through snapshot voting on the forum. As of September 15, 2021, the total supply of this currency was 2,082,553 ICE tokens.

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Social stats

Popularity in posts

#514

Contributors

93

Posts

143

% About Ice DAO

0.03%

Articles

0

X (Twitter)

51.18% bullish

Sentiment

4.5 ★

Highlights

93 unique individuals are talking about Ice DAO and it is ranked #514 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Ice DAO has an average sentiment score of 4.5 out of 5. Finally, Ice DAO is becoming less newsworthy, with 0 news articles published about Ice DAO.

On Twitter, people are mostly bullish about Ice DAO. There were 56.03% of tweets with bullish sentiment compared to 9.48% of tweets with a bearish sentiment about Ice DAO. 43.97% of tweets were neutral about Ice DAO. These sentiments are based on 127 tweets.

On Reddit, Ice DAO was mentioned in 11 Reddit posts and there were 64 comments about Ice DAO. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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