Learn about Ice's upcoming final distribution on February 28th, including eligibility criteria and allocation breakdowns.
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| Ice Network: Ice Network Announces Final Distribution Details |
In a major milestone for the Ice project, the final distribution details have been unveiled as we approach the crucial date of February 28th. This marks the culmination of Phase 1, representing a pivotal stride towards decentralization and community empowerment.
Scheduled to kick off at 8 AM UTC on February 28th, the distribution aims to ensure fairness and transparency among all participants. Eligible users, having completed KYC, passed the quiz, and set their BNB Smart Chain addresses, will receive ICE coins equivalent to their available balance, encompassing both mined coins and earned referrals meeting eligibility criteria.
Remarkably, 30% of this distribution will be strategically locked for five years in the mainnet rewards pool. This move serves to incentivize creators, nodes, and validators, bolstering the long-term sustainability of the Ice project.
For participants fulfilling KYC and quiz requirements but failing to add their BNB Smart Chain address in time, their coins will be redirected to the mainnet rewards pool.
Later in the distribution day, a comprehensive breakdown of Ice coins allocated to each pool will be released, providing participants with transparency and insight into the distribution process. This breakdown aims to give contributors a thorough understanding of how their efforts have contributed to the growth of the Ice network.
To ensure the integrity and security of the distribution process, the Ice project will leverage the UNCX Network (formerly UniCrypt) for the locking and vesting period of the allocated pools. This decision underscores the commitment to maintaining a secure and reliable ecosystem for all participants.
As the project gears up for this final distribution phase, heartfelt gratitude is extended to the community for their unwavering support and dedication. Together, they are shaping a decentralized future characterized by collaboration, innovation, and shared values. Stay tuned for further updates and announcements as this exciting new chapter in the Ice project unfolds.
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