Ice Network Quiz All Q&A Kyc Step - 3

Ice Network Quiz

Many ICE Network miners, including myself, missed out on KYC 2 due to various reasons, such as my permanently suspended Twitter account. I am Grateful to the ICE team for foreseeing this issue and offering an alternative with KYC Step 3. This step ensures access to ICE tokens for those unable to complete KYC 2. Here are the ICE Network Quiz Answers for those who missed KYC.

ICE Network Quiz KYC Step 3 Quiz Answers

1.How is the Pre-Stake bonus in the Ice project rewarded to users?
Ans: By Increasing their mining rate.

2. What is the Ice network’s approach to governance?
Ans: Decentralized, community driven governance.

3. What information can you find on the team screen in the Ice project app?
Ans: The current check-in activity of your referrals.

4. What does the term halving refer to in the cryptocurrency industry?
Ans: The process of reducing the issuance rate of new coins.

5. What is the you and your Tier 1 friends receive when mining together?
Ans: 25% bonus.

6. On what network will the Ice distribution take place?
Ans: BNB Smart Chain.

7. How can users earn Ice in the Ice network?
Ans: By checking in every 24 hours.

8. How does the Ice project aim to demonstrate the value and reliability of its digital coin to gain wider acceptance?
Ans: By building trust with owners and users.

9. 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?
Ans: 25% for Tier 1 and 5% for Tier 2.

10. How often will the BNB Smart Chain distribution occur in the Ice Network?
Ans: Monthly.

11. Why did the Ice project team feel the need to create a new cryptocurrency?
Ans: To create a transparent, fair, and accessible cryptocurrency.

12. How are Validators selected and reelected in the Ice network?
Ans: Validators are elected by the community and must be reelected every two years.

13. How many times can you benefit from the resurrection option in the Ice project?
Ans: Once.

14. When are users notified about the availability of extra bonuses in the Ice project?
Ans: Between 10:00 and 20:00.

15. What factors determine the total supply of Ice coins?
Ans: Multiple factors, including total registered users, online miners, halving events and bonuses.

16. What blockchain technology does the Ice project use for its consensus mechanism known for its speed, security and scalability?
Ans: Proof-of-Stake (POS)

17. What is the role of validators in the Ice network’s governance and operation?
Ans: Validators are tasked with maintain the network’s security and availability.

18. In the Ice project, what is the purpose of the resurrection feature?
Ans: To restore all slashed coins after a period of inactivity.

19. What is the primary role of the Ecosystem Growth and Innovation Pool Fund in the Ice network?
Ans: To foster innovation and expand the ecosystem.

20. Does mining in the Ice network require keeping the app open all the time?
Ans: No, mining doesn’t consume any phone resources.

21. What is the primary focus of the Treasury Fund in the Ice network’s financial ecosystem?
Ans: Supporting research and development efforts.

22. What sets Ice apart fromother cryptocurrencies in terms of mining?
Ans: Ice mining requires zero energy processing power,and battery life.

23. How can a user restore lost coin due to inactivity in the Ice project?
Ans: By initiating a new check-in session and choosing the resurrection option

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