📊|Understand ICE deflation mechanism in one article

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Continuing from the last article, let’s talk about ICE’s destruction mechanism

📢In order to further enhance its appeal and user base and ensure that Ice Open Network is always a gathering place for high-quality content, the ICE community has added a mechanism for rewarding content creation

Consumers can choose to reward their favorite content creators by sending Ice coins to them. Just click the Ice icon next to the content they like.

💎For every tip-like amount made by consumers, 20% will be burned.

⏩️The unique reward mechanism promotes dynamic interaction between consumers and creators. This is not just a transaction, but also a community that recognizes and rewards high-quality content, and actively promotes community participation.

⏩️And in today's world, many cryptocurrencies are questioned for volatility, while the deflation model provides predictability. Users can trust that the value of ICE coins will not be diluted by uncontrolled inflation

🔥The most important role of the destruction mechanism is to ensure that the supply and demand are balanced. By continuously reducing the total supply of Ice coins, the intrinsic value of each coin will increase. This is a simple economic principle: when the supply decreases and the demand is stable or increases, the value will rise. It will promote the price of ice coins

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