đ **Ice Mainnet Development Focus: A Pivotal Shift**
Dear Ice Community,
Today marks a pivotal moment in our journey as we shift focus to the development of the Ice Mainnet. In our commitment to sustainability and success, we're making strategic decisions to enhance the long-term future of our project.
đ **End of Mining Activities on Ice**
After careful analysis, we've decided to halt mining activities on Ice. While Phase 1 built our user base and distributed Ice coins, the costs, both financially and in team resources, are significant. We're redirecting our efforts towards Mainnet Development.
đĄ **Focusing on Mainnet Development**
Our core objective is delivering a robust, user-friendly Ice Mainnet app. By discontinuing mining, we can allocate resources efficiently. Take these steps by February 28 for a smooth transition:
- â
**Pass the Quiz:** Successfully complete the quiz in the app.
- đ **Add BNB Smart Chain Address:** Ensure your BNB Smart Chain address is added for distribution.
- âïž **Tap to Mine:** Keep tapping the Ice button every 24 hours to avoid slashing before February 28.
Failure to complete these steps will result in loss of Ice coin distribution.
đ **Resetting Prestake and Distribution Details**
To ensure Mainnet sustainability, we've reset prestake to zero. Distribution rewards will be based on the amount of Ice coins mined. 30% of distributed balances will be locked for five years to incentivize creators, nodes, and validators.
đ **Lock Period Details:**
- Community Pool: No lock period.
- Mainnet Rewards Pool: 5-year lock starting October 7th, 2024, with quarterly releases.
- Team, DAO, Treasury, Growth Pools: 5-year lock starting from BNB Smart Chain distribution, with quarterly releases.
đ **Looking Towards the Future**
Exciting announcements ahead:
- đ Testnet with Ice Open Network (ION) wallet and explorer.
- âïž Frostbyte app launch, a vital part of IceNet in the Mainnet.
- đ§Ș Beta testing phase for the Mainnet app, inviting community feedback.
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