Ice Mining Network KYC 3 all Quiz Answers
ICE QUIZ QUSTIONS FOR THE UPCOMING KYC 3
1. How is the Pre-Stake bonus in the Ice project rewarded to users?
*✅ By Increasing their mining rate.*
2. What is the Ice network’s approach to governance?
*✅ Decentralized, community driven governance.*
3. What information can you find on the team screen in the Ice project app?
*✅ The current check-in activity of your referrals.*
4. What does the term halving refer to in the cryptocurrency industry?
*✅ The process of reducing the issuance rate of new coins.*
5. What is the bonus you and your Tier 1 friends receive when mining together?
*✅ 25% bonus.*
6. On what network will the Ice distribution take place?
*✅ BNB Smart Chain.*
7. How can users earn Ice in the Ice network?
*✅ 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?
*✅ 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?
*✅ 25% for Tier 1 and 5% for Tier 2.*
10. How often will the BNB Smart Chain distribution occur in the Ice Network?
*✅ Monthly.*
11. Why did the Ice project team feel the need to create a new cryptocurrency?
*✅ To create a transparent, fair, and accessible cryptocurrency.*
12. How are Validators selected and reelected in the Ice network?
*✅ 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?
*✅ Once.*
14. When are users notified about the availability of extra bonuses in the Ice project?
*✅ Between 10:00 and 20:00.*
15. What factors determine the total supply of Ice coins?
*✅ 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?
*✅ Proof-of-Stake (POS)*
17. What is the role of validators in the Ice network’s governance and operation?
*✅ Validators are tasked with maintain the network’s security and availability.*
18. In the Ice project, what is the purpose of the resurrection feature?
*✅ 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?
*✅ To foster innovation and expand the ecosystem.*
20. Does mining in the Ice network require keeping the app open all the time?
*✅ 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?
*✅ Supporting research and development efforts.*
22. What sets Ice apart fromother cryptocurrencies in terms of mining?
*✅ 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?
*✅ By initiating a new check-in session and choosing the resurrection option.*
24. What is the staking concept similar to?
✅ *Depositing money in the bank*
25. What is the primary goal of the ice network?
✅ *To build a decentralized ecosystem*
26. What is the main advantage of ice being an open source project?
✅ *it promotes transparency and allow everyone to review the project code.*
27. What make ice unique in the concept of crypto mining
✅ *it allows users to mine without using their phones resources, data and battery*
28. During phase 1 of the ice project, how much can users increase their mining rate through pre-staking?
✅ *250%*
29. What happens to the coins of users who become inactive in the ice project?
✅ *They are gradually lost through progressive slashing*
30. How does the ice project encourage trust and social connection among its users?
✅ *By offering bonuses based on referrals and network activity*
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