Ice quiz answers

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

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

3. In the Ice project, what is the purpose of the “resurrection” feature?
Ans. To restore all slashed coins after a period of inactivity.
4. 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.

5. Why did the Ice project team feel the need to create a new cryptocurrency?
Ans. To create a transparent, fair, and accessible cryptocurrency.
6. How many times can you benefit from the resurrection option in the Ice project?
Ans. Once.

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

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

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

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

 11. What sets Ice apart from others cryptocurrencies in terms of mining?
Ans. Ice mining requires zero energy, processing power, and battery life.
 
12.What does the term “halving” refer to in the cryptocurrency industry?
Ans. The process of reducing the issuance rate of new coins.

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

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

15.  What is the primary focus of the Treasury Fund in the Ice network’s financial ecosystem?
Ans. Supporting research and development efforts.
16.  What is the bonus you and your Tier 1 friends receive when mining together?
Ans. 25% bonus.

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

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

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

20. 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
21.  How can a user restore lost coins due to inactivity in the Ice project?
Ans. By initiating a new check-in session and choosing the resurrection option.

 22. 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.

23. How often with the BNB Smart Chain distribution occur in the Ice network?
Ans. Monthly.

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

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