Ice Quiz Answers
Ice Mining Quiz Answers
Ice Project, a cryptocurrency mining initiative, requires users to pass a KYC quiz to qualify for the final token distribution scheduled for February 28, as per Ice Network's announcement.
Update from Ice Project tweet on February 17
The mining Ice token coins of those who didn’t pass the Quiz are burned, reducing the total supply.
In 5 days, accounts that haven’t completed the quiz within the 14-day window will see their coins burned, further diminishing the supply.
Additionally, ensure your BNB Smart Chain address is updated by February 28 to qualify for the final Ice token distribution. If users do not pass the quiz,
- ice mining will be disabled, and they will not qualify for the final distribution.
To pass the Ice quiz, users must score at least 18 out of 21 correct answers. Here are the answers to the quiz questions:
Profit Opportunities:
The Ice Crypto token is already in the market and listed on the OKX Exchange.
After receiving the ICE token Fincal distribution Token in the OKX wallet, participants can transfer, withdraw convert Ice tokens into USDT.
Ice Quiz Answers
Note that Question Formates are different but the answers are the same.
1 Q: Why did the Ice project team feel the need to create a new cryptocurrency?
Q: What does the governance model aim to achieve within the ice network?
Q: What led the ice project team to innovate a new cryptocurrency?
A: To create a transparent, fair, and accessible cryptocurrency.
2 Q: What mining bonus is received when engaging with three Tier 1 friends and five Tier 2 friends simultaneously in the ice project?
A: Answer: 75%
3 Q: Which core principle of the Ice project emphasizes the idea that success occurs when people with good intentions cooperate and work together?
A: Trust
4 Q: What happens to the coins of users who become inactive in the ice project?
What outcome is there for the coins of user who coins of users who become inactive within the ice project?
A: They are gradually lost through progressive slashing
5 Q: How long is the staking period for users who choose to pre-stake their Ice in preparation for the Mainnet release?
Q: What is the required staking duration for ice Token holders in anticipation of the Mainnet debut?
A: Up to 5years
6 Q: What blockchain technology does the Ice project use for its consensus mechanism known for its speed, security, and scalability?
A: Proof-of-Stake (POS)
7 Q: What information can you find on the team screen in the Ice Project app?
What Kind of information does the Ice Project app provide in its team section?
A: The current check-in activity of your referrals
8 Q: How is the Pre-Stake bonus in the Ice project rewarded to users within the Ice project?
A: By Increasing their mining rate
9. Q: How can a user restore lost coin due to inactivity in the Ice project?
Q: What options do users have to retrieve coins lost due to inactivity in the ice project?
A: By initiating a new check-in session and choosing the resurrection option
10 Q: What happens after you use all the accumulated days off in the Ice project?
Q: After all Accumulated rest days are used, what occurs within the ice project?
A: You automatically enter the slashing mode.
11 Q: How long does the daily extra bonus in the Ice project remain valid if a new bonus is granted and claimed before the current one expires?
Q: How can users earn Ice in the Ice network?
Q: What intervals are recommended for check-in activities to secure mining rewards in the ice project?
Q: After activating a new bonus before the current one expires. how long will the extra daily bonus last in the project?
A: 24 hours.
12 Q: What are the required actions for completing the first KYC Step in the Ice network?
A: Face recognition and liveness detection.
13 Q: What is the main role of the ecosystem growth and Innovation Pool Fund in The Ice network?
Q: What is the primary role of the Ecosystem Growth and Innovation Pool Fund in the Ice network?
A: To foster innovation and expand the ecosystem.
13 Q: 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?
Q: What incentives are offered to you for tier referrals and the subsequent tier 2 referrals within the ice project?
A: 25% for Tier 1 and 5% for Tier 2.
14 Q: What is the primary goal of the ice network?
Q: What stands as the ice network's principal aim?
A: To build a decentralized ecosystem
15 Q: How does the ice project encourage trust and social connection among its users?
Q: How does the ice project aim to establish trust and foster community amongst its users?
A: By offering bonuses based on referrals and network activity
16 Q: What is the purpose of the lock periods allocated to certain portions of the coin distribution in the Ice project?
Q: Why are Lock periods implemented for certain coin distributions in the ice project?
A: To promote long-term commitment to the project.
17 Q: How are Validators selected and reelected in the Ice network?
A: Validators are elected by the community and must be reelected every two years
18 Q: How often will the BNB Smart Chain distribution occur in the Ice Network?
A: Monthly
19 Q: How does the ice project encourage trust and social connection among its users?
A: By offering bonuses based on referrals and network activity
20 Q: What is the staking concept similar to?
Q: Which well known practice shares features with the concept of staking?
A: Depositing money in the bank
21 Q: On what network will the Ice distribution take place?
Q: Which blockchain is set for ice distribution?
A: BNB Smart Chain
22 Q: Does mining in the Ice network require keeping the app open all the time?
A: No, mining doesn’t consume any phone resources
23 Q: What is the primary focus of the Treasury Fund in the Ice network’s financial ecosystem?
A: Providing liquidity to maintain robust trading
A: Supporting research and development efforts
- Both are correct
24 Q: During phase 1 of the ice project, how much can users increase their mining rate through pre-staking?
A: 250%
25 Q: When are users notified about the availability of extra bonuses in the Ice project?
Q: When do ice project participants receive notifications about additional bonus opportunities?
A: Between 10:00 and 20:00
26 Q: How does the ice project encourage trust and social connection among its users?
A: By offering bonuses based on referrals and network activity
27 Q: in the context of crypto mining?
A: It allows users to mine without using their phone's resources, data, or battery
28 Q: What is the bonus you and your Tier 1 friends receive when mining together?
A: 25% bonus
29 Q: How can users invite their friends to join their team on Ice?
A: By sharing their referral code from the app
30 Q: What does the term halving refer to in the cryptocurrency industry?
A: the process of reducing the issuance rate of new coins
31 Q: What is the Ice Network’s approach to governance
A: Decentralized, community driven governance
32 Q: What factors determine the total supply of Ice coins?
A: Multiple factors, including total registered users, online miners, halving events and bonuses
33 Q: Multiple factors, including total registered users, online miners, halving events and bonuses
A: The current check-in activity of your referrals
34 Q: In the Ice project, what is the purpose of the resurrection feature?
A: to restore all slashed coins after a period of inactivity
35 Q: How many times can you benefit from the resurrection option in the Ice project?
A: Once
36 Q: What is the main advantage of Ice being an open source project
A: it promotes transparency and allow everyone to review the project code
37 Q: What make ice unique in the concept of crypto mining?
A: it allows users to mine without using their phone resources, data and battery
38 Q: What distinguishes the Ice network from other mining methods?
A: it rewards those who actively build micro-communities
39 Q: How does the Ice project aim to demonstrate the value and reliability of its digital coin to gain wider acceptance?
A: By building trust with owners and users
40 Q: What sets Ice apart from other cryptocurrencies in terms of mining?
A: Ice mining requires zero energy processing power and battery life
41 Q: What is the role of validators in the Ice network’s governance and operation?
A: Validators are tasked with maintaining the network’s security and availability
42 Q: How much is the mining bonus in the Ice project for mining simultaneously with 3 Tier 1 friends and 5 Tier 2 members, assuming the mining rate is 16 Ice/ h?
A 100%
