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Ice Network KYC Step 3 Quiz Answers
Ice Network KYC Step 3 Quiz Answers
Answer: It promotes transparency and allow anyone to review the project’s code.
Question: What is the role of validators in the Ice network’s governance and
operation?
Answer: Validators are tasked with maintaining the network’s security and
availability.
Question: What type of bonus you receive for friends referred by you (Tier 1) and
those referred by your friends (Tier 2) in the Ice project?
Answer: Multiple factors, including total registered users, online miners, halving
events, and bonuses.
Question: How does the Ice project aim to demonstrate the value and reliability of
its digital coin to gain wider acceptance?
Question: How often will the BNB Smart Chain distribution occur in the Ice
network?
Answer: Monthly.
Question: What is the bonus you and your Tier 1 friends receive when mining
together?
Answer: 25% bonus.
Question: What blockchain technology does the Ice project use for its consensus
mechanism known for its speed, security, and scalability?
Question: What does the term “halving” refer to in the cryptocurrency industry?
Question: How can a user restore lost coins due to inactivity in the Ice project?
Answer: Once.
Answer: It allows users to mine without using their phone’s resources, data, or
battery.
Question: During Phase 1 of the Ice project, how much can users increase their
mining rate through pre-staking?
Answer: Up to 250%.
Question: What happens to the coins of users who become inactive in the Ice
project?
Question: When are users notified about the availability of extra bonuses in the Ice
project?
Question: How is the Pre-Stake bonus in the Ice project rewarded to users?
Question: Does mining in the Ice network require keeping the app open all the
time?
Question: What information can you find on the team screen in the Ice project
app?
Question: What distinguishes the Ice network from other mining methods?