Dear Community,
The Ice Network are delighted to share remarkable strides in their commitment to security and community engagement. Their KYC and Ethereum distribution processes have seen significant advancements, solidifying their dedication to transparency and user-centric experiences.
KYC Step One – Achieving a Milestone:
With the recent app update on November 24, KYC Step #1, featuring face recognition and liveness detection, is now live. This pivotal step ensures the authenticity of each account, with over 1.2 million users successfully completing this process by December 6, fortifying our network against duplicates and bots.
Enhanced Transparency in User Statistics:
Their commitment to transparency is reflected in the stats screen, now displaying the count of users who have completed KYC Step One, providing a more accurate representation of their engaged user base.
Monthly KYC Verification:
To uphold the integrity of their platform, KYC Step #1 will now require monthly verification, ensuring consistent account ownership.
Preparing for Ethereum Distribution:
Users can now submit their Ethereum addresses through their updated Ice app for Android and the web version for iOS. This crucial step is in preparation for the Ethereum distribution scheduled until October 7, 2024. Accuracy in providing your Ethereum address is vital for receiving your Ice coins.
Introducing Social Verification:
Commencing today, Social Verification is introduced for users who have completed KYC Step #1. This involves a straightforward process of reposting a message and verifying your Twitter account within the Ice ecosystem.
Engagement or Patience – Your Choice:
Users can choose to engage in Social Verification or skip it up to four times. Engaged users gain immediate access to the Ethereum distribution, while those opting out can access the KYC Step #2 Quiz after a 28-day period.
Important Update on Pre-Staking and Balance Correction:
Approaching the distribution phase, we will reset pre-staking options for all users, allowing a fresh start. Their team has addressed a critical bug affecting user balances, ensuring fairness. The reset will correct balances by removing excess coins attributed to this bug.
Ethereum Distribution Plan:
Monthly Ethereum distributions will commence, with Ice coin balances evenly split until our mainnet launch. For example, if you hold 9,000 Ice coins and distribution begins in January, expect an initial distribution of 900 Ice coins, with recalculations in subsequent months.
Stay Informed:
An official announcement with detailed information about the upcoming Ethereum distribution will be shared soon. Stay engaged and informed as we build a secure and thriving ecosystem.
Thank you for your continued support and engagement.
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