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We are thrilled to announce significant progress in our KYC and Ethereum distribution process, a cornerstone of our commitment to security and community engagement.

KYC Step One – A Milestone Achieved

Following our app update on November 24, KYC Step #1, encompassing face recognition and liveness detection, is now live. This critical step ensures the authenticity and uniqueness of each account, fortifying our network against duplicates and bots. We are proud to confirm that over 1.2 million users have successfully completed this step as of December 6.

Enhanced Transparency in User Statistics

Reflecting our dedication to transparency, the stats screen now displays the count of users who have completed KYC Step One, rather than just registered users.

Monthly KYC Verification

To maintain the integrity of our platform, KYC Step #1 will require monthly verification, ensuring consistent account ownership.

Preparing for Ethereum Distribution

Our updated Ice app for Android and the web version for iOS now allow users to submit their Ethereum addresses. This is a crucial step in preparing for the Ethereum distribution scheduled until October 7, 2024. Accuracy in providing your Ethereum address is essential for receiving your Ice coins.

Introducing Social Verification

Today marks the beginning of Social Verification for users who have cleared KYC Step #1. This involves a simple process of reposting a message and verifying your Twitter account within the Ice ecosystem.

Opting for Engagement or Patience

Users can choose to engage in Social Verification or opt to skip it up to four times. Engaged users will 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

As we approach the distribution phase, we will reset the pre-staking options for all users, allowing everyone to make fresh staking choices. Additionally, our team has rectified a critical bug affecting user balances, where some users inadvertently received repeated bonus increments. With the pre-staking reset, we will also correct these balances by removing the excess coins attributed to this bug. We appreciate your understanding and cooperation as we strive to ensure fairness and accuracy in our system.

Ethereum Distribution Plan

The Ethereum distribution will occur monthly, with Ice coin balances being evenly split over the remaining months leading up to our mainnet launch. For instance, if you hold 9,000 Ice coins, and distribution begins in January, you will receive an initial distribution of 900 Ice coins, followed by recalculated distributions in the subsequent months.

Stay Informed

An official announcement with detailed information about the upcoming Ethereum distribution will be shared soon. We encourage our community to stay engaged and informed as we continue to build a secure and thriving ecosystem.

Thank you for your continued support and engagement.


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