Ice Network KYC Step #3 All 21 Quiz Questions + Correct Answers || Knowledge Verification
ICE QUIZ -3 (Question/Answer)
📌54 questions and answers for ICE kyc step #3 available now.
Q1 what's the role of validator in the ice network's governance and Operation
Ans.. validator are tasked with maintaining the network
Q2 what block chain technology does the ice project use for its consensus mechanism
Ans... Proof of stake( P. O. S)
Q3 how much is the mining bonus in the ice project for mining simultaneously.
Ans... 100%
Q4 Extra bonus in the ice project remain valid if a new bonus is granted
Ans....24hours
Q5 How often do you need to check in for mining to earn ice
Ans....Every 24hours
Q6 What happens after you use all the accumulated day off in the ice project
Ans ..... You automatically enter the slashing mode
Q7 what information can you find on the team screen in the ice project App
Ans.... The current check in activity of your referrals
Q8 How is the pre-stake bonus in the ice project rewarded to user
Ans.... By increasing their mining rate.
Q9 How can you ensure uninterrupted mining if you can't tap the ice logo button exactly when the 24hour mining period ends
Ans ... Tap and hold the ice logo button for 1 second after 12 hours
Q10. What does kyc step #1 involve in the ice network.
Ans... Face recognition and liveness detection.
Q11 what is the ice network approach to governance
Ans... Decentralized community-driven governance.
Q12 which core principle of the ice project emphasizes the idea that success occur when people with good intention cooperate and work together
Ans..... The power of many.
Q13 In the ice project what is the purpose of the resurrection feature.
Ans..... To automatically activate the day off credit.
Q14 What type of bonus do you receive for friend referred by you (tier 1) and those referred by your friends (Tier2) in the ice project.
Ans.... 25% for Tier 1 and 5% for tier 2
Q15. 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.
Q16. How can user earn ice in the ice network
Ans.... By checking in every 24 hour.
Q17. What factor determine the total supply of ice coin.
Ans multiple factor, including total registered user, online miners, halving event and bonuses.
Q18. How can user restore lost coin due to inactivity in the ice project.
Ans..... By initiating a new check in session and choosing the resurrection option.
Q19 what is the one of the main advantage of ice being an open source project.
Ans ......It promote transparency and allows anyone to review the project code.
Q20. What is the staking concept similar to
Ans.....investing stock.
Q21. What set ice apart from other cryptocurrencies in term of mining
Ans.... Ice mining requires zero energy processing power and battery life.
Q22. How long is the staking period for user who choose to pre-stake their ice in the preparation for the mainet release
Ans.... Up to 5 years.
Q23 when are user notified about the availability of extra bonuses in the ice project.
Ans.... Between 10:00 and 20:00
Q24. 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.
Q25a. How often will the BNB smart chain distribution occur in the ice network
Q25b. what is the frequency on bnb smart chain distribution in the ice ntwork?
Ans.... Monthly.
Q26. Does mining in the ice network require keeping the App open all the time?
Ans.... No, mining doesn't consume any phone resources.
Q27. 3. What information can you find on the team screen in the Ice project app?
✅ The current check-in activity of your referrals.
28. What does the term halving refer to in the cryptocurrency industry?
✅ The process of reducing the issuance rate of new coins.
29. What is the bonus you and your Tier 1 friends receive when mining together?
✅ 25% bonus.
30. On what network will the Ice distribution take place?
✅ BNB Smart Chain.
31. How can users earn Ice in the Ice network?
✅ By checking in every 24 hours.
32. How does the Ice project aim to demonstrate the value and reliability of its digital coin to gain wider acceptance?
✅ By building trust with owners and users.
34. How often will the BNB Smart Chain distribution occur in the Ice Network?
✅ Monthly.
35. Why did the Ice project team feel the need to create a new cryptocurrency?
✅ To create a transparent, fair, and accessible cryptocurrency.
36. How are Validators selected and reelected in the Ice network?
✅ Validators are elected by the community and must be reelected every two years.
37. How many times can you benefit from the resurrection option in the Ice project?
✅ Once.
38. When are users notified about the availability of extra bonuses in the Ice project?
✅ Between 10:00 and 20:00.
39. What factors determine the total supply of Ice coins?
✅ Multiple factors, including total registered users, online miners, halving events and bonuses.
40. What blockchain technology does the Ice project use for its consensus mechanism known for its speed, security and scalability?
✅ Proof-of-Stake (POS)
41. What is the role of validators in the Ice network’s governance and operation?
✅ Validators are tasked with maintain the network’s security and availability.
42. In the Ice project, what is the purpose of the resurrection feature?
✅ To restore all slashed coins after a period of inactivity.
43. What is the primary role of the Ecosystem Growth and Innovation Pool Fund in the Ice network?
✅ To foster innovation and expand the ecosystem.
44. Does mining in the Ice network require keeping the app open all the time?
✅ No, mining doesn’t consume any phone resources.
45. What is the primary focus of the Treasury Fund in the Ice network’s financial ecosystem?
✅ Supporting research and development efforts.
46. What sets Ice apart fromother cryptocurrencies in terms of mining?
✅ Ice mining requires zero energy processing power,and battery life.
47. How can a user restore lost coin due to inactivity in the Ice project?
✅ By initiating a new check-in session and choosing the resurrection option.
48. What is the staking concept similar to?
✅ Depositing money in the bank
49. What is the primary goal of the ice network?
✅ To build a decentralized ecosystem
50. What is the main advantage of ice being an open source project?
✅ it promotes transparency and allow everyone to review the project code.
51. What make ice unique in the concept of crypto mining
✅ it allows users to mine without using their phones resources, data and battery
52. During phase 1 of the ice project, how much can users increase their mining rate through pre-staking?
✅ 250%
53. What happens to the coins of users who become inactive in the ice project?
✅ They are gradually lost through progressive slashing
54. How does the ice project encourage trust and social connection among its users?
✅ By offering bonuses based on referrals and network activity
55. technology does the ice project employ for its consensus mechanism, renowned for its Rapiddity, security, and scalability
✅ Proof Of Stake (POS)
56. what set the ice project apart from other crypto projects in terms of rewarding users?
✅ ice rewards only active and engaged community members
57. what distinguishes the ice network from other mining methods?
✅ it rewards those who actively build micro-communities
58. how many consecutive days of mining are required to accumulate one day off in the ice projects?
✅ 6 days
60. what is the staking concept similar to
✅ Deposting money in a bank
