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Ice Mining Network KYC 3 all Quiz Answers ICE QUIZ QUSTIONS FOR THE UPCOMING KYC 3 1. How is the Pre-Stake bonus in the Ice project rewarded to users? *✅ By Increasing their mining rate.* 2. What is the Ice network’s approach to governance? *✅ Decentralized, community driven governance.* 3. What information can you find on the team screen  in the Ice project app? *✅ The current check-in activity of your referrals.* 4. What does the term halving refer to in the cryptocurrency industry? *✅ The process of reducing the issuance rate of new coins.* 5. What is the bonus you and your Tier 1 friends receive when  mining together? *✅ 25% bonus.* 6.  On what network will the Ice distribution take place? *✅ BNB Smart Chain.* 7. How can users earn Ice in the Ice network? *✅ By checking in every 24 hours.* 8. 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.* 9. 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? *✅ 25% for Tier 1 and 5% for Tier 2.* 10. How often will the BNB Smart Chain distribution occur in the Ice Network? *✅ Monthly.* 11. Why did the Ice project team feel the need to create a new cryptocurrency? *✅ To create a transparent, fair, and accessible cryptocurrency.* 12. How  are Validators selected and reelected in the Ice  network? *✅ Validators are elected by the community and must be  reelected  every two years.* 13. How many times can you benefit from the resurrection option in the Ice project? *✅ Once.* 14. When are users notified about the availability of extra bonuses in the Ice project? *✅ Between 10:00 and 20:00.* 15. What factors determine the total supply of Ice coins? *✅ Multiple factors, including total registered users, online miners, halving events and bonuses.* 16. What blockchain technology does the Ice project use  for its consensus mechanism known for its speed, security and scalability? *✅ Proof-of-Stake (POS)* 17. 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.* 18. In the Ice project, what is the purpose of the resurrection feature? *✅ To restore all slashed coins after a period  of inactivity.* 19. What is the primary role of the Ecosystem Growth and Innovation Pool Fund in the Ice network? *✅ To foster innovation and expand the ecosystem.* 20. Does mining in the Ice network require  keeping the app open all the time? *✅ No, mining doesn’t consume any phone resources.* 21. What is the primary focus of the Treasury Fund in the Ice network’s financial ecosystem? *✅ Supporting research and development efforts.* 22. What sets Ice apart fromother cryptocurrencies in terms of mining? *✅ Ice mining  requires zero energy processing power,and battery life.* 23. 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.* 24. What is the staking concept similar to? ✅ *Depositing money in the bank* 25. What is the primary goal of the ice network? ✅ *To build a decentralized ecosystem* 26. What is the main advantage of ice being an open source project? ✅ *it promotes transparency and allow everyone to review the project code.* 27. What make ice unique in the concept of crypto mining ✅ *it allows users to mine without using their phones resources, data and battery* 28. During phase 1 of the ice project, how much can users increase their mining rate through pre-staking? ✅ *250%* 29. What happens to the coins of users who become inactive in the ice project? ✅ *They are gradually lost through progressive slashing* 30. How does the ice project encourage trust and social connection among its users? ✅ *By offering bonuses based on referrals and network activity*

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