Ice Network KYC 3 Quiz Questions And Answers: ICE Network KYC Step 3 and Its 21 Quiz
Home KYC In this article, you’ll learn the Ice Network KYC Step #3 quiz (Questions And Answers)
Many ICE Network miners faced challenges with KYC 2, but thanks to the ICE team, KYC Step 3 emerged as a lifeline. In this post, we’ll guide you through the process and share all the Quiz Answers to ensure a smooth completion.
The KYC Journey: Overcoming Hurdles
Many encountered roadblocks during ICE Network KYC 2, often due to unforeseen circumstances like suspended Twitter accounts. Recognizing this, the ICE team introduced KYC Step 3 as an alternative, granting miners access to their ICE tokens.
ICE Network KYC Step 3 Quiz Answers
To successfully complete KYC Step 3, a minimum score of 18 out of 21 on the Ice Project Verification Quiz is required. Here are the questions and answers:
Q 1: What strategies does the ice project employee to showcase the value and trust were the less of its digital currency in order to Garner broader adoption?
or
Q 1: How does the eyes project aim to demonstrate the value and reliability of its digital coin to gain wider acceptance?
A: by building trust with owners and users.
Q 2: what is the primary role of the ecosystem growth and innovation pool fund within the ice network?
A: to foster Innovation and expand the ecosystem.
Q 3: what kind of bonuses do you receive for Tier 1 friend referred by you and Tier 2 friends referred by your Tier 1 friends in the ice project?
A: 25% for Tier 1 and 5% for Tier 2
Q 4: what details are available on the team screen within the ice project app??
A: the current check in activity of your referrals.
Q 5: what is the fate of coins owned by users who become inactive within the ice project?
A: They are gradually lost through progressive slashing.
Q 6: how are validators chosen and re-elected within the ice network ?
A: Validators are elected by the community and must be reelected every 2 years.
Q 7: in the cryptocurrency industry, what does the term “Halving” signify?
A: The process of reducing the issuance rate of new coins.
Q 8: Is it necessary to keep the app open at the time for mining in the ice network?
A: no mining does not consume any phone resources.
Q 9: what is the primary focus of the treasury fund in the financial ecosystem of the ice network?
A: Providing liquidity to maintain robust trading.
Q 10: After using all the accumulated days off in the ice project what follows? or
Q 10: What happens after you use all the accumulated days off in the ice project?
A: You automatically enter the slashing mode.
Q 11: what is the main objective of the governance model within the ice network?
A: to create a transparent, secure and equitable system.
Q 12: if a new bonus is granted and claimed before the current one expire how long does the daily extra bonus remain valid in the ice project?
A: 24 hours
Q 13: at what intervals should you check into accumulate ice rewards from mining?
A: every 24 hour
Q 14: fundamental principles of the ice project underscores the importance of collaboration and cooperation among individuals with positive intentions?
A: the power of many.
Q 15: what sets ice apart in the realm of Crypto mining?
A: it allows users to mine without using their phones resources, data or battery.
Q 16: how can you guarantee seamless my name if you are unable to type the ice logo button of the 24 hour mining cycle ?
A: Tap and hold the ice logo button for one second after 12 hours.
Q17: what does the ice network aim to achieve primarily?
or
Q 17: What is the primary goal of the ice network
A: to build a decentralized ecosystem.
Q 18: how are users rewarded with the pre stake bonus in the ice project?
A: by increasing their mining rate.
Q 19: what is the duration of the staking period for users opting to pre stake their ice in preparation for the main net release?
A: up to 5 years.
Q 20: what steps are involved in completing KYC step 1 within the ice network?
A: face recognition and liveness detection.
Q 21: on what network will the ice distribution take place?
A: Bnb smart chain.
Q 22: what is the method for users to invite their friends to join their team on ice ?
A: by sharing their referral code from the app.
Q 23: what intervals should you check in to accumulate ice rewards from mining?
A: every 24 hours
Q 24: how does ice benefit from being an open source project?
A: it promotes transparency and all everyone to review the projects code.
Q 25: what blockchain Technology does the eyes project employee for its consensus mechanism renowned for its rapidity security and scale ability?
A: proof of stake POS
Q 26: What is the purpose of lock periods assigned to specific portions of the coin distribution in the ice project?
A: to promote long term commitment to the project
Q 27: how many time the resurrection option available for use in the ice project?
A: once
Q 28: How much can users boost their mining rate through pre-staking during phase 1 of the ice project?
A: up to 250%
Q 29: what is the frequency of bnb smart change distribution in the ice network?
A: monthly
Q 30: what factors contribute to determining the total supply of ice coins?
A: multiple factors including total registered users online minors Halving events and bonuses.
Q 31: how does the ice network handle Governance? Or approach to govrernance
A: decentralized community driven governance.
Q 32: How can users earn ice in the ice network?
A: by checking in every 24 hours.
Q 33: How does the ice project Foster trust and social bonds among its user base?
A: by offering bonuses based on referrals and network activity.
Q 34: What distinguish the ice project from other Crypto initiatives in terms of user rewards?
or
Q 34: What sets the ice project apart from other Crypto projects in terms of rewarding users?
A: ice rewards only active and engaged community members.
Q 35: What distinguish the ice network from other mining methods?
A: it is based on energy intensive mining practices .
Q 36: In the ice project what is the purpose of resurrection feature?
A: To restore all slashed coins after a period of in activity.
Q 37: When are uses notified about the availability of extra bonuses in the ice project ? or
Q 37: When do users receive notifications regarding the availability of additional bonuses in the ice project?
A: between 10:00 and 20:00
Q 38: What is the role of validators in the ice networks governance and operation?
A: validators are task with maintaining the networks security and availability.
Q 39: How can a user restore lost coins due to in activity in the ice project?
A: by initiating a net check in session and choosing the resurrection option.
Q 40: Why did the ice project team feel the need to create a new cryptocurrency ?
A: to create a transparent fare and accessible cryptocurrency.
Q 41: What distinguishes the ice network from other mining methods? or
Q 41: How does the ice network different from conventional mining methods?
A: It rewards those who actively build micro-communities.
Q 42: How many consecutive days of mining are required to accumulate one day off in the ice project
A: 6 days
Q 43: What is the staking concept similar to?
A: depositing money in the bank
Q 44: How much is the mining bonus in the ice project for mining simultaneously with the 3 tier 1 friends and 5 tier 2 members assuming the mining rate is 16 ice per hour
A: 100%
Q 45: How does ice stand out from other cryptocurrencies when it comes to mining?
A: Ice mining requires zero energy processing power.
Important Disclaimer
While we provide these answers, it’s crucial to note that ICE Network may change quiz questions, so diligence is key. Verify the ICE Project KYC Step #3 Quiz Answers before submission.
Conclusion
Completing ICE Network KYC Step 3 opens the door to a seamless ICE token experience. Navigate the quiz confidently, armed with the correct answers. Your journey with ICE awaits!
Note: For the latest updates or changes, always refer to the official ICE Network channels.
Originally published at https://www.digitalwisher.com on January 20, 2024.
