Complete Coverage of Ice Open Network: Potential Layer-2 Solution for the Cosmos Ecosystem

[CryptoHolic]

1. Overview of Ice Open Network

Ice Open Network (ICE) is a Layer-2 (L2) scaling solution for the Cosmos ecosystem. Using advanced Rollups technology, Ice Open Network helps solve scalability issues and high transaction fees on the Cosmos blockchain, while providing a fast, secure and efficient trading experience for users .

2. Ice Open Network Ecosystem

The Ice Open Network ecosystem is in the early stages of development but has attracted many potential projects to participate, including:

Cosmos Hub: Central blockchain of the Cosmos ecosystem.
Osmosis: The leading decentralized exchange (DEX) on Cosmos.
Stargaze: NFT platform for Web3 applications.
Secret Network: Blockchain secures sensitive data.
Sei Network: Platform for decentralized finance (DeFi) applications.
3. Operation Status of Ice Open Network

Ice Open Network is in the testnet phase and is expected to launch mainnet in Q4/2024. However, the project has attracted the attention of the Cosmos community and is highly appreciated for its huge development potential.

4. Complete Guide to Ice Open Network

Highlights of Ice Open Network:

High scalability: Ice Open Network can process thousands of transactions per second, completely solving the problem of Cosmos network congestion.
Low transaction fees: Transaction fees on Ice Open Network are significantly cheaper than Cosmos Hub, helping users save costs.
Strong security: Ice Open Network inherits the high security capabilities of the Cosmos blockchain.
Compatibility: Ice Open Network is compatible with all tokens and applications on Cosmos Hub.
ICE tokens:

Original token of Ice Open Network.
Used to pay transaction fees, participate in network governance, and receive rewards.
Total supply: 100 million ICE.
Token allocation:
Team: 20%
Investors: 20%
Development fund: 20%
Staking and liquidity: 40%