Ice Open Network
Crypto Overview
Purpose and Intended Use
The Ice Open Network is a Layer-1 blockchain protocol designed to provide decentralized file storage and cloud computing services. The ICE token serves as the native cryptocurrency for the network, used for transaction fees, staking, and governance.
Business Model and Utility
The platform aims to create a decentralized alternative to traditional cloud storage providers. Users can store files and run computing tasks while node operators earn ICE tokens for providing storage space and computing power.
Real-World Adoption
The project is in its early stages of development. While the mainnet is live, current usage metrics indicate limited adoption. The network currently has a small number of active nodes providing storage services.
Platform Development
Development activity appears consistent based on GitHub repositories, with regular updates to the core protocol. The team maintains an active development roadmap focused on expanding storage capabilities and improving network performance.
Token Distribution
The initial token distribution allocated 30% to the founding team and early investors, with vesting periods extending over 4 years. 40% is reserved for network operations and staking rewards, with the remaining 30% distributed through various community initiatives.
Revenue Model Analysis
The revenue model is based on legitimate service provision - storage and computing resources - rather than interest-bearing activities or prohibited industries. Node operators earn rewards through providing actual utility to the network.
Crypto Impact
To assign a comfort level investing in Ice Open Network from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Ice Open Network.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.