In today’s category of Next Gem projects, we explore a project with a potential 10x return on investment. The Ice Open Network is a promising crypto project focused on addressing the challenges of centralization in today’s digital economy.
The project was inspired by Telegram’s TON blockchain and hopes to improve on the shortfalls of the TON blockchain which is arguably the hottest blockchain in the industry now.
The $ICE token, the native cryptocurrency of the Ice Open Network has been predicted by several analysts to rise to as high as $10 giving the project Utility.
The current price of the Token is however far from this predicted price level.
The ICE Open Network Project
The ICE open network is all about fighting centralization in the digital landscape.
According to the project’s whitepaper, the project is an improvement of Telegram’s The Open Network, and its mission is heavily focused on the decentralization of the digital landscape.
The Whitepaper explained the key mission of the project while addressing the challenges it is trying to tackle.
“Building upon the legacy of The Open Network (TON) blockchain, ION introduces an ecosystem of decentralized services aimed at fostering and rewarding participation and authentic content creation
In today’s digital landscape, the centralized nature of the internet severely limits individual control, posing grave concerns over data privacy, ownership, and autonomy. This centralization is most evident and problematic, especially in pivotal domains such as social networks, data storage, and content delivery, where users frequently face restricted control over their digital identities and personal data. This archaic infrastructure not only denies individuals their digital sovereignty but is increasingly incapable of catering to the ever-escalating need for rapid, voluminous data transactions. ION arises in response to these challenges, embodying our vision to restore power and control to the user, guarantee privacy, and facilitate scalable digital interactions.
Our vision is to reshape the digital landscape into a decentralized, participatory, and user-driven ecosystem, where every individual has unwavering control and ownership of their data and identity and is incentivized for their active participation and genuine content creation” The Whitepaper read.
The Ice Open Network hopes to achieve this mission by leveraging 5 key features of the project.
- Decentralized Digital identity.
- Decentralized Social media,
- Decentralized Proxy and content delivery network,
- Decentralized Storage
- Decentralized database.
The ION project is all about sticking to the core promise of the cryptocurrency concept which is decentralization
Would the $ICE Token 10x?
The ION project has a very relevant utility and the performance of its Native token over the months have been impressive. The native crypto token of the ICE open Network is called $ICE and the token surged brilliantly well towards the end of last month.
The $ICE token which is backed by Binance surged to a price level of $0.0097, its highest level since Feb. 24, and over 202% above its lowest level in August.
Besides the impressive surge by the token, The $ICE token is a well-recognized asset listed on a whopping 22 centralized exchanges. Some of the exchanges where the $ICE token is listed include Lbank, Tapbit, Deepcoin, and Coinstore.
As for token trading, a huge bulk of it occurred on more popular exchanges like OKX, HTX, Gate.io, and Mexc.
From a Technical analysis point of view, $ICE token will make for a good investment in the long run.
Data pulled from a Crypto. news price analysis explained that the ION token surged after forming a triple-bottom pattern at $0.0031 in March, April, and August. The Asset broke above its neckline at $0.0060, the highest swing on June 7, and the triple bottom’s neckline.
The Token remained above the 50-day moving average, while the Commodity Channel Index has moved downward. There are also signs that it has formed a small shooting star candlestick pattern, a popular reversal signal.
The above analysis indicates that the ICE token will exhibit some volatility before resuming its Bull Run and upward surge in price.
How to buy $ICE Token
- Choose an exchange in which $ICE token is listed, eg Binance, OKX or Gate.io
- Create an account
- Fund your account using your available crypto assets
- Navigate to the Ice Open Network market
- Choose a transaction amount
- Confirm Purchase
- Complete transaction
- Transfer to a hardware wallet for storage.