ICE level 3 KYC questions and answers 

Understanding Level 3 KYC in Ice: Ensuring Community Understanding and Trust

In the realm of digital currencies like Ice, trust and understanding are paramount. To maintain the integrity of its network and ensure that participants have a comprehensive grasp of the project, Ice implements a rigorous Level 3 Know Your Customer (KYC) process. This level of verification involves answering a series of 21 questions about the Ice project, with a passing score set at 18 correct answers.

 Why Level 3 KYC?

The purpose of Level 3 KYC goes beyond mere identity verification; it serves as a litmus test for participants' understanding of the Ice project. By requiring individuals to demonstrate a deep comprehension of Ice's fundamentals, the platform can weed out those who may lack the necessary understanding to contribute meaningfully to the community.

 Fostering Community Knowledge

Most of the questions and answers required for Level 3 KYC can be found on Ice.io/faq, the project's official FAQ page. This centralized repository of information serves as a valuable resource for individuals seeking to deepen their understanding of Ice. By encouraging participants to engage with this content, Ice not only ensures that users are well-informed but also fosters a culture of continuous learning and community involvement.

 Empowering Informed Participation 

By setting a high bar for knowledge and understanding, Ice promotes a community of informed participants who can actively contribute to the project's growth and development. Moreover, by eliminating individuals who repeatedly fail the Level 3 KYC, Ice protects the integrity of its network and fosters trust among its members.

 Building a Strong Foundation for the Future

As Ice continues to evolve and expand its ecosystem, the importance of a knowledgeable and engaged community cannot be overstated. By prioritizing understanding through initiatives like Level 3 KYC, Ice lays a strong foundation for sustainable growth and innovation in the digital currency space.

Find the Ice KYC level 3 questions and answers below;

What's the intention behind the lock period designated for certain portions of the coin distribution in the Ice project 

Answer; To promote Long term commitment to the project 

How does the Ice project utilize strategies to demonstrate the value and reliability of it's digital currency to encourage wider adoption

Answer; By building trust with owners and users

If a new bonus is granted and claimed before the current one expires, how long does the daily additional bonus remain valid within the Ice project 

Answer; 24 hours 

Do users need to keep the app open at all times for mining in the Ice network 

Answer; No mining doesn't consume any phone resources

What set Ice apart from other cryptocurrency initiative regarding users rewards

Answer; Ice reward only active and engaging community members 

How do users invite their friends to join their team on Ice

Answer; By sharing their referral code from the app 

How are validators designated and subsequently re-elected within the Ice network 

Answer; Validators are elected by the community and must be re-elected every two years 

How can users accumulate Ice tokens within the Ice network

 

Answer; By checking in every 24 hours 

What prompted the Ice project team to develop a new cryptocurrency 

Answer; To create a transparent, fair and accessible cryptocurrency

What's the length of the staking period for Users who choose to pre stake their token in preparation for the mainnet release 

Answer; Upto 5 years

What set Ice apart from other cryptocurrency in terms of mining

Answer; Ice mining requires zero energy processing power and battery life 

What functions do validators fulfill in the governance and operations of the Ice network

Answer; Validator are tasked with maintaining the network security and availability

What specific information is provided on the team screen within the Ice project app

Answer; The current check in activity of your referral 

What type of bonuses do you receive for tier 1 friends directly referred by you and for tier 2 friends referred by your tier 1 friends in the Ice project 

Answer; 25% for tier 1 and 5% for tier 2 

How can users recover lost coin due inactivity within the Ice project

Answer; By initiating a new check in session and choosing the resurrection option

How is governance managed within the Ice network 

Answer; Decentralized community driving governance

In the Ice project what's the mining bonus when mining simultaneously with 3 tier 1 friends and 5 tier 2 friends members

Answer; 100%

How can users ensure smooth mining operations if you're unable to precisely tap the ice logo at the conclusion of the 24 hours mining circle

 

Answer; Tap and hold the ice logo button for 1 second after 12 hours 

What factors influence determination of the total supply of the ice coin

Answer; Multiple factors including total registered users, online miners, halving event and bonuses

How frequently should you perform check in to gather Ice rewards through mining

Answer; Every 24 hours

What additional benefits do you and your tier 1 companions gain when mining together

Answer; 25%

Which blockchain technology does the Ice project utilize for it's consensus mechanism know for it rapidity security, and scalability

Answer; Prove-of-stake (POS)

What's the core purpose of the treasury fund within the financial structure of the Ice network 

Answer; Providing liquidity for robust trading 

What's the primary objective of the Ice network

Answer; To build a decentralized ecosystem 

What purpose does the resurrection future serve in the Ice project

Answer; To restore all slashed coins after a period of inactivity

What occur after utilizing all the accumulated days off within the ice projects

Answer; You automatically enter a slashing mode 

What sets the Ice project apart from other cryptocurrency initiatives regarding user reward 

Answer; Ice reward only active and engage community members

What function do Validators fulfill in the governance and operation of the Ice network 

Answer; Validators are tasked with maintaining the network security and availability

How often is BNB smart chain distribution in the ice network 

Answer; Monthly

What distinguishes ice within the realms of cryptocurrency mining 

Answer; It allow users to mine without using their phone resources data or battery

How does the Ice project cultivate trust and social connection among its users 

Answer; By offering bonus base on referral and network activities

What are the procedures for completing kyc step 1 within the eyes network

Answer; Face recognition and liveness detection

What prompted the Ice project team to develop a new cryptocurrency 

Answer; To create transparent fear and accessible cryptocurrency

How do users earn the pre stake bonus in the ice project 

Answer; By increasing their mining rate

How can you ensure smooth mining operation if you are unable to precisely tap the highest logo button at the conclusion of the 24 hours mining circle 

Answer; Tap and hold the ice logo button for one second after 12 hours

What other established concept exhibit similarities to staking 

Answer; Deposit money in a bank

What advantages does ice gain from being an open source project 

Answer; It promotes transparency and allow anyone to review the projects code

What's the core principle of the ice project emphasize the significance of collaboration and corporation among individual with positive intention 

Answer; The power of many

On which network will the distribution of Ice take place 

Answer; BNB smart shape

How does the Ice project utilize strategies to demonstrate the value and reliability of its digital currency to encourage wider adoption 

Answer; By building trust with owner and users

How many day of continuous mining within the ice project are necessary to acquire a single day off 

Answer; 6 days

How frequently should you perform checking to gather ice reward through mining 

Answer; Every 24 hours

What is the primary objective of the ice network 

Answer; To build a decentralize ecosystem

What distinguish the Ice network from traditional mining method

Conclusion

In the dynamic world of digital currencies, trust and understanding are invaluable assets. Ice's Level 3 KYC process exemplifies its commitment to fostering a community of knowledgeable and engaged participants. By empowering individuals with the tools and resources to deepen their understanding of the project, Ice sets the stage for a future built on trust, transparency, and inclusivity.