The Ice Open Network (ION) has recently seen its market cap surge back above the $30 million mark. This resurgence comes just 12 hours after the launch of the Sunwaves Token (SW), the first project under the ION ecosystem.
In this short span, the dedicated community burned over 4,500,000 $ICE coins.
🔥 $ICE Token Burn 🔥
In just 12 hours since #SW was launched as the first project under the #ION ecosystem, the community has burned over 4,500,000 Coins.
With more projects launched, more and more coins will be burned.
⏳ Soon we will announce the next project to launch! pic.twitter.com/8qjPgYE5Lh
— Ice Open Network (@ice_blockchain) June 20, 2024
Now, three days post-launch, the community has collectively burned more than 20,000,000 $ICE coins. This aggressive burning strategy has significantly contributed to the rise in the market cap and reflects the strong support and participation within the ION community.
🚀 In just 3 days since the launch of #SUNWAVES, our incredible community has BURNED over 20,000,000 $ICE Coins! 🔥
Huge shoutout to our AMAZING supporters. This is just the beginning! 🌟 #ION pic.twitter.com/svsJ4vPEZ1
— Ice Open Network (@ice_blockchain) June 22, 2024
AI Project Set To Launch On Ice Network Soon
As more projects launch within the ION ecosystem, the burn rate of $ICE coins is expected to increase, potentially driving the value higher. The Ice Open Network has also announced the upcoming launch of its next project—an AI company set to revolutionize the telecommunications industry. This new venture is anticipated to further accelerate the coin burn rate, enhancing the overall ecosystem’s value and sustainability.
📡 The next project launching on #ION is an #AI company revolutionizing the telecommunications industry!
Can you guess the use case? đź’¬
👇 Drop your ideas in the comments below! pic.twitter.com/0o6H0yshAR
— Ice Open Network (@ice_blockchain) June 21, 2024
The strategic coin burns and the introduction of innovative projects underline ION’s commitment to growth and development. The community’s active involvement in burning coins demonstrates a robust belief in the network’s potential. With each new project, the deflationary effect on $ICE coins is likely to attract more investors, driving further market cap growth.
ION’s recent activities signal a promising future, with the potential for substantial gains as the ecosystem continues to expand. Investors and community members are eagerly anticipating the impact of the AI telecommunications project, which could mark another significant milestone for the Ice Open Network.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Image Source: bborriss/123RF // Image Effects by Colorcinch
