Categories: News

Ice Open Network Surpasses $30M Market Cap As Community Burns Over 20M $ICE Coins

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.

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.

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.

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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

Will Izuchukwu

Will is a News/Content Writer and SEO Expert with years of active experience. He has a good history of writing credible articles and trending topics ranging from News Articles to Constructive Writings all around the Cryptocurrency and Blockchain Industry.

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