What Is Ice Open Network (ICE)? A Guide to Scalable Web3

Key Takeaways

• What is Ice Open Network? Ice Open Network (ION) is an ultra-fast Layer 1 blockchain that empowers users to build and use scalable, privacy-focused decentralized apps (dApps) with full control over their data and identity.

• Innovative Technology: Built on The Open Network (TON) with sharding and a no-code dApp builder, ION supports millions of transactions per second.

• Unique Token Model: The $ICE token drives transactions, staking, governance, and rewards, with a deflationary mechanism to enhance value.

• Strong Traction: ION has over 40 million users and 200 validators since its mainnet launch in January 2025.

Summary Box (Quick Facts)

• Ticker Symbol: ICE

• Chains: ION (native), bridged to Ethereum, Solana, BNB Chain

• Contract Address: 0xc335df7c25b72eec661d5aa32a7c2b7b2a1d1874 (BNB Chain)

• Total Supply: 21,150,537,435 ICE tokens

• Current Market Cap: $41.98M 

• Availability on Phemex: Yes, Spot ICE/USDT 

What Is Ice Open Network ($ICE)?

Ice Open Network (ION) is a high-performance Layer 1 blockchain designed to make Web3 accessible by enabling anyone to create and use scalable, privacy-focused decentralized apps (dApps). Built on The Open Network (TON), ION addresses centralization challenges by giving users control over their data and digital identity. Whether you're a developer or everyday user, ION helps you:

• Create dApps Easily: Build apps for social media, e-commerce, or finance using a no-code drag-and-drop dApp builder, no coding skills needed.

• Safeguard Privacy: Use ION ID for secure, user-controlled digital identities and ION Vault for encrypted, decentralized storage.

• Earn Rewards: Mine $ICE on mobile devices, stake for rewards, or participate in governance to shape the network’s future.

• Enjoy Fast Transactions: Experience millions of transactions per second with low fees, perfect for global-scale applications.

The $ICE token powers this ecosystem, supporting transactions, staking, governance, and rewards with a deflationary model to boost long-term value.

How Many ICE Tokens Are There?

ION launched with a total supply of 21,150,537,435 $ICE tokens, with 6.61 billion in circulation as of August 2025. The distribution encourages community participation and ecosystem growth:

What Does the ICE Token Do?

The $ICE token is central to the ION ecosystem, enabling a user-centric Web3 environment:

• Transactions: Pay for dApp interactions, services, or goods with low-cost, fast transactions.

• Staking: Stake $ICE via Proof-of-Stake (PoS) to secure the network and earn rewards.

• Governance: Vote on ecosystem upgrades and policies to influence ION’s development.

• Rewards: Earn $ICE by mining on mobile, running nodes, or creating content, with 20% of tipped coins burned to reduce supply.

ICE vs. Pi Network

ION and Pi Network both aim for widespread Web3 adoption but differ in focus and technology:

ION excels in scalability and developer tools, while Pi focuses on user-friendly mining.

The Technology Behind ICE

ION’s architecture integrates TON’s high-speed blockchain with privacy-focused features:

• ION Blockchain: A scalable L1 with sharding and TON Virtual Machine (TVM) for secure smart contracts.

• ION ID: Decentralized identity system for user-controlled data access in dApps.

• ION Connect: Censorship-resistant social media platform for decentralized content sharing.

• ION Vault: Quantum-resistant, encrypted decentralized storage for secure data.

• ION Liberty: Decentralized proxy and content delivery network for fast, private access.

• No-Code dApp Builder: Drag-and-drop tool to create dApps without coding expertise.

Team & Origins

Founded in 2022 by Alexandru Iulian Florea (Zeus), ION builds on TON’s foundation to prioritize privacy and scalability. The team’s transparent vision, detailed in the whitepaper, has driven adoption, with over 40 million users and 200 validators since the January 2025 mainnet launch.

Key News & Roadmap

• July 2023: Mobile mining launched, onboarding 9 million miners.

• October 2024: Mainnet launch announced for January 2025.

• January 2025: ION mainnet launched with $ICE token migration and 200 validators.

• Q2 2025: Online+ dApp and no-code dApp builder rollout planned.

Is ICE a Good Investment?

The $ICE token’s potential lies in ION’s scalable, privacy-focused ecosystem:

• Strengths:

  • Widespread Adoption: Over 40 million users and 9 million miners show strong community engagement.

  • Scalable Infrastructure: Supports millions of transactions per second, ideal for Web3 growth.

  • Deflationary Mechanism: Burning 20% of tipped coins enhances long-term value.

  • Recent Price Growth: $ICE’s price ($0.006346) is up 11% from one week ago, reflecting positive momentum.

• Risks:

  • Market Volatility: $ICE’s price is subject to crypto market fluctuations.

  • Competition: Competes with established networks like Pi Network.

  • Execution Risks: Success hinges on delivering promised features like Online+ and dApp builder.

Investors should conduct thorough research and evaluate risks.

How to Buy ICE on Phemex

Once the token is live, you can easily buy ICE on Phemex by following these steps:

1. Create a Phemex account if you don't already have one.

2. Deposit funds (like USDT) into your Phemex wallet.

3. Navigate to the ICE/USDT spot trading page.

4. Enter the amount you wish to buy and place your order. You can then trade ICE or hold it in your wallet.

Closing Thoughts

Ice Open Network ($ICE) is transforming Web3 with a scalable, privacy-first blockchain that empowers users and developers. From no-code dApp creation to secure identity and storage, ION makes decentralized technology accessible to all. With robust community traction and a clear roadmap, $ICE is poised to lead the next wave of Web3 innovation.

FAQs About ICE

1. What makes ICE different from other blockchains?
   ION’s ultra-fast L1, no-code dApp builder, and privacy-focused tools like ION ID and ION Vault make it ideal for scalable Web3 applications.

2. How does staking work in ICE?
   Staking $ICE via PoS secures the network, earns rewards, and allows governance participation.

3. Can I build dApps on ION?
   Yes, ION’s no-code dApp builder, launching in Q2 2025, enables anyone to create dApps without coding skills.

Disclaimer: The content provided in this article is for informational purposes only and does not constitute financial, investment, legal, or trading advice. Cryptocurrency markets are highly volatile and involve significant risk. Readers should conduct their own research and consult with a qualified financial advisor before making any investment or trading decisions. Phemex and the author are not responsible for any losses or damages resulting from the use of the information presented herein.