If you're wondering whether it's only a cool name in this case, continue reading, because the project is much more! Frozen is a new energy friendly, highly anonymous and fast paced cryptocurrency created to solve current challenges in the economic system by enabling small loans based on smart contracts on a secure blockchain peer-to-peer network provided by a MasterNode System.
Let's take a look into the specifications:
Ticker: ICE
Algorithm: C11
Total supply: 100.000.000 ICE
Block time: 60 seconds
Difficulty PoW: DGW3
Difficutly PoS: SeeSaw
MasterNode Collateral: 20.000 ICE
There will be multiple phases in terms of rewards:
but those phases can be split into 3 distinct areas:
- Pure PoW - initial phase
- PoW + transition to MasterNodes
- MasterNodes + PoS
As you can see, the biggest rewards are in the beginning of the project, so you better join in fast! You can join the community on Discord: https://discord.gg/NKPkQ2m
The roadmap presented on the Bitcointalk thread (here) indicates very concrete steps where in the first stage the team intends to develop all the necessary resources for a quick project startup. The second phase is focused on switching to complete PoS phase while at the same time providing all necessary information about the underlying business model through a whitepaper. The second phase also foresees Zerocoin activation, mobile wallets and payment gateway. Third and fourth stages are intended to bring the project to real life implementation.
Join the community and explore the new possibilities! Discord: https://discord.gg/NKPkQ2m
Stake till next time!