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Decentral Games ICE

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This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Decentral Games ICE?

Decentral Games ICE (ICE) is a cryptocurrency token used within the Decentral Games platform. It serves as in-game cash, allowing users to play games, purchase in-game items, and trade with other players. ICE tokens are also used for NFTs representing in-game items. The token is part of a larger ecosystem focused on player engagement and token trading, with applications in online gaming and the Metaverse.

How is Decentral Games ICE used?

Decentral Games ICE (ICE) is an in-game currency used within the ICE Poker platform, a Metaverse poker platform. Users can earn ICE by playing ICE Poker, completing daily challenges, or competing in tournaments. The earned ICE can be used to purchase wearable skins to play, upgrade wearable skins, buy accessories, and buy Shine to enter tournaments.

How do I store Decentral Games ICE?

To store Decentral Games ICE (ICE) tokens securely, it is recommended to use "Cold Wallets," which are offline wallets. There are two types of cold wallets:

  1. Paper Wallet: This involves generating a public and private key offline and printing them on a piece of paper. The keys are in the form of QR codes, which can be scanned for future transactions. This method is simple and secure but may not be suitable for large quantities of tokens.

  2. Hardware Cold Wallet: This is a physical device where you can store your cryptocurrency. Your crypto addresses and keys are kept in a USB drive device, and only the person possessing the USB drive can access the assets. This method is preferred by most users, especially for storing large numbers of coins or tokens.

How to buy Decentral Games ICE?

To buy Decentral Games ICE (ICE) tokens, follow these steps:

  1. Download and Set Up a Crypto Wallet:

    • Download the Trust Wallet app or the Google Chrome extension.
    • Register and set up the wallet, ensuring you keep your seed phrase safe and note your wallet address.
  2. Buy MATIC as Your Base Currency:

    • Log in to your Binance account and purchase MATIC.
    • If you are not an existing user, refer to the guide on how to buy MATIC.
  3. Transfer MATIC to Your Crypto Wallet:

  • Go to your Binance wallet section and withdraw the MATIC to your Trust Wallet.
  • Set the network to Polygon/Matic, provide your wallet address, and specify the amount to transfer.
  1. Choose a Decentralized Exchange (DEX):

    • Select a DEX that supports the Polygon/Matic network and your wallet.
    • Popular options include Quickswap and 1inch.
  2. Connect Your Wallet to the DEX:

    • Use your wallet address to connect to the chosen DEX.
  3. Trade MATIC for Decentral Games ICE:

  • Select MATIC as the payment and Decentral Games ICE as the coin you want to acquire.
  • If ICE does not appear, find its smart contract address on Polygonscan and paste it into the DEX.
  1. Apply the Swap:
    • Complete the transaction by clicking the Swap button.

Remember to be cautious of scams and ensure you have the official contract address. Additionally, consider the market risks and volatility before investing.

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History of Decentral Games ICE

Decentral Games ICE (ICE) is the in-game currency for the metaverse poker game ICE Poker, built on the Polygon blockchain. The game allows players to earn rewards by completing daily challenges and competing on a daily leaderboard, with skilled players receiving $ICE tokens. These tokens can be used to upgrade in-game items and access new tournament modes.

Decentral Games (DG) initially faced scalability issues with various RPC providers, leading to frequent outages and manual workarounds. They turned to Alchemy's Web3 developer platform, which provided consistent reliability and accurate blockchain data. This partnership enabled DG to achieve unprecedented growth, with a market cap of over $39 million as of August 5.

ICE Poker has seen significant success, with over 1,000 daily transactions and an average transaction cost of $0.01. The game's backend infrastructure, handled by Alchemy, has scaled to meet the demands of large NFT drops, ensuring seamless and uninterrupted gameplay.

The ICE token is part of a broader ecosystem focused on user autonomy, data privacy, and decentralized functionality. This ecosystem includes components such as IceID for decentralized digital identity, IceConnect for decentralized social protocols, and IceVault for decentralized storage solutions.

In terms of market performance, the price of Decentral Games ICE has fluctuated over time. As of June 18, 2024, the current price is $0.00003805 USD, with a 24-hour trading volume of $28,658.66 USD. The market cap stands at $8,633, with a circulating supply of 226,662,490 ICE tokens.

Price predictions for ICE suggest a potential rise to $0.000125 by July 17, 2024, representing a 224.36% increase. However, the current sentiment is bearish, indicating a potentially volatile market.

Overall, Decentral Games ICE has established itself as a key player in the metaverse gaming space, leveraging the Polygon blockchain and Alchemy's infrastructure to provide a seamless and scalable gaming experience.

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How Decentral Games ICE works

Decentral Games ICE (ICE) is a cryptocurrency that operates within the Decentral Games ecosystem, primarily used in the ICE Poker game. Here's an overview of how it works:

ICE Poker Game

ICE Poker is a free metaverse poker game where players earn rewards by completing daily challenges and competing against each other on a daily leaderboard. The game is built on the Polygon blockchain, which provides low fees and fast transaction times, making it accessible to a wider user base.

Earning ICE Tokens

Players can earn ICE tokens by participating in the game. The tokens are used to upgrade items and access new tournament modes. Additionally, players can burn ICE and XP to upgrade NFTs, increasing rewards by up to 35-45%.

Wearables and NFTs

Players need to purchase or be delegated at least one wearable NFT to begin playing. These NFTs can be minted or bought on OpenSea. The wearables provide chips daily, and players earn ICE tokens and XP by completing challenges. The Daily Leaderboard affects the rewards multiplier, with top players receiving higher multipliers.

The ICE Merge Reward System

The ICE Merge is a new reward system that replaces the original system. Delegated players now earn Banked ICE instead of $ICE tokens. Banked ICE can be redeemed for various rewards, including discounted wearables and $ICE tokens. This system aims to reduce $ICE emissions, stabilize the price, and create a deflationary supply of $ICE.

ICE Token Usage

ICE tokens are used for various purposes within the ecosystem:

  • Upgrading items and accessing new tournament modes
  • Burning ICE and XP to upgrade NFTs
  • Redeeming Banked ICE for rewards
ICE Token Supply and Market

The total supply of ICE tokens is 313,384,303, with a circulating supply of 226,662,490. The market capitalization is around $8,633, and the token is traded on various exchanges.

Decentral Games Ecosystem

Decentral Games aims to create a user-centric digital environment with a focus on user autonomy, data privacy, and decentralized functionality. The ecosystem includes various components such as IceID (decentralized digital identity), IceConnect (decentralized social protocol), IceNet (decentralized content delivery), IceVault (decentralized storage solution), and IceQuery (decentralized database service).

Overall, Decentral Games ICE operates within a metaverse gaming ecosystem, leveraging blockchain technology to provide a decentralized and user-centric experience.

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Decentral Games ICE's strengths

Decentral Games ICE (ICE) is a cryptocurrency token that operates within the Decentral Games ecosystem. It is an ERC-20 token on the Polygon network, designed to incentivize player liquidity and enable upgrades of in-game items in the Decentral Games ICE Poker platform.

Strengths of Decentral Games ICE (ICE)
  1. In-Game Currency: ICE serves as the in-game currency for Decentral Games, allowing users to play games, buy in-game goods, and trade with other players. This utility provides a strong foundation for the token's value and usage.

  2. Polygon Network: As an ERC-20 token on the Polygon network, ICE benefits from the scalability and efficiency of this blockchain, which supports fast and low-cost transactions.

  3. Gaming Ecosystem: Decentral Games ICE is part of a larger gaming ecosystem that includes DG Casino and ICE Poker, offering a variety of games and activities that drive demand for the token.

  1. Upgrade and Customization: ICE can be used to upgrade in-game items, such as wearables, and purchase Shine to enter tournaments, enhancing the gaming experience and encouraging token usage.

  2. Accessibility: ICE can be bought and traded on various platforms, including QuickSwap and decentralized exchanges, making it accessible to a wide range of users.

These strengths contribute to the token's potential for growth and adoption within the gaming and cryptocurrency communities.

Decentral Games ICE's risks

Decentral Games ICE (ICE) is a cryptocurrency that carries several financial risks. These risks include:

  • Security Weaknesses: The project is susceptible to various types of attacks, such as malware, denial of service, consensus-based attacks, Sybil attacks, smurfing, and spoofing. Additionally, intentional or unintentional weaknesses introduced by the development team or affiliates could negatively impact the ecosystem.

  • Uncertain Regulations and Enforcement Actions: The regulatory status of ICE and distributed ledger technology is unclear in many jurisdictions. Regulatory actions could negatively impact ICE, and the project may need to cease operations in certain jurisdictions if regulations become unfavorable.

  • Inadequate Disclosure of Information: The project is still under development, and its design concepts, consensus mechanisms, algorithms, and other technical details may be constantly updated. Insufficient information disclosure is inevitable, which can make it difficult for investors to make informed decisions.

  • Market Volatility: Cryptocurrency prices are subject to high market risk and price volatility. The value of an investment in ICE can go down as well as up, and investors may not get back the amount they invested.

  • Risk of Failure to Develop: The development of the decentral.games ecosystem may not be executed as planned, which could lead to the loss of all or part of the investment.

  • High Risk Investment: ICE has been assessed as a relatively high-risk investment by various risk analysis systems. This means that investors should be cautious and carefully consider their investment experience, financial situation, investment objectives, and risk tolerance before investing in ICE.

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Did Decentral Games ICE raise funds?

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Decentral Games ICE's ecosystem

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Decentral Games ICE’s team

  • Miles Anthony: Co-Founder & CEO of Decentral Games, responsible for leading the company and overseeing the development of ICE Poker and other projects.
  • Steve Becerra: Co-Founder & CTO of Decentral Games, responsible for creating the metaverse MVP, designing the Web3 architecture, and managing the development of the Play-to-Earn game architecture.
  • Kyle Gusdorf: Software Engineer at Decentral Games, involved in the development and scaling of ICE Poker, particularly with regards to infrastructure and reliability.

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