♦️Introduction♦️
Iceburg is a deflationary yield farming protocol that promotes a vibrant community led ecosystem. The mission of iceburg finance is to create a user-friendly DeFi experience and add a new layer of features available. Users of our platform will experience zero-stress with automated DeFi farming for as long as they keep their ICE frozen. We keep it simple and honest alongside aiming to be a guiding hand in allowing developers to build on top of our work.
Iceburg is inspired by SushiSwap smart contracts. The codes have been modified and adjusted to suit better growth of the community, with functionalities like max supply and deflationaries are added. Iceburg Finance has no premined dev fund, so a Chef Nomi type rug pull is not possible. Furthermore, 100% of the initial liquidity provided (by dev team) on Uniswap will be locked for One Year using Unicrypt. The pool is designed to incentivize farming by providing liquidity for UNI-V2-LP on ICE-ETH pair.
Keep your ICE frozen to get more ICE. Don’t let it melt.
How Iceburg Improves Upon Sushi’s Fundamental Flaws
While Sushi contract is a groundbreaking protocol, it does have a few flaws. The thesis behind Iceburg is not to be simply a Sushi clone, but a fork with added improvements on top of the base-layer protocol.
♦️Premine Distribution♦️
Our premine is planned to be distributed fairly enough with no one holding too much of the initial supply. With that, the price manipulation is not possible by one holder. Also there are no reserved funds for the dev team from the premine, so no dumps by dev team is possible (as seen in few earlier Sushi clones). In addition, some premined tokens are reserved to be freely distributed among the community as bounty and airdrops.
♦️Max Supply♦️
Unlike SushiSwap, Iceburg finance has a maximum supply limit of 10,000 ICE tokens which can ever be generated. This is a hard coded limit and cannot be altered during the lifetime of the project.
♦️Block Rewards♦️
The block rewards are pre-calculated and predetermined to be deflationary in nature. This is to help price stability and growth. Unlike SushiSwap, where the initial block rewards were too high to produce lots of tokens at early stage, we have removed the bonus block reward feature from SushiSwap and replaced it with much more robust deflationary block reward algorithm where the block rewards will be decreased by 5% on a weekly basis. This reward structure is more suitable to provide high initial APY without minting too many tokens at early stage.
♦️Locked Liquidity♦️
While listing on Uniswap, the dev team will provide initial liquidity on the pool and lock it all for one year using Unicrypt. So unlike SushiSwap, no rug pulls will be possible. So the investors can confidently invest in this project without any fear of bad actors.
♦️Glacier Ownership♦️
Iceburg Finance ownership has been transferred to Glacier contract, so the dev cannot mint any tokens in the future. More about Glacier can be found below.
♦️Iceburg Finance Special Terms ICE♦️
This is the symbol/ticker for the Iceburg Finance Token. Its also most commonly used short hand for Iceburg Finance.
♦️Freeze♦️
Freezing means staking ICE-ETH UNI-V2 LP on our platform. This way your ICE remains frozen and generates more ICE for you. You’ll get ICE as reward for freezing, which can be claimed anytime you want with absolutely no lock outs.
♦️Freezer♦️
Freezer is the app on our platform where your ICE remains frozen and generates more ICE for you.
♦️Melt♦️
The process of conversion from ICE to ETH is called Melting.
♦️Glacier♦️
Glacier is the owner of ICE Token and the store house for ICE-ETH UNI-V2 LP. It generates ICE as freezing rewards and distribute to respective users. It also keeps track of all pools, users and freezers.
♦️Token Description♦️
Token Name = iceburg.finance
Token Symbol = ICE
Token Type = Ethereum ERC20
Total Supply = 10,000 ICE
Premine = 2,200 ICE
Rewards 60 ICE/day decreasing by 5% weekly
Premine Distribution
Presale = 1800 ICE
Uniswap Listing = 240 ICE (with liquidity locked for one year)
Bounties+Airdrop+Marketing = 160 ICE
♦️Dev Fund♦️
Funds for dev team are allocated in such a manner that the team can be constantly reminded to work hard for the success of the project. Dev Team will have no tokens allocated from premine. Instead, they will get a 4% cut from future block rewards. So, no need to worry about dumps and price manipulation. Dev funds will help in project growth and sustainable development because of the way the reward system is designed.
♦️Official Links♦️
♦️Website :- https://iceburg.finance/
♦️Telegram♦️ https://t.me/iceburgfinance
♦️Twitter♦️ https://twitter.com/iceburgfinance
♦️AUTHOR♦️
Bitcointalk Username: Shahjahan0099
Telegram Username: @msk41
Bitcointalk url: https://bitcointalk.org/index.php?action=profile;u=1846842
Wallet address (eth): 0x48c7a0b5e250ae0869faeb67c368bfc5f5424577