Anything worth having is not going to be easy to attain. This is true in life and in business. It takes time to grow and mature a project into its full potential and that takes the perfect recipe of elements coming together. When we decided to create this new platform and build off of Hive we did so with good intentions in mind- to help the community to learn about crypto, DeFi and blockchain technologies while earning a little bit at the same time. We are not creating this new tribe to simply draw in investors to drain their pockets. In fact we hope we do quite the opposite and create a sustainable crypto economy while utilizing all of our existing experience and knowledge to hone the tokenomics overall.
The issue with Hive that I often see is the sense of "Others have failed before so why should you even bother?" Success is a journey and a learning process it doesn't happen overnight, and nobody becomes a professional before trying something and perfecting their skills. Many other tribes have been created over the last few years and many have fallen short in the eyes of the community and in terms of results. How do we create a token that will actually gain traction in this never-ending sea of cryptos? It all boils down to use cases, tokenomics and utility.
A good token has good tokenomics, seems simple enough right? This means sustainable inflation, rewards and incentives. What really makes a token useful are the use cases obviously and this is where other tribes are mainly lacking. They presumed that the use cases would be developed over time if they just created a token and released it into the wild, but this isn't necessarily how things work out. You can't create a token for people to buy, just to earn more of that token because this creates a Ponzi scheme type system where the only profits come directly from the investments of others.
In order to change this dynamic of impotent tokenomics there must be several driving factors to the project. Ask yourself, from an investor standpoint, why would I want to invest into this project or any project for that matter? At the end of the day investors want to see a return, a yield or a profit from their investment. They aren't putting their money into projects out of altruism or kindness typically. How can this yield or return be incentivized or driven over time without relying purely on the flow of new investor capital into the system? You need to rethink how crypto works and add new layers of value to the design- this is where DeFi comes into play.
By using the tools at our disposal to earn yields from decentralized finance platforms we can sustainably grow and support the project over time. Funds from the DeFi farms will be used to increase the ICEBRKDAO Treasury holdings and to fund buyback and burn events. IceBlock tokens will perpetually be offered to buffer the liquidity pool, increase the BRK token price while also funding the DeFi pools. Rather than allocating 100% of the incoming ICEBLK funds towards buyback of BRK it will also fund and generate ongoing revenue streams through external farms. Everything will be governed from the top down by the ICEBRK token holders (on BSC), which further decentralizes the control and power structures in the system.
Some people have said that our platform is going to be redundant and I highly disagree. We will have a DeFi, blockchain dapp and web3 focus to usher in a new era of social media users looking to monetize and take ownership of their digital content. The IceBreak token is going to operate very differently than other existing tribe tokens whereby it will constantly offer price arbitrage opportunities, ongoing external revenue streams and strategic seed investments into legitimately safe investments across crypto by the ICEBRKDAO. IceBreak (BRK) will in turn give the holders exposure to the DAO treasury.
Currently the ICEBRK project founders are sourcing funds to upgrade and deploy the outpost for the IceBreak token so we can officially become a full fledged tribe. This will entail upgrading the token functionality to allow staking, delegation, reward pools for PoB & PoS, an AMM DEX pair and of course the outpost deployment fees of 5000 BEE. Altogether we need to raise in excess of 9000 BEE tokens in order to accomplish all of the project goals. This will not be easy as this current market conditions are slowing drastically.
The project is still in the initial distribution phase and there are two ways to participate. Either by directly buying off Hive-engine marketplace prior to the token upgrades, or by contributing to The Great Freeze Click HERE. Any BEE donated during the contribution phase will receive a BONUS allocation of BRK tokens!
This post is brought to you by IceBreak-R.com - Breaking The Ice On DeFi! Check out the new and upcoming BRK token HERE
