This week the new IceBreak token (BRK) was introduced as the native incentive and reward token for our upcoming Hive DeFi platform expansion of IceBreak-R.com which will be called ICEBRK.IO, estimated to launch March 2022 (whitepaper HERE).
As part of the complex tokenomic ecosystem of IceBreak we will utilize a secondary token, IceBlock (ICEBLK), to allow a revolutionary new hybrid liquidity bond & treasury bond mechanism. In the past, projects would ask their communities to raise large sums of liquidity upfront in order to develop and create their products which rarely come to market due to incompetence, mismanagement of funds or outright theft. IceBreak wants to flip this model on its head and only raise what we need as we need it. If the project is doing well and showing progress then demand for BRK or ICEBLK will naturally increase. The intention is to find a perfect balance between reward distribution, inflation, treasury ROI and to align incentives for all parties.
There are two simultaneous phases to the initial distribution of IceBreak: The Great IceWall and The Big Freeze. Following their conclusion, IceBlock (ICEBLK) will begin trading limit orders on Hive-Engine during "The Ice Age" phase and BRK token will have an AMM pair created called BRK:SWAP.HIVE as well.
This may be somewhat confusing at first so let me give a quick example:
As the ICEBRKDAO Treasury begins to grow it will perform quarterly buyback and burn events along with seed investing into future DeFi platforms and projects. The goal is to create a fully sustainable system which feeds into itself over time rather than requiring a constant stream of new holders to pour in. This will also be achieved by governance controls through the ICEBRKDAO and ICEBRK token on Binance Smart Chain using Snapshot.org and our ICEBRK.ETH DAO community.
DISCLAIMER: This IceBlock Token White Paper v1 is for information purposes only. IceBlock token (ICEBLK) is not a security, it is intended to be purely a utility token for the ICEBRK.IO network. IceBlock (ICEBLK) purchases do not guarantee any returns, never expect profit solely from the work of others. IceBlock (ICEBLK) are only redeemable for IceBreak (BRK) utility tokens as they do not constitute an underlying dollar value. IceBreak-R does not guarantee the accuracy of or the conclusions reached in this white paper, and this white paper is provided “as is”. IceBreak-R does not make and expressly disclaims all representations and warranties, express, implied, statutory or otherwise, whatsoever, including, but not limited to: (i) warranties of merchantability, fitness for a particular purpose, suitability, usage, title or non-infringement; (ii) that the contents of this white paper are free from error; and (iii) that such contents will not infringe third-party rights. IceBreak, IceBreak-R.com and its affiliates shall have no liability for damages of any kind arising out of the use, reference to, or reliance on this white paper or any of the content contained herein, even if advised of the possibility of such damages. In no event will IceBreak, IceBreak-R.com or its affiliates be liable to any person or entity for any damages, losses, liabilities, costs or expenses of any kind, whether direct or indirect, consequential, compensatory, incidental, actual, exemplary, punitive or special for the use of, reference to, or reliance on this white paper or any of the content contained herein, including, without limitation, any loss of business, revenues, profits, data, use, goodwill or other intangible losses.