What Is Icy Money (ICY)? Complete Guide Review About Icy Money.

Icy Money

What Is Icy Money (ICY)?

Icy Money is the (4,4) action in game theoretic terms for protocols similar to OlympusDao (e.g., Wonderland.money). If an individual buys a (4,4) bond, they are essentially purchasing a (1,1) bond and then (3,3) staking the vested bond rewards before each rebase over the bonding period. This hyperbonding strategy is highly lucrative and will typically yield a higher return on investment during neutral or positive market conditions.

Individuals can manually perform this strategy by claiming and staking their bond rewards a few minutes before each debase until all the bond rewards are claimed. Icy Money However, manually performing this action 3 times per day for 5 days will be inconvenient for most individuals. ICY.MONEY invests in OlympusDAO-like protocols and automatically executes the (4,4) strategy and thus will achieve higher returns compared to normal staking.

Fully-diluted market cap: max.supply average price of governance token.Total revenue: total trading fees paid by traders. Trader Joe is your one-stop decentralized trading platform on the Avalanche network. Icy Money combine DEX services with DeFi lending to offer leveraged trading. Your products are community driven which allows to give fees collected from liquidation and swaps back to the users via your JOE/xJOE staking mechanism. JOE is a governance token that also rewards its holders with a share of exchange revenues.

Icy Money Storage Key Points

Coin BasicInformation
Coin NameIcy Money
Short NameICY
Circulating SupplyN/A
Total Supply1,000,000,000,000,000
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Official Project WebsiteClick Here To Visit Project Website

How It Works

12% of the sell order’s value is converted to $ETH and proportionally distributed to its holders. Upon buying $ICY, you will immediately see your $ETH rewards increasing through Icy Money app. 2% of the sell order’s value is sent to the liquidity pool of $ICY-$AVAX to provide more liquidity for future buying and selling. Once the target liquidity is met (10% of supply), the 2% Liquidity tax is no longer needed. Having a deep $ICY-$AVAX liquidity pool allows users to buy and sell larger amounts of $ICY without experiencing significant slippage and price changes.

Treasury Hyperbonding and Buybacks – 0%

During Stage 1, $ICY is solely a reflection token with the goal of accumulating enough liquidity. To read more about the stages, refer to the Roadmap section below.

Once Stage 2 begins:

  • 50% of Treasury Wallet is dedicated to generating returns through utilizing “hyperbonding” defi strategies on decentralized reserve protocols (ex: wonderland.money).
  • 50% of Treasury Wallet is set aside in $AVAX to perform buy back and burn $ICY tokens from circulation, and used to enter protocols during advantageous conditions (ex: if $TIME is undervalued).

Hold $ICY to claim $ETH rewards

Hold $ICY in your wallet, you are eligible to claim $ETH rewards on each $ICY transaction. Open the app to see your pending $ETH rewads and claim them whenever you feel convienent. Join the Discord server (link), and follow on Twitter (@ICYMONEYFI). Icy Money do not have a telegram group. Do NOT join any unofficial groups. 3% of the sell order’s value is sent to the Marketing and Development wallet where it will be used to upgrade $ICY’s operations and fund marketing campaigns.

Launch on Avalanche chain

After 1-2 weeks of launching, Icy Money will implement Defi-as-a-service tokenomics such that $ICY utilizes automated hyperbonding strategies to generate increasing returns using its treasury, and delegate profits to funding $ICY buybacks and burns. Once $ICY’s liquidity reaches the target liquidity (10% of token supply), the 2% Liquidity Pooling tax is no longer needed.

The proposed new transaction tax will be as follows:

  • $ETH reflections: 7%
  • Treasury: 7% (DaaS and buybacks)
  • Liquidity Pooling: 2% (if target liquidity not met)
  • Marketing/Dev: 3%