Overview of tokens in ICE Poker
The ICE Poker ecosystem consists of three tokens:
ICE is a game token used to:
$DG is a utility token used to:
$xDG (staked $DG) is a governance token used to:
- Govern the Decentral Games Treasury.
- Vote on ICE Poker gameplay changes.
- Give access to ICE Poker Team Leagues. (Coming soon)
- Give access to premium ICE Poker team management tools.
$ICE Legal StuffThe ICE token (ticker symbol: ICE) is a native cryptographically-secure fungible protocol token of ICE Poker. The ICE token is a transferable representation of attributed utility functions specified in the protocol/code of ICE Poker, and which is designed to be used solely as an interoperable utility token thereon.ICE is a functional multi-utility token which will be used as the medium of exchange between participants on ICE Poker in a decentralized manner. The goal of introducing ICE is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on ICE Poker without any intermediaries such as centralized third-party entity/institution/credit.It is not, and not intended to be, a medium of exchange accepted by the public (or a section of the public) as payment for goods or services or for the discharge of a debt; nor is it designed or intended to be used by any person as payment for any goods or services whatsoever that are not exclusively provided by the issuer.ICE does not in any way represent any shareholding, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will ICE entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in the British Virgin Islands, Singapore or any relevant jurisdiction. ICE may only be utilized on ICE Poker, and ownership of the same carries no rights, express or implied, other than the right to use ICE as a means to enable usage of and interaction within ICE Poker. The secondary market pricing of ICE is not dependent on the effort of the ICE Poker team, and there is no token functionality or scheme designed to control or manipulate such secondary pricing.Further, ICE provides the economic incentives which will be distributed to encourage users to exert efforts towards contribution and participation in the ecosystem on ICE Poker, thereby creating a mutually beneficial system where every participant is fairly compensated for its efforts.ICE is an integral and indispensable part of ICE Poker, because without ICE, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the entire ecosystem on ICE Poker. Given that additional ICE will be awarded to a user based only on its actual usage, activity and efforts made on ICE Poker and/or proportionate to the frequency and volume of transactions, users of ICE Poker and/or holders of ICE which did not actively participate will not receive any ICE rewards.