As the mobile digital currency mining industry advances, two platforms have become leading contenders: the ice Network and Pi Network. While both offer users the opportunity to mine digital currency using their mobile devices, it is clear that when it comes to team experience and governance systems, ice Network outshines Pi Network. Let’s explore why.
The Team Behind The Project
The ice Network has an experienced team of over 20 senior engineers, economists, and sociologists who have been working on the project since January 2022. This shows that there is a team behind this project that has a great depth of knowledge, not just about mining digital currency but also about how to ensure the project is run in a safe, secure, and responsible manner. Furthermore, the team has conducted extensive research to ensure the prospect of success for the project is high.
Economists, for example, have done their homework, and they know how to realize the project’s ultimate goal of creating a new level of financial inclusion. Sociologists, on the other hand, have identified key points of engagement and have created strategies for encouraging users to stay engaged with the network. This level of dedication and research has enabled the project to stand out from its competitors, especially the Pi Network.
Phil Jackson, former American former basketball player and coach, once said, “The strength of the team is each individual member. The strength of each member is the team.” The ice Network team is living proof of this statement, as it is made up of talented professionals who have a shared vision and the necessary skills to bring their dream to life.
Numerous studies have shown that diverse teams outperform homogeneous teams in terms of innovation, creativity, and problem-solving. Considering this scientific evidence, the ice Network has formed a diverse team of members from different backgrounds and disciplines. This diversity enables the team to better understand their target audience and create strategies that will resonate with them.
One of the reasons that diverse teams are so successful is due to what scientists call "cognitive elaboration," writes David Rock Ph.D. the author of "Your Brain At Work," in an article for Psychology Today. "[It's] the process of sharing, challenging, and expanding our thinking. In essence, diverse teams compel each other to think more deeply about their reasoning and interrogate the facts more objectively. They share counterfactuals as they go, they don’t take things for granted, and there is minimal "social loafing"—of just accepting things at face value."
It's clear that the ice Network team is leveraging this scientific evidence to ensure the project's success. At a time when trust in digital currency projects is a major concern, the extensive research and dedication of the ice Network team truly stands out.
As for the Pi Network, we know very little about the team behind it. On Pi's website, only two names have been provided, which is hardly enough information for users to make an informed decision about investing in the project. How can users trust the project if they don't know who is running it? How can a team be composed of only two people? Unfortunately, with the Pi Network, these questions remain unanswered.
The Governance System
The ice Network has also put in place a governance system that allows users to have greater control over their investments. This governance system provides users with a voting right on the network based on their stake in the project. This means that they can decide on what changes should be made to the protocol, making it a more democratic and transparent project overall. Furthermore, this voting right ensures that users are able to make their voices heard when it comes to decisions affecting the network’s future development or direction.
The ice Network understands that cryptocurrency cannot meet its full potential without the trust and confidence of its users. As such, it has placed great emphasis on developing a governance system that allows for increased control and transparency. This is an important factor in distinguishing the ice Network from many other projects in the space. As a truly decentralized project, the ice Network team is committed to putting its users’ interests first, allowing them to have a say in the future of their investment.
In an article for Investopedia titled "Governance: Why Crypto Investors Should Care," Rakesh Sharma writes that "equity markets have clearly defined stakeholder structures for investor recourse. These structures have resulted in governance systems that protect investor interests and prevent rogue executives from running amok with the company. But cryptocurrencies have largely been shielded from similar oversight."
In other words, like equity markets, crypto investors need a governance system that can protect their interests. After what happened to DAO in 2016, when a hack drained US$50 million from its accounts due to a lack of governance, it became crystal clear a strong governance system is critical for any project to ensure its success. It’s evident that the ice Network team has taken this lesson to heart and developed a governance system that can protect the interests of its users.
In recent years, the term "governance token" has become popular in the blockchain space. Here is how Binance explains the concept: "Governance tokens give holders the right to vote on issues that govern the development and operations of a blockchain project. It’s a method for projects to distribute decision-making power to their communities. This decentralized governance model helps align the interests of the token holders with that of the project."
Governance tokens make it possible for users to make their voices heard in a way they weren’t able to before. The ice Network has implemented this concept, allowing users to have more control over their investments and the network as a whole. As such, it is an important step towards achieving greater trust and confidence in digital currency projects.
These days cryptocurrencies may not be doing as well as they did a few years ago, but the more projects like the ice Network that come up, the more hope we have for the future of digital currencies, which can revolutionize the way we transact and manage our finances. With its emphasis on security, transparency, and governance, the ice Network is a great example of how this technology can be used to build a better financial system.
True decentralized finance (De-Fi) is about more than just trading and speculation. Platforms like the ice Network are working to unlock the potential of decentralized finance by giving users greater control over their investments and allowing them to make their voices heard when it comes to decisions that affect the network. Think about it: when cryptocurrencies become more mainstream, don't you want to be part of a project that gives users a real say in its operations or a project that is simply focused on making a quick buck? The answer should be obvious.
Unlike the ice Network, Pi Network lacks a decentralized governance system, which makes it difficult for users to trust the project and its operations. In other words, users have no say in the decisions that will ultimately impact them. This lack of transparency and accountability makes it difficult to truly trust any project, let alone one that promises big rewards.
If you want to join the ice Network, please use the invitation code: creativeTim
This is your ticket to unlocking the potential that ice Network has to offer!