Seigniorage Model

Introduction to Algorithmic Token via Seigniorage

The ICE Dollar (ICD) algorithmic token serves as the backbone of a rapidly growing ecosystem aimed towards bringing liquidity to Matic network as well as revitalizing the NFT trade on Opensea. Although Opensea enables costless transactions for Polygon network, many users still opt for Ethereum habitually. By enabling a valuable and dynamically evolving NFT collection, we are aiming to change that. The protocol's underlying mechanism dynamically adjusts ICD's supply, pushing its price up or down relative to the price of $Matic.

ICE Colony is a multi token + multi NFT protocol with the following financial assets. Tokens - Insentient Celestial Excavator ($ICE) - ICE Dollar ($ICD) - ICE Dollar Bonds ($ICDB) - Mining Power (MP) NFTs -ICE Genesis Parts (ERC-1155) -ICE Genesis (ERC-721)

What is Unique about ICE Colony's Seigniorage Model?

We believe that the seigniorage model has issues because there are no collaterals and it is hard to provide a deep liquidity for two different tokens. NFTs help us solve both problems because (1) NFTs do not require a liquidity and (2) royalty fees can be used as a collateral in cases the peg is lost and it cannot recover with the other methods such as Bonds or DAO Funds. We also believe that it is a lot more interesting to hold a well designed NFT instead of holding a token.