A Layer-1 (L1) blockchain platform designed to decentralize the internet by providing users with control over their data, identity, and digital interactions. Launched in July 2023, ION aims to address the challenges of centralization, data privacy, and ownership prevalent in today's digital environment.

Project Function

ION is built upon the legacy of The Open Network (TON) blockchain incorporating key features such as:

Scalability: ION’s architecture supports a high throughput of transaction per second.

Decentralized Identity (ION ID): provides users with self-sovereign identities with enhanced privacy features.

Decentralized Social Networking (ION Connect): facilitates censorship-resistant and privacy-focused online interactions between users.

Decentralized Storage (ION Vault): offers distributed data storage solutions with enhanced security and privacy features.

Online+: a decentralized social media platform.

Decentralized Application Framework: a no-code execution environment allowing users to deploy decentralized applications on the ION blockchain.

Token Utility 

ICE is the native token of the ION blockchain which is used to pay for transactions/gas fees on the network, staking by validators to secure the network and process transactions, and rewards to stakers.

About The Founders

Alexander Iulian Florea is the founder and CEO of ION and previously the Co-Founder of Framey, a mobile application built to fully personalized travel itineraries. Robert Preoteasa is the COO and CEO/Co-Founder of ION who previously held the position as Co-Founder of Framey.

Risks of ICE

Like an investment in other crypto assets, there are some general risks to investing in ICE. These include:  (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto assets and Uphold’s platform, please refer to the Risks Specific to Holding Digital Assets statement.

In addition to these general risks, an investment in ICE is subject to the following specific risks:

ICE operates using smart contracts, which have an association with vulnerabilities and security breaches. Despite undergoing successful audits by well-regarded third-party entities, it is essential to acknowledge the existence of inherent risks. 

We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with ICE. Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.

The ICE community and Ice Labs founding team are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of ICE have no recourse to the ICE community, Ice Labs founding team, or Uphold if ICE declines in value for any reason.

Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.

Uphold’s Evaluation Process

Prior to listing ICE on the Uphold Platform, Uphold performed due diligence on ICE and determined that ICE is unlikely to be a security or derivative under relevant securities legislation. Uphold’s analysis including reviewing publicly available information on the following: 

The creation, governance, usage, and design of ICE, including ensuring the source code is open-source, audited and peer reviewed, security, and roadmap for growth in the developer community. 

The supply, demand, maturity, utility, and liquidity of ICE.

Any marketing materials put forward by the ICE social team including on, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.

Material technical risks associated with ICE, including any code defects, security breaches and other threats concerning ICE and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.

Legal and regulatory risks associated with ICE, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of ICE.