IcyCRO Distributes December Jackpot; 10,000 $CRO Won and Nearly $35k of $ICY Burned
A Thrilling December for the IcyCRO Community with Big Wins and a Massive Burn
December brought excitement to the IcyCRO community with the latest Jackpot draw, where VIP Ticket #50 took home the grand prize of 10,000 $CRO. The winning number, 150, was determined by the transaction number from the latest ICY burn. This monthly event, a cornerstone of the IcyCRO ecosystem, also saw a significant burn of 700,000 $ICY tokens, equivalent to an impressive $34,900.
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Monthly Burns: Transparency and Community Rewards
IcyCRO is committed to maintaining a deflationary token economy by burning 100% of $ICY tokens acquired through:
Buybacks
NFT royalties
Team fund allocations
This ensures that the community continually benefits from increased scarcity and value retention of $ICY.
How to Participate in the Jackpot
To join the monthly Jackpot and other promotions, participants must be among the Top 100 delegators on IcyCRO’s $CRO or $ATOM validators. Delegators who meet the threshold receive a raffle ticket for the monthly draw.
November’s Requirements were roughly:
71,400 $CRO or
400 $ATOM
Don’t miss out on the chance to win in future draws! The next Jackpot will be held in January 2024.
How the Winning Number is Decided
The winning number for the Jackpot is derived from the ICY burn transaction number. Specifically, the last three digits of the burn transaction determine the lucky ticket. If the number drawn corresponds to an unclaimed ticket, the 10,000 $CRO is used to buy back and burn more $ICY, supporting long-term value growth.
IcyCRO: Supporting Decentralization and the CRO Community
IcyCRO’s mission is to build a decentralized infrastructure for blockchains while engaging the CRO community. Their key objectives include:
Launching low-fee, high-quality validators on Crypto.org and other Cosmos chains.
Experimenting with new technical solutions to enhance validator performance.
Supporting promising Cronos projects.
Distributing rewards and fostering community participation through exciting promotions.
This non-profit community validator project channels most of its income into monthly Jackpots and NFT staking rewards, ensuring that participants are continuously incentivized and engaged.
Source: IcyCro X
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