Hello icarians!

We wanted to take a little step back today and talk about why we’re here and what problems we are trying to solve.

We wanted to first give you all an introduction of what icarus.finance is, and how our whole ecosystem slots together. If you have any questions or observations, please share!

In a nutshell, icarus.finance is a decentralized mining protocol that is used to unlock a universe of open financial applications. We allow users to participate in Crypto mining (Bitcoin and Ethereum), while combining with other DeFi (Decentralised Finance) applications.

Context

  • Bitcoin and Ethereum mining can be summarized as the process of solving cryptographic equations using computing power, in order to validate blocks on a particular blockchain which in return rewards miners the native token.
  • The most common digital assets currently mined are Bitcoin and Ethereum
  • This has been (still is) a profitable venture for 12 years
  • Decentralized Finance (DeFi) provides financial products, available on a public decentralized blockchain network, making them open to anyone to use rather than going through a middleman such as banks or brokerages
  • Icarus.finance combines Mining + DeFi capabilities to maximise user’s capital efficiency

Problem

  • Crypto mining is becoming increasingly difficult to get into
  • There is a huge shortage of GPUs globally as a result of Covid-19 and other factors
  • Users who are already setup with mining rigs are probably doing so using suboptimal / old hardware
  • Outdated mining hardware can be difficult to sell / dispose of
  • Not enough education on the Decentralised Finance (DeFi) space

Solution: icarus.finance

  • Combine enough hashrate / mining power in supervised + controlled facilities so that it can be distributed fairly across users, in a liquid manner, via our Hashrate tokens
  • Rather than buying, configuring, and selling mining rigs in a scarce market like this, users can simply buy and stake $ZBTC to mine Bitcoin, and $ZETH to mine Ethereum
  • If users want to stop mining Ethereum or Bitcoin, they can simply sell their $ZBTC/$ZETH tokens in the open market, no need to try to sell outdated hardware
  • In addition to ETH / BTC mining wins, users are also awarded an extra token, $ICA
  • This is a Governance token that opens a multitude of other financial applications

As more users use our protocol to mine Bitcoin and Ethereum, the value of the market making pool (MMP) also increases, as the allocation is bigger. When the value of the MMP increases, so do earnings at the Star Cluster, where icarians stake $ICA to earn other tokens.

Eventually, icarus.finance aims to provide a platform where icarians can vote for the opportunity to earn multiple top 10 Cryptos via mining, and farming through the Star Cluster. Are you a fan of Bitcoin and Ethereum, but also Cardano? Or Polkadot? Chainlink perhaps? Well.. If you’re reading this, you’re in the right place. Stay tuned!

#BSC
$ICA $ZETH $ZBTC

Find out more information below!👇

https://icarus.finance/

Mediumhttps://icarus-finance.medium.com/

Publish0xhttps://www.publish0x.com/@icarus_finance

Need some help? Join us around

Twitterhttps://twitter.com/zetta_icarus

Instagram https://www.instagram.com/zetta_icarus/

Discord https://discord.gg/YtDUZwXjkN

Telegram

Announcements https://t.me/icarusfinance_announcements

Community https://t.me/icarus_finance

Support https://t.me/icarus_support_chat

Price chathttps://t.me/icarus_finance_price_chat

BinanceRockethttps://t.me/BinanceRocketICA

Kindly consider checking around

https://icarus.finance/Whitepaper.pdf

#ZETH #ZBTC #ICA #DeFi #cryptomining #icarusfinance #BSC

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store