Ice Open Network released Part 6 of its ION Economy Deep-Dive Series last week.
The update focused on how the ION Framework enables token burns beyond the native Ice blockchain. According to the project, this design makes ION chain-agnostic and scalable across multiple ecosystems.
The ION Framework is described as a toolkit for decentralized applications (dApps). It supports projects on more than 20 blockchains, including Bitcoin, Ethereum, Binance Smart Chain, Solana, Polygon, and Avalanche. Together, these networks account for most of the cryptocurrency market.
By enabling integration with multiple chains, the framework connects usage directly to token value. This model contrasts with speculative price movements that dominate many tokens.
How the Chain-Agnostic Token Burn Model Works
Token burning reduces circulating supply by permanently removing tokens from the market. In ION’s model, every interaction within supported dApps can trigger a burn. This includes activity on creator platforms, gaming hubs, or DeFi social layers across different blockchains.
Ice Open Network argues that this structure creates a deflationary economy. Instead of depending on hype, ION links value to actual usage. The system is designed so that more adoption leads to more burns, lowering supply while maintaining demand.
This approach was first introduced when ION updated its tokenomics on April 12, 2025. At that time, the project shifted its focus toward utility-based value rather than speculation.
Ice Open Network Expands ION Economy Beyond Its Own Chain
The ION Framework allows projects to build decentralized social hubs that include monetization, chat, discovery, and on-chain social features. These hubs can operate on any blockchain that integrates the framework.
For example, a creator platform on Binance Smart Chain, a gaming hub on Solana, or a DeFi application on Polygon can all adopt the same mechanics. Each activity contributes to token burns, ensuring that the network grows with usage regardless of where it is deployed.
According to Ice Open Network, this chain-agnostic setup supports a more open Internet. It also allows developers to scale their projects without being limited to a single blockchain.
Ice Network’s (ICE) price is currently trading at $0.005897 on August 18, down 6.38% in the past seven days. The token’s market capitalization stood at $39 million, while 24-hour trading volume increased to $10.7 million, up more than 85% compared to the previous day.
The Ice Network price decline followed a sharp selloff in mid-August, even as the project continued to expand its ION economy. ICE’s fully diluted valuation remains higher at $124.7 million, but circulating supply has reached 6.61 billion ICE out of a total 21.15 billion.