Announcing Icarus Finance v2

Icarus Finance is a first of its kind decentralized mining protocol which brings Bitcoin and Ethereum hashrate to the Binance Smart Chain, combining it with further DeFi applications. Platform introduce mining. Cryptocurrency mining is the process of solving cryptographic equations through the use of computing power, which in our case comes from the project’s mining power itself. Miners are rewarded for solving these equations and this process is required for many blockchains to operate.

Most miners must choose between holding onto equipment for years or being forced to replace it later on. This lack of liquidity means Crypto miners have difficulty in achieving consistent mining
distributions and consistent profitability. This also discourages newcomers from seriously participating in this practice – for the regular investor / miner, the most efficient setup today may already be subpar 12 months from now.
Icarus Finance propose to solve this problem with the “ZETH” and “ZBTC”
tokens, which are collateralized by standardized Ethereum and Bitcoin mining power, respectively. By standardizing and tokenizing mining power into both tokens and listing them for auction and
later trading, we can bring exchange-grade liquidity to the mining market while meeting trader‘s need for mining exposure.

By staking ZETH / ZBTC, holders of the tokens will receive not only $ETH / $BTCB respectively, but also $ICA ( DeFi + governance ) distributions that correspond to the mining power staked. This
interoperability between mining & DeFi makes the icarus.finance ecosystem intrinsically unique.

IcaruS Finance has been initially deployed on the Binance Smart Chain. Its version 2 will soon to launch as well. Its purpose is to provide a sustainable platform where users can build successful long term portfolios, offering an array of mineable and farmable cryptocurrencies that are unlikely to depreciate over time.

The purpose for the changes is to further increase its use case, reduce $ICA selling pressure, and reward long term Icarian hodlers. The upcoming upgrade will involve migrating to V2 so they  recommend to unstake and remove liquidity from $ICA pairs as soon as possible.

Migrating to V2 will involve switching over smart contracts, so users will need to migrate to the new version.

MIGRATION SCHEDULE

Opens: 16:00 SGT 31th, may

Close: 16:00 SGT 4th, June

ABOUT Icarus Finance