Popsicle Finance listed in Tokenbase

What functionality does the token hold?

The ICE token, in addition to being used in one of the most popular pools on the platform, is also used as Popsicle’s governance token. Ownership of ICE gives you the right to participate in the on-chain voting process on the protocol. The platform is intended to be a fully decentralized protocol with ICE holders responsible for its overall direction and potential changes.

How does Popsicle Finance (ICE) work?

Popsicle’s current main product is an Uniswap V3 optimizer. It offers throughput optimization on more than 14 swap pools in total. Each swap pool represents a pair of cryptocurrencies traded on Uniswap. In the future, more pools are in the project pipeline.

Figure 1 — Popsicle Finance infographic (Source: https://bit.ly/3GIIERy)

The classification of ICE according to the ITC

Figure 2: The ICE Tokenbase entry (Source: https://itin.itsa.global/51RCVGQH1)

The International Token Standardization Association (ITSA) e.V.

The International Token Standardization Association (ITSA) e.V. is a not-for-profit association of German law that aims at promoting the development and implementation of comprehensive market standards for the identification, classification, and analysis of DLT- and blockchain-based cryptographic tokens. As an independent industry membership body, ITSA unites over 100 international associated founding members from various interest groups. In order to increase transparency and safety on global token markets, ITSA currently develops and implements the International Token Identification Number (ITIN) as a market standard for the identification of cryptographic tokens, the International Token Classification (ITC) as a standard framework for the classification of cryptographic tokens according to their inherent characteristics. ITSA then adds the identified and classified token to the world’s largest register for tokens in our Tokenbase.

  • The International Token Identification Number (ITIN) is a 9-digit alphanumeric technical identifier for both fungible and non-fungible DLT-based tokens. Thanks to its underlying Uniform Token Locator (UTL), ITIN presents a unique and fork-resilient identification of tokens. The ITIN also allows for the connecting and matching of other media and data to the token, such as legal contracts or price data, and increases safety and operational transparency when handling these tokens.
  • The International Token Classification (ITC) is a multi-dimensional, expandable framework for the classification of tokens. Current dimensions include technological, economic, legal, and regulatory dimensions with multiple sub-dimensions. By mid-2021, there will be at least two new dimensions added, including a tax dimension. So far, our classification framework has been applied to 99% of the token market according to market capitalization of classified tokens.
  • ITSA’s Tokenbase currently holds data on over 4000 tokens. Tokenbase is a holistic database for the analysis of tokens and combines our identification and classification data with market and blockchain data from external providers. Third-party data of several partners is already integrated, and API access is also in development.

Remarks

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International Token Standardization Association

International Token Standardization Association

The International Token Standardization Association (ITSA) is a not for profit organization working on holistic market standards for the global token economy.