IceCream Swap: Multi-chain DEX and One-stop DeFi Platform

What is IceCream Swap

Friends, imagine if you want to transfer money between different banks, or exchange one currency for another, you usually need to go to different places or use different platforms. In the blockchain world, this is also a challenge, because there are many different blockchain networks, just like there are many different countries, each with its own currency and rules.

IceCream Swap (project abbreviation: GLTO, but its native token is usually called ICE) is like an "ice cream shop," but instead of selling ice cream, it offers a one-stop "decentralized finance (DeFi) supermarket." Here, you can easily perform various cryptocurrency operations without having to shuttle between different blockchain platforms.

It is a multi-chain decentralized exchange (DEX), which means it can operate on multiple different blockchain networks, such as Binance Smart Chain (BSC), Core, Telos, Base, etc., currently supporting more than a dozen blockchains. Its core features include:

• Token Swap: You can exchange one cryptocurrency for another, just like at a currency exchange.
• Liquidity Provision: You can deposit your cryptocurrency into liquidity pools to help others swap, and earn fees in return.
• Farming and Staking: By locking your cryptocurrency, you can earn additional rewards, similar to earning interest by depositing money in a bank.
• Bridge: It allows you to transfer your assets between different blockchain networks, like a bridge connecting different continents.
• DEX Aggregator: This is like a "Trip.com or Booking.com for decentralized exchanges," scanning the entire blockchain network to find the best trading routes and prices, so you get the best outcome for every trade.
• Launchpad: Helps new blockchain projects issue and launch their tokens.
• KYC System: Provides identity verification services to help project teams and users build trust and reduce the risk of scams.

Simply put, IceCream Swap aims to be a convenient, fast, low-cost, and secure DeFi platform that even blockchain beginners can easily use.

Project Vision and Value Proposition

IceCream Swap's vision is to become a "one-stop" DeFi solution, enabling users and project teams to find the DeFi tools they need on any blockchain. Its core value proposition includes:

• Simplifying the DeFi Experience: For ordinary users, the DeFi world can be very complex. IceCream Swap hopes to integrate various DeFi functions into an intuitive and easy-to-use interface, so users don't have to switch between multiple platforms.
• Multi-chain Interoperability: By supporting multiple blockchain networks and providing bridge functionality, IceCream Swap breaks down barriers between blockchains, allowing assets to flow freely across chains, greatly improving flexibility and efficiency.
• Optimizing Trading Efficiency: Its AI-driven DEX aggregator is a major highlight. It not only helps users find the best trading prices, but also makes trades more efficient through smart routing and arbitrage opportunities, potentially earning users extra profits.
• Enhancing Security and Trust: By adopting audited Uniswap V2/V3 smart contracts and introducing a KYC (Know Your Customer) delegation system, IceCream Swap is committed to improving platform security and transparency, reducing scams and risks.
• Low Cost and High Speed: The platform is designed to reduce transaction fees and increase speed, providing users with a more economical and smoother experience.

Compared to similar projects, IceCream Swap stands out with its robust multi-chain support, AI-driven DEX aggregator, and unique KYC system, aiming to provide users with a smarter and safer DeFi environment.

Technical Features

IceCream Swap has several notable technical features that together build an efficient, secure, and user-friendly DeFi ecosystem:

• Based on Uniswap V2/V3 Smart Contracts

  IceCream Swap's core trading functions are built on the time-tested Uniswap V2 and V3 smart contracts. Uniswap is a pioneer in the decentralized exchange space, and its contracts have been widely validated for security. The upgrade from V2 to V3 means IceCream Swap also introduces advanced features like "concentrated liquidity," which improves capital efficiency and gives liquidity providers more precise control.

• Multi-chain Architecture

  IceCream Swap supports multiple blockchain networks, including Binance Smart Chain, Core, Telos, Bitgert, XDC, XoDex, Dogechain, Fuse, Shardeum, Shimmer, Base, Neon EVM, Scroll, and Qitmeer. This multi-chain design allows users to trade and manage assets across different chains, greatly increasing flexibility and accessibility.

• AI-driven DEX Aggregator

  This is arguably IceCream Swap's most unique technical highlight. The aggregator acts like a smart navigation system, scanning liquidity pools across all supported blockchains, using complex algorithms and smart routing technology to find the best execution path and price for your trade. It can even identify and exploit arbitrage opportunities, potentially delivering better-than-expected results.

• Built-in Faucet Cross-chain Bridge

  IceCream Swap's bridge allows users to securely transfer assets between different blockchains. A very user-friendly feature is that when you bridge assets to a new chain, it automatically provides you with a small amount of the chain's native token as a "faucet," so you don't have to worry about lacking initial gas fees for your first transaction.

• KYC Delegation System

  To address the growing scam problem in blockchain, IceCream Swap has introduced a KYC delegation system. Project teams can verify their identity and display a KYC badge in their smart contracts to enhance community trust. Users can also obtain soulbound tokens through KYC to prove their identity, which helps participate in airdrops and prevents bot participation.

Tokenomics

The IceCream Swap project mainly involves two types of tokens: the native ICE token and the liquid staking token SCORE.

• ICE Token

  ICE is the native token of IceCream Swap and also its governance token. This means that users holding ICE tokens may have voting rights on platform decisions in the future. The main uses of ICE tokens include:

  • Earn Rewards: Users can earn ICE tokens as rewards by providing liquidity, farming, and staking.
  • Pay Fees: Some services on the platform may use ICE tokens for payment.
  • KYC Services: Obtaining a KYC soulbound token requires paying 5 ICE tokens.

  Details about ICE token's total issuance, circulation, inflation or burn mechanisms are not specified in current public information. It has different variants on multiple chains.

• GLTO Token

  It is worth noting that the project abbreviation provided by users is GLTO. According to CoinCarp and CoinMarketCap, IceCream Swap's token symbol is GLTO. However, these platforms also indicate that GLTO currently has no price data, no tracked circulating supply, and even the total supply is shown as 0 or unverified. This may mean that the GLTO token has not yet been listed on mainstream exchanges, or its data has not been fully collected and verified by these platforms. Most official project materials and introductions refer to ICE as its native token. Therefore, when researching GLTO, special attention should be paid to its current market status and information transparency.

• SCORE Token

  StakedCore (SCORE) is a liquid staking token launched by IceCream Swap to enhance the staking experience on the Core DAO network. Users can convert CORE tokens to SCORE and stake them in Core DAO's Delegated Proof of Stake (DPoS) mechanism. The price of SCORE tokens continues to grow due to auto-compounding rewards and can be used like other ERC20 tokens.

Important Note: Since GLTO token's circulation and market data are currently untracked, and the project mainly mentions ICE as the native token, be sure to conduct extremely thorough due diligence and understand its potentially high risks before considering any investment related to GLTO.

Team, Governance, and Funding

• Team

  According to available information, IceCream Swap was founded by Simon K. in June 2022. The team stated in a Medium article that they are "seriously following the project roadmap," which suggests strong execution. However, apart from the founder, there is relatively limited public information about core team members, backgrounds, and team size.

• Governance Mechanism

  ICE is defined as a governance token, meaning holders may have voting rights on the platform's future development. However, details about the specific governance model, voting process, and community participation mechanisms are not specified in public information.

• Funding and Treasury

  Currently, there is no detailed public information about IceCream Swap's specific financing, treasury size, or funding status. The project's ongoing development and operational funding sources are important factors for assessing its long-term sustainability and require further attention.

Roadmap

IceCream Swap's roadmap shows its journey from initial launch to future development plans. Here are some key milestones:

• June 2022: Project Launch

  • Launched swap and liquidity provision features on Bitgert chain.
  • Conducted multiple airdrops to the community.
  • Created swap analytics page showing liquidity pools, trading volume, etc.

• July 2022: Building Partnerships

  • Partnered with Bitgert projects and listed their tokens.
  • Promoted the community through AMA (Ask Me Anything) events.

• October 2022: Multi-chain Expansion

  • Expanded the bridge to more chains (such as Doken and Fuse).

• December 2022: UI Upgrade

  • Upgraded the user interface from Uniswap-based UI to IceCream Swap's own UI.
  • Upgraded weekly airdrops to ongoing liquidity mining.

• January 2023: Bridge UI Upgrade and Smart Routing

  • Integrated the bridge UI directly into the swap UI for a seamless experience.
  • Added smart routing to reduce slippage and improve swap output.

• February 2023: Core DAO Integration and Liquid Staking

  • Launched the bridge on Core DAO mainnet.
  • Created liquid staking CORE token StakedCore (SCORE) smart contract.

• March 2023: Launchpad, KYC Token, and Enhanced Smart Routing

  • Released the launchpad.
  • Released soulbound KYC token to greatly reduce scams.
  • Optimized swaps on supported chains by accessing all on-chain liquidity.

• July 2023: Expansion and Infrastructure Upgrade

  • Expanded to Telos, Shardeum testnet, and Shimmer testnet.
  • Upgraded infrastructure for unified high-availability service.

• August 2023: Audit and Expansion

  • Published audit reports for all smart contracts.
  • Added support for Base chain.

• January 2024: Concentrated Liquidity

  • Upgraded DEX to support concentrated liquidity, greatly reducing slippage and improving capital efficiency.

• February 2024: Internal AI DEX Aggregator

  • Implemented internal AI DEX aggregator to optimize trading for all users.

• April 2024: Expansion to Qitmeer Chain

  • Expanded to Qitmeer blockchain.

• May 2024: AI DEX Aggregator API

  • Provided AI DEX aggregator API for wallets and other projects, supporting in-wallet swaps.

• July 2024: Machine Learning-driven AI DEX Aggregator

  • Utilized machine learning to enable the AI DEX aggregator to learn and self-improve from every trade.

• September 2024: Large-scale Expansion

  • Automated processes to prepare for large-scale expansion to hundreds of chains.

• Future Plans: RPC Aggregator

  • Aggregate all public RPCs to reduce downtime and automate operations.

Common Risk Reminders

Investing in any blockchain project comes with risks, and IceCream Swap is no exception. Here are some common risks to be aware of:

• Technical and Security Risks

  • Smart Contract Vulnerabilities: Although IceCream Swap uses audited Uniswap V2/V3 smart contracts, any smart contract may have unknown vulnerabilities that could lead to loss of funds.
  • Bridge Risks: Bridges are key infrastructure connecting different blockchains, but are often targets for attackers. Although IceCream Swap's bridge is audited, potential security issues should still be watched for.
  • AI Aggregator Risks: The complexity of AI algorithms may introduce new, unpredictable risks, such as poor performance under extreme market conditions.

• Economic Risks

  • Impermanent Loss: As a liquidity provider, you may face the risk of impermanent loss. If the prices of the two tokens you provide diverge significantly, the total value of assets you withdraw may be less than what you initially deposited.
  • Token Price Volatility: The cryptocurrency market is highly volatile, and the price of ICE (or GLTO) tokens may fluctuate sharply due to market sentiment, project progress, macroeconomics, and other factors.
  • Liquidity Risk: If there is insufficient trading demand for ICE (or GLTO) tokens, it may lead to low liquidity, making it difficult to buy or sell at reasonable prices when needed.
  • GLTO Token Data Untracked Risk: CoinCarp and CoinMarketCap show that GLTO tokens currently have no price data or circulating supply, increasing uncertainty and risk for investors.

• Compliance and Operational Risks

  • Regulatory Uncertainty: Global regulatory policies for cryptocurrencies and DeFi are still evolving, and future policy changes may impact project operations.
  • Competition Risk: The DeFi space is highly competitive, with new projects and technologies constantly emerging. IceCream Swap needs to keep innovating to stay competitive.
  • Team Transparency: Limited disclosure of core team information may increase operational uncertainty.

Please remember, the above information is not investment advice. Always do your own research (DYOR) and fully understand all related risks before making any investment decisions.

Verification Checklist

To gain deeper insight into the IceCream Swap project, you can verify and research through the following channels:

• Official Website: Visit IceCream Swap's official website (icecreamswap.com) for the latest information and announcements.
• Block Explorer: Use block explorers (such as BSCScan, CoreScan, etc.) to check ICE token contract addresses, transaction records, holder distribution, and more.
• GitHub Activity: Check IceCream Swap's code repositories on GitHub (such as IceCreamSwapCom/IceCreamSwapUi, IceCreamSwapCom/IceCreamSwap-smart-contracts) to understand the project's development activity and code quality.
• Audit Reports: Look for and read audit reports from third-party organizations like CertiK to assess the security of the project's smart contracts.
• Community Channels: Follow the project's Twitter, Telegram, and other social media and community platforms to learn about community discussions and project updates.
• Medium Articles: Read articles published by IceCream Swap on Medium for project updates and technical insights.

Project Summary

IceCream Swap is an ambitious multi-chain DeFi ecosystem that aims to provide users with a "one-stop" DeFi solution by integrating decentralized exchange, bridge, liquidity mining, staking, launchpad, and AI-driven DEX aggregator functionalities. It strives to attract users through low fees, fast transactions, simplified user experience, and enhanced security measures (such as KYC system and audited smart contracts).

Its AI DEX aggregator is one of its core competitive advantages, designed to optimize trading efficiency for users through smart routing and arbitrage opportunities. In addition, multi-chain support and the built-in faucet bridge greatly enhance the convenience of managing assets across different blockchains.

However, when evaluating the project, attention should be paid to aspects such as detailed tokenomics of its native ICE (or GLTO) token, especially the untracked status of GLTO on mainstream data platforms, which may bring uncertainty for investors. Furthermore, the transparency of core team information and governance mechanisms also requires further attention.

Overall, IceCream Swap demonstrates potential for innovation and integration in the DeFi space, especially in multi-chain interoperability and trading efficiency optimization. But like all emerging blockchain projects, it also carries technical, market, and operational risks.

Please note, the above content is only an objective introduction and analysis of the IceCream Swap project and does not constitute any investment advice. Be sure to conduct thorough personal research and risk assessment before participating in any cryptocurrency project.