Saturday – Iceberg Protocol hosted a telegram community-based AMA, in which co-founder and CEO Frank Littiero answered a series of mostly utility-related questions from holders and project supporters.
Inquisitive investors made inquiries into future plans and next steps for the hyper-deflationary cryptocurrency project.
The community-conscious CEO made it clear that his vision is to complete utility development prior to deploying a more strategic marketing scheme, to be based around future use-cases.
The utility is what gives a project undisputable purpose and relevance in the DeFi space. Until now, Iceberg has been marketed as a Binance Smart Chain token with a protocol-utility function, evidenced by the project name.
Iceberg Protocol’s auto-vest and burn function is the foundational purpose communicated to current and potential investors thus far.
The smart protocol is the main promo point articulated through currently-leveraged media exposures like Poocoin, Coin Market Cap, CoinGecko, Twitter, YouTube, Reddit, and other marketing channels commonly used by experienced crypto marketing teams.
Future utilities will bring exposure to Iceberg
$ICEBERG token is the flagship project utilizing the Iceberg smart protocol, a smart contract design that auto-vests tokens to a secure smart locker, to be scheduled for future burns.
Project tokenomics allocate a percentage of all buys and sell to be designated for transaction burns facilitated through a buyback wallet.
The combined effect of supply and transaction burns has resulted in greater than 30% of the Iceberg total supply being removed.
While the response to the project and Protocol-utility has been largely positive, the team made it clear in the AMA on Saturday, that the prioritized focus is on development.
Effects of influencer marketing like that of Souljah Boy, who partnered with Iceberg for a $5,000 giveaway earlier this month, give temporary results that are good, but only last for a limited period of time.
With over 6,000 cryptocurrencies in circulation, investors’ attention moves as quickly and as often as the currency does in the trillion-dollar crypto market.
Even the most properly executed mainstream marketing strategies often produce limited lasting effects on token price.
The continuous work and innovation of fundamental blockchain development are what build lasting value. Holder contests, cash giveaways, retweet competitions, shilling, and sharing all have their place, but Iceberg understands utility is where project and token value are both established and raised.
“We have to successfully develop the utility, and that will be what we market because it will speak for itself.” – Francesco Littiero, Co-founder, CEO
What’s next for Iceberg?
The Iceberg team is attentive and responsive to its need for further utility development. It was revealed on Saturday that the development of an innovative wallet with never-before-seen safety features has been underway for an undisclosed amount of time.
The determined $Iceberg CEO shared this news with investors via real-time telegram message just minutes after the AMA concluded.
Investors’ response was positive, as rockets and flames flooded the telegram community chat – a clear sign of approval and excitement behind the development news! Iceberg looks to be moving ahead with priorities in the right place.
All eyes and ears should be open as Iceberg developers work towards the successful completion of more utilities. It is clear that beneficial utility will further substantiate Iceberg’s relevance in the cryptocurrency community and universal Decentralized Finance ecosystem into the future.
Telegram: https://t.me/icebergprotocol
Twitter: https://twitter.com/icebergprotocol
Reddit: https://www.reddit.com/r/ICEBERGLABS/
Media Contact:
Bee Brown
[email protected]
Source: https://coinpedia.org/guest-post/iceberg-utility-development-program/