Weekly Development Update — ICE Token gets deployed
ICE Token is now available on the Ropsten test network.
A week has passed since Online.io reached its Hard Cap of $50 million, selling a total of 1,825,005,543 OIO Tokens during it’s 45-day Token Generation Event (TGE). Whereas most people like celebrating such important milestones, we didn’t waste even a day and our entire team was hard at work finishing the mechanism of the Online.io ecosystem, namely, the ICE token.
As such, the ICE token was immediately deployed on Ropsten in order to start testing and receiving initial user feedback before going live in a short while.
Why are we using a test network?
The one thing we value more than keeping our commitment to deliver amazing products is quality. Besides this, we believe that the quality and execution are directly interlinked and quality should never be overlooked just to rush releasing a product in the market.
Online.io’s private cloud and the ICE token are robust and complex products so we decided to deploy the current version on the Ropsten Network so that we can now receive quality feedback from the community and allow us to improve the current features as well as avoid any possible issues before the final release.
Why Ropsten?
A test network is a distributed cluster running Ethereum nodes, which is designed specifically for testing Ethereum smart contracts. Due to the immutable nature of smart-contracts and distributed ledger technology in general, the development of blockchain products follows a different lifecycle than the usual products, especially in terms of testing. Once a smart contract is live, making changes is a tedious process and it becomes very hard to regain our reputation once the community sees our inability to deploy a proper product.
There are various test networks for Ethereum Smart Contracts beside Ropsten, such as Kovan and Rinkeby. The question then remains, which network is best suited for our particular needs in regards to the ICE smart contract?
Well, we chose Ropsten from all other test networks for a couple reasons:
(1) It has the Proof-of-Work consensus, which is the same as in the main network, thus giving us the best testing environment for optimal results: https://ethereum.stackexchange.com/questions/27048/comparison-of-the-different-testnets
(2) It offers an easy way to test Ethereum smart contracts, which can be used for making test transactions: http://faucet.ropsten.be:3001/
More articles explaining Ethereum test networks:
- https://medium.com/compound-finance/the-beginners-guide-to-using-an-ethereum-test-network-95bbbc85fc1d
- https://medium.com/coinmonks/ethereum-test-networks-69a5463789be
Accessing the ICE smart contract
The ICE smart contract is deployed and validated in the Ropsten test network with the following data:
- Smart contract address: 0x5aEDeab0fe22d7BEab9D10767094899fafe6e4b1
- Source code: https://ropsten.etherscan.io/address/0x5aEDeab0fe22d7BEab9D10767094899fafe6e4b1#code
- Contract deployment transaction:
https://ropsten.etherscan.io/tx/0x99d1cfd0d8b76cd3c575ec022f0ac44c24cbbeb3d91c3c8afd1bc0e7af92e8b0
The contract was deployed on Aug-02–2018 07:42:50 AM +UTC. Therefore, the minting timer started since the previously mentioned time.
Next steps
Now that we finished developing and deploying our Ethereum tokens, we are preparing the private blockchain, which is mostly ready as well.
The next step is actively integrating and testing all of the components together. We are using Ropsten for the token contract and a special test version for the private blockchain.
Stay posted for the deploy and release of the private blockchain attached to the Ropsten ICE token.
