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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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Green SM changes its brand from Xanh SM to Green SM. The Green Smart Mobility and Intelligent Transport Joint Stock Company (GSM) announced the brand change from Xanh SM to Green SM. The change aims to unify brand identity across the entire system and marks the company's three-year operation. In…
Inside the collapse of Ice Open Network, the central dispute is no longer just price. It is trust. After the ION token plunged sharply, the project’s CEO argued that the damage was not caused by core-team selling, but by a single long-term backer that lost confidence, waited for its tokens to unlock, and then sold its position. The explanation has landed in a community already split between sympathy, doubt, and outright accusation.
The CEO said he wanted to “speak openly about the situation we are facing.” He described the project’s operating model and funding approach, stating that for more than four years the company operated out of the BVI without a traditional bank account. He said the business was funded primarily through token-based agreements with service providers covering development, marketing, and operations.
The CEO also provided financial context, saying Ice Open Network has spent nearly $18 million so far, carries monthly expenses of about $400,000, and paid no salaries to the core team. He added that a large share of supply was consumed by exchange listings, liquidity provision, and promotion.
He further said the project still holds more than 1 billion tokens, and that management is now considering cost cuts and possible token sales to stay operational. He also said that if confidence and momentum disappear, the team may shut the project down and burn its remaining tokens rather than sell them.
For holders, the prospect of cost cuts and potential token sales is difficult to digest. The conditional promise to burn remaining tokens—rather than sell—has also been viewed by some as an attempt to preserve credibility at a time when credibility is under intense scrutiny.
Criticism of the CEO’s account is tied to earlier allegations. In 2018, a project associated with the CEO reportedly raised about $43 million in an ICO that allegedly left investors with heavy losses. In 2025, he launched multiple Tap2Mine projects that generated around 500 million ICE tokens, later migrated into ION through fees.
A public promise was made to burn those tokens, but the burn never happened. According to the article, two days before the crash became public, the token had fallen heavily, and a shutdown warning followed soon after. That timeline is being interpreted by some as evidence of a credibility crisis building before the collapse became visible.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…
