🧊

Icebox

Powered by Icy 🐻‍❄️

📚 Icebox Documentation

Learn how to securely lock and unlock tokens with Icy the Polar Bear! 🐻‍❄️

🧊 What is Icebox?

Icebox is a secure token locking protocol built on Abstract Chain that allows you to freeze your ERC-20 tokens for a specified time period. Whether you want to create vesting schedules, demonstrate long-term commitment, or simply secure your tokens from impulsive decisions, Icebox keeps your assets safely frozen until you're ready to thaw them out.

🔒 Powered by Smart Contracts: Your tokens are secured by audited smart contract technology on Abstract Chain, ensuring maximum security and transparency.

⚙️ How It Works

1

Connect Your Wallet

Connect your Web3 wallet to the Icebox dApp on Abstract Chain.

2

Choose Your Tokens

Enter the contract address of the ERC-20 token you want to lock.

3

Set Lock Parameters

Specify the amount, lock duration, and beneficiary address (who can unlock the tokens).

4

Approve & Lock

Approve the token spend, then complete the locking transaction.

5

Wait & Unlock

After the lock period expires, the beneficiary can unlock and claim the tokens.

💰 Fee Structure

📊 Protocol Fees

  • Lock Fee: 1% of tokens locked
  • Unlock Fee: 1% of tokens unlocked
  • Total Cost: ~2% total (1% on lock + 1% on unlock)

🔄 Fee Distribution

Protocol fees are automatically split 50/50 between two development wallets to support ongoing development and maintenance of the Icebox protocol.

💡 Example

Locking 1000 tokens:
• Lock fee: 10 tokens (1%)
• Tokens locked: 990 tokens
• Unlock fee (later): ~9.9 tokens (1% of locked amount)
• Final received: ~980.1 tokens

👤 Beneficiary System

⚠️ Critical Important Notice

Only the beneficiary address can see and unlock the locked tokens! If you set a beneficiary address different from your own wallet, you will NOT be able to unlock the tokens yourself.

Beneficiary Options:

  • Self (Recommended): Leave beneficiary field blank to use your own address
  • Third Party: Enter another address to create locks for someone else
  • Team Vesting: Set team member addresses for vesting schedules

🔐 Security & Safety

✅ Security Features

  • • Smart contract audited for security
  • • Non-upgradeable contract (immutable)
  • • Reentrancy protection
  • • Overflow protection
  • • Open source & verifiable

⚠️ Important Notes

  • • Locks cannot be canceled early
  • • Double-check beneficiary addresses
  • • Verify token contract addresses
  • • Keep wallet access secure
  • • Gas fees apply for transactions

❓ Frequently Asked Questions

Can I unlock my tokens early?

No, tokens cannot be unlocked before the specified lock period expires. This is by design to ensure the integrity of the locking mechanism.

What happens if I lose access to my wallet?

If you lose access to the beneficiary wallet, the tokens will remain locked forever. Always ensure you have proper wallet backup and recovery procedures in place.

Can I lock any ERC-20 token?

Yes, any standard ERC-20 token can be locked in Icebox. However, verify the token contract address carefully to avoid locking worthless or scam tokens.

Are there gas fees in addition to protocol fees?

Yes, you'll pay Abstract Chain gas fees for the approval and locking transactions, separate from the 1% protocol fees.

🪙 Team Tokens

Support the Glorp Technology Corporation ecosystem by checking out our native tokens on Abstract Chain!

👽 GLORP Token

The flagship token of Glorp Technology Corporation, powering our ecosystem of innovative DeFi solutions.

📈View on Dexscreener

🧊 ICY Token

The official token of Icy the Polar Bear, representing the frozen ecosystem and Icebox protocol.

📈View on Dexscreener

🏢 About Glorp Technology Corporation

Icebox is proudly built by Glorp Technology Corporation, powered by @Absglorp. We're dedicated to creating innovative DeFi solutions on Abstract Chain.

Glorp Technology Corporation
Powered by @Absglorp • Built with ❄️ on Abstract Chain
👽 Stay frosty! 🐻‍❄️