Olivia
Online
Harresh Subramaniam
@Harresh24
Joined December 2023
146 Following
114 Followers
2.3K Posts
I built this because everyone for a considerable amount of time was saying that you cannot build or do certain things on the chain, including being able to launch/mint a token on it.
This is a showcase of that. More things will follow over time, and my last wish is to make it to DEX one day, if project remains.
Spent the last few days building this on my own dime and time, for the ION community.
ION Hub — a free, open-source community platform for Ice Open Network.
Live now: https://t.co/NVWnb3eEe8
ION Hub — Token Launchpad: Launch tokens on Ice Open Network in one click.
No code. No friction, Near-zero gas.
Go mint something cool. Go deploy something.
$ICE $ION @ice_blockchain
👉 A personal note on the noise, the lies, and why I’m still building
Lately, I’ve received a lot of hate, FUD, and even death threats from certain people in the community. Some of those threats have already been reported to the authorities.
Despite all of that, I’m still here. I’m still building. And I’m still ignoring the noise.
What I’m seeing lately is not criticism grounded in facts. It’s conspiracy theories, hallucinations, and people repeating accusations they never took the time to verify for themselves.
So let’s address a few of them directly.
1) “You rugged the community”
This claim falls apart the moment anyone looks at the public history of our work.
We started building this project at the beginning of January 2022. We made the code public in March 2023. That is easily verifiable on GitHub across all repositories related to Phase One.
For example, when we made the mobile app repository public, it already contained 229,000 lines of code written by our team during that period:
https://t.co/owyHa16Fyy
Since then, our team has written millions of lines of code across the broader codebase over the past four years.
So let me ask a simple question: does it make any sense that a team would invest years of work, millions in cost, build publicly, show its faces, attend conferences, go live on streams, and continue shipping for years — only to “rug” at the lowest point?
If the goal had ever been to scam people, there were far easier moments to disappear. We did not disappear. We kept building.
That matters.
The work was real. The cost was real. The commitment was real. And it has all been visible for anyone willing to look.
What is not serious is hiding behind anonymous accounts, refusing to verify public information, and then throwing around the word “scam” as if that replaces evidence.
2) “You changed from ICE to ION so you could mint tokens and dump on the community”
This is another false narrative pushed by people who either do not understand how bridge contracts work, or do not care to understand.
We did not migrate from ICE to ION because of some secret plan to mint coins and scam users. We were sued by Intercontinental Exchange over trademark infringement related to ICE. That legal battle went on for years. We won in the US, and then the fight continued in the EU. Based on legal advice, we changed the ticker from ICE to ION. That is why the migration happened.
Reference:
https://t.co/E8JT6llSxv
Now let’s address the bridge contract allegation clearly.
The fact that the ION BSC bridge contract contains mint functionality does not mean we can mint unlimited tokens whenever we want.
That is how bridged assets work.
The ION bridge between Ice Open Network and BSC follows a lock-and-mint / burn-and-unlock model:
When a user bridges ION from Ice Open Network to BSC, the original ION is locked on the Ice Open Network side.
Then the corresponding bridged amount is minted on BSC.
When a user bridges back from BSC to Ice Open Network, the bridged ION on BSC is burned.
The original ION is then unlocked on Ice Open Network.
So yes, the BSC contract has mint functionality. It has to. That is part of bridge logic. It does not mean the team can arbitrarily create supply out of thin air.
This is visible in the verified contract code on BscScan, where minting is part of the bridge mechanism involving validation logic and functions such as voteForMinting, not a simple “owner prints tokens” button:
https://t.co/HCg4pdmAx6
The total supply remains 21B ION. Bridging does not create extra supply. It mirrors already locked tokens across chains.
And if anyone wants to verify major allocations and wallets independently, they can do that on our official whales page:
https://t.co/PHDchnhF27
You can clearly see the main pools there, including:
Elector — staked coins from community users
Rewards — community rewards pool, vested and locked
BSC Bridge — coins allocated to bridge activity to BSC
Team — team allocation, locked and vested
Ecosystem Growth and Innovation — locked and vested
Treasury — treasury allocation, also locked with vesting
These addresses can also be cross-checked against our Coin Economics page:
https://t.co/ODJAmLOZS7
Everything is public.
The contract is public.
The distribution is public.
The allocation model is public.
So before repeating the claim that “the team can mint unlimited ION on BSC,” verify the data first.
3) “You stole $50M from investors in your previous project”
This is another lie that keeps getting repeated by people who read one headline and then build a fantasy around it.
I have never hidden the fact that I worked on another blockchain project before this one, and I have spoken openly about using the lessons from that experience to build ION better.
The false “$50M stolen” narrative comes from a PR article that said we had raised approximately $50M. The reality is much simpler: at the time, we were in discussions with potential VCs who had shown interest. The money was never actually raised.
That headline created a completely false impression, and now years later some people are using it as if it were proof of a crime.
Use common sense for a second.
If someone had really stolen $50M from investors while being publicly known, publicly visible, operating openly, and continuing to appear in public, do you seriously think that person would just be freely walking around with no consequences?
The answer is obvious.
No money was stolen. No $50M raise was completed. That narrative is fiction built on a misleading PR statement and amplified by people who want drama more than truth.
4) “You’re a hacker, ran a botnet, and all the rest of the nonsense”
This is another story that has been twisted far beyond reality.
Years ago, there was an article about a business I was involved in within the IP industry, and ever since then some people have used that to paint me as some kind of criminal mastermind. It is nonsense.
What I can say is that in competitive internet industries, smear campaigns are real, trust attacks are real, and dirty tactics are common. I’ve seen that firsthand. A lot of people online read one article, make zero effort to understand the context, and then confidently spread the worst possible interpretation as if it were fact.
Again, use logic.
If I were what some of these anonymous accounts claim I am, do you think I would be operating publicly, showing my face, speaking live, attending events, and continuing to build in full view?
People are free to question me. They are not free to replace evidence with fantasy.
Where we are now
As we announced a few days ago, we are not going anywhere.
We are still building.
Yes, for the time being we have chosen to develop closed-source, and we will make things public when we are ready. This time we are taking a different approach: building products that bring revenue and utility from day one, with a strong focus on users outside of crypto so adoption can be much broader and much faster.
My history has taught me something very clearly: the bigger the project, the more noise comes with it.
More lies.
More hate.
More people projecting their own frustration onto the team that kept working while they were busy posting theories.
That changes nothing for me.
We will keep building.
We will keep shipping.
We will keep fighting when necessary.
And we will not stop because anonymous people on the internet decided to confuse fiction with facts.
If you want to criticize, do it with evidence.
If you want to verify, the data is public.
If you want to spread lies, at least understand that I’m not going to bend to them.
I’m still here.
Still building.
Still moving forward.
That’s all that matters.
🧑💻 An Update from the CEO
Over the last two days, we made the decision to continue — and more importantly, we acted on it.
We have already restructured the company and reduced operating costs from roughly $400,000 per month to around $45,000 per month. This was not easy, but it was necessary. We moved fast, cut deep, and focused only on what is essential.
The last four years taught us many lessons, but one stands above all:
A good idea means nothing if execution is too slow.
That is the lesson we are taking forward into this next chapter.
Our priority now is simple: focus on a fresh direction that can rebuild trust in the community while also generating real revenue for the company. We are no longer interested in wasting time, energy, or capital on anything that does not directly move us closer to product-market fit and sustainable growth.
I will personally be joining the development effort to help bring this next product to market as fast as possible and to work directly with the team on execution. We are not going to repeat the mistake of overpromising before delivery. We will not reveal what we are building until it is ready. For those who still believe in us, stay with us a little longer — and when the time comes, we will show you.
To move faster, we will be building this product in a closed-source environment during development. That decision is purely about speed and execution. Right now, shipping matters more than optics. Once we are live, we can focus on opening things up properly.
We are now a smaller team, made up primarily of developers, and our time will be spent exactly where it should be spent: building. No distractions. No wasted effort. No unnecessary overhead. Just execution.
Whether people choose to stand with us or not, we are moving forward with this plan. We are going to take this shot and see it through. Once the product is live, it will be something that can be marketed far beyond the crypto industry, which gives us a much stronger path toward real adoption and sustainable company revenue.
At this moment, the company still holds a little over 1 billion $ION. These tokens will be used only to cover essential development and infrastructure costs. Because the previous service agreement has ended and that external funding is no longer available, we will be activating an automatic daily sale of $1,500 worth of tokens to help fund operations at the current market price. This is not a choice we make lightly, but it is the practical path that allows us to keep building over the coming months.
Over the next 4 to 8 weeks, you should expect to see major changes across the website, the whitepaper, and most importantly, the launch of the first version of the new product.
Our goal is clear: go live fast, get real feedback fast, and scale 10x faster than we did in the past.
What we are building is a real utility product with real-world use, something unique within crypto and something we believe the market genuinely needs.
Once it goes live, we believe adoption can accelerate faster than anything we have done before — because for the first time, our growth will be driven by real utility and real demand, not just belief alone.
To everyone who has stood by us for the past four years: thank you.
Give us 4 to 8 more weeks.
That is all we ask.
Stay with us, watch what we build, and witness how we turn the hardest moment in this project’s history into the foundation of its strongest chapter.
We are still here.
We are still building.
And we are not done yet.
Thank you for the support.
$ION x $ARIA
✨ After listening to the community, we’ve made our decision:
We stay. We build. We win.
We’re restructuring the company from the ground up.
Cutting waste.
Dropping distractions.
Doubling down on what actually matters.
No more dead weight.
No more inefficient spending.
No more side paths.
Just a leaner team, better execution, and total focus on scaling.
This is not the end of anything.
It’s the beginning of a stronger chapter.
$ION is here to stay.
The road to $1B market cap begins now.
Over 2 years, I accumulated over 200M $ION tokens which at one point were worth over 2 million dollars. Not one single dollar was sold by me ever. I never even moved them out of Online+ till now. Having full trust in @ice_blockchain ‘s team & the potential of this going to billions, I kept holding through thick & thin.
Today I am 2 million dollar down, not knowing what’s next & not knowing how to react.
Everything seemed right. The work is being publicly done day in & out by the team. We have tangible results like Online+ , a fully doxxed team & more. Till now idk why the dump today. Everything looks promising. Utilities , launch’s , upcoming tokenised communities , products & more.
@ice_z3us @mikecostache this needs to be addressed & amended. It’s make or break now.
If this is handled well it will have a tremendous effect. Please make it right!
Seeing the current dump on #ION… yeah, it’s not funny... Quite sad 💔
A big chunk of $ION got bridged from ION Chain to BSC and sold, that part is obvious.
The pattern looks like multiple wallets receiving similar amounts from a system source, then dumping.
Could be VALIDATORS. And honestly, that wouldn’t be shocking.
These guys Staked their funds in ION and run nodes, earn rewards, and at the end of the day, some are just here for profit.
After this long, some of them will take exits... Maybe frustration? strategy? Or a coordinated dump after some internal demands not agreed on? whatever it is.
The idea that the team is minting to dump doesn’t really make sense. It’s just the easiest thing to say when price drops and anger sets in.
Truth is, we don’t fully know what’s going on yet. Some of us are only exploring the logical reasons behind it.
I’ve seen people asking the team to step in and push the price up, yeah that is out of concern and love for the project... but that can backfire ❌.
If sellers aren’t done, they’ll just dump into that liquidity.
More like giving them better price to dump on 😀...
Sometimes it’s better to let it play out for a while, take action a bit later...
For now let the normal buyback from @baomarkets and burning from @bao_rush continue, while community members that can stake their heart in can buy more if they can, at a cheaper rate...
If anything, I’d rather this kind of shakeout happens now than later.
Team is still building, network is still running. That hasn’t changed.
@ice_blockchain is very much alive and building!
I personally have an Ai Powered platform built On-Chain, massive and fully functional that I am yet to disclose to anyone... So products are coming on #ION 🚀
If you’ve been in crypto long enough, you’ve seen this before. It’s not new, just uncomfortable.
🔥 As mentioned, we’re actively working on it.
Real usage, weekly buybacks, and growing impact across the ecosystem.
This is how we build through market conditions.
WEEK 3 — $ION BUYBACK COMPLETE
Three weeks. Three buybacks. Zero excuses.
Week 1: $21,601 ✅
Week 2: $32,117 ✅
Week 3: $27,315 ✅
Total bought back: $81,033
We crossed $80K in just 3 weeks.
📅 Every single week, like clockwork
📈 On track for $100K+/month
🔥 $100K total buyback incoming next week
Actions speak louder than promises.
Bao, Trade Crypto like a Whale 🐋
https://t.co/uQJSQQdWqg
📉 We see the price action. We’re not ignoring it.
There are whales moving, liquidity shifting, and it looks like coordinated activity in the market. This is outside our direct control, but how we respond is not.
There are ~11B $ION in circulation, with more than half already on the ION chain. No new coins are being minted. What we’re seeing is movement through bridging, not dilution.
On our side, we are taking action today. We’re working closely with @baomarkets and @bao_rush to drive buybacks, burns, and real usage across the ecosystem.
We’ll keep building, integrating, and pushing forward.
🧑💻 We’re here to stay, and we’re building every day.
🤖 We’ve seen your comments and messages. Some think we slowed down or stopped building.
The reality is the opposite. We’re fully focused and moving faster than ever.
👨🏻💻 Today we’re opening another repository, showing the progress from the past weeks and making public the new AI-built ecosystem, including both backend and frontend for Online+ and the ION dApp Framework.
https://t.co/XNxb2F6s7X
This is real work, real code, and real progress. You can see it for yourself.
We’re here. We’re building.
We position even more while many panic. (One of the rules of investing)
Keep building @ice_blockchain
Those that understand your vision and mission are still here. ☺️☺️
You may not see it yet, but this change and integration of AI is HUGE 🔥.
Once the change is implemented and used, it will be a game changer for the entire ION project 🤍
Congratulation @ice_blockchain 🎉
@ice_blockchain $ION #ION
ZORA Dumped 85% after listing & kept going sideways for 75 days straight before going on an incredible 2000% pump.
Many talked shit , many sold the bottom & many cried.
The same exact thing is happening to $ION , it listed and it is going down and sideways for almost 40days now.
Many are talking shit many are crying and many are selling the bottom.
I personally believe what @ice_blockchain built and is building is far more SUPERIOR than ZORA & I expect it to go even higher.
People have the right to be stressed that’s part of the game but those who believe in the vision will prevail. I know @ice_z3us @ I know the amount of work he is putting on this. I know he won’t disappoint Because $ION is make it or break for him.
👨🏻💻 What used to take months, even a year to build, was delivered in just 2 weeks.
🚀 A major breakthrough for Ice Open Network.
https://t.co/18gbfBQKUz
Introducing ION Pulse, our decentralized database powering the next generation of scalable Web3 applications.
👨🏻💻 What used to take months, even a year to build, was delivered in just 2 weeks.
This is the new speed of building. Extremely proud of the team.
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