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1. No...locations are set.
2. On some icons, when placing the hot pink (255,0,255) color, it will show as transparent. On other icons, it will show as hot pink. Most of them will be transparent. So if you have the hot pink as the background and something else as the foreground, only the foreground will show.
3. No.....the image is either transparent or not, but not both.
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