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Topic: [ANN] ION [ION] | POS 3.0 | Mobile Gaming | Join the ionomy today! - page 266. (Read 473154 times)

legendary
Activity: 1596
Merit: 1021
So to summarize, "imminent" game launch and being on other exchanges is longer than 10 days, and the new "feature" of giving team ION actual useful coins that they can turn into BTC and/or dollars in exchange for useless ions is a good thing.

Glad to see things moving along swimmingly.

The Ionomy ball is starting to roll...

To bad suchmoon's Bitcointalk ION agenda document can't keep up with the pace.. A lot of crypto people are depending on the "right" answers to IONs...

You proved time and time again that you are completely unable to provide any answer to any question. How many times do I have to ask before you say where the pool of coins is coming from.

He doesn't know its obvious. Sharkie only responds where he sees fit and ignores questions on his statements e.g. sane investors would check quarterly and yearly financials which ionomy and graval has none. Sharkie puts his foot in his mouth a lot then just decides to not respond because you know if you don't sell you haven't lost any money and if you close your eyes its not there if you can't see it.

Wildshark is also a dangerous person to take any advice from or opinion. He takes everything Huey aka Adam Matlack says at face value and considers a statement from Huey as "proof" of something. On that same line of reasoning Adam Matlack took what Garza said as "proof" and we know how that turned out. Proof is actual figures and a validated line of thinking, not a comment by someone especially a human being which are prone to tell lies / bend truths where they see fit... its in our nature.

Wildshark tends to think if he asks huey something and gets an answer then that is the truth. This is incorrect as its not a validated statement.

@MrCoins shit as well... i don't understand his its 97% as efficient... thats complete utter shit. Its actually 97% of the price you would pay i.e. a 3% fee for doing it that way. Efficiency doesn't equate into it as its not work thats saved when we are talking money!

Who seriously says my job is 50% as efficient as yours when talking pay amounts?
legendary
Activity: 2100
Merit: 1042
HODL
So to summarize, "imminent" game launch and being on other exchanges is longer than 10 days, and the new "feature" of giving team ION actual useful coins that they can turn into BTC and/or dollars in exchange for useless ions is a good thing.

Glad to see things moving along swimmingly.

The Ionomy ball is starting to roll...

To bad suchmoon's Bitcointalk ION agenda document can't keep up with the pace.. A lot of crypto people are depending on the "right" answers to IONs...

You proved time and time again that you are completely unable to provide any answer to any question. How many times do I have to ask before you say where the pool of coins is coming from.
legendary
Activity: 2100
Merit: 1042
HODL
Buy IONs using Alt. coins or Mine your Alt. coin directly to Ionomy wallet and get IONs!!!

https://ionomy.com/buy/ion




The buying part I get.

How do you mine an alt coin using the Ionomy wallet?

Set your payout addy for the mining to the corresponding coin address generated on your Ionomy account.



One of the good programs to mine alt. coins with is Minergate
https://minergate.com/downloads/gui

Does this only accept the respective alt coin to convert to ION or is each alt an actual wallet that can provide outgoing transactions and well as accept them?

It is only a deposit wallet used for converting to IONs for each of the supported coin types

What exchange are they using for the exchange rate?



or you can use suchmoon's unbiased "right" answer cause the "team" is not transparent:
Where are those IONs coming from? Sharkie still pretending no to be concerned at all that the "team" is dumping the premine in increasingly elaborate ways?

My apologies, let me rephrase my question. First off, I never mentioned or brought up suchmoon in this dialogue, so please don't drag him in as an argument aid. Anyway, what I really meant was what exchange is being used to give the alt coins their value? Why is 1 ETH worth 80 ION? Where did that value for ETH come from? That's what I meant initially, could have worded it better. My apologies again.

The value of the alt coin is determined from shapeshift. The value for the ION is determined by above procedure described by Huey...

i see shapeshift also adjust the min amount too

@suchmoon Your proof for your question can be "notice the small buy orders in the Ionomy exchange that have been appearing since yesterday". When the email goes out, the process will be explained. This buy support will build and over time it could be a significant dampener on potential future dumps on the Ionomy exchange...

Isn't this just a way they can dump their endless ION supply for currencies that they can convert into btc then cash out, can't believe anyone is stupid enough to think this is a good thing

The smart person would see that this is a service provided by Ionomy to put "buy pressure" on the exchange for ION... This also is another option to crypto users to convert their alt coin to IONs without the bothers of using a "direct" exchange...

What happens if there isn't enough ION coins for sale on the internal exchange? Does the transfer get put in hold until those coins become available? Or do those coins come from some other source?

i'm guessing that Ionomy has a pool of IONs that they are using to fill the order immediately and the buy order sits on the exchange... I will get a "real" answer when Huey wakes up...



Now the question is: where did that pool of IONs come from? If the IONs are coming from the "team", then this just got real shady as the "team" controls the premine.

I got to laugh at this one and say the pool comes from your account so this Ionomy service is NOT shady!!!

Why are you laughing? Seriously, where will this pool of IONs come from? If they are not enough on the exchange, where do the extra come from?

I thought it was a good laugh saying the pool would be created from Cryptobuds account and theirfore it wouldn't be shady. Don't you remember that Cryptobuds bought enough IONs to run a Masternode??? and would gladly use them to prime the ION purchasing pool... lol

The "real" answer is there is a pool of IONs being maintained by Ionomy (ION purchasing pool), that are being used to "buy the IONs" for instant transaction. The bid is placed on the Ionomy market and when that trade occurs, the IONs are added back into the pool to replenish it for consecutive ION purchases...

Again, where are those coins coming from?
hero member
Activity: 1344
Merit: 500
So to summarize, "imminent" game launch and being on other exchanges is longer than 10 days, and the new "feature" of giving team ION actual useful coins that they can turn into BTC and/or dollars in exchange for useless ions is a good thing.

Glad to see things moving along swimmingly.

The Ionomy ball is starting to roll...

To bad suchmoon's Bitcointalk ION agenda document can't keep up with the pace.. A lot of crypto people are depending on the "right" answers to IONs...
legendary
Activity: 1526
Merit: 1000
So to summarize, "imminent" game launch and being on other exchanges is longer than 10 days, and the new "feature" of giving team ION actual useful coins that they can turn into BTC and/or dollars in exchange for useless ions is a good thing.

Glad to see things moving along swimmingly.
hero member
Activity: 1344
Merit: 500
I thought it was a good laugh saying the pool would be created from Cryptobuds account and theirfore it wouldn't be shady. Don't you remember that Cryptobuds bought enough IONs to run a Masternode???

The "real" answer is there is a pool of IONs being maintained by Ionomy (ION purchasing pool), that are being used to "buy the IONs" for instant transaction. The bid is placed on the Ionomy market and when that trade occurs, the IONs are added back into the pool to replenish it for consecutive ION purchases...

What are those "IONs being maintained by Ionomy"? Where did they come from?

Here's another question that needs to be added to suchmoon's Bitcointalk ION agenda that has the unbiased "right" answer... my answer is very basis being a Whale in the Ionomy structure and shouldn't be used in the document...

Suchmoon is got a lot of work to get her document up to snuff for the crypto community to use!!!

I'm sure in your deranged whale mind this somehow means that it's my job to explain it... but it's not.

or you can use suchmoon's unbiased "right" answer cause the "team" is not transparent:
Where are those IONs coming from? Sharkie still pretending no to be concerned at all that the "team" is dumping the premine in increasingly elaborate ways?

Let's see what the email from Ionomy describing the new "Buy ION" service says and go from there...
legendary
Activity: 3654
Merit: 8909
https://bpip.org
I thought it was a good laugh saying the pool would be created from Cryptobuds account and theirfore it wouldn't be shady. Don't you remember that Cryptobuds bought enough IONs to run a Masternode???

The "real" answer is there is a pool of IONs being maintained by Ionomy, that are being used to "buy the IONs" for instant transaction. The bid is placed on the Ionomy market and when that trade occurs, the IONs are added back into the pool to replenish it for consecutive ION purchases...

What are those "IONs being maintained by Ionomy"? Where did they come from?

Here's another question that needs to be added to suchmoon's Bitcointalk ION agenda that has the unbiased "right" answer... my answer is very basis being a Whale in the Ionomy structure and shouldn't be used to the document...

Suchmoon is got a lot of work to get her document up to snuff for the crypto community to use!!!

I'm not the one coming up with these things like "buy pressure" or "pool" of coins. I'm sure in your deranged whale mind this somehow means that it's my job to explain it... but it's not. So you don't have an answer then? Parroted another phrase with no clue what it means? Well done sharkie. You're exactly the sort of whale ionomy needs. The clueless shilly sort.
hero member
Activity: 1344
Merit: 500
I thought it was a good laugh saying the pool would be created from Cryptobuds account and theirfore it wouldn't be shady. Don't you remember that Cryptobuds bought enough IONs to run a Masternode???

The "real" answer is there is a pool of IONs being maintained by Ionomy (ION purchasing pool), that are being used to "buy the IONs" for instant transaction. The bid is placed on the Ionomy market and when that trade occurs, the IONs are added back into the pool to replenish it for consecutive ION purchases...

What are those "IONs being maintained by Ionomy"? Where did they come from?

Here's another question that needs to be added to suchmoon's Bitcointalk ION agenda that has the unbiased "right" answer... my answer is very basis being a Whale in the Ionomy structure and shouldn't be used in the document...

Suchmoon is got a lot of work to get her document up to snuff for the crypto community to use!!!

or you can use suchmoon's unbiased "right" answer cause the "team" is not transparent:
Where are those IONs coming from? Sharkie still pretending no to be concerned at all that the "team" is dumping the premine in increasingly elaborate ways?
legendary
Activity: 3654
Merit: 8909
https://bpip.org
I thought it was a good laugh saying the pool would be created from Cryptobuds account and theirfore it wouldn't be shady. Don't you remember that Cryptobuds bought enough IONs to run a Masternode???

The "real" answer is there is a pool of IONs being maintained by Ionomy, that are being used to "buy the IONs" for instant transaction. The bid is placed on the Ionomy market and when that trade occurs, the IONs are added back into the pool to replenish it for consecutive ION purchases...

What are those "IONs being maintained by Ionomy"? Where did they come from?
hero member
Activity: 1344
Merit: 500
Buy IONs using Alt. coins or Mine your Alt. coin directly to Ionomy wallet and get IONs!!!

https://ionomy.com/buy/ion




The buying part I get.

How do you mine an alt coin using the Ionomy wallet?

Set your payout addy for the mining to the corresponding coin address generated on your Ionomy account.



One of the good programs to mine alt. coins with is Minergate
https://minergate.com/downloads/gui

Does this only accept the respective alt coin to convert to ION or is each alt an actual wallet that can provide outgoing transactions and well as accept them?

It is only a deposit wallet used for converting to IONs for each of the supported coin types

What exchange are they using for the exchange rate?



or you can use suchmoon's unbiased "right" answer cause the "team" is not transparent:
Where are those IONs coming from? Sharkie still pretending no to be concerned at all that the "team" is dumping the premine in increasingly elaborate ways?

My apologies, let me rephrase my question. First off, I never mentioned or brought up suchmoon in this dialogue, so please don't drag him in as an argument aid. Anyway, what I really meant was what exchange is being used to give the alt coins their value? Why is 1 ETH worth 80 ION? Where did that value for ETH come from? That's what I meant initially, could have worded it better. My apologies again.

The value of the alt coin is determined from shapeshift. The value for the ION is determined by above procedure described by Huey...

i see shapeshift also adjust the min amount too

@suchmoon Your proof for your question can be "notice the small buy orders in the Ionomy exchange that have been appearing since yesterday". When the email goes out, the process will be explained. This buy support will build and over time it could be a significant dampener on potential future dumps on the Ionomy exchange...

Isn't this just a way they can dump their endless ION supply for currencies that they can convert into btc then cash out, can't believe anyone is stupid enough to think this is a good thing

The smart person would see that this is a service provided by Ionomy to put "buy pressure" on the exchange for ION... This also is another option to crypto users to convert their alt coin to IONs without the bothers of using a "direct" exchange...

What happens if there isn't enough ION coins for sale on the internal exchange? Does the transfer get put in hold until those coins become available? Or do those coins come from some other source?

i'm guessing that Ionomy has a pool of IONs that they are using to fill the order immediately and the buy order sits on the exchange... I will get a "real" answer when Huey wakes up...



Now the question is: where did that pool of IONs come from? If the IONs are coming from the "team", then this just got real shady as the "team" controls the premine.

I got to laugh at this one and say the pool comes from your account so this Ionomy service is NOT shady!!!

Why are you laughing? Seriously, where will this pool of IONs come from? If they are not enough on the exchange, where do the extra come from?

I thought it was a good laugh saying the pool would be created from Cryptobuds account and theirfore it wouldn't be shady. Don't you remember that Cryptobuds bought enough IONs to run a Masternode??? and would gladly use them to prime the ION purchasing pool... lol

The "real" answer is there is a pool of IONs being maintained by Ionomy (ION purchasing pool), that are being used to "buy the IONs" for instant transaction. The bid is placed on the Ionomy market and when that trade occurs, the IONs are added back into the pool to replenish it for consecutive ION purchases...
legendary
Activity: 2100
Merit: 1042
HODL
Buy IONs using Alt. coins or Mine your Alt. coin directly to Ionomy wallet and get IONs!!!

https://ionomy.com/buy/ion




The buying part I get.

How do you mine an alt coin using the Ionomy wallet?

Set your payout addy for the mining to the corresponding coin address generated on your Ionomy account.



One of the good programs to mine alt. coins with is Minergate
https://minergate.com/downloads/gui

Does this only accept the respective alt coin to convert to ION or is each alt an actual wallet that can provide outgoing transactions and well as accept them?

It is only a deposit wallet used for converting to IONs for each of the supported coin types

What exchange are they using for the exchange rate?



or you can use suchmoon's unbiased "right" answer cause the "team" is not transparent:
Where are those IONs coming from? Sharkie still pretending no to be concerned at all that the "team" is dumping the premine in increasingly elaborate ways?

My apologies, let me rephrase my question. First off, I never mentioned or brought up suchmoon in this dialogue, so please don't drag him in as an argument aid. Anyway, what I really meant was what exchange is being used to give the alt coins their value? Why is 1 ETH worth 80 ION? Where did that value for ETH come from? That's what I meant initially, could have worded it better. My apologies again.

The value of the alt coin is determined from shapeshift. The value for the ION is determined by above procedure described by Huey...

i see shapeshift also adjust the min amount too

@suchmoon Your proof for your question can be "notice the small buy orders in the Ionomy exchange that have been appearing since yesterday". When the email goes out, the process will be explained. This buy support will build and over time it could be a significant dampener on potential future dumps on the Ionomy exchange...

Isn't this just a way they can dump their endless ION supply for currencies that they can convert into btc then cash out, can't believe anyone is stupid enough to think this is a good thing

The smart person would see that this is a service provided by Ionomy to put "buy pressure" on the exchange for ION... This also is another option to crypto users to convert their alt coin to IONs without the bothers of using a "direct" exchange...

What happens if there isn't enough ION coins for sale on the internal exchange? Does the transfer get put in hold until those coins become available? Or do those coins come from some other source?

i'm guessing that Ionomy has a pool of IONs that they are using to fill the order immediately and the buy order sits on the exchange... I will get a "real" answer when Huey wakes up...



Now the question is: where did that pool of IONs come from? If the IONs are coming from the "team", then this just got real shady as the "team" controls the premine.

I got to laugh at this one and say the pool comes from your account so this Ionomy service is NOT shady!!!

Why are you laughing? Seriously, where will this pool of IONs come from? If they are not enough on the exchange, where do the extra come from?
legendary
Activity: 3654
Merit: 8909
https://bpip.org
i'm guessing that Ionomy has a pool of IONs that they are using to fill the order immediately and the buy order sits on the exchange... I will get a "real" answer when Huey wakes up...
Now the question is: where did that pool of IONs come from? If the IONs are coming from the "team", then this just got real shady as the "team" controls the premine.
I got to laugh at this one and say the pool comes from your account so this Ionomy service is NOT shady!!!

Sharkie seems to have gone off the deep end. Did he just describe ionomy as a ponzi structure?
legendary
Activity: 910
Merit: 1009
i dont think thats true. if you look at his github:

Quote
Initial Commit - Original Source
sherlockcoin committed on Sep 26
https://github.com/sherlockcoin/ion

yes ive read about the multichain thing but it doesnt change my argument (good for them its the right direction). are they not worried about possible legal problems when operating from/in US? dash is spending 50k to solve some of their own questions

member
Activity: 84
Merit: 10
this is starting to make a lot more sense now. there is only 1 game dev and he is not full time. no wonder it takes so long to push out anything. where did the ico funds go when that guy has to buy his own equipment from his own pocket? i highly doubt they have any full-time employees that work exclusively on ionomy. its a great trick to say you have 5 people working full time but forget to mention you have multiple unrelated projects

it only solidifies my belief: its a loose group of guys and matlack is heading the platform (primary focus), just as he did for xpy.io. coin is secondary as seen from their github and the latest part-time/project hire of that sherlockcoin guy. games are tertiary & slapped on as the shtick



i believe they finally paid bittrex 3BTC fee and might get listed in the near future. sharkie can finally stop saying how coinmarketcap is so biased. if 2 public exchanges do not reflect their internal one at all, its pretty obvious whats going on.

who wants to wager if the company name they will give out to bittrex is 3re llc located in texas which matlack is the CEO of? when a coin is premined they check up on these things as well as verify the devs. what are the implications of such move? woudnt that automatically mean all those atoms were sold by a company in the US


Quote
it only solidifies my belief: its a loose group of guys and matlack is heading the platform (primary focus), just as he did for xpy.io. coin is secondary as seen from their github and the latest part-time/project hire of that sherlockcoin guy. games are tertiary & slapped on as the shtick
As far as I know that sherlockcoin guy has been on since the start but thanks for your opinion.

Quote
who wants to wager if the company name they will give out to bittrex is 3re llc located in texas which matlack is the CEO of? when a coin is premined they check up on these things as well as verify the devs. what are the implications of such move? woudnt that automatically mean all those atoms were sold by a company in the US
Point being? BTW multichain will be used to make ATOMS on chain assets as per huey. But since your a member of slack you already knew that Grin
hero member
Activity: 1344
Merit: 500
Buy IONs using Alt. coins or Mine your Alt. coin directly to Ionomy wallet and get IONs!!!

https://ionomy.com/buy/ion




The buying part I get.

How do you mine an alt coin using the Ionomy wallet?

Set your payout addy for the mining to the corresponding coin address generated on your Ionomy account.



One of the good programs to mine alt. coins with is Minergate
https://minergate.com/downloads/gui

Does this only accept the respective alt coin to convert to ION or is each alt an actual wallet that can provide outgoing transactions and well as accept them?

It is only a deposit wallet used for converting to IONs for each of the supported coin types

What exchange are they using for the exchange rate?



or you can use suchmoon's unbiased "right" answer cause the "team" is not transparent:
Where are those IONs coming from? Sharkie still pretending no to be concerned at all that the "team" is dumping the premine in increasingly elaborate ways?

My apologies, let me rephrase my question. First off, I never mentioned or brought up suchmoon in this dialogue, so please don't drag him in as an argument aid. Anyway, what I really meant was what exchange is being used to give the alt coins their value? Why is 1 ETH worth 80 ION? Where did that value for ETH come from? That's what I meant initially, could have worded it better. My apologies again.

The value of the alt coin is determined from shapeshift. The value for the ION is determined by above procedure described by Huey...

i see shapeshift also adjust the min amount too

@suchmoon Your proof for your question can be "notice the small buy orders in the Ionomy exchange that have been appearing since yesterday". When the email goes out, the process will be explained. This buy support will build and over time it could be a significant dampener on potential future dumps on the Ionomy exchange...

Isn't this just a way they can dump their endless ION supply for currencies that they can convert into btc then cash out, can't believe anyone is stupid enough to think this is a good thing

The smart person would see that this is a service provided by Ionomy to put "buy pressure" on the exchange for ION... This also is another option to crypto users to convert their alt coin to IONs without the bothers of using a "direct" exchange...

What happens if there isn't enough ION coins for sale on the internal exchange? Does the transfer get put in hold until those coins become available? Or do those coins come from some other source?

i'm guessing that Ionomy has a pool of IONs that they are using to fill the order immediately and the buy order sits on the exchange... I will get a "real" answer when Huey wakes up...



Now the question is: where did that pool of IONs come from? If the IONs are coming from the "team", then this just got real shady as the "team" controls the premine.

I got to laugh at this one and say the pool comes from your account so this Ionomy service is NOT shady!!!
legendary
Activity: 2100
Merit: 1042
HODL
Buy IONs using Alt. coins or Mine your Alt. coin directly to Ionomy wallet and get IONs!!!

https://ionomy.com/buy/ion




The buying part I get.

How do you mine an alt coin using the Ionomy wallet?

Set your payout addy for the mining to the corresponding coin address generated on your Ionomy account.



One of the good programs to mine alt. coins with is Minergate
https://minergate.com/downloads/gui

Does this only accept the respective alt coin to convert to ION or is each alt an actual wallet that can provide outgoing transactions and well as accept them?

It is only a deposit wallet used for converting to IONs for each of the supported coin types

What exchange are they using for the exchange rate?



or you can use suchmoon's unbiased "right" answer cause the "team" is not transparent:
Where are those IONs coming from? Sharkie still pretending no to be concerned at all that the "team" is dumping the premine in increasingly elaborate ways?

My apologies, let me rephrase my question. First off, I never mentioned or brought up suchmoon in this dialogue, so please don't drag him in as an argument aid. Anyway, what I really meant was what exchange is being used to give the alt coins their value? Why is 1 ETH worth 80 ION? Where did that value for ETH come from? That's what I meant initially, could have worded it better. My apologies again.

The value of the alt coin is determined from shapeshift. The value for the ION is determined by above procedure described by Huey...

i see shapeshift also adjust the min amount too

@suchmoon Your proof for your question can be "notice the small buy orders in the Ionomy exchange that have been appearing since yesterday". When the email goes out, the process will be explained. This buy support will build and over time it could be a significant dampener on potential future dumps on the Ionomy exchange...

Isn't this just a way they can dump their endless ION supply for currencies that they can convert into btc then cash out, can't believe anyone is stupid enough to think this is a good thing

The smart person would see that this is a service provided by Ionomy to put "buy pressure" on the exchange for ION... This also is another option to crypto users to convert their alt coin to IONs without the bothers of using a "direct" exchange...

What happens if there isn't enough ION coins for sale on the internal exchange? Does the transfer get put in hold until those coins become available? Or do those coins come from some other source?

i'm guessing that Ionomy has a pool of IONs that they are using to fill the order immediately and the buy order sits on the exchange... I will get a "real" answer when Huey wakes up...



Now the question is: where did that pool of IONs come from? If the IONs are coming from the "team", then this just got real shady as the "team" controls the premine.
legendary
Activity: 2100
Merit: 1042
HODL
Isn't this just a way they can dump their endless ION supply for currencies that they can convert into btc then cash out, can't believe anyone is stupid enough to think this is a good thing

The smart person would see that this is a service provided by Ionomy to put "buy pressure" on the exchange for ION... This also is another option to crypto users to convert their alt coin to IONs without the bothers of using a "direct" exchange...

Does this mean that without this extra buy pressure ions can't sell on their own merit?


This is just an Ionomy service to help crypto users convert alt coins to IONs. The extra buy pressure is just the benefit generated from using this service. No one is forcing you to buy your IONs this way... Ionomy is not a non-profit organization and does charge a fee for this SERVICE...

Another benefit is a no hassle (automate) your alt coin mining to buying IONs...





No offense, but I don't think anyone on this thread believes or respects any words that come out of Mr coins mouth.
hero member
Activity: 1344
Merit: 500
Isn't this just a way they can dump their endless ION supply for currencies that they can convert into btc then cash out, can't believe anyone is stupid enough to think this is a good thing

The smart person would see that this is a service provided by Ionomy to put "buy pressure" on the exchange for ION... This also is another option to crypto users to convert their alt coin to IONs without the bothers of using a "direct" exchange...

Does this mean that without this extra buy pressure ions can't sell on their own merit?


This is just an Ionomy service to help crypto users convert alt coins to IONs. The extra buy pressure is just the benefit generated from using this service. No one is forcing you to buy your IONs this way... Ionomy is not a non-profit organization and does charge a fee for this SERVICE...

Another benefit is a no hassle (automate) your alt coin mining to buying IONs...



hero member
Activity: 1344
Merit: 500
Buy IONs using Alt. coins or Mine your Alt. coin directly to Ionomy wallet and get IONs!!!

https://ionomy.com/buy/ion




The buying part I get.

How do you mine an alt coin using the Ionomy wallet?

Set your payout addy for the mining to the corresponding coin address generated on your Ionomy account.



One of the good programs to mine alt. coins with is Minergate
https://minergate.com/downloads/gui

Does this only accept the respective alt coin to convert to ION or is each alt an actual wallet that can provide outgoing transactions and well as accept them?

It is only a deposit wallet used for converting to IONs for each of the supported coin types

What exchange are they using for the exchange rate?



or you can use suchmoon's unbiased "right" answer cause the "team" is not transparent:
Where are those IONs coming from? Sharkie still pretending no to be concerned at all that the "team" is dumping the premine in increasingly elaborate ways?

My apologies, let me rephrase my question. First off, I never mentioned or brought up suchmoon in this dialogue, so please don't drag him in as an argument aid. Anyway, what I really meant was what exchange is being used to give the alt coins their value? Why is 1 ETH worth 80 ION? Where did that value for ETH come from? That's what I meant initially, could have worded it better. My apologies again.

The value of the alt coin is determined from shapeshift. The value for the ION is determined by above procedure described by Huey...

i see shapeshift also adjust the min amount too

@suchmoon Your proof for your question can be "notice the small buy orders in the Ionomy exchange that have been appearing since yesterday". When the email goes out, the process will be explained. This buy support will build and over time it could be a significant dampener on potential future dumps on the Ionomy exchange...

Isn't this just a way they can dump their endless ION supply for currencies that they can convert into btc then cash out, can't believe anyone is stupid enough to think this is a good thing

The smart person would see that this is a service provided by Ionomy to put "buy pressure" on the exchange for ION... This also is another option to crypto users to convert their alt coin to IONs without the bothers of using a "direct" exchange...

What happens if there isn't enough ION coins for sale on the internal exchange? Does the transfer get put in hold until those coins become available? Or do those coins come from some other source?

i'm guessing that Ionomy has a pool of IONs that they are using to fill the order immediately and the buy order sits on the exchange... I will get a "real" answer when Huey wakes up...

legendary
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HODL
Isn't this just a way they can dump their endless ION supply for currencies that they can convert into btc then cash out, can't believe anyone is stupid enough to think this is a good thing

The smart person would see that this is a service provided by Ionomy to put "buy pressure" on the exchange for ION... This also is another option to crypto users to convert their alt coin to IONs without the bothers of using a "direct" exchange...

What happens if there isn't enough ION coins for sale on the internal exchange? Does the transfer get put in hold until those coins become available? Or do those coins come from some other source?
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