ION FAQ
Last Update: August 28, 2016
Q: What is ION?
A: A frankenclone of Blackcoin and Dash.
Q: What is ionomy?
A: Mainly an online wallet for ION and some other features, e.g. an ION/BTC exchange.
Q: What's the connection with Paycoin and GAW?
A: ION was created by a team that tried to prop Paycoin (XPY) up for a year after GAW's demise, XPY being the extension of the hashlet ponzi scheme perpetrated by GAW owner/CEO Homero Joshua Garza. In April 2016 the team declared XPY dead, created their own new coin ION, rebranded xpy.io online wallet to ionomy.com, and converted xpy.io XPY balances to ION.
Q: What's the purpose of ION and ionomy.com?
A: Mobile game development with a focus on in-game use of ION. Announcement here, more info here.
Q: How was ION created and distributed?
A: xpy.io users had their XPY converted to ION at a 8:1 rate. Others had a chance to purchase ION via an ICO at $0.20-0.25. ION is 100% pre-mined with ~75% of the initial coin supply controlled by its creators.
Q: Who controls ION?
A: Ionomy PTE (a Singapore company) is the counterparty in ionomy.com TOS however such company does not exist.
Q: What happened to the exchanged XPY?
A: Some of it has been burned however it is unclear how much has been exchanged and what happened to the rest.
Q: What happened to the BTC collected during the ICO?
A: According to unconfirmed third party claims most of the BTC has been converted to USD. There is an ICO address provided that shows 335 BTC received and 0 BTC balance as of June 16, 2016.
Q: Didn't they use escrow?
A: Nope.
Q: What will happen to the rest of the premine that the team still controls?
A: It is supposed to be used for bounties, promotions, etc.
Q: What are the addresses for bounty and other team wallets?
A: Dev bounty fund consists of multiple addresses totaling 2.5+ million ION. The team did not provide any other details.
Q: What's with the stakers, masternodes, etc?
A: Stakers are ionomy.com online wallets paying interest rates of 15%-50% on term deposits. Masternodes are blockchain wallets with a 20k ION minimum balance. Masternodes share 50% of all block rewards (potentially ~50% APY in the first year).
Q: How many masternodes does the team own?
A: The team did not provide any details.
Q: Why does the team need new coins in addition to the pre-mine?
A: The team did not provide any details.
Q: How many games does ionomy.com plan to produce?
A: One every month.
Q: How many games has ionomy.com produced?
A: None as of three months after the ICO.
Q: Does the team plan to maintain and update the games or do they have a built in shelf life? (i.e. quality vs quantity)
A: The team did not provide any details.
Q: How will the team work around Google Play and Apple rules prohibiting the use of third-party payment methods (such as ION) in mobile games?
A: The team did not provide any details.
Q: How many ION team members does it take to fix the "edgey" typo in the Urban Words description?
A: The team did not provide any details.
Q: Does the team provide any status updates or other information?
A: Some limited information may surface on ionomy slack however due to lack of structure, no public access, and limited retention it is difficult to locate and impossible to link to slack postings. Some investors have claimed to have access to privileged information, including financial details and business plans by virtue of being "whales" (large investors).
Q: Has CryptoBuds acquired a masternode?
A: He's a nice guy.
Topic: [ANN] ION [ION] | POS 3.0 | Mobile Gaming | Join the ionomy today! - page 342. (Read 473179 times)
September 03, 2016, 10:13:27 PM
September 03, 2016, 09:55:56 PM
Quote from: o0o0 link=topic=1443633.msg16128570#msg16128570
Don't they have a bunch of ico money they can use to pay to have the vision come to life or is the collected ico a pension fund for them to slowly draw from as a weekly wage?
Yes, there are funds to pay for the vision to be developed, dev fund + ico. So no problems on that. They just dont feel a need to rush things, though the game could use a boost.
Rush things? I felt they didnt feel the need to actually do anything by their progress so far.
Their Roadmap should be updated to reality
ICO
Dump some premine
Hookers and Blow
Dump some premine
Stall a bit
Dump some premine
Stall more
Dump some premine
Claim it was all too hard but we really tried and start new ICO
Talk about how "nice" we are
September 03, 2016, 06:13:51 PM
Sharkie is just desperate to try and spam the negative comments off the last page of this thread. Hes had a big assist from boki obviously.
Do we need a PSA? Or would it be considered spam?
Do we need a PSA? Or would it be considered spam?
Meh. Let him ramble. At least he's occasionally on topic.
September 03, 2016, 06:01:05 PM
Would be great to have an entity that is legally authorized to process the transaction without every game dev having to go thru that process and do all the same validations on their customers.....
most game devs do just that... games. ion team is different. they are operating as a money transmitting business + games
apple/google stores provide a product/service(non-monetary) for that money and do not need to fulfill banking secrecy acts or other money transmitting regulations. i wonder how they will react to someone turning their payment processor into a money transmitting service with no kyc/aml. i dont know how other gaming coins evade this but to me it looks like you could turn legitimate funds into funding for illegal activities without a trace. very strong move in the day of increased terrorism
September 03, 2016, 05:58:07 PM
Quote from: o0o0 link=topic=1443633.msg16128570#msg16128570
Don't they have a bunch of ico money they can use to pay to have the vision come to life or is the collected ico a pension fund for them to slowly draw from as a weekly wage?
Yes, there are funds to pay for the vision to be developed, dev fund + ico. So no problems on that. They just dont feel a need to rush things, though the game could use a boost.
September 03, 2016, 05:45:19 PM
Sharkie is just desperate to try and spam the negative comments off the last page of this thread. Hes had a big assist from boki obviously.
Do we need a PSA? Or would it be considered spam?
Do we need a PSA? Or would it be considered spam?
September 03, 2016, 03:38:17 PM
Would be great to have an entity that is legally authorized to process the transaction without every game dev having to go thru that process and do all the same validations on their customers.....
most game devs do just that... games. ion team is different. they are operating as a money transmitting business + games
apple/google stores provide a product/service(non-monetary) for that money and do not need to fulfill banking secrecy acts or other money transmitting regulations. i wonder how they will react to someone turning their payment processor into a money transmitting service with no kyc/aml. i dont know how other gaming coins evade this but to me it looks like you could turn legitimate funds into funding for illegal activities without a trace. very strong move in the day of increased terrorism
September 03, 2016, 03:32:24 PM
I don't shill ION, you made that up as well.
8. Point 7 makes you to Nr.1 promoter of this thread, you and your buddies push it to Nr1 all the time.
9. Point 8 could bring a lot new users to invest, just because it is always in the tops.
10. Through point 10, you do promote ION and you say that they are scam. This means you and your buddies promote scam.
9. Point 8 could bring a lot new users to invest, just because it is always in the tops.
10. Through point 10, you do promote ION and you say that they are scam. This means you and your buddies promote scam.
shill [shil] Slang.
definition - to advertise or promote (a product) as or in the manner of a huckster; hustle:
I can not understand why the BCT gang is not calling yourself "a shiller of ION"
There are 159 pages of you making this thread stay in the number 1 position for this chat Forum!!! September 03, 2016, 03:15:57 PM
I provide the dollar address of the Bitcoin that was converted to dollars...
What is a "dollar address"?
I provided the address for the funds of the Bitcoin that was converted to dollars... 50 BTC of the IOC Bitcoin funds were not converted
You provided an address that has 0 BTC in it. There is no proof of anything else you're saying here. In other words, utterly useless.
lol sorry U don't like my explaination of posting a "dollar address". Those type of address do not contain Bitcoin... lol
I promote ION. U shill ION and "prove" with Bitcoin. POS is the wave of the future
I didn't mention anything about me liking something or not, you made that up. I stated a fact - the address you posted had 0 BTC in it. And 0 USD too if you keep insisting that it's a "dollar address".
I don't shill ION, you made that up as well.
But at least we have now established that in your vocabulary "promote" means "lie" so that's a positive outcome.
September 03, 2016, 02:41:13 PM
I provide the dollar address of the Bitcoin that was converted to dollars...
What is a "dollar address"?
I provided the address for the funds of the Bitcoin that was converted to dollars... 50 BTC of the IOC Bitcoin funds were not converted
You provided an address that has 0 BTC in it. There is no proof of anything else you're saying here. In other words, utterly useless.
lol sorry U don't like my explaination of posting a "dollar address". Those type of address do not contain Bitcoin... lol
I promote ION. U shill ION and "prove" with Bitcoin. POS is the wave of the future
September 03, 2016, 02:38:14 PM
I provide the dollar address of the Bitcoin that was converted to dollars...
What is a "dollar address"?
I provided the address for the funds of the Bitcoin that was converted to dollars... 50 BTC of the IOC Bitcoin funds were not converted
You provided an address that has 0 BTC in it. There is no proof of anything else you're saying here. In other words, utterly useless.
September 03, 2016, 02:31:04 PM
I provide the dollar address of the Bitcoin that was converted to dollars...
What is a "dollar address"?
I provided the address for the funds of the Bitcoin that was converted to dollars... 50 BTC of the IOC Bitcoin funds were not converted
September 03, 2016, 02:19:44 PM
I provide the dollar address of the Bitcoin that was converted to dollars...
What is a "dollar address"?
Here's the text and version for "earned"
You "earned" your status by shilling? Is that what you're trying to say?
September 03, 2016, 02:14:32 PM
WildShark, you keep ignoring this question that I have asked you at least 3 times:
How did you "ear " the whale status when everyone else "paid" to be a whale?
How did you "ear " the whale status when everyone else "paid" to be a whale?
Here's the text and version for "earned"
First off you are incapable of forming and writing your own thoughts. You just manipulate someone else's post
It is easier to correct your post with the right information to get my view/comment on the many topics you ask me to answer
Here is a good example of topic you want to discuss:
Ladies and gentleman, here we have the face of ION ^^^^^^^
This person paid to have influence on the platform and also get information sooner than other investors. (He refuses to acknowledge its insider information, that is why I worded it so.) he wants you to invest so you buy the IONs he is dumping so he can get whole from his XPY loses.
Beware of individuals such as this when investing in a platform. Not everyone has good intentions and sharky is a greedy one. If you buy IONs, you are just giving you're BTC to this individual. Please research before making and investment decision and never listen to individuals such as WildShark.
Im not saying don't buy ION, I'm just saying to do you own research and beware of individuals such as this.
This person paid to have influence on the platform and also get information sooner than other investors. (He refuses to acknowledge its insider information, that is why I worded it so.) he wants you to invest so you buy the IONs he is dumping so he can get whole from his XPY loses.
Beware of individuals such as this when investing in a platform. Not everyone has good intentions and sharky is a greedy one. If you buy IONs, you are just giving you're BTC to this individual. Please research before making and investment decision and never listen to individuals such as WildShark.
Im not saying don't buy ION, I'm just saying to do you own research and beware of individuals such as this.
Ladies and gentleman, here we have
This person
Beware of individuals
Im not saying don't buy ION, I'm just saying to do you own research and
Join the Ionomy today!!!
We are both saying the same things, you Shill and I promote!
You actually provide absolutely ZERO value except that of a comedic role.
please read above, I add more to the value with details
September 03, 2016, 01:54:10 PM
Thank you suchmoon, that's the nicest thing your have said about my ION promotional campaign effort!
That's true, I'm so nice, invest with confidence.
My ION promotional campaign effort here at Bitcoin Talk is in full swing. I now have the Bitcoin Talk gang shilling for ION and keeping the thread at the top of queue with them asking me to provide more ICO information from the ION, Bitcoin or Dollar addresses!!! I have promised many times that when the ICO data is released by the Ionomy Team, I have/would make it available here on Bitcoin Talk.
Wildshark - Post the ICO BTC addresses, please
In the meantime be a smart investor and do your homework, please inquire/ask your ICO, ION or Gaming questions on Ionomy Slack where the Ionomy community can assist with your ION investment questions. POS is the wave of the future...
True. If you really want answers, ask directly on slack and you'll probably will succeed
Join/visit the Ionomy today @ https://ionomy.slack.com/messages/general/details/No need. You personally guaranteed profit.
Do your homework and you will make a profit...
According to sharkie the ICO BTC has been converted to USD so there is no address to post.
I provided the address for the funds of the Bitcoin that was converted to dollars... Not all the IOC funds in Bitcoin were converted
September 03, 2016, 12:45:39 PM
WildShark, you keep ignoring this question that I have asked you at least 3 times:
How did you "ear " the whale status when everyone else "paid" to be a whale?
How did you "ear " the whale status when everyone else "paid" to be a whale?
September 03, 2016, 12:44:47 PM
Don't they have a bunch of ico money they can use to pay to have the vision come to life or is the collected ico a pension fund for them to slowly draw from as a weekly wage?
Yes, and this is what we have all been demanding transparency about. Where is the address? Where did the coins go? How many were raised? Show the proof wildshark, not your stupid ion blockchain genesis block.
This coin/project is nothing but a scam to rob people of their BTC so former XPY morons can feel whole again, that part is 100% clear at this point, at least to me, as I've just seen this over and over now.
Wildshark - Post the ICO BTC addresses, please, or just shut your "shilling campaign" down here, because you are clearly failing 100%.
Thanks
According to sharkie the ICO BTC has been converted to USD so there is no address to post. Quite convenient when you think of it. The best of two worlds, crypto and fiat - irreversible transactions and no public ledger.
If only Garza would have thought of this trick.
September 03, 2016, 11:54:40 AM
Don't they have a bunch of ico money they can use to pay to have the vision come to life or is the collected ico a pension fund for them to slowly draw from as a weekly wage?
Yes, and this is what we have all been demanding transparency about. Where is the address? Where did the coins go? How many were raised? Show the proof wildshark, not your stupid ion blockchain genesis block.
This coin/project is nothing but a scam to rob people of their BTC so former XPY morons can feel whole again, that part is 100% clear at this point, at least to me, as I've just seen this over and over now.
Wildshark - Post the ICO BTC addresses, please, or just shut your "shilling campaign" down here, because you are clearly failing 100%.
Thanks
According to sharkie the ICO BTC has been converted to USD so there is no address to post. Quite convenient when you think of it. The best of two worlds, crypto and fiat - irreversible transactions and no public ledger.
September 03, 2016, 11:26:20 AM
So Sharkie your recommending people ask questions on the ION slack that appears to have been chosen specifically so that data is not retained for any meaningful length of time because your scam shitcoin team doesnt want a repeat of what happened to GAW when their own words were used to prove the fraud?
And then the regulars on Slack piss and moan when the same questions are asked over and over again. Quite a comical situation. Just as funny as them demanding proof of my MN, yet they won't release any information.
September 03, 2016, 11:25:01 AM
Thank you suchmoon, that's the nicest thing your have said about my ION promotional campaign effort!
That's true, I'm so nice, invest with confidence.
My ION promotional campaign effort here at Bitcoin Talk is in full swing. I now have the Bitcoin Talk gang shilling for ION and keeping the thread at the top of queue with them asking me to provide more ICO information from the ION, Bitcoin or Dollar addresses!!! I have promised many times that when the ICO data is released by the Ionomy Team, I have/would make it available here on Bitcoin Talk.
Wildshark - Post the ICO BTC addresses, please
In the meantime be a smart investor and do your homework, please inquire/ask your ICO, ION or Gaming questions on Ionomy Slack where the Ionomy community can assist with your ION investment questions. POS is the wave of the future...
True. If you really want answers, ask directly on slack and you'll probably will succeed
Join/visit the Ionomy today @ https://ionomy.slack.com/messages/general/details/No need. You personally guaranteed profit.
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