ION FAQQ: 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: The team did not provide any details.
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:
ih4X5nhzYVi6Nd4tcGX1qvtC47dzdThZV8. 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 has ionomy.com produced?
A: None.
Q: How many games does ionomy.com plan to produce?
A: One every month.
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.