Topic: [ANN] ION [ION] | POS 3.0 | Mobile Gaming | Join the ionomy today! - page 472. (Read 473126 times)

I'm sorry that me calling you stupid for believing that garza sold you a $20 bill for $4 is going to push you all in to another idiotic investment via the same idiots that believed that.

Hopefully the other people around who actually know what the word reasonable mean know that it means figuring out what is actually going on and can see how little of a clue matlack has about anything and sit back and watch the world burn with us.

People wouldn't think he was a team member if an ACTUAL team member would show up and answer questions in a thread that THEY started. MrCoins is just about he only ION answering questions. The other 4 or so just get defensive when something bad is said about ION.

Maybe you can answer some questions then:

-What type of salary/pay schedule is the core team getting paid?
-What is the address(s) for the ICO funds?
-Is the business registered yet?
-The team stated they do not need to provide any information. Does the team only want the project to be for old XPY bag holders?
-Why did the ION team make a BCT thread, say they will answer questions when asked in the thread them tell people to go to slack for the answers?
-Why does the ION team feel that Slack is a proper platform for this type of communication?
-How is anyone supposed to make money when the "team" will control 84% of the Masternodes and newly minted coins? How is this different from XPY PCs and what Homero did with them?
-Are you going to be posting IOn addresses to ensure that the team isn't doing anything nefarious with the huge XPYesque premine?
-Why should anyone trust a team with a proven track record of failure, the unwillingness to provide any information all the while feeling the need to not use an escrow? And also won't provide the address for the ICO funds?

So what do you all know that everyone else doesn't that makes this a sound idea to you?

And you are very good in making false acusations. I know Mr-Coins to be a pretty big investor in ion. But never saw any proof of him being a team member. Maybe he's just good informed because he did his research before investing big in ion? Ever thought that this could be a possibility also? I guess not because your mind probably just isn't open for any possibility that this might not be a scam after all. I know the bigger investors are more informed and sometimes even have a voice in some decisions. That could be the reason why he knows a lot about ion. At least a lot more than I do. But i'm just a really small fish in this big pound.

You are just doing the same as you're acusing ion of. (And in which I agree with you) Which is saying things without actual proof. Please show some real undeniable information which shows thar Mr-Coins is a team member and I am with you.
Untill that time it's nothing more than a lot of yabada yabada to me.

No I did not do as much, I was brought to GAW by others who were already invested by many months, so I made mistakes in my research by not doing it myself.

Did you perform the same such calculations with GAW and xpy? Just curious. Because a lot of people were on the hashtalk forums and the google chats talking with them as well to get information... its only as good as the people giving it to you want it to be....

FUCK SLACK!!! Anyone who thinks Slack is the proper medium for this especially when this much money is involved are complete fucking idiots. Being that this was old XPY team it makes complete sense.

How bout you fucking idiots get a forum so all this info is front and center?? Don't make a fucking forum post and make people sign up for a private channel to get the information.

Watching this pure ignorance and stupidity unfold is starting to get frustrating. I've never seen a higher display of ignorance in my entire life.

By the way you should take it as people attacking you here, I don't think anyone has done that. Everyone is very over zealous to make sure doesn't happen again.

Accusing me of being a "team member" is one of the reasons why i've decided to keep all my research to myself. I've put all the time in (you wouldn't believe how many hours), i've been a pain in the ass probably to the ION team, why should I share it with people who just offend/accuse/name call. Do your own research, put the time in to find out, come to your own conclusions.

As previously stated, I do my homework. If you'd spent as much time in Slack as I have then you'd know as much as me.

Put the time in (on Slack) or ask the ION Team directly everything you need to know, like I did.

You are making a lot of assumptions. I didn't say whether I did/or did not come to the same answers or conclusions as yourself.

Holy crap you did calculations similar to mine which show a shat load of risk and i really tried to think of pro bonuses for it but there was no information that is publicly available that allowed this.

Its honestly got no risk to the ionomy team other than it crashes and burns and they do some other company.. there is no real financial loss for them with that premine... its insane... With the lack of information there is going to be a lot of people that lose money again. scam or not money is going to move from the customers buying not to come back their way without other people losing and the ion team is going to have it diverted to them.

It is very obvious you are a team member. You seem to have knowledge about everything going on with this coin.

I only have public information, I am not part of TeamION (or whatever the name of the group are referred). My attempts to help out with questions just get me called more names/accusations/scammer etc etc. So, anything you need to know, you'll have to ask TeamION or hang out in Slack and find out for yourself.

Much of this has been discussed in Slack and so i've performed very similar calculations to yourself, as would anyone who was considering to invest.

As previously stated, I am no longer sharing any of my findings. I can't get beyond the constant name calling so i'll leave each to do their own research and of course come to their own conclusions.

Never invest in anything that doesn't feel safe or is outside of your comfort zone. Only invest what you can afford to lose - not a penny more. All crypto projects are EXTREMELY high risk. If in doubt, step back and wait a few months and review if need be, or just move on.

suchmoon, you are correct, I have performed a lot of research as I always do. It doesn't always eliminate risk, but you can only do your best.

As I can't seem to get beyond the cries of GAW/scam/shill etc etc i've decided to pull out of any conversation that could be considered as investment advice. So, i'll just keep whatever I find to myself and let the ION team answer whatever questions they want, as and when.

Never invest in anything that doesn't feel safe or is outside of your comfort zone. Only invest what you can afford to lose - not a penny more. All crypto projects are EXTREMELY high risk. If in doubt, step back and wait a few months and review if need be, or just move on.

Is this still going on? It's getting more ridiculous by the second.

Lets play stats since i like to number crunch a little to help me decide things.

Lets start with some knowns that were stated in announcement and whitepaper

BTC price @ $450
$1.00 in satoshi is 0.00222222
0.20c in satoshi is 0.00044444
0.10c in satoshi is 0.00022222

Ion

Blocks (1440 per day)
- 1 min blocks (60 blocks an hour)
- 1440 blocks per day (24 x 60)

Masternodes
- 50% of block reward
- 1st year is 11.5 per block
- a masternode costs 20,000 ion which is locked whilst in masternode.

Rewards per block
- year 1 --> 23 per block (really 11.5 as 11.5 goes to masternode owner)
- year 2 --> 17 per block (really 8.5 as 8.5 goes to masternode owner)

Premine (10.9 million all up)
- 3.4 million to incentives and give aways
- 2.5 million to bounties and coin development
- 5.0 million to ico customers

Prices
- ico price starting 20c going to 25c
- xpy swap equiv 8:1 around 8c

NOW for the unknown questions
--------------------
- since they are their escrow and haven't detailed how funds are released who is paid and paid what and how often. For all we know the could be their own devs paying themselves "until a decent one is found or whatever". They could pay themselves x to do the clone and change or pay a coin server to make it for a low price x and pay themselves a management fee or whatever.

- Funds haven't been deemed to be in a locked state not used for any other purpose in the meantime so we have to assume that they "can" be.

Ok lets get cracking.....

total premine - estimated deducted
10.9m - 1.25m (xpy swap) - 1.5m (potential sold due to $300,000 figure mentioned @ 20c)
= 8,150,000 ion coins sitting around

lets turn this all into masternodes (to secure the network of course)
8,150,000 / 20,000
= 407.5 masternodes... so lets round this down to 400 masternodes for a nice round calculation remember we are dealing with unknown potentials so lets keep it rough.

OK now lets see what the masternodes make per day. If 1 masternode secured all the transactions then
day value = 1440 blocks * 50% block reward
= 1440 * 11.5
= 16,560 ion generated.

Now the only competing masternodes ARE those that ico bought not xpy swapped (these are locked in 6,9,12 stakers and i'm sure they aren't removable as why would you let customers compete with your sales?).

So customer masternodes assuming 1 person purchased ALL ico (remember being rough so we can get max masternodes customers could have)
1,500,000 / 20,000
= 75

So all up we have 400 company nodes and 75 customer nodes..
company percent = 400 / 475 * 100 = 84.21% approx.. lets round this down to 84%
customer percent = 75 / 475 * 100 = 15.78% approx... lets round this up to 16% so we get a nice 100% combined.

so... 16,500 ion a day in masternodes
company = 16500 * 0.84 = 13,860 (or another masternode every 2 days to increase their percent)
customer = 16500 * 0.16 = 2640 (or a masternode every 8 days to increase their percent comapny is faster)

OK apologies for the length but we are getting there...
- Nobody sells for less than they buy unless its out of fear which is usually after time to transfer assets if unhappy or drops in price in panic
- stakers are all locked in so they have to wait
- most want to stake to return price and make profit
- only those that don't pay for their coins will sell at any price (company)
- company could masternode profit with the capital before use.

So in 9 months there is restricted market competition as long as someone with free coins sold less than those with paid.
Ignore the 8c xpy conversion ones as those are locked... therefore the minimum fear sell value is 20c (or less again if you have free)

Lets assume 20c a coin it stays at max and 5c at min.
If all masternode coins were sold at a point or over time you'd make (ignoring coins made from daily node rewards)
@ 20c --> 8,150,000 * 0.20 = $1,630,000
@ 5c --> 8,150,000 * 0.05 = $407,500

Node profits "per day" if they don't sell any masternodes ... from before
company - 13,860 * 0.20 = $2772 max (6.16btc) and 13,860 * 0.05 = $693 min
customer - 2,640 * 0.20 = $528 max and 2640 * 0.05 = $132 min

therefore you can make in 9 months (270 days)
$2772 * 270 = $748,440 with no real competition then sell masternodes back OR you can make some more nodes sell some as cash.

to buy a masternode is 20,000 x $0.20 or $4000 ... days to break even on it are crazy if you are competing with the above and have 1.. your percent decreases each day as the highers earn more and more to create more masternodes.

Remember only 3 peoples names are on whitepaper.. does that mean the above is split between 3? Who knows there is no full list of the staff and what each does... we only know Richard Nelson = Support Director. Adam Matlack - white paper writer... no other declared role but has involvement.

Closing remarks
-------------------
Does everyone now see how important transparency is? Simple things like tracking addresses and keeping people honest and doing calcs for some due dilligence show you how potentially bad your investment could be. Don't take this as investment advice do the figures yourself and make your mind up but personally with comments like
- we can't trust third parties to hold coins they could run
- refusing to provide info and respond to questions

Can lead to the above scenario of pain. The only people with nothing to lose are those with free premines. Those who spend have to at least make what they buy for with price.

You might say BUT BUT BUT the coin will go up. Well thats great but remember
- preminers have more coins than you to exhaust so can reduce that price.
- pumps can happen by others but again they can sell.

There so data... take it to bits look at it contest it etc.

@MrCoins i assume you did the above and can explain why in your opinion and case it seemed to you to be worth risking with little to no info other than whitepaper.
Be aware this is public info on their site and this topic 1st post so anything others know that isn't available to all buyers i guess is inside information and maybe insider trading?

Comments thoughts etc? Sorry for the long ass post but had to put it all together... this gives people a point to look at AND DEMAND addresses premine burn etc are all public. Garza's stand was we aren't giving it to people just because they don't believe us... those that agreed were fooled once.. time to not be fooled again.

dont forget premine they can use for uncontested control of masternode percent. a free premine for free masternodes for more free block rewards.

the ipo ion in stakers is frozen leaving them uncontested to sell.

users buy at price say 15c and wont want to sell at loss. meanwhile their free masternode rewards can be sold lower making people think ooo cheap coins. they sell it all the way down till its unviable like xpy.... and btc (for bitpop).

$300k in ico sales plus more in market sales. unknown team size lets say 5. at 600k thats 100k each for cloning a source sell some unreg securities. pretty easy money. then project 3 comes to save the ion people with useless ion. its like milking cows daily.

$4600.00 for a masternode?

You're literally charging us to help you...better change that strategy a bit before you get any btc from anyone with half a brain...

Because that worked out so well for XPY Hashstakers back in the day, didn't it? All those bagholders claiming "I haven't lost anything if I haven't sold it" but the exchange rate still tumbled down. You can only defy gravity for so long.

1.25 million in stakers won't make a difference compared to the 12 million new coins that will be minted in the first 12 months, 9 million in the next 12 months, etc. Is there going to be enough demand to absorb this inflation? Whoever can honestly answer that question gets to keep their shirt on.

Also the IONs that were bought with XPY were put into stakers that have a life of 6, 9, and 12 months.  This alone will prevent immediate dumping for those that exchanged. 

Good analysis. I disagree about the XPY valuation. The price of XPY crashed to the 1800-2000 sat level only after they shut down the XPY purchasing. That was nail in the coffin for XPY. But before that it was mostly above 5000 sats. At the time BTC was probably worth closer to $420, so it would have been about 2.1 cents/XPY. That would make the lowest purchase price about 16 cents per ION. But who knows, there were probably a lot of people who paid a lot more for the XPY than two cents. Some of them probably bought in at $4 or more, so I wouldn't expect 1.25 million dumped on the open market.