How this is related to XPY?
Best regards.
XPY is being officially exchanged to ION at an 8:1 ratio. ION is developed by the same group of people who promised to develop XPY and failed. ION is a pre-mined shitcoin just like XPY. Is that good enough for you?
This isn't entirely accurate.
1) There was a swap offer for XPY.io holders to exchange their XPY to ION. It was optional. XPY still exists (and may be further developed by the XPY devs). Some kept their XPY. Most XPY.io users swapped their XPY. The offer was for users of the platform.
2) XPY.io did not fail as a platform because it was a bad platform. It was other factors including broken XPY coin code (not developed by XPY.io), XPY history permanently tainted from Garza scam, and the likes. XPY as a coin was dead. As a platform, XPY.io has been successful. Never hacked, never lost coins, hundreds of active users etc.
3) ION is not developed by the same developers that developed XPY/PayCoin. ION is developed by the developers of XPY.io, the platform. Don't confuse the developers of XPY (the coin) and XPY.io (the platform), they are completely separate groups of people.
It would be false to say ION is XPY re-launched.
1) It looks like you're saying the same thing. XPY is (or was) indeed exchanged to ION at an 8:1 rate. Which part of my statement are you saying "isn't entirely accurate"?
2) And it took them a year+ to realize that? In what way is that not a failure?
3) +1 for mental gymnastics but that doesn't change anything. People who worked on a failed coin or platform or whatever you want to call it for a year without realizing that it's doomed can't be trusted by default. Let them develop their ionomy using a bank loan and then sell shares in a totally legit functioning uber-innovative business. How's that for an idea? VC sharks should be queuing up outside Matlack's door as we speak.
Oh that's right. Crypto is different. Because building a proper business is too much hassle.