[ANN] ION [ION] | POS 3.0 | Mobile Gaming | Join the ionomy today!

[CryptoBuds]

Thank you for your response. It is nice to see some addresses and be able to see what they are being used for. T appears right now they are stored in MN's, which is great, helps the network. Kinda curious as to what happens with the minted coins but I do think I remember Huey saying they were gonna be burned.

@CryptoBuds The Bounty coins are not in MNs and the minting of the coins will not be burned. The initial deposit into the wallet had to be exactly 20K to be a MN.

How did you determine these are in MNs? I believe 20k is correct per node and you have to have 20k in one transaction. Having 100k in a wallet says it's not a MN but just a standard staking wallet correct?

@Mr.Pelican you are correct in saying the Bounty coins are currently in a staking wallet earning stakes to offset inflation of the coin.

Those addresses appear to be getting half of the block reward. Masternodes receive half the block reward, no? If hey we're normal staking wallets wouldn't the reward vary and not be exactly half of he block reward?

If they are not in MNs why are they getting half the block reward then?

When a block is rewarded, the staking wallet gets 50% of the reward and the Masternodes gets 50% of the reward plus transaction fees for that block. That's why U are seeing 11.5 IONs when minting of the Bounty wallets.

So every staking address get 11.5 IONs every time there is a stake, correct?

only one of the wallets gets the block reward and one of the masternodes gets the reward plus transaction fees for that block.

Thanks for clarifying.

Could you address the coin inflation statement you made above? The team getting those stakes via the bounty addresses isn't addressing inflation. It's just putting those coins in the teams hands instead of the customers. The way I see it that is. There may be something I am missing. But if a coin is minted, that coin was produced.

I appreciate you taking the time to answer.

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[WildShark]

Is there a list of all Masternode addresses somewhere available?

yes the information is available in every ION wallet under the Masternodes menu item. Looking at my wallet, I currently see 131 masternodes online...

[CryptoBuds]

Is there a list of all Masternode addresses somewhere available?

yes the information is available in every ION wallet under the Masternodes menu item. Looking at my wallet, I currently see 131 masternodes online...

Is there a list available for people that don't have a wallet? I'd like to check a few out and see how they function and behave for a few days. Would like to get a better understanding of how the coin works.

[WildShark]

Is there a list of all Masternode addresses somewhere available?

yes the information is available in every ION wallet under the Masternodes menu item. Looking at my wallet, I currently see 131 masternodes online...

Is there a list available for people that don't have a wallet? I'd like to check a few out and see how they function and behave for a few days. Would like to get a better understanding of how the coin works.

The list of Masternodes are maintained by the ION Network and only available thru the ION QT wallets or remote calls to a wallet thru the wallet's API.

[suchmoon]

Proof of burn, already posted before;
https://chainz.cryptoid.info/xpy/#@inflation

Coins were used for network testing, was told will be recombined later but does not matter.
They dont reside with specific team members. Read up on the whitepaper, https://github.com/ionomy/ion/wiki/ION-Technical-Whitepaper

2.5 million IONs are reserved to pay bounties for coin development.

Thanks rdw, however:

As already mentioned above staking that wallet is just asinine. First of all, such amounts should be offline for safety. Second, they're robbing their own bagholders. Third, it makes the network more centralized and if their node goes down it would probably cause some lengthy block times until diff adjusts. We already had hours-long blocks when they moved 2 million coins. Nice people. Anyway, that's between the "team" and the bagholders so whatever.

But how about the remaining coins still not accounted for:

5 million IONs will be available through the Initial Coin Offering (ICO) in exchange for BTC and a wide selection of other cryptocurrencies.
3.4 million IONs are allocated to ionomy.com and shall be distributed as structured incentives to gamers through the gaming applications designed by ionomy.com.
2.5 million IONs are reserved to pay bounties for coin development. done

And the ICO bitcoins of course - where are those?

As for the XPY burn - they claimed to have collected 10 million XPY but only burned about half of it. AFAIK they haven't even published the addresses of the coins that haven't been burned yet.

Edit: There is nothing new in this info BTW, the dev bounty and the XPY partial burn were known months ago. If you asked recently and got these answers you're just being played. Although there is some weird movement from what was presumably the old dev bounty address but I don't know if that's even worth looking into:

https://chainz.cryptoid.info/ion/address.dws?ih4X5nhzYVi6Nd4tcGX1qvtC47dzdThZV8.htm

[CryptoBuds]

Yep, those wallets staking are just stealing coins from the customers that paid for their ION. The people that made it out of thin air are taking advantage of the people that paid good money for their coins. Not quite sure how this is seen as acceptable.

I would also like to know how the team staking those coins is controlling inflation? It seems like stealing more than inflation control. But what do I know...

[CryptoBuds]

Is there a list of all Masternode addresses somewhere available?

yes the information is available in every ION wallet under the Masternodes menu item. Looking at my wallet, I currently see 131 masternodes online...

Is there a list available for people that don't have a wallet? I'd like to check a few out and see how they function and behave for a few days. Would like to get a better understanding of how the coin works.

The list of Masternodes are maintained by the ION Network and only available thru the ION QT wallets or remote calls to a wallet thru the wallet's API.

Only through the wallet, not on the website correct? Can I download the QT from the ionomy.com site?

[suchmoon]

Yep, those wallets staking are just stealing coins from the customers that paid for their ION. The people that made it out of thin air are taking advantage of the people that paid good money for their coins. Not quite sure how this is seen as acceptable.

I would also like to know how the team staking those coins is controlling inflation? It seems like stealing more than inflation control. But what do I know...

Block reward is a fixed amount. Technically there should be no difference how many nodes are staking - the inflation should be the same. That doesn't mean they couldn't have messed it up somehow, genius developers and all.

Other coins that stake based on APY (e.g. Paycoin) would have variable inflation depending on how many coins are online. So if "inflation control" means "maximum inflation" then yes, they should put as many coins as possible online. This doesn't apply to ION however.

Only through the wallet, not on the website correct? Can I download the QT from the ionomy.com site?

Not quite, but it links to GH: https://ionomy.com/download

[CryptoBuds]

Hmmm...seems that the site is down or not functioning.

Edit: seems to be back.

[Phildo]

Is it possible that "earning stakes to offset inflation of the coin" is IONese for "creating more coins out of thin air so that people will turn 1 ion worth X into more than 1 ion worth X because there is no reason for the price to go up?"

[Franz_Huber]

Is it possible that "earning stakes to offset inflation of the coin" is IONese for "creating more coins out of thin air so that people will turn 1 ion worth X into more than 1 ion worth X because there is no reason for the price to go up?"

You just don't understand. The more coins the better. I'm sure some of these XPY / ION bagholders have millions of DOGE, too. Because they're smart.

[WildShark]

You just don't understand. The more coins the better. I'm sure some of these XPY / ION bagholders have millions of DOGE, too. Because they're smart.

The more coin minted (block reward) from Ionomy staking, wallet staking, masternode or CMN shares, the more profit I am making... especial with the price of ION increasing!!!!

I'm also mining with my GPU for ETH and making a small profit from that...

[suchmoon]

You just don't understand. The more coins the better. I'm sure some of these XPY / ION bagholders have millions of DOGE, too. Because they're smart.

The more coin minted (block reward) from Ionomy staking, wallet staking, masternode or CMN shares, the more profit I am making... especial with the price of ION increasing!!!!

I guess if you rotate this chart you might find a position where it points directly to the moon... but for us regular unedumacated folks it looks like it's flatlining:


Edited 2020-11-29 to fix a broken image

[CryptoBuds]

You just don't understand. The more coins the better. I'm sure some of these XPY / ION bagholders have millions of DOGE, too. Because they're smart.

The more coin minted (block reward) from Ionomy staking, wallet staking, masternode or CMN shares, the more profit I am making... especial with the price of ION increasing!!!!

I'm also mining with my GPU for ETH and making a small profit from that...

With all due respect, you only realize profit when you sell IONs. Until then no profit is had. Are you selling your stake rewards? Or are you saving and staking more.

This was an XPY fallacy. I haven't lost anything cause I haven't sold.

[WildShark]

You just don't understand. The more coins the better. I'm sure some of these XPY / ION bagholders have millions of DOGE, too. Because they're smart.

The more coin minted (block reward) from Ionomy staking, wallet staking, masternode or CMN shares, the more profit I am making... especial with the price of ION increasing!!!!

I guess if you rotate this chart you might find a position where it points directly to the moon... but for us regular unedumacated folks it looks like it's flatlining holding level and starting to increase:

I do my shopping/trading on the Ionomy exchange and the price is on the climb...

https://ionomy.slack.com/files/wild_i-o-n_shark/F215RDZL7/exchange_screen.jpg

[WildShark]

You just don't understand. The more coins the better. I'm sure some of these XPY / ION bagholders have millions of DOGE, too. Because they're smart.

The more coin minted (block reward) from Ionomy staking, wallet staking, masternode or CMN shares, the more profit I am making... especial with the price of ION increasing!!!!

I'm also mining with my GPU for ETH and making a small profit from that...

With all due respect, you only realize profit when you sell IONs. Until then no profit is had. Are you selling your stake rewards? Or are you saving and staking more.

This was an XPY fallacy. I haven't lost anything cause I haven't sold.

I've have made 3.5+K dollars since the start of ION... and still have the same amount of coins I initially started with...

[CryptoBuds]

So you do sell some to realize profit? This isn't a bad big at all, I would do the same. At least your not holding them hoping for the moon. Always need to realize profit in any investment.

[o0o0]

So you do sell some to realize profit? This isn't a bad big at all, I would do the same. At least your not holding them hoping for the moon. Always need to realize profit in any investment.

He'd be mad not to. You don't go shilling on about coins and encouraging buying coins for a masternode if you aren't selling.... whats the point in roping in more dopes if you aren't? I mean its a gaming coin without games so you can't market it to people like that... just buy coins to make more coins atm and while you're at it i'll sell some of mine to you cause im a generous whale and can afford to sell a few of these valuable coins... buy now and get a steak knife set!!!

[WildShark]

So you do sell some to realize profit? This isn't a bad big at all, I would do the same. At least your not holding them hoping for the moon. Always need to realize profit in any investment.

He'd be mad not to. You don't go shilling promoting on about coins and encouraging buying coins for a masternode if you aren't selling.... whats the point in roping in more dopes if you aren't? I mean its a gaming coin without games so you can't market it to people like that... just buy coins to make more coins atm and while you're at it i'll sell some of mine to you cause im a generous whale Shark and can afford to sell a few of these valuable coins... buy now and get a steak knife set!!!

[yoyoamigo]

game release yet? mid August yo. i guess i can wait till December or even 2017.