ION is a digital currency created by a startup “Ionomy” for the gamers and gaming enthusiasts. Unlike the normally played online games, the gamers in Ion can earn the tokens and use it to do several types of purchases like goods, material, electronic, stakes, and much more similar. It is developer-friendly and allows facilities like beta-testing of new games, crowdfunding. New tools are still under development and the developers are informed about all upcoming tools in their newsletters.
Ion, the blockchain-based cryptocurrency, follows the policy of static rewards and is equivalent to the work contributed. This policy deters centralization and encourages better network collaboration. ION incentives are instantly processed and ensure total privacy and secrecy.
Ion adopted the Proof of Stake(PoS) system. PoS is more cost-efficient and based on low-energy, distributed computing network that ensures a secure decentralized blockchain. Ion relies on accrual of coins rather than the computing power as a root for rewards. The reward is fixed at 50% of the block reward. The fee for a transaction is fixed at 0.01ION and the generation time is 1 minute. It secured an initial funding of $1,25,000 through the initial crowdsale and built the ionomy.com platform while creating the new digital currency ion for the blockchain ecosystem.
Ion encourages the developers to sign up for the newsletters and get access to the latest tools and services. They can apply for funding and choose the revenue sharing percentage with the cryptocurrency. Developers can avail the beta-testing facility and do tests for security and debugs. ION also motivates development through bounty.
Ion wallets are compatible with all the desktop machines including Windows, Linux, Mac etc. There is minimum coin requirement for a wallet. Staking is highly based on two factors- the Ion quantity in the wallet i.e. the coin weight and 2. The duration it has been held. The main requirement to earn more is a high-speed internet connection to support the blockchain.
All the public transactions are validated by Masternodes within 4 seconds. The Masternodes also function as a security agent when private transactions are carried out and make the source route undetectable.
Ion adopts the PoS v3 incentive-oriented system that ensures faster confirmation of transactions in total privacy and security. There are a huge scope and plenty of opportunity for both developers and businesses. The tokens can be used to purchase both physical goods and digit
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