Post
Topic
Board Announcements (Altcoins)
Re: [ANN] ION [ION] | ICO LIVE | PoS 3.0 | Mobile Gaming | Join the ionomy today!
by
Bige086
on 22/04/2016, 01:43:01 UTC
@icocountdown.com
You should get your fact right if you want a successful website, you have several errors in this post:

Quote

Matlack was an investor that lost money with XPY and tried to redeem it with XPY.IO.

Your bitcoin magazine reference actually stated that Matlack was at odds with Garza and declared its independence from GAW.  Also no evidence of Matlack scamming anyone.

Your second reference doesn't mention Matlack at all.

Your third is a forum in which they call Matlack a scammer but also provide no evidence.

Basically your references prove that Paycoin was a scam, most already know this.  You show no evidence as to how Matlack was a part of the scam.

Quote
Clearly cloned software from Darkcoin(DASH) (they marked Eduffield developer of DASH and masternodes in the whitepaper.) If there is any software at all.

Reference: https://github.com/ionomy/ion/wiki/ION-Technical-Whitepaper

Actually it uses Blackcoin (POS 3.0) with Dash Masternodes incorporated. 

 
Quote
Shocking similarities between paycoin and this coin including

Huge pre-mine (5.9 Million out of 10.9 million supply) — Giving control of highest paying masternodes to them in the network.

Reference: https://www.reddit.com/r/Bitcoin/comments/2r4gck/gaw_miners_liars_frauds_a_brief_recap_of_what_we/

Reference: https://github.com/ionomy/ion/wiki/ION-Technical-Whitepaper

Masternodes = Prime Controllers.(In this case anyway).
Reference: http://coinjournal.net/former-paycoin-developer-joe-mordica-speaks-about-gaws-power-bill-and-prime-controller-issue/

The premine is laid out in detail here and is not as you describe: https://github.com/ionomy/ion/wiki/ION-Technical-Whitepaper#coin-overview

•  Initial coin supply: 10,900,000 IONs
•   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.

Paycoin had a dynamic percent return which could be changed at any time and had compounding returns. 

Ion will have a static return which is described here: https://github.com/ionomy/ion/wiki/ION-Technical-Whitepaper#staking-wallets
And here: https://github.com/ionomy/ion/wiki/ION-Technical-Whitepaper#masternodes

Maternodes won’t have a compound interest rate as it will have to remain a 20,000 block to remain a Masternode.