Re: [ANN] ION [ION] | ICO LIVE | PoS 3.0 | Mobile Gaming

Creds to ion-team for digging those up;

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Thanks! Could you refresh my memory on what the dev coins are used for? For example, is there a dev per address? Or do certain positions on the team hold more addresses? Or are these the coins for development bounties?

I am aware that the coins use to be in a single wallet and were broken down into these smaller wallets to increase the speed of the network.

The available Bounties can be viewed in github at https://github.com/ionomy/ion/wiki/Available-Bounties

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.

This is a good start. Another thing I'd look for is the ICO funds address to ensure the BTC is being used properly. And would settle the he said she said of the ICO amount. (I admit, my number was more than likely wrong. But we should never trust random internet people. We've sure learned our lessons now haven't we?).

And quite frankly, a central forum where all of this stuff could be saved would do the project wonders. I saw on slack yesterday where someone was telling people to delete their uploads and what no so here was space to upload the addresses. That right there makes the project look a little amateurish.

I said I'd start to back off once some things were presented. I will hold hat true. There is still more I'd want to see if I were to become an investor. But I'm glad to actually see some transparency come to life.

I agree on it being good its posted however i do disagree its good they are in masternodes. The dev balance is a premine of sort so it puts the masternodes amount in favor of the dev since the coins are made out of thin air. For the community contributing this gives the devs and coin creators an unfair biased advantaged in masternode stakes. If you look at thier page for bounties you will find that for big tasks of web wallets etc they award 5000 ion. This is very small for the ask in the grand scheme of their masternode reward generation.

I predicted they would put their dev funds into masternodes in my previous post and i think its a bad practice. They are taking free funds and putting their community at a disadvantage.

I'd like to see a similar list for the distributed ico to demonstrate that those actual funds were paid to generate the coins.

Its a good start so i'll give them kudos for it but in my opinion there is still nothing to show for the gathered funds.

These being in MNs is basically stealing, no? They are taking stake rewards away from the smaller folks who are staking coins they paid for. I worried about this as well. The coins these MNs stake should go to the people. By have all the MNs online it makes it tougher for the regular people to earn stakes. It raises the difficulty in staking a block.

I'm happy they are posting addresses as well, but not happy with the way they are used. Even if they burn the stakes they are still keeping he smaller guys from earning more stakes.

WildShark or rdwilde, what is the purpose of all these bounty coins being in MNs? Those coins were meant for bounties, not for MNs to create more coins for the team.