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

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

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

Thanks rdw, however:

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

I agree, asked ceforce, he said it was whole top 70 or so rich wallets. I dunno what address is related to what amount.
And the ICO bitcoins of course - where are those?

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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.

10 mil? Can you explain?

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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

Yes the burn was after ico and was published elsewhere too. I did not ask the question, just looked for the chart. Can you eleborate on dev bounty, should this be burned and yeah, sounds like worth looking into. Even only to confirm or deny what is suggested here

The ion team took 10 million XPY (paycoin) in the trade phase of ico at an 8:1 xpy to ion rate to help out the ion people. They however have from memory not burnt it all when it was part of their pledge on the xpy taking. People are concerned that the xpy became market fodder for more bitcoin and not burned as stated they would be. This is a valid concern as it speaks to the teams honesty, transparency and legitimacy of the project.