Re: [ANN] ION [ION] | POS 3.0 | Mobile Gaming | Join the ionomy today!
... Fast forward to today, the last update from a few days ago wildshark missed a key element
... This is a powerful suite of tools for a developer ...
... 2019 is gonna be a good year
This key element does not concern the ionomy investor... When does an ION investor care about setting up a game tournament for users to bloat ION blockchain with "worthless game tokens"
(I don't include Atom & OffroadHeat tokens in this category)I've been trying my best to push out information about ionomy's 2019 business plan but it very hard to advertise the information without the help from korvas and the ionomy cult. All the information is hidden from public in the ionomy chat channels. It would be nice if answers to the questions generated from the Wild's Depot team were answered:
Some members of Wild's Depot research and development team did a post community live update presentation hot wash up. I was able to create a list of discussion comments and questions from the discussion:
What did you think of the update?
I watched it. Load of fluff in my opinion (you may think differently).
P1) I dont understand who these hangouts are pitched at. Is it investors only? Is it casual gamers who might be using ionomy products? It doesnt seem to fully suit either audience. For real investors, theres not much meat there. Theres a lot of vague user numbers have grown but theres no evidence to back that up. How many did they grow by? What are the game usage stats like? What is the revenue like?
P2) Theres a lot of buzzword bingo, and speculation. South Korea. Whatever. You havent captured a user base in the west, and yet youre already stretching yourself too thin.
What do you think? They also seem to be aiming to get a lot out in this quarter - theyre not the best at hitting development targets, so forgive my cynicism.
P3) Dark Matter is being implemented on ION block chain before Atoms. It was promised that Atoms are Next to be implimented. Since the implementation of the ionomy V3 platform, The Atoms do nothing in the ion ecosystem,
P4) There is going to be an ION FORK sometime in Feburary 2019. The Fork is still not scheduled. The wallet being released was not identified nor was a release date of wallet released.
P5) ionomy isn't very sucessful in advertising their own prodect and now want to use twich to to advertise other game tournaments. Thnk big and set up ionomy internet radio station and pay the station manager in IONs to pump out ionomy advertisement and events to the internet community.
P6) ionomy now requiring IONs for payment of ionomy platform services. Change in TOS is coming. This is good first step in putting more value into the ION coin.
P7) Which ION Core team IIPs are in this wallet release? What type of fork will this be for the ION wallet owners?
To point 5: an internet radio station would probably be a dumb idea, the costs of acquiring licenses for music/rights and staff, infrastructure and other costs would be be far beyond even the car sponsorships. In the current music streaming era it would also be extremely hard to gain any traction at all with a simple internet radio channel in terms of listener numbers. But I understand that youre not a marketer, so thats fine, and I agree that they do need to do something - anything - differently. They mentioned that theyve hired a full time marketer, but didnt talk about his/her experience/why they hired them. And I think I know who it is anyway from watching their twitter posts. If Im right, its not a person who has the type of experience a project like this would need.
To point 6: not sure itll add more value unless the platform gets more users. The problem isnt that theres not mechanisms in place to prop up the price, the problem is lack of scale. There simply isnt the user numbers to have an effect right now, and without good marketing/much better product, that isnt going to turn around anytime soon.
Its also interesting that Matlack said, bluntly, that he doesnt care about the price, he cares about the network. This backs up my previous thoughts that they view ions and the ion network as a means to an end and not an investment. The team dont care if its $0.20 or $20 now - its done its bit and its primary utility isnt as an investment vehicle now, its as an infrastructural foundation for the platform.
If I were in a whales position now, Id be extremely concerned about the direction Matlack is taking this in. I dont know if they share revenue numbers with the whales/bigger investors, but your primary focus should be getting some idea of how much funding they have left, what their burn rate through that is, how much revenue theyre generating, and when they expect to be profitable. You could then consider negotiating some sort of equity deal as a large Ion holder, or selling out if their revenue figures arent strong enough. This project is nearly three years in, and there should be more transparency around their figures by now. In a regulated environment theyd have been required to have posted accounts already. At the moment, you stand a significant risk of being sold down the river if the company ends up being profitable down the line (I dont think its likely to, but thats just my opinion), because it sounds like theyre not interested in Ion token value at all. If thats the case youve essentially handed over wads of cash for them to use to shore themselves up financially with no tangible way of seeing a return on that unless ions get pumped in a wildly speculative market again.(edited)
XDM wont do anything to help. The era of crazy "worthless token" sales is long gone, and the public at large dont care about hyper deflationary currency anyway - the concept is so far removed from what most people engage with that to assume itll gain traction outside of a tiny niche is absurd. Itll be traded amongst the existing ion community and no further, in my opinion.
What did you think of the update?
I watched it. Load of fluff in my opinion (you may think differently).
P1) I dont understand who these hangouts are pitched at. Is it investors only? Is it casual gamers who might be using ionomy products? It doesnt seem to fully suit either audience. For real investors, theres not much meat there. Theres a lot of vague user numbers have grown but theres no evidence to back that up. How many did they grow by? What are the game usage stats like? What is the revenue like?
P2) Theres a lot of buzzword bingo, and speculation. South Korea. Whatever. You havent captured a user base in the west, and yet youre already stretching yourself too thin.
What do you think? They also seem to be aiming to get a lot out in this quarter - theyre not the best at hitting development targets, so forgive my cynicism.
P3) Dark Matter is being implemented on ION block chain before Atoms. It was promised that Atoms are Next to be implimented. Since the implementation of the ionomy V3 platform, The Atoms do nothing in the ion ecosystem,
P4) There is going to be an ION FORK sometime in Feburary 2019. The Fork is still not scheduled. The wallet being released was not identified nor was a release date of wallet released.
P5) ionomy isn't very sucessful in advertising their own prodect and now want to use twich to to advertise other game tournaments. Thnk big and set up ionomy internet radio station and pay the station manager in IONs to pump out ionomy advertisement and events to the internet community.
P6) ionomy now requiring IONs for payment of ionomy platform services. Change in TOS is coming. This is good first step in putting more value into the ION coin.
P7) Which ION Core team IIPs are in this wallet release? What type of fork will this be for the ION wallet owners?
To point 5: an internet radio station would probably be a dumb idea, the costs of acquiring licenses for music/rights and staff, infrastructure and other costs would be be far beyond even the car sponsorships. In the current music streaming era it would also be extremely hard to gain any traction at all with a simple internet radio channel in terms of listener numbers. But I understand that youre not a marketer, so thats fine, and I agree that they do need to do something - anything - differently. They mentioned that theyve hired a full time marketer, but didnt talk about his/her experience/why they hired them. And I think I know who it is anyway from watching their twitter posts. If Im right, its not a person who has the type of experience a project like this would need.
To point 6: not sure itll add more value unless the platform gets more users. The problem isnt that theres not mechanisms in place to prop up the price, the problem is lack of scale. There simply isnt the user numbers to have an effect right now, and without good marketing/much better product, that isnt going to turn around anytime soon.
Its also interesting that Matlack said, bluntly, that he doesnt care about the price, he cares about the network. This backs up my previous thoughts that they view ions and the ion network as a means to an end and not an investment. The team dont care if its $0.20 or $20 now - its done its bit and its primary utility isnt as an investment vehicle now, its as an infrastructural foundation for the platform.
If I were in a whales position now, Id be extremely concerned about the direction Matlack is taking this in. I dont know if they share revenue numbers with the whales/bigger investors, but your primary focus should be getting some idea of how much funding they have left, what their burn rate through that is, how much revenue theyre generating, and when they expect to be profitable. You could then consider negotiating some sort of equity deal as a large Ion holder, or selling out if their revenue figures arent strong enough. This project is nearly three years in, and there should be more transparency around their figures by now. In a regulated environment theyd have been required to have posted accounts already. At the moment, you stand a significant risk of being sold down the river if the company ends up being profitable down the line (I dont think its likely to, but thats just my opinion), because it sounds like theyre not interested in Ion token value at all. If thats the case youve essentially handed over wads of cash for them to use to shore themselves up financially with no tangible way of seeing a return on that unless ions get pumped in a wildly speculative market again.(edited)
XDM wont do anything to help. The era of crazy "worthless token" sales is long gone, and the public at large dont care about hyper deflationary currency anyway - the concept is so far removed from what most people engage with that to assume itll gain traction outside of a tiny niche is absurd. Itll be traded amongst the existing ion community and no further, in my opinion.