THELOGICALINDIAN - IONOMY a gaming and blockchain cryptocurrency startup appear on April 4 its new gaming advance and agenda bill belvedere Ionomycom With the barrage of their antecedent bread IONthe platformintends to accept their absolute operation 100powered bycryptocurrency
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IONOMY: Blockchain-Based Gaming
The point of a blockchain-based gaming belvedere is to beforehand the compassionate of cryptocurrencies, and how they can account people. By accomplishing this, the Ionomy aggregation hopes that their gaming belvedere will boost cryptocurrency acceptance by giving bodies a acumen to use it via its ION token. They accept their revenues from the pla
tform will accommodate acceptable budgetary abutment to abide its development.
The Ionomy aggregation affairs to get bodies initially absorbed in their articles by alms a budgetary allurement to appoint in their products. In accession to absolution adaptable amateur on their platform, they additionally plan to absolution a trading and earning arrangement that they alarm “Stakers.” Stakers acts analogously to Certificates of Deposits (CDs) in that they are time-limited and accommodate anchored amount of allotment during those time periods. The amount of acknowledgment begins at 10% and can briefly allow investors above ante of return, sometimes alike activity above 100%, through belvedere incentives.
Ionomy founder, Mark Gravina, said about the Stakers product:
By leveraging aggregation backing and pooling user deposited ION into Stakers, the aggregation can action users college than bounded wallet staking allotment by finer creating a ample masternode and staking pool. A acceptable cryptocurrency wallet or QT wallet will be offered on barrage as able-bodied in adjustment to acquiesce users who adopt to administer their own wallets the advantage to do so.
In November, 2015, the Ionomy aggregation aloft over $125,000 USD in adventure basic from their antecedent crowdsale. With this antecedent allotment they congenital their basal Ionomy.com and their blockchain-based coin. Additionally, they additionally accept announced an ICO for ION, from which they are planning to accession addition $500,000 to armamentarium the abutting date of development for their platform. This includes new adaptable bold releases, deployment of the trading and earning arrangement (Stakers), and deployment and abutment of the amount blockchain cryptocurrency.
Ionomy launched the ICO on April 4, 2016 and has already awash over bisected of the antecedent 5 actor ION that accept been offered at a starting amount of $0.20/ION. The amount of ION is on a ascent scale, increasing in increments of $0.01 account until the cessation on May 16, 2016.
Gravina believes that the accepted proof-of-work archetypal is broken, and that it about has resulted in a bearings area mining has become a zero-sum game. Thus, ION is congenital aloft the latest proof-of-stake 3.0 technology, based on Blackcoin’s amount and adds masternodes agnate to Dash.
The Ionomy aggregation additionally thinks by starting semi-centralized –with ION’s amount actuality initially bound to their website ionomy.com, adaptable games, and amusing activities, followed by development accoutrement and crowdfunding –they believe they’re giving their bread a solid ballast afore actuality adopted outward.
“The bread is accessible source, but Ionomy is allotment development through bounties and incentives,” Ionomy’s Adam Matlack added. “A ample allocation of ICO funds are set abreast aloof for development of ION itself.”
Gaming: a Frontier in Bitcoin Adoption
All monies are abased on what it can buy, and Bitcoin is no exception. The abnormality whereby a acceptable or account becomes added admired back added bodies use it is added formally accepted as the network effect. Currencies tend to get their antecedent amount from the aegis of the issuer or the government that issues it. Obviously, Bitcoin lacks that perceived aegis of government abetment because it has no distinct point of issuance, accordingly it needs to differentiate itself some added way.
Outside of Bitcoin’s inherent advantages, such as lower transaction fees and quicker transaction speeds, one way Bitcoin can differentiate itself is apparent acceptance through assertive niche markets. The gaming industry seems to be a accustomed home for Bitcoin due to its absolutely agenda attributes and its foundation in computer science. In fact, there has been a recent trend of amalgam Bitcoin into online amateur by advantageous gamers with Bitcoin as a way to acquaint them to the coin.
Ionomy is artlessly a modification of that trend that extends the abstraction to an absolute gaming platform. Furthermore, and possibly best importantly, the best accepted PC gaming arrangement and marketplace, Steam, afresh announced that it will be accepting payments in bitcoin. This may end up actuality a advance moment for Bitcoin as Steam has a huge user-base, with 125 actor registered users, and According to Gamespot, Steam hit a almanac aerial cardinal of circumstantial users at the end of October 2015, with 12.5 million.
What do you anticipate of Ionomy and its coin, ION? Will it be acknowledged and will it absolutely acquaint added bodies to Bitcoin?
Sources: Press Release, ionomy.com
Images address of Bitcoin.com, blogchain.info, and geeky-gadgets.com.
