What is ION?
ION is a blockchain based decentralized cryptocurrency that rewards network participation via static Proof-of-Stake. ION rewards "connectivity age" instead of “coin age,” thus eliminating abuse from exchanges and users that do not actively contribute to the network. By having a static reward system, the rewards for participation are proportional to the work every active node contributes. This discourages centralization and promotes network health. In addition to static rewards, ION implements a masternode network to incentivize large holders, and perform advanced functions such as near instant and private transactions.
How to create new ION Masternode?
IMPORTANT: 20 000 ION have to be sent as only one transaction. It doesn’t work if you send a few transactions of some amount of ION which are 20 000 ION in total. The amount of money, which is more than 20 000 ION is not acceptable as well. Transaction have to be exactly 20 000 ION.
After setting the public key in your AllNodes account you will see the special configuration string for your masternode.conf file. You can find this file in wallet’s root directory and open it with any basic text editor. This file may already contain # as the first item in the line. These lines are comments and can be left in the file. In the empty line below you have to paste special configuration string, which you got from AllNodes.
Then you need to save the masternode.conf file, restart your ION wallet and wait for complete synchronization with the network. After that go to Masternodes tab and choose “Start alias” option. That’s all, your Masternode is ready. You will see all the information on AllNodes in about 1 hour.How much will I earn?