FAQs

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 add my existing Masternode?
If you want to track your already existing Masternode, which held on any other server, you just need to set its wallet address (public key) in your account on AllNodes.

How to create and set ION wallet?

  • Download and install the wallet from the official website: https://ionomy.com/download
  • Open your ION wallet and go to “Receive” tab

  • Set any label in the text field (ex. Masternode 1) and amount 20 000 ION
  • Click on “Request payment”

  • On the next window click “Copy Address”

  • Go to “Send” tab and send exactly 20 000 ION to your just created address

How to create new ION Masternode?

  1. After confirmation of transaction in blockchain you just need to go to your account on AllNodes, click the “Launch Masternode” button, set the wallet address (public key), where you have 20 000 ION and the system will be able to recognize your transaction. If the system can’t recognize your transaction it may happens, because you still don’t get confirmation in blockchain. Usually it takes a few minutes, so you just need to wait for some time.

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.

  1. 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.

  2. 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?
    The average revenue from each ION Masternode is about 420 ION/month. Payments for ION Masternode are usually expected every 1-2 days on your wallet address.

    How much does it cost?
    All the AllNodes services are completely free till the end of the Open Beta and $5/month after that as a promo until you cancel your Masternode. You can always find the current cost of the services on the Pricing page.