IonChain

IonChain

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Last Update

Jul 2, 2018

A High-Capacity IonChain Transactional System
We’re reinventing the blockchain without sacrificing decentralization or security. Meet our innovative double-layered blockchain - ION CHAIN
public sale
Jul 4, 2018
Jul 11, 2018
100% completed
Raised funds - no Data
1.1 K
Goal 800 000.00 USD
Cap 800 000.00 USD
past
  • 1 IONC
    =
    0.004 USD
Private sale
Jun 6, 2018
Jun 13, 2018
100% completed
$1 200 000
1.1 K
cap
goal
100% cap completed
Goal 1 200 000.00 USD
Cap 1 200 000.00 USD
past
  • 1 IONC
    =
    0.0033 USD
Token Details
Ticker
IONC
Accepted Currencies
ETH
Company Details
Registered Country
Finland
Additional Details
MVP/Prototype
Yes
Platform
Ethereum
Whitelist
Yes , from Jun 26, 2018 till Jul 4, 2018
KYC
Yes
Categories
Platform

About IonChain

Blockchain has advanced since its inception, from the first generation which Bitcoin created, to the
second generation which included Ethereum and their smart contracts, allowing blockchain to
perform cash like transaction and financial instruments such as bonds and loans. Currently Ethereum
has a value of $65 billion. Currently, the blockchain technology has moved to ‘proof of stake’ which
is a step up from other currently ran but longer held technologies which run ‘proof of work’. A
benefit to the new system is that there is less hash power needed and allows for block rewards to be
assigned to token holders proportionately. This acts to significantly reduce the energy needed to
mine, which makes it more economically efficient. This type of innovation building on top of the last
generation has allowed for ideas such as IonChain to not only come to fruition but retain a level of
dominance in the industry due to being early movers in an industry which is still seeing exponential
growth. The fact that major blockchains have a present problem in handling the high volume of
transactions that they are seeing is proof of the need for more platforms to be created.

Features

The principles of IonChain’s design including increasing scalability but at the same time making sure
that decentralization and security are paramount. Creating cross shared transactions seamlessly to
give user quality of experience (QoE) within an ecosystem that is incentive driven is key to IonChain,
being able to support different platforms and providing users with an easy to use account. Our
design will allow for scalability to be in line across the requirements of maintaining high security with
a good level of decentralization.
Current blockchain technology has two different basic functions in every block within a chain – the
ledger, including the state of the current ledger, and the confirmation, which is required to confirm
the transaction from a ledger and then mine blocks to reach desired difficulty levels (proof of work
or POW).

Technical Info

- Allowing the network to scale as needed without compromising on time or efficiency.
- Creating a higher level of decentralization than a normal blockchain.
- Security is created by maintaining 50% of the hash power in the base chain.
- An important core feature of the IonChain network is that it has been designed from the
outset with scalability in mind.
- Horizontal Scalability – The network runs each node as a super full node which allows the
same level of security against malicious attacks as traditional blockchains.
- The network is easy to use, safe, and allows for public participation with the ability to link
weak miners together.

IonChain Roadmap

  • August 2018

  • Team expansion

  • October 2018

  • Testnet 0.1

  • December 2018

  • Smart Contract 0.1

  • January 2019

  • Testnet 1.0 and Smart Contract 1.0n
    • Read More

  • May 2019

  • Further Team Expansion

  • Octorber 2019

  • Ion Chain Mainnet 1.0

  • December 2019

  • Ion Chain Core 1.0

IonChain Team

Verified 100%

Jani Terttu
Community manager
verified
Ding Jong
Research scientist
verified
Qian Lim
Software Engineer
verified
Xiaole Wu
Blockchain
verified
Mika Kojo
Marketing officer
verified
Elina Nousianen
Senior Software Engineer
verified
Sanna Rinne
Software Developer
verified
Tuomas Luosma
Software Engineer
verified
Chong Wang
Founder
verified

IonChain Interviews

Jani Terttu
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I will be working alongside the social media manager to generate new ideas for social content to drive communications.
Engaging with Fans and Followers to build relationships with the community and encourage engagement.
Monitoring the success of the community and of social media in terms of the overall marketing strategy.
Ding Jong
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
My duties in IonChain project are

planning and conducting experiments
recording and analyzing data
presenting results to senior/other research staff
writing research papers, reports, reviews and summaries
developing original solutions to problems
Qian Lim
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I always sweat the small stuff and care about impeccable code!
Xiaole Wu
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I will be responsible for designing, implementing, and supporting a distributed blockchain-based network
Mika Kojo
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Im IonChain marketing officer, I will be dealing with bounties, advertisement and future marketing.
Elina Nousianen
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I will develop information systems by studying operations; designing, developing and installing software solutions; support and develop software team. I will lead a team of developers and will make sure that there are proper communication with the rest of the tech team
Sanna Rinne
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Reviewing current systems
• Presenting ideas for system improvements, including cost proposals
• Working closely with analysts, designers and staff
• Producing detailed specifications and writing the program codes
• Testing the product in controlled, real situations before going live
• Preparation of training manuals for users
• Maintaining the systems once they are up and running
Tuomas Luosma
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
I will be developing and testing scalable data platform (blockchain)
Collaborate cross-functionally with data scientists, project managers and other engineers to achieve elegant solutions.
Provide recommendations for continuous improvement.
Work alongside other engineers on the team to elevate technology.
Chong Wang
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
As a founder I had a hard task to complete : develop a prototype, have a solid vision, and most importantly: a top team.

IonChain Last News

N/A
5.0 4
ICO Profile Vision Activity Potential Product Team
Do not agree with our rating?
icomarks
7.7

Whitepaper
ionchain.io

IonChain Reviews

Samson Owiti
Cryptotrader, Crypto investor, Blockchain business expert

ION CHAIN is a decentralized high capacity transactional system that uses an innovative double layered blockchain to ensure adequate security without sacrificing decentralization.

PROS:

  • The platform use allows for adequate scalability as each blockchain runs each node as  super full node  hence allowing for the same  security level against any  malicious attacks
  • The platform is highly secure as all the transactions within the system  are protected through a consensus algorithm across the base and shard networks with a POW system running on the bases chain
  • The platform implements multiple honest nodes in cluster form  to run as a super full nodes hence ensuring continuity of operations in case one node breaks down
  • The platform use eliminates the users from the burden of creating multiple accounts across shards to manage cross-shard transactions as  it only requires one account to manage all the accounts in shards  to complete any smart contract
  • The platform promotes  faster and easy cross-chain transactions through easy token conversions that improve the transaction performance
  • The platform has an adequate team  with a relevant experience and skills  relevant to the demands of the project implementation through the guidance of the CEO Chong Wang

CONS:

  • The platform lacks a well developed mobile application supported by Android to help in easy transaction across the globe
  • The platform white paper is under-developed with missing information about the involved team members  and the project roadmap
  • The project team members doesn’t constitute of advisors to help in giving direction to the project implementation in different areas

SUGGESTIONS:

  • The platform technical team should develope a  well equipped white paper to give the users and other investors adequate information on the project
  • The project team should  equally involve advisors to help in streamlining the process of project implementation

NOTE:

The platform use aims at creating faster and high capacity transactions however I would not invest in the project as it still under-developed.

 

Read More
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