| General information | |
|---|---|
| Global rank: | 2185 |
| Name: |
IONChain |
| Symbol: | IONC |
| Current coin price (AMD): | 0.404 AMD |
| Last hour: | arrow_upward0.000000 % |
| Last 24 hours: | arrow_upward0.000000 % |
| Last 7 days: | 7.97 %trending_up |
| Capitalisation (AMD): | 49 000 020.47 AMD |
| Volume 24h (AMD): | 0.000000 AMD |
| Available supply: | 121 180 605.00 IONC |
| Total coin supply: | 520 000 000.00 IONC |
| Algorithm: | ETH Token |
| Start date: | 02/07/2018 |
IONChain/Armenian Dram (IONC/AMD) price chart
IONChain/Armenian Dram (IONC/AMD) capitalisation and volume charts
IONChain aims to become the underlying particle in the Internet of Things (IoT) ecosystem. Through their IONChain Protocol, IONChain will serve as the link between IoT devices, supporting decentralized peer-to-peer application interaction between devices.
In the IONChain ecosystem, every IoT device that provides valuable data can act as a mining machine. Once connected to the IONChain network, a device will constantly contribute its calculative power via the Ionization Algorithm and in turn, receive IONC tokens as mining reward. IONChain has created a unique consensus algorithm to determine the value contributed by IoT devices. A device’s contribution is jointly determined by the Data Quality Proof Consensus and Time Lapse Proof Consensus.