Full Name: IONChain Token
Issue Date: 2018-06-28
Max Supply: 800 million IONC
Circulating Supply: 200 million IONC (2018-07-04)
Market Cap: $5.896 million (2018-07-04)
IONChain is a revolutionary IoT infrastructure based on blockchain and edge computing technology. IONChain aims to solve a wide range of the current problems of IoT networks in terms of data security, data circulation, data sharing and data transactions, thus enhancing the efficiency of the whole IoT ecosystem. IONChain introduces the concept of “One Device, One Coin, One Code” which facilitates the integration of IoT devices with the IONChain blockchain network. With the use of Edge Computing technology, it enables every device on the IoT network to be utilized as a mining machine, making every IoT device that uses IONChain subject to mining rewards. Owing to the use of blockchain technology, the data source will always be reliable and verifiable on the IONChain network. Furthermore, the value of the data is quantified and data transfers are fast and secured. This makes it easier for IoT standards to emerge, unlocks a plethora of new IoT.