Phore PHR to IONChain IONC Exchange

Crypto Pair Details: PHR to IONC

Phore PHR

Grounded in sound technology, Phore is composed of a decentralized blockchain, a network of masternodes, a self-governance system, and several other innovative technologies. In addition to hosting a decentralized marketplace, Phore offers crowdfunding, public and private blockchain services, decentralized applications, all with the help of its utility token, PHR. Phore is a new name in the cryptocurrency market. In fact, it did not have an ICO or pre-sale mining. However, the company has a well-stipulated roadmap for the future. Its most recent progress was the integration of the Phore Blockchain into the marketplace. One of the milestones for 2018 is the activation of Segregated Witness. Phore started out as KryptKoin back in 2014. KryptKoin’s lead developer had to stop the project due to a serious disease. The demise of KryptKoin was followed by the creation of Phore in 2017. Phore’s blockchain system operates on the Proof of Stake (PoS) protocol for the purpose of mining. Users are rewarded on the basis of their participation on the platform and the number of stakes they hold. The staking rate is 2.8 PHR per 60 seconds, which means users will receive 2.8 PHR for every block they own after every 60 seconds. The blockchain employs master nodes to fulfil the purpose of security on the Phore network. A minimum of 10,000 PHR is required to enable master node security. The set up process only requires a Virtual Private Server (VPS) and a PC. Masternodes serve additional security to the funds even when the wallet is offline. The targets for Q1 2018 include the development and release of web and Android wallets. The plan is to increase PHR accessibility with the help of wallets. The team plans to work on wallet and core upgrades the whole year long. They also intend to create an automated setup for master nodes. Phore has built an enthusiastic and dedicated community of users despite its new entry in the market. The variety of services that it offers with its innovative technological infrastructure indicates a positive future market growth and an expanding user base. With a team of expert individuals like Moonshot, the CTO with over 25 years of work experience in financial technology and young developers like Julian Meyer, Phore emerges as a promising investment opportunity.

IONChain IONC

IONC is the official token of IONChain. It can be utilized by different participants in IONChain ecosystem. The maximum supply of IONC is 800 million. It is going to be released gradually for 20 years. After 20 years, the administrative committee elected by IONChain users using the consensus mechanism will decide whether to re-issue IONC tokens based on the amount of on-chain devices, amount of data being processed and the overall level of IONC abundance in the ecosystem. IoT devices and data access constitute the core parts of IONChain ecosystem, therefore IONC token is going to be used to reward devices and data providers. The yearly supply of IONC tokens increases along with the demand for data access. However, the upper limit is pre-set. IONC token is an indispensable part of the IONChain system as it is a single most crucial part of its ecIONChain 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 ofthe 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 application scenarios and boosts the whole industry to enter the next level of development.

SOURCE: COINGECKO

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