Ignition Coin is a decentralized, peer-to-peer, digital asset. This means that it is not physical, but like physical objects, it is scarce, and cannot be copied. By distributing the “blockchain”, more accurately, a ledger, across hundreds, thousands, or millions of machines, updating each other and keeping the chain data secure, while verifying each transaction using miners, stakers, and master node algorithms.
How much Ignition Coin, known as $IC on the markets, is determined by supply and demand. As more people participate in the network, demand grows, which can increase the value of a coin. Ignition Coin has low inflation and a limited supply, designed to prevent inflationary effects, which could help maintain value.
Ignition Coins are available on several exchanges. Currently, our highest volume exchange is Crypto-Bridge, a relatively new, decentralized exchange. You can buy Ignition coin there with Bitcoin, Litecoin, ALQO, BCO, and BCH.
We are also available for trading Bitcoin for Ignition Coin on the following exchanges:
Minting new Ignition Coins is done in three ways. Two are considered “Proof of Stake”, meaning they are done from within the network and utilize coin holding as a similar collateral to mining hardware.
Proof of Stake: Staking requires a full node, and it must be online 24/7. The coins you hold determine what % of blocks you will receive rewards of. Simply send coins to your full wallet (available on Github), and keep your wallet running. This incentivization helps ensure a large supply of peers and nodes for distributing the verified chain that miners provide.
Master Nodes: Minting from Master Node ownership requires a collateral of 3000IC. The blockchain will handle determining the payout of master nodes evenly from the pool of master node rewards, and in turn, master nodes provide private/anonymous and instant transactions for extra fees.