ION (ION) is a decentralized cryptocurrency that operates on a blockchain. It rewards network participation through a system known as static proof of stake. Unlike other cryptocurrencies that reward "coin age," ION rewards "connectivity age," which encourages active contribution to the network. This system aims to discourage centralization and promote network health. ION also implements a masternode network to incentivize large holders and perform advanced functions such as near-instant and private transactions. The long-term vision for ION is to establish a thriving cryptocurrency ecosystem centered around gaming and digital goods.

ION operates on a static proof of stake system, version 3 (PoS 3, or SPoS), which aligns incentives with user behaviors to actively contribute to a robust network. The reward is “static” because it is typically the same (50% of the block reward). Coin weight still matters, but “connectivity age,” – the duration a wallet maintains active network communication – replaces coin age as the primary probability parameter for staking. Rewards are thus contingent upon active work and the amount of ION held in wallets to maintain and secure the network. In addition, ION implements masternodes to reward large holders of coin, contribute to network robustness, and perform advanced functions such as near instant and private transactions.

ION aims to establish a thriving cryptocurrency ecosystem centered around gaming and digital goods. It seeks to incentivize network participation and active contribution to the network. ION's masternode network can perform advanced functions such as near-instant and private transactions, which may be considered by users who prioritize transaction speed and privacy. Furthermore, ION's static proof of stake system can be used to maintain and secure the network, making it a potential choice for users who want to contribute to network health and decentralization.

ION was developed with a vision to establish a thriving cryptocurrency ecosystem centered around gaming and digital goods. It was designed to reward network participation through a system known as static proof of stake, which encourages active contribution to the network. ION also implemented a masternode network to incentivize large holders and perform advanced functions such as near-instant and private transactions. Over time, ION has aimed to discourage centralization and promote network health, with the intention of creating a robust network.