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ION is a blockchain based decentralized cryptocurrency that rewards network participation via static proof of stake. ION rewards "connectivity age" instead of “coin age,” thus eliminating abuse from exchanges and users that do not actively contribute to the network. By having a static reward system, the rewards for participation are proportional to the work every active node contributes. This discourages centralization and promotes network health. In addition to static rewards, ION implements a masternode network to incentivize large holders, and perform advanced functions such as near instant and private transactions.