Ionic is a non-custodial money market protocol offering unparalleled control and security to its users through a code-centric governance model. Ionic differentiates itself with a novel Point System, rewarding users for contributing to the ecosystem without issuing a conventional token. This system encourages engagement through lending, borrowing, and referrals, with varying points potential for different activities. The project is entirely self-bootstrapped, relying on its resources for development without external funding. This approach underlines Ionic's commitment to innovation and self-sustainability in the competitive DeFi landscape.
Value Proposition:
Ionic is a decentralised non-custodial money market protocol, supported by a comprehensive security monitoring and failsafe systems. Ionic gives users complete control over their funds by providing best interest rates on Mode Network.
Governance:
Since Ionic has not released a token yet, it lacks a formal governance system. This means that its governance is entirely managed by a code-centric environment. Without a token, the platform does not employ traditional token-based voting mechanisms for decision-making processes.
Tokenomics:
Ionic has introduced its Point System, offering a 'Points Squared' scenario for its users, instead of launching a traditional token. This system quantitatively measures a user's contribution to the app and its ecosystem. Users can accumulate points in three primary ways, with the possibility of new methods emerging as the product evolves. On Ionic, points can be earned through lending and borrowing assets, as well as referring new users. While all points are valued equally, the potential to earn points varies by activity. For example, lending and borrowing points are equivalent in value, but earning a borrowing point may require less capital. Currently, Ionic operates with this points system and has not introduced a token.
Previous Funding:
Ionic is a fully self-bootstrapped project, indicating that it has not relied on external funding sources such as investor investments, grants, or participation in retrospective funding rounds. Instead, the project has been developed and sustained through its own resources and efforts, demonstrating a strong commitment to organic growth and self-reliance in its development and expansion.
