Citadel overview: IOST
About Citadel
Citadel.one is a non-custodial Proof-of-Stake platform for the management and storage of crypto assets. In the initial release users will be able to create public addresses for all supported networks with one seed phrase, connect their ledger or trezor device or import an address generated by another wallet. Analytical dashboard provides relevant information on wallets’ balances and networks’ main metrics. One of the main functions of Citadel platform is participation in the PoS consensus — users can stake and delegate their assets, claim rewards and follow latest network proposals in the voting tab. Citadel offers its users instant cryptocurrency exchange service that allows fast and secure crypto assets swap.
Citadel’s features for IOST holders
Non-custodial wallet
Citadel offers users to create platform-native wallets for all supported networks with one seed phrase. If an IOST holder wants to create multiple wallets, they all can be managed with only one password. The hierarchical deterministic key generation is used to derive a theoretically infinite number of cryptographic secrets from a single master seed. In this way, users’ private keys can be determined and intrinsically “stored” in a single master seed. Citadel uses a standard called BIP39 for the generation and interpretation of the master seed.
Hard wallets support
Alternatively, users can use their hard wallet devices, in the initial release Citadel will support all Ledger devices, Trezor Model T and Trezor One.
Other public addresses support
Citadel supports any IOST public address, even if they were created outside of the platform. All you have to do is select a currency and add a public key, after that you will have access to the same analytical functionality as for native addresses. And if you find our service convenient for sending, receiving, staking and storing funds, you can import a private key (your seed) or use cold wallets! Users can use our platform to manage all their wallets or simply add public addresses they want to track to analyze their activity, it is up to you.
Staking & Multi node delegation
One of Citadel core features is participation in PoS consensus of supported networks. Users can stake and delegate IOST that they hold on connected wallets to contribute to the IOST ecosystem and receive rewards.
On Staking screen we provide users with all information they need to help them with delegation. We divide user’s balance on staked, available (for staking) and frozen (on unbonding period), show users their claimable IOST, received rewards and current breakdown of their delegation. Users can vote for as many nodes as they want and allocate their votes proportionally by inputting shares % or precise IOST amount they want to delegate.
For the future release we are developing the auto-staking function. The way it operates is very simple: the only thing users have to do is choose their favorite nodes on which the accumulated IOST will be delegated and staked. This function will automate the process of claiming the rewards and stake to the already chosen nodes in the voting tab in accordance with the chosen Stake shares.
Automatic iGAS and iRAM control
This built-in feature of the platform allows users to stake their tokens without worrying about iGAS or iRAM, our platform will check availability of resources, and automatically buy them if the user’s initial balance is insufficient.
Multi wallet analytical dashboard
Track asset status with graphical metrics and visual statistics. At your disposal is a built-in explorer with features such as transaction status tracking, reward history, balance changes, chart analytics, network statistics and so on. On the analytics tab users get up-to-date information on most important network metrics: Yield %, Market cap, Circulating supply, Staking rate, Unbonding period.
Personalized users’ info is their total balance, rewards and transactions history. On reward charts users can keep track exactly how much IOST they claimed and when. Personalized info is available for individual wallets and on IOST overall tab we consolidate all wallets info. Using public key, it is possible for users to add wallets they don’t own to have access to an analytical dashboard, without ability to actually manage the assets.
Voting
Network proposals affect all IOST holders so we at Citadel made sure that users can get relevant information about ongoing and last network proposals. In our voting tab anyone can see what changes are proposed.
Fiat gateway
In the next week update we will add fiat gateway to allow users buy and sell crypto assets with a credit or debit card.
