IOST
IOST
Aug 17 · 3 min read

IOST has started its 1.2 Billion EMOGI Airdrop since August 13th, which includes two parts: Genesis Airdrop and Long Term Airdrop. Today, IOST has started the distribution of Genesis Airdrop rewards while Long Term Airdrop is ongoing and its first batch of rewards will be issued in September, 2019.


Genesis Airdrop Rewards Distribution In Progress

Genesis Airdrop will issue a total of 63,000,000 LOL to IOST voters according to snapshots taken at 13:00, August 13th (UTC).

IOST issues airdrop rewards based on on-chain data and has finished distribution to all staking pools and voting platforms. Please contact your respective institution for any questions.

Besides, due to that LOL being gradually unlocked, a small number of on-chain voters will get their rewards by August 20th.

How To Get My Rewards?

  • All on-chain voters will receive their rewards directly. (On-chain voting channels: TokenPocket Wallet, PureWallet, IOSTABC Explorer, IOST Voter and Huobi Wallet.)
  • Voters through BISS will get their rewards from BISS.
  • Voters through staking pools and exchanges will receive their rewards from their respective staking pool or exchange.

Long Term Airdrop Ongoing

IOST will start to issue Long Term airdrop rewards to all voters from September 2019.

  1. Giveaway volume: 630,000,000 LOL.
  2. Long term airdrop event will last for five years, starting from August 1, 2019 and ending on August 1, 2024.
  3. Each round of airdrop lasts for a month and rewards are issued the month after.
  4. Every month 10,500,000 LOL will be airdropped to eligible participants.
  5. Distribution volume to an account in a given month = Votes on the account for the month / Total Votes for the month *10,500,000 LOL
  6. IOST will distribute airdrop giveaways according to on-chain data. If you are holding your IOST in a staking pool, please contact your respective staking pools for assistance and clarity on how your airdrop will be received.
  7. Please be aware of fake news and only refer to information released by the IOST Foundation, official partner exchanges and official staking pool partners. The official list of partner exchanges and staking pools will be released on August 9th and 10th.

Calculation Example

For example, David has 10,000 IOST staked on August 1st according to the snapshot taken at 13:00 (UTC) the same day. He stakes (or votes) a further 20,000 IOST on August 3rd, and 30,000 IOST on 5th. He doesn’t redeem or further stake or vote until August 31. So the staking proportion for David in August will be calculated as:

10,000*31+ 20,000 *(31–2) + 30,000 *(31–4)


Join the IOST Community!

Just two months after the launch of mainnet, IOST is now one of the Big 4 Public Chains for DApps alongside Ethereum, EOS and Tron. IOST has already surpassed Ethereum in the number of transactions made on the network. IOST will continue work hand in hand with developers and our community to build the world’s first scalable AND decentralized blockchain project, with a vision of on-boarding over 100 million users by 2019.

If you would like to hang out with the IOST community on chat, social media or to discuss product development, we have something for everyone:

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IOST

The Internet of Services Foundation Official Medium Publication

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The Internet of Services Foundation Official Medium Publication

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