Final Results for IOST Q1 2020 Contribution Rankings and Rewards
After rigorous and extensive evaluation, the IOST Foundation Evaluation Team completed the evaluation of contribution awards for Q1 2020 yesterday and officially announces the final results & ranking today.
Q1 includes January 1 to March 9 for a total of 69 days, nearly 80 million IOST contribution rewards and shares will be distributed this time. Among them, around 40 million IOST are rewarded according to the contribution score and will be distributed to partner nodes according to their tier and to voters. 40 million IOST are rewarded based on the number of votes.
In this quarter, 16 nodes successfully achieved Tier 1 status, earning the highest rewards, each of Tier 1 node and their voters will receive a total of over 1.2 million IOST contribution rewards.
Final Nodes and Rewards Per Tier
All contribution rewards and ‘share of votes’ rewards for Q1 2020 will be paid out in full and automatically credited to each node’s account and their voters’ accounts (50% share) by the end of April.
IOST issues the rewards based on on-chain data. IOST will distribute the rewards of all voters who voted via centralized institutions to the corresponding institutions. In addition, users who cast votes at BISS are suggested to transfer all votes to another decentralized voting channel as soon as possible, such as the IOSTABC browser, TokenPocket wallet, BEPAL wallet, etc.
At 20:00 March 27, 2020, Beijing time, IOST will hold a global node meeting to summarize the contribution of Q1 2020 and explain the development status and roadmap of IOST in 2020. Blake, IOST Foundation representative will also attend the meeting and some leading nodes will summarize their contributions in Q1 2020. Partner nodes and community members are welcome to participate!
Note: Beginning March 10, 2020, IOST started to conduct ranking and reward distribution according to the Node Program v2.0.
Final Node Tier Rankings
Following on from the release of initial Node’s Q1 contribution results and rankings and conclusion of the dispute period, all results, rankings and rewards are now finalized for Q1 and listed below (in no particular order).
Building the IOST Node Ecosystem
In 2020, we optimized the contribution reward system of partner nodes and introduced the contribution reward system v2.0 to provide more incentives for partner nodes who remarkably contribute to the IOST ecosystem.
In addition, we will further strengthen the connection with the node partners in 2020, and hold partner node conferences every month to provide a platform for everyone to communicate with each other and make progress together. We are sure that in 2020, the IOST partner node program will gain greater success, with more contributions, and more new partners.
With excellent rewards for nodes and their voters, we hope we have demonstrated the high value that building and contributing to the IOST ecosystem can have. With significant rewards, especially for Tier 1 and Tier 2 contributors, we hope to better incentivize nodes to keep contributing to the IOST ecosystem and achieve our goals of being the leading scalable and decentralized public blockchain in the world.
For support and advice for specific initiatives from the IOST core team, please contact your local representative. Also, keep an eye on your Node discussion groups for requests for support in several upcoming initiatives run by the core team, these count to your contributions too!
To become a node, join the IOST ecosystem and start earning rewards please check out the Servi & Partner Node Registration Guide.
Join IOST Community
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:
- International English Telegram Group: https://t.me/officialios
- Official Announcement Channel: https://t.me/iost_announcements
- IOST Official Twitter: https://twitter.com/IOStoken
- IOST CTO Terry Wang Twitter: https://twitter.com/terrence_iost
- IOST CEO Jimmy Zhong Twitter: https://twitter.com/jimmyzhong_iost
- Slack Developer Community: https://invite.iost.io
- Reddit: https://www.reddit.com/r/IOStoken
- Facebook Page: https://www.facebook.com/IOSTofficial/
- Facebook Group: http://bit.ly/IOST-FB-Group
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