Initial Results for IOST 2020 Q1 Contribution Rankings and Rewards
Partner and Servi Node report submission for the IOST Q1 2020 Contribution Reward System has now concluded and initial rankings have been assessed. In total, 90 nodes successfully submitted valid reports across 5 categories.
16 nodes successfully achieved Tier 1 status, earning the highest rewards of roughly 1.24M IOST each. In total, nearly 53M IOST tokens will be paid out to Nodes across all tiers and categories. Additionally, these rewards constitute only half of the quarterly reward payout, with nodes also receiving their “share of votes” quarterly rewards during the distribution.
The contribution rewards for IOST partner nodes are provided by the IOST Foundation. From March 10, 2019, to March 9, 2020, a total of 2% of the total circulation was issued, which is 420 million IOST. As described, 50% of the contribution reward is allocated based on the number of votes and the remaining 50% according to the contribution reward mechanism.
Note: Beginning March 10, 2020, IOST started to conduct ranking and reward distribution according to the Node Program v2.0.
Assessment and Ranking
The contribution report assessment lasted from March 2nd to March 9th. Each node’s report was assessed independently by the IOST Foundation Evaluation Team.
An indicative framework and scoring system per category was used which was then averaged for each report. Nodes were then ranked by average scores in each category. Once the initial tiers have been established, an open and collaborative discussion took place to compare reports that were similar, close in scores or on the board-line of tiers. In a few exceptional cases where an assessment was tied and could not be resolved, these nodes were awarded equal ranking. Through this week-long process, the following node rankings were established and displayed below (sorted in no particular order).
Disputes and Payouts
In the next phase and in the spirit of fairness, we will now open up a consultative period where any node that disagrees with their assigned tier can query their result. Nodes must provide specific reasoning for a requested tier change and also highlight which node in an above tier and same category should be rotated. This request will then be assessed and a final decision will be made. After this period, 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. For disputes please contact your regional contact (China, Japan, Korea or International) for the node ecosystem.
- Disputes open until 23:59 March 19th (GMT+8).
- The final rankings and Contribution System will be released on Friday, March 20.
- Contribution rewards payouts will finish by the end of April, please pay attention to IOST official announcement for updates.
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.
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
- Terry Wang Twitter: https://twitter.com/terrence_iost
- 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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