Introducing Citadel- A New Non- Custodial Platform for IOST Holders: All New Features Not to Miss!
Citadel.one is a non-custodial Proof-of-Stake platform for the management and storage of crypto assets, developed by IOST Partner Node- Paradigm Fund.
This new platform offers a variety of interesting and useful features for IOST holders including a non-custodial wallet with ease of creation and access, one-seed, staking and multi-node delegation, hard wallet support, automatic iGas and iRam control, instant swap, on-chain governance voting and more.
Citadel can be the next game-changer in the IOST wallet portfolios with its unique, progressive, and useful features, and a strong team of IOST Partner Node Paradigm Fund behind this project. Crypto asset management platforms are a core part of every blockchain’s ecosystem. Great users' experiences will retain existing community members and promise more users acquisition. IOST and its partners will continue to bring in more values to our users in this aspect of the ecosystem.
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. The analytical dashboard provides relevant information on wallets’ balances and networks’ main metrics. One of the main functions of the Citadel platform is participation in the PoS consensus — users can stake and delegate their assets, claim rewards, and follow the latest network proposals in the voting tab. Citadel offers its users an instant cryptocurrency exchange service that allows fast and secure crypto assets swaps.
Let’s dive into details on what Citadel has to offer and why you should check out this platform now!
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 the 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 the Staking screen, users can find all information they need to help them with delegation. Citadel divides 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, Citadel will be 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, the Citadel 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 the most important network metrics: Yield %, Market cap, Circulating supply, Staking rate, Unbonding period.
Personalized users’ info is their total balance, rewards, and transaction history. On reward charts, users can keep track of 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 the public key, it is possible for users to add wallets they don’t own to have access to an analytical dashboard, without the 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 the voting tab, anyone can see what changes are proposed.
About IOST
Supported by Sequoia, Matrix, ZhenFund and other world-class investors, IOST is a blockchain platform developed for online service providers, empowered by its unique, next-generation Proof of Believability consensus.
With a one-year-old mainnet, IOST has swiftly risen to become a world-leading public chain renowned for its numerous government collaborations and enterprise partnerships around the world. IOST is one of the Big Four public chains with a rich user base and real applicability alongside Ethereum, EOS, and TRON. 500,000 community members, over 20 countries worldwide, and over 400 nodes, top staking economy, and growing.
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
- IOST Announcement Channel: https://t.me/iost_announcements
- IOST Official Twitter: https://twitter.com/IOST_Official
- 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
- Uptrennd: https://www.uptrennd.com/iost
- 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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