IOST - A User-Friendly Public Blockchain Poised For Mass User Adoption. Mainnet Countdown: 6 Days!

IOST Foundation
IOST
Published in
6 min readFeb 19, 2019

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IOST Progress Update

On 21st December 2018, IOST officially launched its Partners Program. Within a week, IOST received over 100 applications from across the world, including investment funds, blockchain communities, developers, exchanges, wallets and many others.

On 15th January 2019, the IOST Partners Voting Portal was officially released. With a simple and user-friendly design, the Voting Portal allows all IOST holders to easily participate in community voting and staking with NO technical knowledge required. We received an overwhelming response from tens of thousands community members who voted over 1 BILLION IOST within 20 days.

As of today, close to 200 highly qualified candidates are participating in the IOST Partners Program, with approximately half of the candidates meeting the the 2.1 million IOST vote requirements and are now formally Node Partners in the network. Node Partners actively use their own resources to contribute to the IOST ecosystem, and many of them have already made outstanding contributions across community, technology and governance:

Partners Supporting the IOST Mainnet (Non-Exhaustive List)

Below, we introduce some of our Partners who are supporting the IOST elections and mainnet development as we head into towards our launch on 25 February.

Berminal

Berminal is a crypto news app ranked in the Top 3 on the Overseas Google Play Store News List, with over one million total users and over 50,000 daily users. Berminal’s second product, Bermi, is a fast growing content platform which hit one million users within one month of its product launch. Berminal and Bermi are are strong supporters of the IOST Partners Program and actively assist our Node Partners with outstanding contributions in their marketing and promotional efforts. Berminal will continue to work with IOST to bring millions of users into the IOST ecosystems in 2019.

DDEX

DDEX, the largest decentralized exchange on the Ethereum network and the first decentralized exchange built on the Hydro protocol, has developed a decentralized exchange for IOST, which will be officially released in early March. We are excited at the prospect of users using the IOST protocol to power their daily digital asset trading activities.

Rate3

Rate3, a cross-chain licensing and identity management protocol network, is issuing cross-chain stablecoins on IOST blockchain. Through the swap gateway scheme of Rate3, non-IOST assets (such as PAX, GUSD) will be able to be stored on IOST blockchain. Conversely, assets on IOST blockchain can also be transferred to other blockchains, allowing value to be seamlessly moved by our users. After the IOST Mainnet launch, Bitcoin and Ethereum stable coins will be officially released in early March as well.

IOST Pacific

IOST Pacific established the IOST Core Arbitration Community (ICAC). ICAC aims to be the core governance community of IOST and as a third party, IOST Pacific provides the education and organizes meetings for Partners and voters to participate in community governance. ICAC has no arbitration function and does not participate in the implementation of governance. ICAC has successfully organized multiple online meetings between global Node Partners and community members, with over 500 participants attending these meetings.

BISS

The world’s first token and stock CFD exchange, BISS, provides IOST with technical expertise in exchange and wallet functions. They power the backend infrastructure supporting the IOST Partners Voting Portal, and worked tirelessly with IOST to develop a user-friendly, one-click Voting Portal. BISS is also supporting the IOST Partners Election with generous early bird voting rewards.

Wallets Support

Prominent crypto wallets including TokenPocket, Cobo Wallet, Secrypto, Huobi Wallet and many others will bring in their strong technical expertise and security experience to integrate with the IOST mainnet. In doing so, they provide wallet users with convenient and secure digital asset management services and enhance public accessibility to IOST tokens.

Top-Tier Developer Teams

The IOST mainnet is supported by top-tier blockchain gaming developer teams including Team Joy, the world’s first blockchain casual competitive game platform development team; White Matrix, an award-winning game development team; the dev team behind the famous Liar Game; Eversystems team which launched the popular Japanese blockchain game CryptoNinja; IOST Game which is currently building the Realm 10 ecosystem on the IOST network; Endless Game team which is the leading game developer on EOS; and many other high-quality teams which are launching a wide variety of interactive DApps on the IOST main network.

Building A Benign Self-Governing Community through POB Consensus and the Partners Program

With the support of multiple Partners, IOST will start to deploy intensive online applications and ecosystems in March, and develop IOST into the fourth truly usable public chain project besides Ethereum, EOS and Tron.

Besides the significant progress IOST made in ecosystem development, IOST’s consensus mechanism, Proof-Of-Believability (POB) is highly innovative. Unlike DPOS consensus mechanism, IOST’s POB consensus mechanism will have no supernodes and no restrictions on the number of Node Partners.

All candidates with 2.1 million votes can formally become IOST’s Node Partners and receive Partner rewards, creating a significantly more democratic and decentralized transactions processing network. Click to learn more about the IOST Partners Program.

In addition to block production rewards for our Partners, the IOST Foundation has set up a 2% Contribution reward for the first year to motivate Partners in making active ecosystem contributions and to encourage voters to support these Partners who are making strong contributions to order to receive higher returns.

In essence, the intention of IOST’s Node Partner Program and PoB Consensus Mechanism to build a community with excellent community members to independently run and self-govern, which is also the core and real significance of the development of blockchain.

IOST will host live multilingual broadcasts in multiple regions on its main network on February 25 and announce more details around our progress.

Starting in March, IOST will not only become the fourth truly usable public chain project besides Ethereum, EOS and Tron, but also become the first scalable AND decentralized public blockchain by virtue of the POB consensus.

IOST Partners Program : Applications Remain Open

IOST Node Partners election will continue to run and starting from March 10, the election will transition from early bird voting stage to the mainnet voting stage. We welcome more community members and IOST holders to join IOST’s community voting program, receive excellent returns from ecosystem rewards and lend your voice in shaping the future and direction of the IOST network.

At the same time, IOST Partners Program will remain open for new applications without deadlines and limits on the number of candidates. The IOST Foundation sincerely encourages more community enthusiasts to join as a Node Partner and contribute actively to the success of the IOST ecosystem.

Apply to be an IOST Partner: https://iost-eng.typeform.com/to/MQzgbm

Official Voting Portal: https://iost.biss.com

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