IOST Bi-Weekly Report | Donnie Airdrop Has Reached The Exchanges!

Zhen
IOST
Published in
5 min readOct 18, 2021

The IOST Bi-Weekly Report is a publication to share about IOST’s latest development, market expansion, and ecosystem developments with the IOST community.

From here, we would like to express our gratitude to our community for your continued support. Your advice is welcomed and valued here.

A. Technical Development

[Development]

  • IOST developer documents updated to v3.5.0
  • Research on new features for IOST SDK
  • IOST internal optimization
  • Research on the more NFT application scenarios on the IOST chain

[Operation and maintenance]

  • Assist in node access problems
  • Assist DApp developers in solving technical issues
  • Optimization of on-chain stability monitoring

B. Community Growth & Mainnet Statistics

On October 05, 2021, The IOST’s official Twitter account reached 263,000 unique followers! A big THANK YOU to all our IOSTIANS!

Disclaimer: Third-party developers develop all IOST DApps. The information provided here does not constitute any investment advice. All content provided here is intended for education only. IOST bears no responsibility or liability for any loss which players may experience. Please get in touch with the DApp team directly for any questions.

Attention

Bit_Z exchange will stop its service on October 21 and delist all coins on October 15, 21. Users who hold IOST positions on the Bit_Z exchange are requested to withdraw their coins to other trading platforms as soon as possible, at the latest by October 21, 2021

https://twitter.com/IOST_Official/status/14478778093559808

C. Ecosystem Development

IOST Achieves Further Developments In The Compliance Progress of Japanese Blockchain Regulations

As the DApp compliance progress moves forward, we have witnessed many concrete achievements:

  • The Daily Active Users (DAU) of casino DApps is decreasing below 2% of all DApps
  • None of the casino DApps are accessible to Chinese and Japanese IPs
  • Transaction number and volume for casino DApps represent less than 3% and 0% of the total, respectively
  • IOST extends cooperations with other high-quality DApp teams

A strong level of compliance is critical for any blockchain to reach out to more users in a sustainable manner. The efforts in compliance progress will boost the IOST’s long-term expansion in the Japanese market and many other countries to follow.

Donnie Finance airdrop tokens distribution *to exchanges* has been completed

Full list of exchanges that supported the airdrop: Huobi, Binance, Upbit, Bitkub, Bithumb, OKCOIN Japan, MEXC, BigONE, and AEX.

The platforms mentioned above completed a snapshot of their internal IOST holders on September 30, and Donnie Finance has completed the distribution of the corresponding amount of DON to the exchanges. Now, it is due for the exchanges to do the final distribution to their clients.

  • Total amount held in exchanges: 11,742,919,504 IOST
  • Total amount airdropped 500,000 DON
  • Final ratio = 1 DON : 23,485 IOST approximately

Back to basics! - Introducing PoB

Proof-of-Believability consensus mechanism, innovated by the IOST team, is the ultimate solution for the scalability trilemma.

NFT Giveaway By Japarin

Outstanding content and reactions from the IOSTIANS!

D. Nodes Ecosystem

Extension of the promotion until November 30. Double Rewards Until the End of Autumn! By IOST.BEST node

IOST.BEST node completely distributes its reward, which it receives daily for the number of votes given to the node, to all those who vote and hold their votes on IOST.BEST node. We want to thank all those who voted for us and make your life a little happier with this action.

Citadel

  • Additional $XCT tokens on top of the IOST staking rewards.

From August 19, all the stakers at the citadel.one will get an additional $XCT tokens on top of the IOST staking rewards.

METX provides Passive Income on IOST

METX was the first token to be officially launched on the IOST Blockchain soon after the mainnet was launched in early 2019. METX is distributed to voters every day, and to receive METX, you simply have to vote for Metanyx

About IOST

High fees and slower transaction times on the Ethereum network have left the door open for new solutions to emerge, and IOST is one such project that has been gaining traction since its mainnet launch in 2019.

Backed by major financial and VC firms such as Sequoia, Matrix, and ZhenFund, IOST is a pioneering decentralized, high-throughput, gas-efficient Proof-of-Believability-powered smart contract platform built to tackle the scalability trilemma once and for all. For this, the concluding ranking from China’s CCID ranked IOST as the best blockchain platform under Basic Technology, better than Ethereum, EOS, and every other smart-contracting platform evaluated by the agency. This is a testament to the quality and ability to roll out a better, innovative product and reflective of our true desire to be the best in the sphere.

Being one of the public chain leaders in terms of adoption, performance, and utility, IOST remains committed to our mission to unleash the power of blockchain. IOST currently has the ever-expanding 500,000 community members in over 20 countries, over 400 nodes, a top staking economy, symbiotic relationships with corporations dotted worldwide.

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:

Telegram |Announcement | Twitter |Japan Twitter | Korea Twitter | CEO Twitter |Developer Community| Facebook |LinkedIn | Medium

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Zhen
IOST
Editor for

Senior Community manager, editor, and translator at IOST.