IOST Bi-Weekly Report | IOST Burn Plan, 200M Blockheight Milestone, Green-Listed in Japan & Yokozuna NFT Launch
The IOST Bi-Weekly Report shares 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 positive outlook and long-term support. Your advice is welcomed and valued here.
A. Technical Development
[Development]
- Exploration and research on IOST cross-chain application scenarios
- External API setup, such as Rosetta
- Exploration and implementation of EVM solutions
[Operation and maintenance]
- Mainnet stability test
- Optimization of internal tools
B. Community Growth & Mainnet Statistics
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 that users may experience. Please get in touch with the DApp team directly for any questions.
C. Ecosystem Development
Sigma will airdrop IOST mainnet accounts to Ethereum addresses & Burn 500 million IOST in the process
Sigma is hosting an extensive campaign to introduce the Ethereum users to the IOST Web3 ecosystem with an airdrop to active addresses of Ethereum IOST accounts for free to promote a new space for innovation and development of Web3 — The IOST Web3 Ecosystem. Every address with at least one transaction on the Ethereum network is eligible for this airdrop. According to the snapshot that Sigma has taken, the scale of this airdrop exceeds 50 million Ethereum addresses.
IOST Block Height Breaks 200 Million
On May 23, 2022, the block height on the IOST mainnet surpassed the 200,000,000 (two hundred million) mark, reaching a record high of over 200,841,000 as of the time of writing, which far exceeds the block height of other public chains from the same period! Besides the block height, IOST has also reached significant milestones. Let’s find out together!
IOST Token Listed on GREEN LIST by the Japanese Crypto Association
We are excited to share that the IOST token has been listed on the “GREEN LIST” provided by JVCEA, the Japan Virtual and Crypto Assets Exchange Association. IOST is also one of the only 18 coins that make it to this Green List, out of 48 coins by JVCEA.
This milestone is a reflection of IOST’s effective business expansion strategy in one of the most highly regulated countries, Japan, and well-deserved recognition of IOST’s contributions to training developers and educating universities students in Japan since 2018, as well as the approval of listing on Coincheck in September 2020, OKCoin Japan in September 2021, and Bitpoint Japan in May 2022.
Yokozuna Finance Launches Sumo themed Play 2 Earn NFTs and Auction Marketplace on IOST
With the introduction of its’ NFT auction marketplace at app.yokozuna.fi, Yokozuna Finances’ innovative Play-to-Earn NFT’s model has taken another step in affording participants the opportunity to use “Functional NFT’s” to monetise their gameplay.
The project is loosely based on professional and amateur Sumo with aspirations to educate and entertain users through a fun and unique gamified DeFi experience. Users will not only earn rewards for staking NFT’s, but govern the DAO. The team hopes proposals to fund Sumo initiatives in real life can help raise awareness for the sport globally.
For those new to the project, it is still early, as until now, users could only earn the project’s native token, $ZUNA which has a total supply of 100 million. The team has cleverly designed sustainable deflationary tokenomics in that 20% of the remaining supply is annually or about 42,000 ZUNA per day with approximately 27 million in circulation which are easily tracked with the ZUNA price, burned and emitted among other metrics which are readily available on the D’App dashboard.
D. Nodes Ecosystem
Extension of the promotion until May 31. Double Rewards Until the End of spring!
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. With this action, we want to thank all those who voted for us and make your life a little happier ☺
Who can take part:
- Users of the IOST network who voted for IOST.BEST node from 16.01.2021 to 31.05.2022
- Network users who voted for IOST.BEST node before 16.01.2021
Calculation of the reward:
The reward is calculated on a daily basis. The calculation is based on the statistical data of our node, which are posted here in the column “Dividend Records”.
Citadel
- Additional $XCT tokens on top of the IOST staking rewards.
From August 19, 2021, all the stakers at the citadel.one will get an additional $XCT tokens on top of the IOST staking rewards.
Metanyx
- Passive Income on IOST
METX was the first token 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 reflects our genuine 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, and symbiotic relationships with corporations dotted worldwide.
If you would like to hang out with the IOST community on chat, social media, or discuss product development, we have something for everyone:
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