IOST Bi-Weekly Report | Music NFTs, Sumo NFTs Airdrop, Bitpoint Japan Event & More
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]
- Optimization of part of the IOST SDK
- Research on new features of the next version of IOST mainnet
- Implementation of IOST compatible EVM solutions
[Operation and maintenance]
- Optimization of the IOST internal services
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
IOST Partners Label Foundation To Drive The Future of Music NFTs
IOST is excited to announce its strategic partnership with the Label Foundation- one of the earliest pioneers committed to creating a sustainable music IP NFTs ecosystem for the top musicians (Grammy award-winning artists), protected by a distributed ledger.
The emerging world of Non-Fungible Tokens (NFTs) is growing beyond works of art, play-to-earn game items, virtual real estate, and collectibles, including music NFTs. Musicians and music producers are now generating significant revenue by selling digital versions of their art and music. In the case of NFT music IP, it belongs to the realm of rare NFTs stored in blockchain technology. NFT Music IPs typically help block the intermediaries that make up the majority of musicians’ revenue, providing a lucrative opportunity for creators to monetize.
IOST Sets to Launch a Decentralized Algorithmic Stablecoin
Algorithmic stablecoins are seen as truly promising yet still face many challenges in terms of stability and long-term value-add to the users.
IOST aims to solve three core problems:
- To ensure the authenticity of oracle price feeds,
- To manage scarcity to ensure price stability and deal with deflationary costs,
- To design a short-term price arbitrage model to reduce short-term price volatility.
IOST x Bitpoint Japan Events to Celebrate IOST Listing!
To celebrate the official listing of IOST on Bitpoint Japan, IOST and Bitpoint Japan are jointly launching three exclusive rounds of events with generous rewards and giveaways!
Yokozuna Finance to airdrop free sumo themed NFTs
Yokozuna Finance continues to create significant buzz among the IOST NFT and DeFi communities. On May 3, the sumo-inspired project announced it would airdrop FREE SUMO-THEMED NFTs to eligible stakers of IOST and ZUNA in specific vaults on app.yokozuna.fi and to random followers of its’ English and Japanese Twitter and Telegram social media platforms of record as of May 10, 2022, at 11:59 PMTokyo time.
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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