IOST Bi-Weekly Report | New Staking Mechanism Unveiled!

Zhen
IOST
Published in
5 min readApr 8, 2020

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

The IOST Foundation thanks our community for your continued support. Your advice is welcomed and valued here.

A. Technical Ecosystem

[Development]

  • Fixed TimeError of api.iost.io
  • Fixed IOSTABC node instability
  • Improved NFT related documents
  • Development of the new version

[Operation and maintenance]

Performed node’s technical communication for access and exit

B. Community Growth & Mainnet Statistics

C. Ecosystem Development

IOST New Staking Mechanism Now Unveiled!

Following the successful launch of IOST Node Program v2.0 took effect, IOST launched the new Staking Mechanism to better satisfy the needs of our users.

Now, it only takes 3 days for on-chain voters to unvote (unstake), comparing to the usual 7 days. This enables voters to have more flexibility while enjoying high returns.

At this point, the freeze period for all voting channels on IOST has been shortened to 3 days. For other voting channels, such as the Huobi pool, OKEx pool, OB pool, Liebi pool, Cobo pool, BigOne, KuCoin (part of IOST Soft Staking Program), etc., please follow their official announcement channels for more information regarding the freeze period.

IOST FAQ Update for 2020

IOST will release a new version of the FAQ, focusing on project introduction, technical advantages, project funds and liquidity, IOST mainnet progress, partner nodes plan, IOST Enterprise Edition Aiou Technology and aircraft carrier plan, community development, and project planning, etc. Stay tuned!

IOST Was Reported by South Korea’s Largest Economy Newspaper

With the continuous progress of the project, IOST has been widely & increasingly recognized internationally.

Recently, South Korea’s third-largest daily newspaper and one of the largest economy newspaper groups published a report in the Daily Economy: IOST and AWS China signed a partnership. MK (Acronym for Daily Economy) was established in 1966 and is the largest economic newspaper in Korea with a circulation of about 1 million- a must-read newspaper for businessmen & women.

IOST Partners with Coinbene Research Institute

On April 3, 2020, the Digital Assets and Blockchain Technology Research Institute, Coinbene and IOST reached in-depth strategic cooperation. The two parties will hand in hand explore blockchain technology innovation, brand building, government-enterprise cooperation, etc., to jointly create an open and win-win blockchain business ecosystem.

IOST Co-founder Terry Attended Jinse Finance Event in China

On March 25th, the Jinse Salon 46th “Application layer — scenarios and protocols” event hosted by Jinse Finance was successfully held online. IOST co-founder Terry was invited to attend the event and joined the guests to discuss the “blockchain application layer — scenarios and protocols” in depth.

In the event, Terry said: “The most important things for a blockchain project aren’t brand and data, but the protocol and ecosystem derived from the underlying technology infrastructure.” He also explained to the audiences which scenarios are most likely to capture value for the blockchain application layer and protocol layer, and how the main value of the blockchain is shifted from the application layer to the protocol layer.

IOST 2020 Q1 Contribution Rewards Distribution Now Completed

The IOST 2020 Q1 contribution rewards distribution of nearly 80 million IOST for IOST partner nodes and voters in the have been completely distributed.

For voters who cast votes via centralized institutions, the rewards are and will be distributed to the corresponding institutions. In addition, users who cast votes at BISS are suggested to transfer all votes to another decentralized voting channel as soon as possible, such as the IOSTABC browser, TokenPocket wallet, BEPAL wallet, etc.

Important notice: Upon multiple attempts of reaching out to BISS, IOST managed to communicate with the BISS team. Withdrawal is now reopened! Kindly withdraw IOST from your BISS account as soon as possible if you haven’t already.

Thank you!

Join The IOST Community!

With a mainnet that is one-year-old, IOST has swiftly risen to become a world-leading public chain renowned for its numerous government collaborations and enterprise partnerships around the world.

IOST’s Node Program is widely praised as one of the best staking programs globally by blockchain research institutions for its attractive returns, low risk and ease of use. To learn more and participate, please visit: https://www.iostabc.com/producers

If you would like to hang out with the IOST community, we have something for everyone:

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Zhen
IOST
Editor for

Senior Community manager, editor, and translator at IOST.