IOST Contribution Reward System — Final Results
IOST’s Contribution Reward System for Q1 was from March 10th to March 31th due to mainnet launch, meaning payouts were for a 22 day period, with the next period of Q2 being for a full period of 91 days.
15 nodes successfully achieved Tier 1 status, earning the highest rewards equaling roughly $7000 USD (IOST/USD ref. april 10th) for a 22 day period. Pro-rated this equates to around $10,000USD per month and almost $30,000USD per quarter for each Tier 1 node.
In total, over 12.6M IOST tokens will be paid out to Nodes across all tiers and categories. Additionally, these rewards are only half of the quarterly reward payout, with nodes also receiving their “share of votes” rewards which are a total pay out of an equal amount of over 12.6M IOST tokens.
Final Node Tier Rankings
Following on from the release of initial Node’s Q1 contribution results & rankings and conclusion of the dispute period , all results, rankings and rewards are now finalized for Q1 and listed below (in no particular order).
Final Nodes and Rewards Per Tier
All contribution rewards and ‘share of votes’ rewards for the Q1 period will be paid out in full and automatically credited to each nodes account and their voters accounts (50% share) on Wednesday 24th April.
On Thursday 25th April, ICAC & IOST will hold a meeting for all nodes worldwide to summarize the Q1 contribution rewards system, presentation from Tier 1 nodes on their contributions and open feedback and discussion session for all nodes.
Q2 and Building the IOST & Node Ecosystem
After a successful main-net launch and Q1, we are hoping for an even more successful Q2 and increased contribution from Nodes as well as new nodes joining the ecosystem.
With very high potential rewards for nodes and their voters, we hope we have demonstrated the high value that building and contributing to the IOST ecosystem can have. With significant rewards, especially for Tier 1 and Tier 2 contributors, we hope to highly incentive nodes to keep contributing to the IOST ecosystem and achieve our goals of being the leading scaleable and decentralized public blockchain in the world.
For support and advice for specific initiatives from the IOST core team, please contact your local representative. Also, keep an eye on your Node discussion groups for requests for support in several upcoming initiatives run by the core team, these count to your contributions too!
To become a node, join the IOST ecosystem and start earning rewards please check out the Servi & Partner Node Registration Guide.
