OKCoin Japan To Launch IOST Staking Activity with Up to 8.88% APY
Recently, Japan’s leading compliant exchange, OKCoin Japan, announced the “Stake IOST & Earn” staking activity, which will take place in January 2022. OKCoin Japan clients will have the opportunity to stake IOST one click and earn more IOST with up to 8.88% APY. Mid-term or long term, there will be something for you!
See OKCoin Japan’s official announcement about this event here.
Event Details
Starting in January 2022, OKCoin Japan will provide three IOST Staking Pools to its clients:
- Flexible: Stake IOST with no lock-ups and earn up to 1.88% APY;
- 30 days: Stake IOST for 30 days and earn up to 5.88% APY;
- 60 days: Stake IOST for 60 days and earn up to 8.88% APY;
- Minimum stake: 1000 IOST
- Maximum stake: There are no limits for the Flexible and 30 days pools; there is a 1 million IOST limit for the 60 days pool.
- Staking rewards shall be distributed to the user’s account on a daily basis.
- More information is to be determined by OKCoin Japan.
Notes:
- The APYs and limits are not definitive and may change.
- Prior to the event's official launch, the final details and rules will be posted on OKCoin’s official website.
Disclaimer
Translations of any materials into other languages are intended solely as a convenience to the public. We have attempted to provide an accurate translation of the original material, but due to the nuances in translating to another language, slight differences may exist. OKCoin Japan is a third-party centralized exchange and the information provided here does not constitute any investment advice. Please research carefully before making any investment.
IOST x OKCoin Japan Milestones
In September 2021, OKCoin Japan officially listed IOST, which became its 8th compliant currency with yen trading pairs.
In November 2021, OKCoin Japan officially became a member of the IOST Node Ecosystem with a Servi Node status as the next step to strengthen the partnership with IOST. At the same time, it became a strategic partner of IOST in Japan.
About OKCoin Japan
In March 2020, OKCoin Japan submitted an independent application, successfully passed the various audits of the FSA, and officially obtained a compliance license. With this, OKCoin Japan became the first and only digital asset exchange recognized by the FSA of Japan through independent application among the world’s leading exchanges.
OKCoin Japan is committed to establishing a compliant and operational trading platform that complies with the Japanese regulations and meets the relevant legal requirements, including:
- The settlement of funds in Japan,
- The guidelines issued by the FSA,
- The industry’s rules formulated by the Japan Cryptocurrencies Trading Platforms Association.
Obtaining the license was not the only requirement to achieve. OKCoin Japan’s team has continuously improved its business plans and processes following the regulatory requirements from the FSA. At the same time, they had improved safety and operational efficiency in all aspects and strictly implemented measures such as complete KYC of the clients’ background and funds, trust preservation of client assets, and real-time monitoring of transactions and capital flows.
Offering spot trading services is only the first step for OKCoin Japan to provide compliant services. In the future, it will further apply for various licenses from the FSA to provide users with various financial services, including derivatives trading, digital asset management, and corporate financing.
About IOST
There are only 38 compliant digital assets as of now in the Japanese market, bringing IOST one of them. IOST is OKCoin Japan’s 8th compliant asset with a yen trading pair. This fact shows that IOST has achieved remarkable progress in compliance in the global market and proves that investors highly recognize IOST in the strictly regulated Japanese market.
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:
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