The Most Complete Mainnet Launch To Date: IOST - Olympus v1.0 Has Arrived!
Olympus v1.0 is Now Live
Today, February 25, 2019, we are delighted to announce to the IOST community that the IOST Mainnet is officially live!
IOST is committed to creating an exceptional open source public chain infrastructure capable of high throughput and decentralization. Over the past year, IOST has consistently been at the forefront of GitHub code updates, providing regular technical progress reports to our community and achieving each milestone on the product roadmap on time or ahead of schedule. The IOST team is firmly committed to fulfilling the promises made to our community. We are working closely with IOST’s global community of developers to constantly test, evaluate and improve upon various aspects of the IOST platform including network performance, decentralization, security, developer-friendliness and user-friendliness.
IOST Mainnet Olympus v1.0 has successfully launched at 12 PM Singapore time today, 6 months ahead of schedule. Starting today, all community members can head to the IOST Github to download and access the official version of IOST Mainnet Olympus v1.0. Alternatively, you can also experience Olympus v1.0 through the IOST Explorer.
Starting 10 March, 2019 IOST will be the fourth usable public chain platform besides Ethereum, EOS and Tron. By virtue of our PoB mechanism, IOST is now the most scalable and decentralized public blockchain available for users and developers, and is able to support millions of users on the network.
Beyond technical development, IOST is fulfilling a multi-faceted and multi-sector global ecosystem strategy, which has taken shape after months of tireless planning and relentless execution. The launch of Olympus v1.0 is not only a milestone - it marks the beginning and opens a whole new chapter for the IOST ecosystem to write the future.
In 2019, with support from IOST’s global community members and hundreds of Node Partners, IOST aims to on-board a user base of over 100 million, lead the industry in developing top-tier blockchain applications, and unleash the potential of blockchain technology for the mass public around the world.
IOST Global Partners Program
In the past month following the launch of the IOST Partners Voting Portal, IOST token holders can participate in one-click voting for their preferred Node Partners, giving IOST token holders a voice in community governance. The Voting Portal is built to be simple, user-friendly, with no technical knowledge required to vote. Within 20 days, we received overwhelming responses from tens of thousands of community members who voted over 1 BILLION IOST to support their Node Partners.
As of today, close to 200 highly qualified candidates are participating in the IOST Partners Program, with approximately half of the candidates meeting the 2.1 million IOST vote requirements and are now formally Node Partners in the network.
Based on IOST’s PoB consensus mechanism, there is no supernode system or a limit on the number of Node Partners validating transactions on the network. All candidates whose votes successfully meet the minimum threshold of 2.1 million IOST can officially become IOST Partners and receive Partner Rewards. We aim to on-board over 500 node Partners in 2019 and build a valuable, thriving ecosystem for the IOST community.
IOST Early Bird Voting is still ongoing, and voters could stake ERC-20 tokens and vote. Starting Mar.10, 0:00 UTC, early bird voting will officially switch to Mainnet voting stage. Meanwhile, the application of candidates will remain open and the staked voting will continue on.
Community Governance Guided by ICAC
The IOST Core Arbitration Community (ICAC) initiated by IOST Pacific opens a new chapter in IOST community governance. As a third-party IOST core governance community, ICAC is responsible for the education and training on community governance. At present, ICAC has organized a number of online meetings with global Node Partners and community members totaling over 500 enthusiastic participants.
Bluehill - USD50 Million Incubator Supporting the IOST Ecosystem
Bluehill is a fast-growing incubator and accelerator under IOST, which is similar to what ConsenSys is doing for Ethereum. Bluehill is established in June 2018 following a successful new raise of USD50 million in funding. Bluehill aims to provide crucial backing for IOST industry partnerships and projects built within the IOST ecosystem.
To date, Bluehill has successfully incubated multiple well-known blockchain projects across network security, payment transfers, and content distribution etc. (For more information, please refer to: http://bluehill.net/)
Theseus - IOST-incubated R&D Team Dedicated to Technical Development on the IOST Network
Theseus is an IOST-incubated R&D team dedicated to pushing the boundaries in blockchain technology and paving the way forward for the global IOST developer community. Theseus’ shareholders include top institutional investors such as Sequoia Capital China, Matrix Partners China, ZhenFund and K2VC.
Theseus’ goal is to develop practical applications for consumers and companies in industries that can potentially be transformed by utilizing the power of the IOST blockchain. In the process of developing Dapps on the IOST blockchain, the Theseus team also aims to inspire and assist more developers, promoting the growth of the IOST blockchain developer community.
At the moment, Theseus is building a secret weapon for the IOST blockchain based application platform together with the IOST developer community. The platform will further lower the threshold for users to interact with the Dapps with no technical knowledge required.
Berm Protocol - IOST-Incubated Protocol and Application
Berminal is a crypto news app ranked in the Top 3 on the Overseas Google Play Store News List, with over one million total users and over 50,000 daily users. Berminal’s second product, Bermi, is a fast-growing content platform which hit one million users within one month of its product launch.
Berminal and Bermi are are strong supporters of the IOST Partners Program and actively assist our Node Partners with outstanding contributions in their marketing and promotional efforts. Berminal will continue to work with IOST to bring millions of users into the IOST ecosystems in 2019.
Addictive Gaming Dapps On the IOST Platform
IOST has partnered with multiple top-tier DApp developer teams to build truly playable DApps on the network. The first set of DApps will be released with IOST Mainnet launch. More high-quality DApps are also in the pipeline.
The first ever blockchain leisure competitive game platform in the world, Team Joy is a blockchain version of Glutton Snake that many players can play on simultaneously. Besides being addictively fun, users can also earn IOST and JOY tokens from playing Glutton Snake.
Realm X and IOST Game apply blockchain technology to the gaming industry to redistribute value to players.Realm X is a sandbox game built on the blockchain, where players from all walks of life are encouraged to create their own content in the game using their own imagination. All player creations are on-chain assets and eligible for subsequently generated profits.
Liar Game originated from a popular Japanese TV series and movie of the same name — Liar Game. Despite a simple game mechanism, Liar Game gives players significant room to exhibit devious and deceitful game maneuvers.
Cell Evolution is the first blockchain-based decentralized sandbox operation strategy game in which all players play a corresponding role in the cell population. Cell Evolution is not just a game, it’s a real-life social group experiment. Users play the role of a protocell, and countless roles for users will determine the common fate of the population.
Endless Game provides various games for players, ranging from simple decentralized games to more appealing strategic and RPG games and more. The system releases IOST dividends every day. Everyone wins at Endless Game!
On CryptoNinja, users play the role of a Ninja to invade castles of other users and robbing their treasure (Coins). Ninjas and Castles are securely tracked using blockchain technology, minimizing fraudulent activities for digital assets.
Secure and Reliable Decentralized Exchanges on IOST
DDEX, the largest decentralized exchange by market share on Ethereum, has developed a decentralized exchange for IOST and it will be launched in early March.
DDEX IOST is an IOST decentralized exchange based on Hydro protocol technology. It provides users with a better trading experience through the real-time chain-linking mechanism and secure chain settlement.
DDEX IOST’s settlement efficiency is 50 times that of existing decentralized exchanges, while still preserving the characteristics of existing decentralized exchanges: anonymous transactions, multi currencies (supporting transactions for all users holding IRC20 tokens) and no listing fees etc.
Cross-Chain Stablecoin - IOST iUSD
IOST iUSD is a cross-chain stablecoin issued on IOST. Dapps in the IOST ecosystem can use stablecoins to make transactions and transfers with low exchange rate fluctuations. Stablecoins pegged to multiple currencies will be officially released in mid-March.
iUSD stablecoin is issued by the Rate3, a protocol network and an IOST Node Partner, and provides users, financial institutions and enterprises to transfer digital assets seamlessly and reliably across IOST and other networks.
Major Wallet Partnerships on IOST
IOST has partnership agreements with multiple Wallet teams, who will provide easy and secure asset management services for users, thus delivering a friendly and powerful user experience.
TokenPocket is a multi-currency, multi-layer universal digital wallet with the largest number of active users on EOS. With the integration with Olympus v1.0, they will support IOST across multiple fronts, including technology development, DApp incubation and marketing promotion etc.
Cobo is the world’s leading wallet and asset management company. Cobo will set up a special fund focusing on IOST ecosystem building and DApp incubation within Cobo ecosystem. Cobo wallet will be integrated to the IOST Mainnet in Q1 2019.
Secrypto is a secure and user-friendly wallet with an intuitive interface. It is the first encrypted wallet to integrate multiple wallets and provide military-grade security along with the first ever “read-only” wallet function.
Huobi Wallet is a professional multi-currency wallet providing users with easy, secure and reliable digital asset management services based on the IOST network, as well as providing other Dapp experiences.
Trust Wallet is currently the leading mobile Ethereum wallet and was acquired by the Binance in 2018. Trust Wallet works with all ERC20, ERC223 and ERC721 tokens, which delivers a secure, reliable, and intuitive experience to users. Trust Wallet will integrate with Olympus to provide a seamless asset management experience for our users.
Monarch aims to create a powerful consumer, business and investment solutions ecosystem that is powerful, simple and easy to use.
Following IOST Mainnet launch, Magnum Wallet, which creates a lightweight and non-custody wallet, will start supporting IOST and will provide users with additional features such as built-in exchanges, billing support, voting, DApp market, and transaction tracking in the future.
Blockchain Explorers for IOST Users
BlockABC, the development team behind EOSPark which is one of the most powerful and feature-packed block explorers on EOS, is also creating a full-featured, user-friendly block explorer for IOST — the IOSTABC Explorer. Starting mid-March, community members can experience the blockchain explorer that that is extremely easy and intuitive to use, with close to zero technical experience required.
IOST Easy Explorer
IOST Easy Explorer is an simplified fast-search tool for IOST users. The minimalist browser will continue to explore and optimize the core functions, providing users with a simple block data search experience.
Proven Enterprise Use Cases using IOST Blockchain
IOST x Internet of Things (IoT)
The Civil Aviation Administration in China recently issued the “Regulations for the Trial Operations of Specific Types of UAVs (Provisional)”. The project requirements stated that in order to ensure the authenticity and effectiveness of the operating system data, technical methods such as digital signatures or blockchains must be used. These technologies are used to make sure operational data cannot be tampered with after encryption and authentication by third-party technology.
IOST has started collaborations with many unmanned aircraft companies in the aerospace industry. IOST’s strong technical advantages can significantly improve flight data integrity and effectiveness of data analysis.
At the same time, the National Aeronautics and Space Administration (NASA) of the Unite States has is publicly soliciting for blockchain technology solutions to address the challenges of model system engineering in aerospace. IOST designed and proposed a Product Management System (PMS) built on the IOST network, which supports the automatic creation, execution and complete verification of important data. Relying on IOST’s tech advantages, we believe NASA could significantly improve the efficiency of aerospace activities and reduce risks. Not only that, the PMS allows all authorized parties to verify data and improve operational efficiency through automated reporting and reliable verifications.
IOST x Charity
The trust of charity activities has always been an issue of social concern, due to donation scandals in the past. The openness,transparency and immutability enabled by blockchain technology can help the charity industry build a tamper-resistant information query system and enhance the transparency and rebuild people’s trust in charities.
At the moment, IOST is in cooperation with multiple charities. For example, IOST has partnered with social enterprise, Mantra, to help them record donation data onto the blockchain. By recording this data on an immutable ledger open to the public for their supervision, it increased the transparency in Mantra’s operations.
IOST will continue to explore similar charity partnerships and we are positive that the technology provided by IOST will help to rebuild the trust and confidence of the public in the charity sector.
IOST x Supply Chain
More governments around the world are calling for the application of blockchain technology to solve issues facing their countries, in particular for the areas of food security and provenance tracking. IOST is in the process of consulting with multiple government agencies aiming to use blockchain-based solutions to trace agricultural products.
More details will be released in the first quarter this year.
IOST x Finance
It is widely reported by financial analysts that blockchain technology has huge potential to transform finance and enterprise services. IOST is currently consulting with multiple finance companies and institutions for blockchain transformation projects.
IOST will carry out in-depth cooperation with relevant institutions in terms of solutions development in clearing, settlement, auditing, and payment transfer in 2019.
Mainnet Token Swap and Voting
IOST is working with major crypto exchanges for the Mainnet token swap, including Huobi, Binance, OKEx, BISS, Bithumb, Upbit, Bittrex, Bitfinex and more. Specific rules will be released soon.
Starting mid-March, users can do token swap through IOST official channels or on various exchanges. User can also interact with the IOST ecosystem through our wallet partners.
In addition, more third-party platforms such as exchanges and wallets will start supporting IOST’s Mainnet voting, and users can vote directly for Node Partners through these platforms and receive ecosystem rewards. Users are advised to adhere to the rules of the third-party voting platform you are using.
Thank You For Your Support
We truly appreciate the consistent support and trust of every community member who have been standing beside us throughout the ups and downs of the market. It’s you who have given us the motivation to achieve these milestones, and the IOST team will continue to work for you with full passion and commitment.
We believe that in 2019, under the combined efforts from the team, IOST Partners and community members, IOST will open a new chapter and help to write the future of blockchain for generations to come.
Olympus v1.0 is just the beginning.