Hello, and welcome to our regular recap of all things IOST! This article contains news and updates that happened within the IOST ecosystem over the past two weeks. But before going deeper into details, let’s have a quick overview of what was up recently!
It was announced that Allswap, a new IOST DeFi portal is to be launched soon. More precisely, Allswap is a public chain Swap product portal developed by the IOST partner node Lichang, which is expected to be launched in Q3 2020. It will give an opportunity to connect to any IOST DeFi project, and pump traffic into IOST DeFi products with Lichang’s huge community and provide all Swap users with market data, such as the total amount of capital in pools, the exchange rates, and newly launched tokens, as a one-stop solution to all Swap needs. As for the tech updates, the team proceeded with analyzing the DeFi projects and the main future directions, support of the community DeFi development team, answering questions, and determining the DeFi plan. Additionally, they fixed some API stability issues and performed the node’s technical communication for access and exit.
Furthermore, according to the roadmap, IOST is moving towards a vast expansion in DeFi. On August 10, 2020, IOST has established a million-dollar special fund, Noah Oracle, to support and incubate emerging DeFi projects. The IOST Foundation takes another big step in launching a new incentive plan — the DeFi Incentive Program 2.0 — an $USD 6 Million-Fund to give a further boost to the continuous innovation of DeFi on IOST. Now, the total fund dedicated to IOST DeFi projects has increased to $USD 7 million now! By the way, RAMP DEFI is the first project to be a part of the Noah Oracle Fund. At the initial stage, the IOST foundation shall support RAMP in terms of the technical development of smart contracts powering the staking, minting, and liquidation functions and ensuring that these smart contracts are secure for use IOST community. With RAMP DeFi’s innovative approach, IOST users can now leverage from the RAMP DEFI platform to unlock liquid capital from staked IOST without giving up their attractive IOST staking rewards.
Moreover, Aegis DeFi partners with IOST to improve scalability and user data privacy protection. Aegis uses a proprietary AI-powered credit scoring algorithm to assess users’ creditworthiness based on the data provided, and assign an “Aegis Score” to each user, similar to traditional risk profile assessments. Shortly, with IOST’s technical support and the application of IOST’s “Proof of Believability” PoB Consensus algorithm, it will help optimizing Aegis DeFi’s scalability performance, user data privacy protection, speed of transactions as well as validation of users’ “Aegis Score”.
Apart from the updates mentioned above, IOST officially won the number 1 spot against five other popular blockchain projects Tezos, Ontology, Enjin, NEO & Qtum, all of which have active Japan-based community members and talented developers, in the popular coin voting event. The contest took place from July 16 to August 16, 2020 and was organized by Huobi Japan/co-hosted by HashPort.
As well as IOST Ecosystem, the IOST Community continues to grow in social networks and chats. That’s all for today — stay with us for more!
Development
Allswap — a public chain Swap product portal developed by the IOST partner node Lichang, is expected to be launched in Q3 2020. Swap products on the IOST public chain are under planning and Lichang will also provide services such as liquidity pools and decentralized transactions for the IOST DeFi Ecosystem.
Here are some features of Allswap in the future:
- connect to the IOST wallet to provide wallet services for IOST users
- connect to any IOST DeFi project, and pump traffic into IOST DeFi products with Lichang’s huge community
- provide all Swap users with market data such as the total amount of capital in pools, the exchange rates, and newly launched tokens, as a one-stop solution to all Swap needs.
A. Technical Ecosystem
[Development]
- Analysis of the DeFi projects and the main future directions
- Support the community DeFi development team, answer questions, and determine the DeFi plan
- Fix some API stability issues
[Operation and maintenance]
- Performed node’s technical communication for access and exit
B. Community Growth & Mainnet Statistics
Any .NET developers who are interested to build on top of IOST blockchain can now use the Sonata IOST .NET SDK
Social encounters
General Ranking is up 1 spot to #3 from the previous ranking, & we remain #1 in Basic tech among 37 top public blockchains.
In the popular coin voting event, from July 16 to August 16, 2020 organized by Huobi Japan/co-hosted by HashPort, IOST officially won the number 1 spot against 5 other popular blockchain projects Tezos, Ontology, Enjin, NEO & Qtum, all of which have active community members and talented developers in Japan.
- IOST Coin has the BEST chance to change the DeFi game in 2020 by BitBoy Crypto
Learn about the latest IOST news and why the IOST coin is poised to moon. This IOST review will detail everything you need to know about this up and coming DeFi crypto project.
Upcoming events:
- Aug 14, 2020 — Aug 30, 2020 — IOST NFT 3rd Event- Get your “iDeFi” NFT Badge Now. Only 1000 iDeFi badges are available for 1000 IOST global fans. ACheck out how to collect your NFT badge for free with the instructions via the link above.
Finance
IOST creates a global developer-friendly DeFi ecosystem with zero thresholds for users. High potential products such as PowerDeFi, IOST DEX, and otbTRADE have been launched in the IOST ecosystem. On 10th August 2020, to further foster the growth of the IOST DeFi ecosystem, IOST has established a million-dollar special fund, Noah Oracle, to support and incubate emerging DeFi projects. The IOST Foundation takes another big step in launching a new incentive plan — the DeFi Incentive Program 2.0- an $USD 6 Million-Fund to give a further boost to the continuous innovation of DeFi on IOST. The total fund dedicated to IOST DeFi projects has increased to $USD 7 millions now!
Citadel.one is a non-custodial Proof-of-Stake platform for the management and storage of crypto assets. In the initial release, users can create public addresses for all supported networks, including IOST with one seed phrase, connect their ledger or trezor device, or import an address generated by another wallet.
- Sonata now provides an extra option to create an IOST account via Token Pocket Activation code
Sonata is a IOST Candidate Node within the IOST network ecosystem. It is dedicated to promote IOST and educate more peoples of its blockchain technology via various social media platform.
Roadmap
According to the recent roadmap update:
For the second half of 2020, IOST will fully explore the DeFi ecosystem. At the same time, IOST will continue to work on the Nodes Program, DApp ecosystem, cross-chain technology, implementations, compliance development, cooperation with government & enterprises, community expansion, and work with industry practitioners to jointly promote the construction, development, and growth of the blockchain ecosystem.
Q3:
- Implement and optimize IOST on-chain governance mechanism
- Implement and apply IOST cross-chain technology
- Explore DeFi, complete and land at least three DeFi applications
- Launch top IP series dapps
- Optimize the ecological mechanism and layout of partner nodes
- Expand the Community plan V2, optimize the core community structure
Q4:
- Complete compliance process in Japan, South Korea, the US, Singapore, Vietnam and other countries
- Utilize zero-knowledge proof technology for user privacy improvement
- Expand cooperation in blockchain business between at least five top global enterprises
- Cooperate with traditional industries in NFT deployment
- Build a richer partner node ecosystem
- Build community KOL matrix in 20+ countries around the world
Partnerships and team members
RAMP DEFI is the first project to be a part of the Noah Oracle Fund, a special fund dedicated to incubate and foster the growth of emerging DeFi projects on IOST. At the initial stage, the IOST foundation shall supports RAMP in terms of the technical development of smart contracts powering the staking, minting, and liquidation functions, and ensure that these smart contracts are secure for use by the IOST community. With RAMP DeFi’s innovative approach, IOST users can now leverage from the RAMP DEFI platform to unlock liquid capital from staked IOST without giving up their attractive IOST staking rewards. Read more in the article above!
Introduced by CryptoDiffer Partner Node, popular media channel Generation Crypto officially joins the IOST’s rich node ecosystem as a partner node. The IOST foundation is thrilled to onboard a new and engaged partner node like Generation Crypto (G.Crypto) to grow the awareness and adoption of IOST. G.Crypto’s mission is to create engaging content on social media to connect projects to their ever-growing audience of thousands of international investors. As IOST’s partner node, G.Crypto will deliver all major announcements of IOST in an engaging, curated format within their community in a timely manner.
Aegis uses a proprietary AI-powered credit scoring algorithm to assess users’ creditworthiness based on the data provided, and assign an “Aegis Score” to each user, which is similar to traditional risk profile assessments. In the near future, with IOST’s technology support and the application of IOST’s “Proof of Believability” PoB Consensus algorithm, it will help optimizing Aegis DeFi’s scalability performance, user data privacy protection, speed of transactions as well as validation of users’ “Aegis Score”.
Other
