Apr 15, 2019
IOST: OASIS Launch, Token Buyback and Lock-Up Program, iUSD Stablecoin Starting This Month, ARPA, EHang and Civil Aviation Administration of China (CAAC) Strategic Partnership
Biweekly update 1st April — 15th April
This is not financial advice.
During the last two weeks IOST illustrated high social activity in media landscape as usual. No doubt IOST Foundation has steadily made progress toward its roadmap. Thus, ‘Secret Weapon’ for Foundation was introduced. OASIS helps to reduce barriers to Dapp access, so that those who don’t understand wallets or blockchain technology can participate in the IOST ecosystem to use DApps. In addition, the OASIS platform solves the problem of resource consumption as well as ensures the fairness and transparency of transactions. To continue, noteworthy is the Token Buyback Program aimed at reducing the supply of IOST tokens in public and private markets, injecting more funds into the IOST ecosystem, while also compounding the growth effects of increased token utility following the Mainnet and dApp launches. It works in unison with the IOST Foundation Lockup Program and all foundation tokens will remain locked up throughout 2019. Finally, IOST stablecoin — iUSD will be issued on the IOST blockchain this month. The iUSD stablecoin gives fiat money users outside of the crypto industry a new market option to directly join and use IOST blockchain network. The project starts to take off. Stay tuned for IOST Foundation updates in the coming weeks!
Development
OASIS helps to further reduce barriers to Dapp access, so that those who don’t understand wallets or blockchain technology can participate in the IOST ecosystem to use DApps.
OASIS team strives to bring blockchain technology to the daily life of users and continues to explore the real-world use of various applications. The OASIS platform not only solves the problem of resource consumption, but also ensures the fairness and transparency of transactions.
Through OASIS, users accessing the IOST network will no longer need to struggle with various technical challenges and can access Dapps with ZEROtechnical barriers:
- Exemption of account registration and keeping of private key
- Eliminate resource consumption
- Fair, transparent and non-temperable transactions
- Verifiable game fairness
- Easy and smooth DApp transfer
OASIS is breaking down the barriers to public Dapp adoption by doing away with complicated technical mechanisms needed to access Dapps.
OASIS allows everyday users to use Dapps and access the blockchain as part of their daily lives, without realizing that they are in fact, on the blockchain. Technology is at its very best, when it is invisible.
Games ecosystem
Users are advised to use your own discretion. TransformRedPacket is a PvP strategy game allowing you to guess red packet amounts and win $IOST.
TransformRedPacket website: https://bbhb.lxkee.com:8080/
TransformRedPacket Telegram group: https://t.me/TransformRedPacket
IOSTPlay is excited to officially announce that its platform is live in private beta on the IOST blockchain. IOSTPlay is a next-generation digital gaming platform. Its team brings decades of experience in both game development and blockchain technology to IOST.
IOSTPlay will reward the players and investors who comprise its community through an abundant profit-sharing mechanism. Profit from the games are distributed to iPLAY token holders who stake their tokens. This profit will be distributed to iPLAY holders once they finish testing their dividend contracts.
A fixed number of 10B iPLAY tokens were minted in a one-time token generation event that occurred on 24/03/2019.
Unlike other tokens that are permanently fixed or even inflationary, iPLAY is deflationary, meaning that the total supply will decrease over time. This will primarily be achieved through iPLAY betting, whereby all iPLAY tokens accrued by the house will be burnt. The platform may also hold controlled burn events at the team’s discretion.
Token Mining
In order to incentivise platform activity and reward players, IOSTPlay will be offering a comprehensive behavioural mining system. The figures behind this system have been well-researched in order to reward early investors/players while avoiding significant token price volatility in the future.
Its mining system is now live. Receive 1 iPLAY for every 5 IOST bet.
Official Beta Launch
IOSTPlay is live now on the IOST blockchain. You may invite other players to the site using your personal invitation link, which can be found once you are logged in. You will receive 10% of the iPLAY mined of each user who uses your invitation link
Games
- Dice, the most popular cryptocurrency betting game
- Limbo, a fast-paced, thrilling game of unpredictability
- Ring
See also:
Social encounters
Despite being a small island nation with a population of just 5.6 million people, Singapore is still a thriving fintech capital. In fact, it has over 400 fintech firms and international financial institutions including Wells Fargo, Citigroup, DBS Bank, and MasterCard.
According to the Singapore Department of Statistics, the number of tech startups in the country increased from 2,800 in 2003 to 4,300 in 2016.
In 2017, Bain & Company also found that the number of recorded venture capital deals rose to 524, quadrupling the number recorded in 2012. And, private equity deal value increased by 75 per cent to US$15 billion.
This venture capital interest in the technology sector has led to a gradual maturing of Singapore’s tech ecosystem, which now gives a reason for venture capital funds to expand more aggressively into more emerging technologies, such as blockchain projects.
Just recently, BlockVenture Coalition — an alliance of venture capital funds and talent across universities in the US — partnered with Sutler Ventures, a node of the Singapore-based Internet Of Services Token (IOST) blockchain network to fund and support projects on the IOST ecosystem.
IOST is also working with prestigious fund groups including NEO Global Capital, Spartan Group, and Bizantine Capital, to put Singapore on the map for blockchain enterprise.
See also:
- Inside IOST #7: IOST Price Climbing! + Are IOST Account Names the Next Domain Names?
- The IOST Podcast (ep3) — Kakao, BlockGroup Invests, and MORE!
- IOST Resources Explained: iGas and iRam
- Inside IOST #8: The Secret Weapon Revealed! + Self Piloting Drones + New IOST Payment Cards
Finance
$IOST is now the 4th most used DAPP platform/blockchain with $ETH, $EOS and $TRX. With over 200k main net accounts in weeks, IOST is growing faster than ever.
Token Buyback Program
Off the back of strong profits arising from IOST-related businesses (B2B project collaborations and profits from incubated projects) in 2019, which substantially exceeded internal company estimates, IOST plans to channel these excess funds towards executing Token Buyback Exercises across 2019 and 2020*.
Foundation Lockup Program
The Token Buyback Program is underpinned by the IOST Foundation Lockup Program. Foundation ecosystem tokens (except for partner node rewards, developer rewards, rewards used for marketing) will continue to be locked up throughout the year 2019.
Magnifying Value Creation For The IOST Ecosystem
Together, the Token Buyback Program and Foundation Lockup Program are expected to:
- Reduce the supply of IOST available in both public and private markets,
- Bring excess capital and fund inflows into the IOST ecosystem
- Compound the growth effects of increased token utility following our mainnet + Dapp launches.
Post-Mainnet — IOST Enters Hockey Stick Growth Trajectory
IOST is now officially the big 4 public chains alongside Ethereum, EOS and Tron, and is also the fastest growing blockchain network within the Big 4.
Underpinned by IOST’s unique Proof-of-Believability consensus mechanism, IOST is also the first ever scalable AND decentralized public chain solution, which differentiates it significantly from DPoS projects in the market.
The growth of IOST had been fast and furious since its mainnet launch. In just over a month, as of 1 April 2019, IOST has grown rapidly and are hitting multiple major growth milestones:
- Launched close to 10 Dapps, with Endless.Dice breaking into Top 3 Dapps globally,
- Supported by over 200 Nodes,
- On-boarded over 100,000 Accounts,
- Recorded over 20,000,000 on-chain transactions,
- Sealed multiple enterprise partnerships, to be announced.
BlockGroup, a company that seems to have $200 million under management, informed that they are interested in IOST. Kevin Hsu, the founding partner of the company, explained that they had been impressed by the performance of the project.
BlockGroup has also invested in the project and it brought IOST tokens to the market. Moreover, the fund will also be sharing its expertise to help IOST developers manage assets and built an ecosystem.
IOST has already implemented sharding in order to separate nodes into smaller consensus groups. This would allow them to handle more dApp transactions and also higher speeds. The founder of IOST, Jimmy Zhong, said that they will help the blockchain become widely available to businesses and also consumers.
The firm has received $50 million in funding from startup incubator Bluehill. At the same time, they have also partnered with other firms, including Huobi or CoinGecko to build and develop the IOST ecosystem.
IOST stablecoin — iUSD will be issued on the IOST blockchain starting this month. iUSD supports a stable token swap solution pegged to USDC and TUSD, with USDT support to be added in the near future.
Developed by Rate3, a Node Partner in the IOST ecosystem, iUSD stablecoin uses a frictionless token swap solution that allows IOST users access to the deep liquidity available globally on USDC, TUSD and other ERC-20 stablecoins. This token swap solution has the added advantage of interoperability and gives users a platform to seamlessly and reliably transfer value between the IOST network and other blockchain networks. This solves a long-running problem relating to non-ERC-20 stablecoins, which is the lack of liquidity.
Access Over USD450 Million In Global Liquidity With USDC and TUSD
USDCoin (USDC) is the second largest stablecoin globally with a market cap exceeding $250 million. USDCoin is pegged 1:1 with the US Dollar and can be exchanged into fiat with Coinbase and other exchanges. USDC gives transparency into its USD holdings with funds being held in a special account that is constantly monitored and audited. USDC, which is developed by the CENTRE consortium, operates within the United States regulatory framework and are in partnerships with multiple banks and audit firms.
TrueUSD (TUSD) is the third largest stablecoin globally with a market cap worth approximately $200 million. TUSD is a stablecoin launched by TrustToken, a tokenization platform backed by Stanford-StartX, Founders Fund Angel, FJ Labs, and BlockTower Capital. The company has developed a legal framework for collateralized cryptocurrencies and 1:1 USD redemption mechanism in collaboration with a network of fiduciary, compliance, and banking partners.
With support for USDT in the works, it is expected to substantially enhance the existing IOST ecosystem, and provide significant liquidity for users using decentralized exchanges built on IOST. The iUSD token swap solution also gives investors and Dapp users an additional, fuss-free gateway to easily buy, hold and use IOST tokens.
Attracting Users From Other Networks To IOST Through Stable and Seamless Value Transfers
There is huge untapped potential in the existing stablecoin markets, with little to no activation being done to attract ERC-20 stablecoin holders into rapidly growing blockchain networks like IOST.
A gateway providing deep liquidity and seamless value transfers not just benefit our existing users, but will also be a channel to attract users from other blockchain networks into the IOST ecosystem to buy, sell, trade and even utilize Dapps via a frictionless and stable token swap solution.
At the same time, the iUSD stablecoin give fiat money users outside of the crypto industry a new market option to directly join and use IOST blockchain network. With crypto penetration still in its early days, iUSD lowers the barriers for IOST in attracting new, fresh participants into our network.
A Large Scale Ecosystem Development Strategy Under Execution at IOST
It has been just over one month following the launch of Olympus v1.0, IOST’s mainnet. In this short period of time, IOST has swiftly rose to become one of the global Big 4 public chains, with only Ethereum, EOS and Tron having executed more transactions than IOST to date. The IOST ecosystem continues to grow at an exponential rate, and at time of writing, more and more users are joining the IOST network with a rate of over 15,000 wallets being created per day.
This is no accident — the IOST Foundation had been strategically planning and executing on a large scale ecosystem development strategy that is designed for IOST to eventually emerge as the winner in the crypto race. We expect the rapid network growth to continue as we both broaden and deepen the IOST ecosystem.
The iUSD stablecoin will give secure, reliable fundamental value to all IOST usage and digital assets within the ecosystem. It will play a key role in stabilizing the ecosystem value, while being a growth catalyst for new users and capital to flow into IOST from other networks.
- Huobi Wallet free account
IOST BEST node triples the daily reward of voters! It was x2 — and now it’s x3!
On April 9, 2019 IOST.BEST Node launches a system for rewarding IOST network members who vote and hold their votes with IOST.BEST Node, that TRIPLES (x3) the daily rewards of the voters!
Time period of the special offer: April 9, 2019 — April 30, 2019 (at the discretion of IOST.BEST node, the timing of this special offer can be extended).
Description of the special offer:
IOST.BEST Node TRIPLES (x3) the daily reward of all who votes for and holds their votes with the IOST.BEST Node. Now you don’t need to worry about the fact that during the transfer of votes, you do not earn anything during the 7-day period of tokens defreeze.
After the end of this special offer, the “x2” offer will continue to be in effect.
Voters will continue to receive a double daily reward and will participate in the drawing of the main prize “ 20% of the total rewards accumulated in the period from May 26, 2019 to August 25, 2019” (see more info here — http://bit.ly/2G0tOss)
Who can participate:
- IOST users who voted for IOST.BEST Node in the period from April 9, 2019 to April 30, 2019.
- IOST users who gave their votes for IOST.BEST Node before April 9, 2019.
Example calculation of rewards:
1. The total number of votes cast by users for all nodes = 2 billion IOST
2. Number of votes cast by IOST network user for IOST. BEST node = 100 000 IOST
Calculation:
105 mio / 2 billion = 0.0525 IOST per year a node gets for 1 vote received
(0.0525 / 365 days) * 1 (days) = 0.0001438 IOST per day for 1 vote received
0.0001438 * 100 000 (number of votes cast by the network user) = 14.38 IOST (the daily reward of the voter)
14.38 * 3 (IOST.BEST Node triples your daily reward) = 43,150 IOST per day you get by voting for IOST.BEST Node
Payment of reward:
The reward for the day is paid on the next calendar day, after the node receives IOST rewards for its votes. The transfer of the daily rewards to the voters is done before 11.00 PM Moscow time (UTC — 3 hours).
Roadmap
What’s next?
- The Oasis Platform is to be released
Partnerships and team members
The IOST Foundation is pleased to announce its partnership with DappBirds, a data anlaytics platform for Dapps. Today, DappBirds officially launched an exclusive IOST section.
DappBirds website: http://en.dappbirds.com/explore/
DappBirds will collect data and information on all Dapps built on IOST, and will work with the IOST Foundation to serve IOST ecosystem users worldwide, providing users with a one-stop Dapp analytics platform.
DappBirds covers Dapps on the mainstream public chains in a timely manner, and lists them according to user activity, transaction amount and other criteria, help users to uncover the most valuable Dapps.
In collaboration with iBank Digital and Pundi X, IOST powers the release of 10,000 Limited Edition Cao Jun Digital Gift Cards, which are based on three of Cao Jun’s paintings “Purple Pavilion and Cyan Cloud,” “Once in a Millennium,” and “Spring’s News.”
The legality and security of the source of artwork will be stored in the blockchain by IOST technology, greatly reducing the possibility of theft and also provides authentication means for the artwork.
Cao Jun is a Chinese artist currently residing in New York City. Cao Jun’s core philosophy is that nature and humanity can co-exist harmoniously in order to bring human beings closer to nature.
iBank Digital Asset L.P. (“iBank Digital”), based in Vancouver, Canada, is a world leader in the facilitation and underwriting of crypto trading supported by Huobi Cloud and lending through the first open decentralized global lending network. They connect financial institutions and high net worth clients, providing the most convenient, secure and fast trading interfaces and systems and intuitive and efficient new trading platforms for our global digital currency users. www.ibankdigital.io
Pundi X bring its payment ecosystem — the XPOS, XWallet, and XPASS — to even more consumers and businesses across the world. We have been deploying our blockchain-based point-of-sale (POS)solution and solidifying partnerships with governments, payment companies, and retailers. Together, we will achieve fast-paced growth. Pundi X ( NPXS) trades on Huobi, Binance, and other Crypto Exchanges in the market.
In this public-private partnership with the Civil Aviation Administration of China (CAAC), IOST will work alongside EHang, one of the world’s largest UAV players, to deliver a secure and reliable data management system for (CAAC) using blockchain to ensure that sensitive operating system data are encrypted, authenticated and cannot be tampered with by third parties.
ARPA provides privacy protection and computation security on the IOST public chain as a Layer 2 solution. Using secure multi-party computation technology, it offers safe private data transferring solutions based on crypto computation and blockchain for IOST business and customer clients, and through this, will greatly promotes IOST public chain construction and ecosystem globalization. In-depth technology cooperation and community ecosystem development will be carried out in the near future.
Developers on IOST will be able to easily access to ARPA secure computation network to conduct DApp development with user privacy guaranteed. This privacy layer sets the foundation for MNC clients to use IOST in building secure and efficient enterprise systems.
In the short term, ARPA’s focus will be on private data sharing on a business level, such as multi-party joint credit reporting and joint KYC in financial sector, multi-source data joint risk control and sensitive information query in insurance and big data sectors. From a long-term perspective, ARPA will work hand in hand with IOST to promote commercial development in areas like finance, marketing and healthcare on a business and in areas such as secure management of personal data and liquidation and distributed-wallet KMS on a customer level.
*ARPA is dedicated to providing enterprise and individual users with private computing ability and secure solutions for data transfer.
As a layer 2 privacy solution, ARPA will equip blockchains with a privacy-preserving option for developers to build secure enterprise systems and highly efficient Dapps on private smart contracts. With ARPA network, enterprise and individual data can be analyzed and utilized without being exposed to anyone.
ARPA’s Multi-party Computation technology supports secure data market, financial risk control, targeted marketing, credit score calculation and even liquidation of personal data.
A rich Dapp ecosystem is key to the success of IOST. As such, IOST makes it easy for developers to build and launch Dapps on IOST using Javascript smart contracts. The Foundation also invested in the OASIS team to build a solution that makes accessing Dapps simple with no technical barriers. In addition, IOST has reached partnerships with multiple Dapp ecosystem platforms, providing more exposure and user acquisition opportunities for developers building Dapps on IOST.
With partnerships already established with DappReview, DappCC, DappX and DappBirds, IOST has entered into a new partnership with DAppTotal, a leading Dapp data service platform. We are happy to announce that following this partnership, DAppTotal has now launched an exclusive IOST section.
DAppTotal Exclusive IOST Section: https://dapptotal.com/iost
Users can look up for Dapp rankings with different criteria under each category, including Users 24H, Transactions 24H, Volume 24H, Users 24H, Transactions 24H, Volume 24H, Balance, etc.
On a single Dapp page, line charts of DAU, Volume, Balance, Transactions and other key information in one week or one month are presented. Users can see detailed information at a glance, and learn about various IOST Dapps quickly and easily.
Rumours
No updates
Social media metrics
The charts above show the increase in the number of Telegram and Medium followers.
The graph above shows the dynamics of changes in the number of IOST Facebook likes, Reddit subscribers and Twitter followers. The information is taken from Coingecko.com.
