IOST

FAQ's

What is IOST?

IOST stands for Internet of Services Token, which is the native currency of a blockchain infrastructure, which aim is to solve the scalability through Efficient Distributed Sharding (EDS).

How was IOST launched?

The entire supply of 21 mil. tokens has been minted during the Initial Coin Offering (ICO) Event.

The distribution of the tokens has been accordingly:

40% Token Sale

35% IOS Foundation

12.5% Community Building

10% Team

2.5% Investors & Advisors

Who is the team behind IOST?

The Launch of IOST was initiated by 6 Co-Founders and the team has now grown to over 50 members spread across Asia and North America.

How to stake IOST?

For the average user the best way to stake IOST is by voting for one of the Producers (Servi Nodes) in the Network.

50% of all Block and Ecosystem Bonus Rewards are shared with voters.

The Voting is easily done via the IOST Biss Dashboard.

Which network metrics do the rewards depend on?

The IOST inflation is set at 2% p.a. For the first year there is another ecosystem bonus incentive of additional 2% on top.

Effectively the staking yield always depends on the total number of voting participants.

Less voters = higher rewards. With the above metrics we track the current status only.

Is there a risk to stake ?

Staking IOST is safe as long you protect your private keys. There is no risk of slashing.

Can i redeem / change my vote?

If you wish to redeem your votes, it takes 7 days.

After redemption, you can vote again, trade or withdraw.

Note that the distribution of rewards will stop once you initiate the vote redemption process.

How often can i expect a reward?

The Block / Token Issuance Rewards are paid out daily and the Ecosystem Bonus Rewards are paid out quarterly.