Starname IOV

FAQ's

How to stake IOV?

The IOV token is implementing the Cosmos SDK staking module, staking happens exactly as on Cosmos chain with ATOM.

To stake IOV, you Delegate your IOV to a Validator for a minimum Bonding period (3 days), and you earn the inflation rate proportionally to your amount at stake.

For the average user, the best way to stake IOVs is by delegating to one of the Validators of the Network.

You can delegate/bond your IOV in a single click within Ledger or Cosmostation Wallet.

If you want to reinvest your rewards, you have to manually claim them and delegate them again.

Please consider that withdrawing your funds from staking will take 3 days.

How much can i make staking IOV?

Rewards for stakers are being derived from Starname sales in the network. All proceeds are being redistributed to stakers.

The more starnames are being sold, the higher are the rewards for stakers.

There is no inflation rate at this point.

Every service fee paid for registering or managing a starname is redistributed in the reward pool and increasing the staking reward. From that side, the more names are bought, the more rewards are distributed. If you are interested in being a Name distributor, you can earn extra commission on every name transaction as well.

You can calculate your earnings in the IOV Staking Rewards Calculator or refer to this article https://medium.com/iov-internet-of-values/what-apy-will-the-starname-iov-blockchain-have-when-inflation-is-0-5d623c6f0a27

Is there any risk staking IOV?

Yes even by delegating IOV, the coins are at risk of slashing.

If the Validator misses blocks or tries to corrupt the network, the delegator holdings might get slashed.

Therefore it is very crucial to choose a professional and trusted Staking Provider.

What is IOV?

The mission of IOV is to make crypto assets more accessible to the main stream and facilitate general adoption.

The IOV token is the token of the Starname Network.

The Starname Network is built upon a Cosmos-SDK and functions as decentralized chain agnostic name service, allowing anyone to personalize their crypto address and use one single address for all chains.

It’s based on Tendermint Bonded-Proof-of-Stake (BPoS) Consensus.

Who is the team behind IOV?

The core team behing IOV is Antoine Herzog, Karim Ganem, Benjamin Simatos and Dave Puchyr

What is the initial token distribution of IOV?

The initial distribution is 65% sold to private sale contributors and 35% for IOV company, employee/cofounders, bounty and advisors.

The total number of tokens at launch is about 120m and growing with inflation.