Hermes 2.0 is Officially Live and Open Source! IoTeX Follow Apr 24 · 4 min read

This is Part 1 of IoTeX’s Mainnet GA announcements. Throughout May 2020, we will share other components of Mainnet GA, including new tokenomics, governance, and technology. For more on Mainnet GA, visit the IoTeX Forum.

Introduction to Hermes

Hermes (hermes.to) is a smart contract-based rewards distribution system developed by the IoTeX Foundation (core-dev). Over the past few months, Hermes has been greatly enhanced and is better than ever. Today we are excited to announce that Hermes 2.0 is officially live and open source!

Hermes 2.0 is a win-win for both Delegates and voters, automating daily rewards distribution for Delegates and delivering a transparent history of all reward payments for voters. In this blog, we share the features of Hermes 2.0, as well as an overview of how the technology works.

New Hermes 2.0 website: https://hermes.to

Hermes Features

Hermes is a trusted, transparent, and automated tool that is beneficial for both Delegates and voters. Hermes uses smart contracts to automate manual (and error-prone) processes for Delegates, which is also beneficial to voters as the actions/results are open and verifiable. Best of all, Hermes is 100% free! Note: Hermes Delegates have a ‘Hermes’ badge on the voting website.

For Voters

Never worry again if your Delegate paid the right amount of rewards again! All Hermes transactions (i.e., your rewards payments) are open and trackable for easy rewards monitoring and peace of mind for voters:

Personal rewards history : enter your IoTeX address to see your full history of reward distributions from Hermes Delegates; you can also enter a Delegate’s name to see a paginated list of all of their distributions

enter your IoTeX address to see your full history of reward distributions from Hermes Delegates; you can also enter a Delegate’s name to see a paginated list of all of their distributions Rewards forwarding service : if you would like your rewards to go to a different IoTeX address than the one you used to stake/vote, you can use our service to forward rewards to another account.

if you would like your rewards to go to a different IoTeX address than the one you used to stake/vote, you can use our service to forward rewards to another account. Other feature requests? We want to hear from you! Let us know on Telegram or email zhefeng@iotex.io.

For Delegates

Using Hermes, Delegates can automatically claim, calculate, and distribute rewards (based on a Delegate’s chosen reward distribution %s) to all of their voters on a daily basis. Hermes is free for all IoTeX Delegates — register today by following the simple instructions below: