$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).