Since the launch of mainnet on February 25, IOST has been experiencing rapid growth in the number of DApps, mainnet accounts and transactions.

According to statistics on Tokenview, since April 11th to date, IOST mainnet has started processing more transactions than Ethereum, with the gap widening everyday.

Although it has only been seven weeks since the launch of its mainnet, IOST ecosystem growth rate is substantially higher than its Big 4 peers in their respective corresponding periods post-mainnet. Multiple DApps continue to be launched online every week on IOST, with new users and accounts growing rapidly.

From April 19, 2019 IOST.BEST Node prolongs for an indefinite period the system of triple rewards of members of the IOST network who vote and hold their votes on the IOST.BEST Node.

IOST.BEST Node TRIPLES the reward of all who voted for and hold their votes with the IOST.BEST Node.

IOST users who voted for IOST.BEST Node in the period from April 19, 2019, and also network users who gave their votes for IOST.BEST Node before April 19, 2019 can participate.

Example calculation of reward:

The total number of votes cast by users for all nodes = 2,5 billion IOST

Number of votes cast by IOST network user for IOST. BEST node = 100 thousand IOST

105 m / 2,5 billion = 0.04 IOST per year a node gets for 1 vote received

(0.04 / 365 days) * 1 (days) = 0.0001095 IOST per day for 1 vote received

0.0001095 * 100 thousand (number of votes cast by the network user) = 10.95 IOST (the daily reward of the voter)

10.95 * 3 (IOST.BEST Node triples your reward) = 32,87 IOST per day you get by voting for IOST.BEST Node

The above calculation is made as of April 18, 2019, please note that the numbers can vary depending on the amount of the total votes.

The reward is paid on the next calendar day for the previous one after the node receives IOST system rewards for votes. The approximate date of sending the reward is before 11.00 PM Moscow time (UTC — 3 hours).

*IOST.BEST Node reserves the right to cancel the x3 daily reward of users of the IOST network who votes and holds their votes with IOST.BEST node, with prior 7 calendar day notification in the Telegram chat https://t.me/bestiost before the end of this special offer.

Partner and Servi Node report submissions for the IOST Q1 Contribution Reward System has now concluded and initial rankings have been assessed. In total, 72 nodes successfully submitted valid reports across 5 categories and from over 15 countries.

IOST’s Contribution Reward System for Q1 was from March 10th to March 31th due to mainnet launch, meaning payouts were for a 22 day period, with the next period of Q2 being for a full period of 91 days.

15 nodes successfully achieved Tier 1 status, earning the highest rewards equaling roughly $7000 USD (IOST/USD ref. april 10th) for a 22 day period. Pro-rated this equates to around $10,000USD per month and almost $30,000USD per quarter for each Tier 1 node.

In total, over 12.6M IOST tokens will be paid out to Nodes across all tiers and categories. Additionally, these rewards are only half of the quarterly reward payout, with nodes also receiving their “share of votes” rewards which are a total pay out of an equal amount of over 12.6M IOST tokens.

Report submission for nodes was open for 7 days, after which report assessment took place. Each node’s report was assessed independently by at least 7 individuals from the IOST and ICAC teams. A indicative framework and scoring system per category was used which was then averaged for each report. Nodes were then ranked by average scores in each category. Once the initial tiers has been established, an open and collaborative discussion took place to compare reports that where similar, close in scores or on the board-line of tiers. In a few exceptional cases where assessment was tied and could not be resolved, these nodes were awarded equal ranking. Through this week long process, the following node rankings were established and displayed below (sorted in no particular order).

In the next phase and in the spirit of fairness, IOST will open up a consultative period where any node that disagrees with their assigned tier can query their result. Nodes must provide specific reasoning for a requested tier change and also highlight which node in an above tier and same category should be rotated. This request will then be assessed and a final decision will be made. After this period, all contribution rewards and share of votes rewards for the Q1 period will be paid out in full and automatically credited to each nodes account. For disputes please contact your regional POC (CN, JP, KR or INTL) for the node ecosystem.