Social encounters

At CEDEC, @CryptoNinjaGame & @CryptoDerbyTKY shared the advantages of developing games & having most of the issues on ETH solved on IOST- the project they believe to be one of the world’s best existing chains.

ICAC is the core governance community of IOST, which is initiated by Node Pacific (IOST Pacific). In order to make the majority of the community better understand the IOST nodes, the ICAC community formally launched the IOST node partners interview.

On Sep 4, 2019, the ICAC community invited IOST BEST- Co-founder Alexey Danilov to share their node’s story.

Team introduction:

Dmitry is responsible mainly for the development and maintenance of the technical part of the project.

Alex — for commercial development and promotion of the project.

Marina — is the generator of ideas for promoting the project.

Kate — for legal advice and support in negotiations and translations into English.

ICAC Interview

1. How did you get involved with IOST? Why do you choose to be an IOST node?

Hello! We got acquainted with the IOST project more than a year ago when we were engaged in crypto trading. We had a rule back then — never invest money in doubtful projects.

When we did a fundamental analysis of the IOST token, we got interested in its technical solution to existing blockchain problems. From this moment we began to monitor the project in social networks and reviewed all interviews with Jimmy.

For the first time, we thought about becoming a part of the project in mid-December 2018 when the IOST team announced the opportunity to apply and become a servi node.

We made the final decision when the financial threshold was lowered from 10 million IOST to 2.1 million IOST, thus making the entry into the project more accessible.

We have been working as a servi node since the launch of the main network in February 2019.

2. What does IOST BEST mainly do? Can you introduce it to community users?

Yes, of course, we will be happy to tell you and moreover, we are always open to communication in our social networks. Currently, we distinguish two main directions of development of IOSTBEST:

1. The development of IOSTBEST within the IOST ecosystem. In particular:

a. Block production and compliance with all IOST technical requirements

b. Promotions, quests, quizzes, and giveaways that attract users to the main IOST news

c. Special conditions for additional rewards for our voters — we distribute 100% of the daily income of our node to our voters.

2. The development of IOST outside the ecosystem. In particular:

a. Promotion of the IOST blockchain with special focus to the Russian market

b. Promotion of IOST token as a means of payment

c. Visiting various thematic events and popularizing the IOST blockchain

d. Promotion of the IOST project in Russian-speaking social networks and communities. For example 08/17/19 we were invited to a radio show and gave an interview. Now it is being processed and will soon be available. In the meantime, you can see a photo report in our group.

3. In the second quarter of 2019, IOST BEST won the Tier 2 reward. Can you briefly tell us what you have done?

In the second quarter, we received the reward for the development of the IOST community both within and outside the ecosystem.

We conducted educational quests and quizzes that were aimed at raising awareness of the latest IOST news, getting to know other nodes, getting to know ABC explorer, and of course aimed at the attraction of new users.

During the promotions in the second quarter, we distributed 65,000 IOST in total as a prize. Because of this work, we were able to attract new audiences to the IOST ecosystem. More than 900 new users joined our telegram chat.

We also worked hard on introducing the IOST token into the real sector of the economy — the largest crowdfunding platform in Eastern Europe — Boomstarter. We did not manage to complete this project in the second quarter and all the results of our work will be considered in the third quarter.

4. What contribution will be made to the whole IOST ecology? If you have a preliminary plan or idea, could you share it with the IOST fans?

In the 3rd quarter, we will continue to move in the field of raising awareness about the IOST project both inside and outside the ecosystem. To achieve this we are negotiating with media companies, and some of them have already scheduled meetings and have arrangements for interviews.

Looking a little ahead, we plan to start developing applications on the IOST blockchain.

Some of our plans for Q3:

• Developing a relationship with Boomstarter (IOST network partner, iUSD integration)

• Presentation of IOST in offline meetings

• Twitter account development

• Search for companies to introduce IOST as a means of payment

• Search for companies to integrate the IOST blockchain

5. What expectations or suggestions do you have for IOST?

We want to divide our suggestions into two parts: for IOST and for voters or token holders.

We wish the IOST team not to lose enthusiasm in building this innovative business. They started an ambitious project in which every little detail is important to succeed! And we are ready to help them with this.

We also wish the network to expand and to introduce new partners who are ready to share their knowledge and best practices in the field of writing smart contracts and applications on the IOST Blockchain, and this information will appear on the https://developers.iost.io resource in the form of a simple step by step instructions.

In other words, we want to minimize the technical development threshold on the IOST blockchain, i.e. make it more user-friendly.

We wish voters to increase their income and hope that in the near future the bull market will prevail and everyone will be able to afford to achieve their goals.

6.From what platforms can we get the latest development and situation of IOST BEST?

Stay tuned for updates and news on our social networks.

Our team is also open to partnerships and offers. We are ready to share our knowledge and relationships — write to us:

Twitter: @BestIost

Telegram: https://t.me/bestiost

Email: welcome@iost.best

7. Finally, you can promote IOST World. Why should the community members vote for you, and what will they get if they vote for you?

Thank you for this opportunity! Each voter has his own motives when choosing a node to vote for. But usually, the choice falls on the teams that make the greatest contribution to the development of the project, or which gives the greatest income.

Our team combines both.

By raising awareness of the project we are developing the IOST ecosystem, and by distributing 100% of our daily node reward (for votes and block production) we think about our voters.

Based on these facts, the daily reward of our voters today with all our bonuses is almost 5 times bigger than the standard daily reward. If you look at the profitability of the second quarter, then our voters received an income equal to 27% per annum.

In the second quarter, we distributed 538 571 IOST, which is comparable to the reward for Tier1, according to the results of work in Q2, we received Tier 2, and this is plus 344 448 IOST to our voters’ income.

In the 3rd quarter, we will make every effort to not only maintain the profitability of our voters but also to increase it!

Not Your Keys Not Your Crypto

One of the most important principles to remember when you invest in cryptocurrency is the principle of “Not your keys, not your crypto.”

This quote is popular in the cryptocurrency circle this simply means if you don’t hold the private key of your wallet, then it is fair to say your cryptocurrency in such wallet isn’t yours. A lot of people will ask what exchange sites? As much as you would want to trust an exchange site, a major hack can happen and your funds on the exchange site stolen which could be hard for the exchange to refund.

The best practice is to allocate enough funds that you need to trade and move your money off the exchanges once the transaction is completed.

Always Back Up your Private Key

Your private key is your access to your personal wallet if you misplace or don’t have a copy of your private key then it is impossible to access your wallet hence your cryptocurrency. The best practice at all times is to have a copy of your private key saved on as much as possible secure location.

1. Save your private key where only you can access it.

2. Be careful of saving your private key on google drive or any cloud storage.

3. Do not save your private key on a friend’s device.

4. Never share your private key with anyone.

Use Cold Wallet

Cold wallet is a hardware wallet, a hardware wallet is a physical device that is kept offline but has the ability to be plugged into a computer when needed. Hardware wallets are safe because when you make a transaction, they ask you to confirm each one by pressing a button on the device. They are pretty much hacker-proof. Examples are Trezor, Ledger Nano e.t.c

1. Always buy a hardware wallet from an official supplier.

2. Do not buy a second-hand hardware wallet or through a third party.

3. Use only trusted hardware wallet with PIN or Password.

4. Never share your password or pin with anyone.

Other Security Practices

1. Update your wallet software often.

2. Be careful of apps installed on your device (mobile/PC) where your wallet is located.

3. Secure your wallet with multi-signature to protect against theft.

4. Add an extra layer of security like 2FA if possible.

5. Check your wallet often to check for security leak and if any is found move your cryptocurrency immediately.

Securing A Compromised IOST account

Let us assume after taking all of the security measures posted above you found out that your IOST wallet has been hacked or maybe your IOST token or other relative tokens like TIX, LOL, iPLAY or METX token is been moved by hacker, relax there are still ways to make sure you take control of your account back and send your funds before the hacker does.

Upcoming events:

IOST Global Alliance — A Decentralized, Autonomous Ecosystem Initiative By IOST Nodes

IOST Nodes have initiated & launched the IOST Global Alliance (IGA) — a decentralized, autonomous organization to promote community governance & cohesive action for the IOST ecosystem.

The first public IGA meeting will occur on September 24, 2019, at 5:00 pm EST.

See also: