Today, we have officially released the IOST voting portal which also marks the official launch of the IOST global Partnership Program.

We have redefined our blockchain node election to encourage as many people - from as many different backgrounds as possible - to join in and be a part of building the IOST ecosystem. As the first of its kind, this innovative ERC-20 election, which has zero technical barrier to entry and no upper limit to candidates, aims to bring in over 1000 partners from around the world to take part and contribute to IOST’s ecosystem and success.

The IOST Global Partner Program is an innovation in decentralized community development and governance. By incentivizing all participants including the community with high potential rewards, we encourage everyone to become contributors, defenders and stakeholders of the IOST ecosystem. Together, we will drive IOST ’s development and success!

The voting portal for the IOST Global Partner Program ERC-20 Election is now live and available for voting from the 15th Jan here: iost.biss.com

ERC-20 Election Voting — Benefits & Rewards

We hope all community members will exercise their voting rights to decide the future of the network and help drive IOST’s success and development.

IOST and Biss.com have jointly developed a zero-barrier, one-click voting portal for people to get involved in the voting process. To encourage voters, The IOST network incentivizes voting in the following ways:

Early Bird Voting Rewards: When you stake and vote in the ERC-20 election, you will receive an annualized 25% return on your token amount, based on the duration these tokens are staked. This will run until Mainnet launch.

Voting Dividends: Token holders who vote for partners / nodes that successfully reach the 2.1M token requirement during the election, will receive an on-going 50% share of that partners / nodes rewards. The annual reward pool is 840 Million IOST tokens (5 million USD).

Example:

Voter A stakes 1M IOST to Candidate B on Jan. 15th who then successfully secures 21M tokens (1% of the total votes) and contribution score 50% higher than average. Candidate B’s rewards will be 8,400,000 IOST in the first year.

For voter A, their rewards are:

Voter A’s early voting rewards: Early voting will end on Mar. 10th when the automatic token Mainnet swap completes, and he/she will receive annualized interest of 36,301 IOST. Voter A’s Node reward share: = 1/21(node voting contribution) x 8,400,000 (nodes rewards) x 50% (voter’s share) =200,000 IOST

Voting Timeline

Voting Guide

The voting portal is available in Chinese and English language. You can switch language in the upper right corner of the navigation bar.

1. Signup and Login

Click “Signup” on the right of the navigation bar, enter your email address, set the password and enter the email verification code to complete registration.

Click “log in” on the right of the navigation bar, enter your email address and password to log in.

Please keep your password private and secure after registration.

2. Deposit IOST

Click “My Account” on the left of the navigation bar to open your account page. Click to copy the address or scan the QR code to deposit IOST.

Deposit tokens to the IOST address or transfer from your BISS account. Your tokens and rewards can be withdrawn from March 10th.

Please read the page details carefully to avoid any losses incurred.

3. Vote for Candidates

Click “Vote” on the left of the navigation bar to open the voting page. You will see information about the total voting bonus, your bonus and your available tokens for voting.

On the list of all Candidates, you can see all who are eligible to be voted for. Candidates registration is still open and will be updated regularly. At the top right of the ranking, there is a search box and filter, which you can use to find specific candidates you are interested in.

You can click the name of the Candidates to visit their listing page and learn more about them.

Click“ Vote” to vote for the corresponding candidate you are interested in. 1 IOST = 1 vote, which can be used for one Candidate. Once tokens are voted, they are not allowed to be changed or revoked until the Mainnet launch.

After voting, you can share the poster and referral link to invite friends and earn extra rewards from BISS.