IOST is an ultra-fast, decentralised blockchain network based on the next-generation consensus algorithm “Proof of Believability” (PoB). Led by a team of proven founders and backed by world-class investors, our mission is to be the underlying architecture for online services that meets the security and scalability needs of a decentralized economy.
Proof of Stake
Voting is an important self-governance mechanism in the IOST ecosystem. Partners who actively serve IOST communities, contribute codes and participate in governance will get more votes from the community.
With the right to vote, you as a token holder can determine which candidates become Node Partners, elect your preferred Partners to maintain the IOST network, participate in community governance, and even determine the future development direction of IOST ecosystem."
GAS and RAM are required when staking, unstaking, and receiving staking rewards.
GAS can be obtained by pledgeing IOST and RAM must be purchased by IOST. GAS limit can be increased by pledging for other accounts and RAM can also be purchsed for other accounts.
The staking rewards are paid out daily and the Ecosystem Bonus Rewards are paid out quarterly.
If you wish to redeem your votes (unstaking), it takes 3 days. After redemption, you can vote again, trade or withdraw. Note that the distribution of rewards will stop once you initiate the vote redemption process.