When will I get the IOST rewards?
- IOST rewards are paid daily between 08:00am – 10:00am (UTC+8)
- If you deposit IOST to the reward wallet before 08:00am (UTC+8), you will receive the reward the next day (T+1)
- If you deposit IOST to the reward wallet after 08:00am (UTC+8), the reward will be paid in two days (T+2)
- Withdraw anytime, but rewards for the current period will be lost. Staking assets redeemed before 2 PM on T day, will be credited at 3 pm the (T + 7). Assets redeemed after 2 PM on T day, will arrive at 3 PM (T + 8).
How much IOST rewards will I receive?
- IOST rewards amount = [minimum balance during the previous 24 hours] x [Daily reward rate]
* The daily reward rate will be dynamically adjusted according to node fluctuations
Frequently Asked Questions (FAQ)
Q: What is IOST?
A：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. IOST just launched their main net for one month, they became the No.4 public chain platform, along with Ethereum, EOS, and TRON. More details can be found at https://iost.io/
Q：How do I Join the IOST PoS pooling?
A: It takes two steps:
1. Download and sign up to Cobo Wallet.
2. On the Finance page, you can select IOST PoS in PoS pooling to transfer at least 100 IOST coins from your wallet.
* PoS pooling is only supported by Cloud Wallet. Please deposit IOST to Cloud Wallet first.
Q: Is there a lock-up period and fees while withdrawing my IOST?
There is a 7 days lock-up period before the end of your IOST PoS project. Your funds and interests will automatically be returned to your wallet once the lock-up period ends. There will be a 20 IOST fee deducted when your funds are withdrawn.