This article was first published on Stories by IOS Foundation on Medium
On the 14th of January, the IOST ERC-20 election will begin. This marks the official start of preparation for Mainnet launch, as this election will establish the initial Node ecosystem for the IOST network.
From this date, you can use your IOST ERC-20 tokens to vote and stake for the nodes you want to be part of the IOST network.
Why IOST Node Election Matters to You?
IOST is a decentralized network and protocol. It is owned by you — its users - and the decisions made on its operation, how it develops and its future success is determined by you. You have invested into this project, because like us, you believe in the future of decentralized ecosystems. By owning part of the network (in the form of tokens), its future value is determined by all involved.
By voting with your tokens, you will be deciding who represents you to govern the IOST network and who contributes to the future development of the ecosystem. We believe the full potential of IOST will be realized if Servi Nodes and Partners not only secure the network, but also work to build and grow the IOST ecosystem. Choosing the nodes that will be the most successful at this means you will enjoy the most benefits and rewards.
ERC-20 Election Voting — Benefits & Rewards
We hope all community members will exercise their voting rights and become contributors, defenders, and stakeholders of the network, and help drive IOST’s success and development. The IOST network not only rewards Servi Nodes and Partners, but Voters too 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 ...
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Stories by IOS Foundation on Medium