IOST will take a snapshot of balances for the airdrop on March 15

IOST announced the initial list of exchanges that will support the upcoming airdrop campaign. The snapshot of account balances is scheduled for March 15 at 00:00 UTC.

Information about IOST

IOST is a decentralized blockchain network and ecosystem with its own nodes, wallets, and based on the Proof-of-Believability (PoB) consensus protocol. The platform aims to promote mass adoption by offering a ‘Blockchain as a Service’ (BaaS) solution, positioning itself as the foundational architecture for future blockchain services.

Unlike traditional systems, which rely solely on voting results, IOST incorporates the Servi point system for decision-making and committee member rotation. This provides a decentralized committee election process while maintaining scalability and resistance to censorship. The design of IOST ensures a voting and committee formation process where the majority of nodes have the right to create a block (, not just a few top nodes ), and where nodes with more votes are assigned a higher probability of creating a block.

IOST, the native token of the platform, performs several important functions within the ecosystem. The token serves as a means of payment for services and goods provided by service providers, as well as for operational fees related to the execution of smart contracts. Rewards for contributing to network resources are also distributed in IOST. The token can also be exchanged for other tokens within the IOST network ecosystem.