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IOST StakeDrop FAQ
Q: What is the duration of the StakeDrop event?
A: The Offering Period runs from April 23, 2025, to May 24, 2025, at 8:00 AM UTC+8. During this time, users can choose to stake or unstake the assets and then re-stake. Staking becomes effective on May 24, 2025, at 8:00 AM UTC+8, after which no additional staking can be performed. For example, if a user selects to stake for 120 days, the staking period will be calculated from May 24, 2025, and will end on September 21, 2025.
Q: How are rewards distributed after participating in the StakeDrop event?
A: Rewards are distributed over a period of 4 years. The first reward is granted at the end of the staking period, and users can claim their staked amount plus 1/48 of the total reward each month.
Q: Which wallets are supported for the StakeDrop event?
A: All plugin wallets that support BSC are permitted. We recommend our users to attend it through MetaMask.
Q: Can IOST be directly withdrawn to the BSC chain on the Binance exchange?
A: Major exchanges like Binance now support IOST on the BNB Chain (BEP20) network.
Q: What is the contract address for staking IOST on the BSC network?
Q: Has the StakeDrop been audited? Is it safe?
A: Yes, the IOST Staking product has undergone a comprehensive security audit. You can view the audit report here: https://assets.binenet.com/reports/IOST_StakingDrop_Solidity_Smart_Contract_Audit_Report_V1.0.pdf
Q: What is the contract address for IOST on the BSC network, and where can I view token information?
A: The IOST (BEP20) contract address is available at: https://bscscan.com/address/0xaf48b7e315a52518cfbf7d96c455d9dfad94cb48
The IOST (BEP20) token information can be found here: https://bscscan.com/token/0xaf48b7e315a52518cfbf7d96c455d9dfad94cb48
Q: How is the reward calculated if I exit staking early?
A: If you withdraw before the staking period concludes—for instance, if you intended to stake for 120 days but withdraw after 90 days—the earnings will be recalculated. The logic is as follows: you will receive earnings based on the 90 days of staking, and minus a 30% penalty on the earnings for those 90 days. Effectively, your final earnings will be 70% of the 90-day earnings. It's important to note that there are no earnings from 0 to 90 days; withdrawing before 90 days means you will not receive any earnings.
Q: How can staking rewards be claimed?
A: Rewards can be claimed after the staking period ends. Earnings will unlock over 4 years beginning from May 24, 2025, at 8:00 AM UTC+8. However, rewards can only be claimed after the staking period ends. For a 120-day stake, claims will start from the conclusion of the 120 days, allowing the withdrawal of both the principal and the earnings from the 120-day period.
Q: Why are there no earnings from staking IOST during the event?
A: During the event, users can make their own decisions regarding the amount of IOST staked and the duration of staking. If adjustments to the staking strategy (such as unstaking) are needed within the month, they can be made at any time without affecting the principal.
Q: What is the minimum staking period?
A: The minimum staking period is 90 days; staking for less than 90 days will not yield any earnings.
Q: Will rewards be distributed every month for two years, or will they start after the first month?
A: After the staking period, you can reclaim your principal and receive rewards at the same time. The first reward will be for the total length of the staking period. For example, if you are staked for 2 years, you will receive rewards for 24 months, with subsequent rewards distributed monthly thereafter.
Q: Will monthly rewards no longer be claimable after 05/21/2029?
A: There is still a 90-day grace period, meaning that rewards can be claimed until 90 days after 05/21/2029.
KeyWords
| Word | Description |
|---|---|
| Amount to Add (Inputted by Users) | The staking amount of IOST you wish to stake. You can select a percentage based on your wallet balance, with a minimum requirement of 10,000 IOST. |
| Adjust Term (Selected by Users) | Choose your staking duration, which can range from 90 to 720 days. |
| Total Rewards | The total rewards available for claiming will be distributed according to the number of participants in the Offering phase, as this will vary based on shared rewards. |
| RealTime APR | Current real-time APR. |
| Reward Multiper | Multipliers based on the lock-up period, ranging from 1.5 for 90 days to 4.5 for 720 days. |
| Est. Effective APR | Your actual APR after staking. |
| Release Date | The date on which you can start claiming rewards following the end of your staking period. |
| Initial Reward | Rewards for your initial claim. |
| Monthly Reward | Monthly earnings. |