Celebrate IOST’s L2 Launch: Join the $10M+ Exclusive Airdrop for existing users

Hi, IOSTians!

The long-awaited moment has arrived! We are thrilled to announce the expansion of the IOST ecosystem into BNBChain L2 for RWA and PayFi, a milestone we’ve been preparing for over a year. To celebrate and show our gratitude to our partners and loyal holders, we’re kicking off an exciting $10+ airdrop, the largest airdrop in IOST history!

We are incredibly grateful for the unwavering support from all IOST holders. Your belief in our vision and continued loyalty have been the foundation of our growth.

To bootstrap the new ecosystem, the airdrop will be distributed in IOST L2 Tokens. To reward global IOST holders, the airdrop includes users on IOST L1 through a snapshot and holders in partnered exchanges.

Airdrop Details:

Total Rewards: 8%(1,705,600,000 IOST) of new IOST L2 tokens (~$10M+ worth of IOST as of today).

Eligibility: Hold IOST on strategic partner exchanges and/or keep IOST on our L1 Mainnet.

Distribution:

• 852.8M allocation for IOST L1 holders: This portion will reward holders based on the IOST L1 snapshot data. Additionally, stakers will be rewarded through a “staking length weight”.
• 852.8M allocation for exchange holders: Distributed proportionally to IOST holders across participating exchanges.

Supported Exchanges: Official partnered exchanges will be announced in the coming weeks. Please note that exchanges may make the announcements directly, so stay tuned for official updates!

How It Works

IOST L1 Snapshot Airdrop:

• The allocation will reward holders based on their IOST balance at the time of the snapshot.
• The amount will be decided by the amount you hold in your wallet. A coefficient of up to 1.5x is applied depending on the staking length.

Exchange Holders:

• The claiming process will be different based on different exchanges. We are working with prestigious exchanges to provide a seamless airdrop experience for our holders.
• The airdrop allocation will be distributed proportionally based on the total IOST holdings across participating exchanges.
• Multiple exchanges will participate in the IOST airdrop. The 4% allocation will be divided proportionally based on the total amount of IOST held by the exchanges.

For more detailed information about airdrop, please refer to this link.

In the coming 4 weeks:

We’re working tirelessly to launch this grand airdrop event. In the meantime, please make sure to:

• Check which exchanges are participating
• A snapshot will be taken
• Hold IOST on supported exchanges or on L1 mainnet to be qualified for airdrop
• Stay tuned for updates on IOST’s progress and airdrop distribution timelines
• Instructions on how to check eligible airdrop amounts and the claiming process will be announced

What to be expected next:

• A completely new suite of products will be launched
• Launch the IOST L2 Mainnet for RWA and PayFi with a minting event issuing 21.32 billion IOST L2 tokens.
• Kick off a 10M USD+ major staking event with strategic exchange partners to celebrate our rebranding
• Community discounted node sales will be announced
• New ecosystem partners announcement
• A new website will be revealed
• Over $500M assets committed

As we move forward, we’ll continue to share exciting updates, partnerships, and opportunities to engage with the IOST ecosystem. What’s coming next is unlike anything we’ve done before — get ready for big news!

We’ve been well prepared for this new leap forward and are thrilled to finally unveil it. Our goal is to ensure that everyone who stands with IOST feels more satisfied and excited than ever. Together, let’s build a brighter future for the IOST ecosystem.

Celebrate IOST’s L2 Launch: Join the $10M+ Exclusive Airdrop for existing users was originally published in IOST on Medium, where people are continuing the conversation by highlighting and responding to this story.