☑️ReStaking

Staking of $IOST

Another 5% of the idragon total supply will be used for staking rewards, this part will be distributed from Treasury funds .

After users staking/voting IOST to the official node, will receive $IOST and $idragon rewards at the same time as rewards.

Note: Meme platform will not develop any centralized mining pool and this process will be implemented by calling the IOST official Staking contract.

APY & Unlocking

Annualized Yield: 4% of $IOST and 6% of $idragon.

There is a 3-day freezing period required when unstaking, which is the same as the IOST official redemption mechanism.

About Restake APY Example:

The price of $idragon is calculated as 1 IOST = 250 idragon (the price of public donations).

User A pledged 1,000 IOST, which is equivalent to 250,000 idragon.

According to the rules, the reward that user A can receive after one year is: (1000 IOST x 4%)+(250000 idragon x 6%)=40 IOST+15000 idragon.