When Is The IOST Airdrop? Everything You Need To Know

IOST, a blockchain platform on the BNB chain focused on tokenized real-world assets (RWAs), is launching an 853 million IOST token airdrop.

This airdrop will celebrate IOST’s strategic transition from a Layer-1 blockchain to a BNB Chain Layer 2 (L2). It will reward existing IOST holders and encourage wider adoption within the ecosystem. Leading cryptocurrency exchanges, including Binance, Upbit, and Bitget, have confirmed their participation.

This guide provides a comprehensive overview of the IOST airdrop, eligibility requirements, participation details, and supported exchanges.

What is IOST? 

IOST, which stands for Internet of Services Token, is a blockchain platform designed to provide a scalable and secure infrastructure for online services. It aims to support a decentralized economy by offering high transaction throughput and reliability.

To achieve scalability, IOST uses a consensus algorithm called Proof-of-Believability (PoB). This mechanism assesses the credibility of nodes based on their past contributions and behavior, ensuring efficient and secure transaction validation.

IOST airdrop overview

• Total allocation: 852.8 million IOST tokens (4% of the new IOST supply)
• Eligibility requirement: Users must hold a minimum of 1,000 IOST tokens in their accounts on participating exchanges
• Snapshot time: 15 March 2025, at 00:00 (UTC +0)
• Distribution period: Monthly or every three to six months over a 48-month period, depending on exchange partners.

How to participate in the IOST Airdrop

There are two primary ways to qualify for the IOST airdrop:

1. Holding IOST on a supported exchange:
   • Users who hold IOST tokens on participating exchanges at the time of the snapshot will be eligible for the airdrop.
   • Each exchange will implement its own claiming procedure.
2. Holding IOST on the IOST L1 mainnet:
   • Users who keep their IOST tokens on the IOST Layer 1 mainnet will also be eligible.
   • Stakers will receive additional rewards, with a multiplier of up to 1.5x depending on their staking duration.

A snapshot of eligible accounts will be taken on 15 March 2025 at 00:00 UTC. The amount of airdropped tokens will be proportional to each user’s IOST holdings at the time of the snapshot.

Each exchange will receive an allocation proportional to the total IOST held on its platform. User rewards will be calculated based on individual holdings at the exchange. Claiming procedures will vary by exchange and will be announced separately.

So far, nine major centralized exchanges have confirmed their support for the IOST airdrop. These include Binance, Upbit, BitKub, Coincheck, OKJ, BITPOINT, Bitget, CoinTrade, and Bithumb.

The list of participating exchanges is expected to grow, and new platforms will be announced through updates. Users should check with their exchange for specific claiming instructions.

Following the announcement, the IOST token price saw a significant uptrend. However, it’s important to remember that large airdrops are generally followed by major price corrections. This is because airdrop holders often tend to liquidate their holdings.

What to expect next?

In the coming weeks, IOST will continue rolling out updates related to the airdrop and ecosystem expansion. Here’s what to expect:

• Final snapshot details confirmation
• Guidelines on how to claim the airdrop on each exchange
• Launch of the IOST L2 mainnet for RWA and PayFi applications
• A $10m+ major staking event with strategic exchange partners
• Community discounted node sales announcement
• New ecosystem partnerships
• A redesigned official website
• Over $500m in committed assets for the ecosystem.

The IOST 853 million token airdrop is a significant step in the project’s transition to BNB Chain Layer-2. It’s expected to potentially strengthen its presence in the RWA and PayFi sectors.

If you’re interested in the airdrop, make sure to hold at least 1,000 IOST on a participating exchange or on the IOST L1 Mainnet by 15 March  2025.

Stay updated with official IOST announcements for claiming details. Monitor your exchange for specific distribution timelines and procedures.

Disclaimer: This article is for informational purposes only and does not constitute financial, investment, or trading advice. Please conduct your own research and consult a financial professional before making any investment decisions.