IOStoken Team to Send 7.35B IOST to Escrow

By locking 35% of the total tokens supply, team wants to "show our dedication to the longterm growth of IOST"
09 April 2018   446

The developers of the "safe and scalable blockchain for smart services" IOS announced that they block all the volume of tokens in the Internet of Services Foundation - 7.35 billion IOST or 35% of the total offer.

IOStoken
IOStoken

From the first day we launched our ambitious project, we have been listening to our community carefully. During the process, we have heard concerns about our ongoing token distribution and fears about the possibility of the IOS Foundation selling IOST on a secondary market for short-term profit. We would like to reassure our community that we will never do this, our internal control procedures would under no circumstance allow this to happen, and to take this action would be extremely harmful for us.
 

IOS Foundation

The funds were transferred to a separate wallet, available for public view. At the time of publication, the amount on it is estimated at more than $ 230 million. As developers assure, tokens will be unlocke with launch of mainnet. According to information in social networks, this will happen before the end of 2018. In the project roadmap, the second quarter of 2019 is indicated as the start-up period for the client and the IOS purse.

Change.org to Mine for Charity

According to the calculations, if 10k computers will run the minning screensaver for 12 hours a day, the charity fund will receive $10k monthly
18 July 2018   77

Social platform for petitions Change.org announced the launch of a screensaver that mines Monero on users' computers. All tokens will be transferred to the charity fund of Change.org. This is reported by Coindesk.

This initiative was launched in partnership with the marketing agency Tracelocke Brazil.

Representatives of Change.org report that the screensaver will consume resources only when users do not use the computer. According to their calculations, if 10 thousand computers will run the screensaver for 12 hours a day, the charity fund will be transferred $ 10 thousand monthly.

At the moment the program is available only for Windows users and the platform did not report on the release plans for the version for macOS.

Note that at the end of April, a similar action was launched by the Australian unit of the United Nations International Children's Emergency Fund; (UNICEF). The website "Page of Hope" mines Monero cryptocurrency.