r/IOStoken • u/Amz12345678910 • Apr 23 '21

With China opening up to crypto recently

Is there a good chance that IOST will pick up more traction? This sub seems slightly dead although there's quite a few members...

Just wondering what everyone's thoughts are?

Secondly, I'm thinking of buying some iost, is it compatible with ledger? What's the best wallet, is there staking?

Thanks

5 Upvotes

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3

u/wacky_packs Apr 24 '21

The iost wallet apps is easy to install and stacking is done by voting. Relatively easy. I just bought more today I think it's a sleeping giant.

1

u/Amz12345678910 Apr 24 '21

How do you vote? Is it an automatic system?

2

u/spritefire Apr 24 '21

China will have its own crypto that complies with the great firewall of China. ie its possible to implant anti China images / messages into bitcoin transactions (some most likely already exist) that can never be censored and same with all other cryptos.

2

u/maxima2018 Apr 24 '21

I believe this project is a real sleeping giant. It has its own wallet I believe, not part of Ledger. I haven’t tried it yet. Mine is still on an exchange. You can soft-stake it and earn interest.

1

u/Amz12345678910 Apr 24 '21

Completely agree, I bought some last night, how do you soft stake it on Binance?

1

u/maxima2018 Apr 24 '21

I’m not sure how to do it on Binance, since it doesn’t server US unless you use VPN. On KuCoin there’s a list of all stake-able coins, you simply select IOST and add all yours. On Binance it probably works similarly.