IOTA is an open, feeless and scalable distributed ledger, designed to support frictionless data and value transfer. It is the first distributed ledger built for the “Internet of Everything” - a network for exchanging value and data between humans and machines.

IOTA has introduced staking where users can stake MIOTA in Firefly wallet and earn token airdrops from different projects. Download the Firefly wallet, deposit MIOTA, start staking and opt-in for several airdrops. The staking started on April 19th at 3:00 pm CEST and will last for 90 days.

Step-by-Step Guide:
  1. Buy MIOTA if you don’t already hold some. You can buy MIOTA from Binance.
  2. Download the Firefly wallet.
  3. Deposit MIOTA to Firefly wallet.
  4. Now start pre-staking and opt-in for Assembly airdrops.
  5. Staking will officially start on December 28th at 3:00 pm CET and will; last for 90 days.
  6. Rewards will be distributed at a ratio of 1 MIOTA :  0.000002 ASMB every 10 seconds.
  7. Your wallet must reach a minimum amount of 1.0 ASMB (1,000,000 microASMB) for the airdrop to be received.
  8. A total of 20% of the supply has been allotted to IOTA stakers, of which 5.8% has already been distributed in the past round. Further staking events will follow, until a total of 24 months has passed and the reserved 20% of all ASMB tokens have been distributed.

For more information regarding the airdrop, see this article.

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