IOTA answers assembly staking questions (ASMB)

Assembly (ASMB) has been participating in IOTA again since April 22. IOTA has now answered a few questions from investors about the mechanics and the future of the Assembly.

Staking at IOTA aims to make the ecosystem more popular since the end of 2021, and after the first staking period for Assembly (ASMB) and Shimmer (SMR), the IOTA Foundation reached a satisfactory interim conclusion at the end of March. Since Friday, April 22, a second 90-day staking period for assembly at IOTA is underway. Since there is obviously still a need for information among interested parties and participants, IOTA gives by Twitter Answers to frequently asked questions in English. Here we translate the key points into German:

1. Staking for assembly does not commit to completing the current 90 days. If you hold IOTA credit, you can register and deregister it for staking at any time during this period.

2. The minimum wagering amount for Assembly is 1 MIOTA and to be credited with Assembly, at least 0.1 ASMB must be reached during the wagering period. On the Assembly’s website, you can calculate the results to expect based on individual requirements.

3. To operate staking with IOTA for assembly, the official IOTA Firefly wallet version 1.5 or higher must be used. You can get more information from us here.

4. For assembly, 100 billion ASMB is planned as the maximum quantity. Of this amount, 20% must be distributed by staking. 5.8% of all ASMBs have been distributed in Phase 1. At this point, per MIOTA deployed, there are 0.000002 ASMBs every 10 seconds during staking.

5. IOTA wants to offer a total of 24 months of staking for ASMB, which is normally divided into 90-day periods. Phase 2 of a total of 8 planned staking steps for assembly is currently underway.

6. IOTA suspends staking at the Assembly every 90 days to facilitate the calculation and documentation of allocations by network points. In addition, pauses allow software updates to be imported, such as with the IOTA Firefly wallet.

7. IOTA reiterates that Assembly should see the launch of its mainnet in 2022. This is important because ASMB can only be transferred from then on, thus allowing trade with assemblies. Until then, ASMB will remain a virtual token with no monetary value.

Conclusion: Is assembly staking worth it at IOTA?

The IOTA price curve initially showed positive impulses during the first staking period. But when market participants then took a closer look at the details of staking on IOTA, disillusion set in and price gains fell again. Because it seems attractive at first to receive other tokens for IOTA that will find their own role in the ecosystem in the future. On the other hand, it has become clear that the Assembly will start with a centralized mainnet because the Coordicide at IOTA in 2022 is no longer realistic. With Coordicide, the central coordinator at IOTA who manages the blockchain-type network is to be buried and thus undermines the criterion of decentralization, which is decisive for the cryptography industry.

It is not at all certain that Assembly will be accepted by the market after its launch. ASMB is intended for use in the DeFi, NFT and blockchain gaming sectors – but there are already many cryptocurrencies that have been designed in a decentralized way and are already implementing projects in practice. From our point of view, this means that if you already have IOTA credit, it is certainly not a mistake to also participate in staking for assembly. But given the uncertain future prospects for ASMB, it seems risky to invest more for IOTA staking.

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