Hermes — a daily task that automates the receipt and distribution of rewards for Delegates. Whenever Hermes is launched, the system requests all applicable rewards from the blockchain. It checks the status of past allocations, stored in the smart contract to make sure there are no missing allocations or recipients.
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Description of the Hermes site
The IoTeX network uses Roll-DPoS consensus where community-elected delegates manage the consensus on behalf of the network. Delegates receive IOTX rewards for their services (such as creating blocks), which they then share with their constituents. The project is trying to ensure that the reward distribution process is reliable and transparent to both Delegates and voters.
The platform uses smart contracts to automate the reward distribution process, which means that all individual transactions are open and transparent to everyone. Developers have created services that make it easy to view and manage your awards.
Distinctive features of this crypto project:
| Personal awards history | Enter your IoTeX address to see the full history of Hermes reward transactions. You can also enter the name of a delegate to see a paginated list of all of its transactions. |
| Reward forwarding service | If you would like your rewards to be sent to a different IoTeX address than the one you used for betting / voting, you can use the service to send rewards to a different account. |
By registering with Hermes, delegates can automatically request, count and distribute awards to all voters on a daily basis. Delegates, using Hermes, can also access the complete history of all of their reward distributions. Hermes is available free of charge to all IoTeX delegates.
Social media of this defi app
There are currently no WhitePaper and RoadMap documents. Instead, a "User Guide" section is available. It contains a description of the site, as well as operating rules. From social networks, the community leads: twitter. The smart contract has not been audited. The platform interface runs in English.
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