IOST Launches Signet Ring: A Biometric Wearable with Revenue and Identity Features

The IOST project has announced the official release of the Signet Ring, a real-world asset product integrating biometric authentication alongside continuous earning features, diverging from simple NFTs. This wearable device not only provides proof of heartbeat (POH) for biometric verification but also combines revenue sharing, referral benefits, and upcoming integration with on-chain identity systems. The Signet Ring, priced at $99 or in IOST tokens, will be limited to 1,000 units available from June 18th. Owners will earn daily veIOST rewards, with options to convert earnings into IOST or to switch payout periods (30, 14, or 7 days). The product’s structure incentivizes user engagement through referral commissions and time-based ROI, estimated to be threefold. This development aligns with IOST’s broader roadmap targeting biometric payment and identity solutions. The project is currently gaining significant interest, especially in international markets such as Japan, suggesting strong sales potential and a strategic move towards long-term user retention. The dual reward mechanism, involving biometric-derived income and the benefits of physical-hardware combined with on-chain tokens, presents an innovative approach in the blockchain ecosystem. Overall, this product signifies a pivot towards tangible, user-engaging hardware that extends the NFT concept into a comprehensive identity and income platform, which could markedly enhance IOST’s value proposition and adoption in the wearable and digital identity market.