Crypto market data provided by CoinCap APIIOStoken News
Reddit
- IOST Lists on Coins.ph — Strengthening Regulatory Presence in SEA
- 🚨 The donation portal is now LIVE at iost.io
- 📊 Check out the latest trading volume for #IOST! March 7 - March 20, 2025
- 📢 IOST 3.0 Major Announcement: Mainnet & Snapshot Complete
- 📢 IOST is excited to announce the initial list of exchanges that will support our upcoming airdrop campaign
- 🌐 Introducing IOST 3.0: A New Era of Blockchain Finance
- 🌱 IOST Co-CEO, Blake Jeong, at the "FUTURE STABLECOIN SUMMIT 2025" roundtable
- 📢 IOST’s Airdrop & Staking Plan: Fueling Long-Term Growth
- Potential scam?
- 🌱 The power to shape IOST’s future is in YOUR hands! 🌍 Check out our step-by-step guide on how to vote in IOST’s governance proposals
What Is IOStoken ?
The Internet of Services (“IOS”) is decentralized blockchain that provides users with a platform to exchange online services, digital goods and also enable developers to deploy large scale of dynamic Apps to meet today’s needs. It is an open source system that allows the deployment of various Apps using its’ platform.
The Internet of Services (“IOS”) uses the same mode of operations of the Internet of things(IoT) In IoT, physical appliances or products are connected or exchanged to digital values. Any device that breaks down needs fixing; you can do it yourself if you’re capable or you hire someone. That is how the Internet of Things brought the idea of the Internet of Services. IoT is for the products while IOStoken is for the services. These blockchain technologies add value to our day-to-day adventures.
Some tokens or coins are making digital market and businesses a lot easier by providing a secure and transparent transaction. This coin is called IOST.
The IOST network introduced groundbreaking innovations into the industry such as Proof-of-Believability model and Efficient Distributed Sharding (EDS). These innovations improved the IOST’s platform tremendously. The platform can now handle thousands of transactions per second.
IOST uses Proof of Believability model (PoB) to enhance the blockchain’s workabilities so that it can adequately meet the ever-growing needs for its services. Proof of Believability model took it up from where Proof of Stake stopped, Remember, Bitcoin’s PoW consumes a lot of energy, Ethereum’s PoS was an improvement in reducing the power consumption.
Team of IOST
The IOST’s team is led by Yannan Wang, who is one of the co-founders and has valuable experience in the industry.
Other co-founders include Jimmy Zhong, Kelvin Tan and Ray Xiao.
Practical Uses of IOST.
- Users use IOST’s platform to exchange services and goods.
- The core component of the smart contract is being deployed to develop applications on a large
- Efficient Distributed Sharding (EDS) helps to carry-out multiple transactions at the same time, and this happens in seconds.
- The scalability of IOST’s network helps in carrying –out researches especially in the area of Apps development.
- IOST’s decentralized platform and efficient system support service-oriented businesses with large customer bases.
Mining of IOST
IOST is not mineable but can be obtained through other means. It can be obtained through mining of other cryptocurrencies; then, they can be exchanged to get IOST. IOST can also be obtained through exchange.
One can also get coin through air-dropping, all you need to do is join IOST community and own an ERC20 token.
Notes for Investors
IOST is gaining some momentum considering the latest price of $0.035540, which represents a 30% increase from its pre-launch during the ICO in January. The market cap which is $291,155,760 has shown that IOST will do well in future. It is barely three months since its’ lunch, and it has climbed to 63 in the latest cryptocurrency ranking.
Considering that, the coin is green and the technology is widely accepted, it’s price will undoubtedly surge higher in few months to come.
DISCLAIMER
This report should not be seen as an endorsement or a recommendation to invest. History has shown that cryptocurrency market is unpredictable. My advice to investors especially new investors is always to invest money they can afford to bear the loss.