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IOST

What is IOST ?

IOST (iost) is a digital cryptocurrency that has developed a reputation for being super-fast. It is fully-fledged and has a network of decentralized blockchains. The IOST crypto has its network and digital wallets. They are governed by Proof-of-believability and based on census protocol that is regarded as next generation. Its Internet of Service-based compliance allowed its token to provide a solution to high-end companies to include blockchains in their network.

The IOST cryptocurrency was developed to become the backbone for future online services. The blockchain network is an open-source platform that is extensible and highly secure. The IOST was built to support business transactions and create a name for itself among tech giants, such as Amazon, Facebook, and Google.

Primary features of IOST

  • It is an open-source network and provides better scalability and security.
  • It supports business transactions and develops a backbone for future online services.
  • Provides a fully-fledged decentralized network of blockchains.
  • It describes itself as an ultra-fast network that is adaptable to business networks.
  • It is based on Proof-of-believability and has secured consensus protocol.
  • Its IOS helps in including the blockchains into the transactions.

Is IOST a promising cryptocurrency?

The IOST cryptocurrency is a stable crypto since it is non-volatile. Though it does not have a high trending rate, it still provides adequate liquidity than any other crypto.So, if you are looking for a digital currency that provides a stable income, IOST could be a good choice.

How to use IOST?

You can use the IOST coin in a business transaction as it is considered ultra-fast. You can use them in the following ways:

  • Exchange: IOST can be used on different trading and exchange platforms as they are highly stable. 
  • Investment: The growth of IOST tokens is slow, but they often grow at a stable rate. Therefore, they can be profitable and can be used excessively. 
  • International Transfer: It enhances the transfer of digital currencies internationally, without any included levy charges.
  • Online payment: It can be used as an online payment option on different e-commerce websites.

Pros & Cons of IOST

Pros

  • Easy Transactions:

    It is ultra-fast and helps in the easy transactions of a business.

  • Strong Ground:

    It removes the risk of price alteration and provides a firm ground for daily traders.

  • Stable Coin:

    The IOST is very stable.

Cons

  • Slow Growth Rate:

    The growth of IOST is pretty slow when compared to other coins, however it could be good for long term investment.

  • High Competition:

    It has high competition in the market, with crypto that have better return and value.

Trade IOST on CoinSwitch kuber

  • You can start investing in the IOST by paying a small amount of Rs.100 only.
  • It allows you to exchange currencies easily.
  • No processing fees are involved in the currency exchange.
  • No need to wait for a maturity period, and you withdraw money anytime.
  • Allows easy international trading with the best price.

IOST ICO summary

The ICO for IOST (iost) ended on 2nd January 2018. In the initial offering, 40% of the token was available for sale. It is an ERC-20 token and was available at $0.01 and raised a total of $31,300,000. The total count of tokens in the ICO was 21,000,000,000.

FAQ's on IOST

  • Who is the founder of IOST?

Kevin Tan, Justin Li, Terrence Wang, Sa Wang, Ray Xiao, and Jimmy Zhong are the founders of IOST (iost). 

  • What is the market cap of IOST?

The market cap of TIOST is $501,820,131.

  • What is the maximum supply of IOST?

The maximum supply of IOST coins in the current market is 90,000,000,000 IOST.

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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.

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The IOST cryptocurrency was developed to become the backbone for future online services.