What is IOST?
IOST is a next-generation blockchain platform designed for high-performance public services such as online transactions and purchases via the Internet of Services (IOS). The IOStoken powers a decentralized ecosystem that facilitates fast, secure transactions between online service providers and users. With scalable and stable infrastructure, IOST allows customization based on varying requirements.
Since launching its mainnet, IOST has attracted numerous talented developers to its project team. Leveraging Efficient Distributed Sharding (EDS) and Proof-of-Believability (PoB) consensus mechanisms, IOST processes millions of transactions quickly while optimizing block creation and verification speeds.
Key Features of IOStoken
- HUDS Data Storage System: Acts as the backbone of the ecosystem, using blockchain to ensure secure, cost-efficient data storage and transmission.
- EDS (Efficient Distributed Sharding): Reduces workload during transaction validation, increasing processing capacity at higher speeds.
- Transparent Feedback System (FTFS): Ensures reliable user feedback after service completion, enhancing trust and fairness.
Development History & Roadmap
- Q2 2017: Conceptualization of IOS (Internet of Services).
- Q4 2017: Formation of the IOStoken development team.
- Q1 2018: Private MVP application testing.
- Q2 2018: Beta launch of EDS and PoB consensus.
- Q3 2018: Introduction of native smart contracts.
- Q4 2018: Deployment of HUDS data storage.
- Q1 2019: IOSVM testnet rollout.
- Q2 2019: Network security audit.
- Q3 2019: Mainnet launch with proprietary wallet.
- Q4 2019: Platform optimization.
IOStoken Development Team
The team comprises 50+ blockchain experts from Harvard, Princeton, Google, Uber, and Deloitte, with accolades including Forbes 30 Under 30 and Olympic informatics medals. Key members:
- Terrence Wang: Princeton researcher and CoinLang developer.
- Jimmy Zhong: Early BTC/ETH miner and serial crypto entrepreneur.
- Kelvin Tan: ACM/ICPC gold medalist and EtherCap CTO.
- Ray Xiao: Investor (ZhenFund) and startup advisor.
Investors include Sequoia Capital, Matrix Partners, and INBlockchain.
Token Metrics & Trading (As of June 2029)
- Price: $0.011508 USD (0.66% change).
- Rank: #57.
- Market Cap: $138.25M USD.
- 24h Volume: $33.63M USD.
- Max Supply: 21B IOST.
- Circulating Supply: 12.01B IOST.
Where to Buy & Store IOST
Exchanges: Binance, OKEx, Huobi, KuCoin (trading pairs: IOST/BTC, IOST/ETH, IOST/USDT).
Wallets:
- Long-term: MyEtherWallet, Ledger, Trezor (ERC-20 compatible).
- Active traders: Exchange-hosted wallets.
FAQs
Q1: Is IOST a good investment?
A1: IOST offers scalable infrastructure and strong partnerships, but market volatility requires thorough research before investing.
Q2: How does PoB consensus work?
A2: PoB prioritizes nodes with higher "believability" scores, combining fairness with efficiency.
Q3: What’s the utility of IOStoken?
A3: It powers transactions, staking, and governance within the IOST ecosystem.
Additional Resources
- Whitepaper: Efficient Distributed Sharding (EDS)
- Twitter: @iostoken
- Telegram: Official IOST Community
This guide equips you with essential knowledge about IOST for informed investment decisions. Happy trading!