IOStoken IOST Price $ 0.0105

IOStoken is a blockchain project that aims to address the issues of costly fees and slow transaction times on the Ethereum network and across the broader crypto world. As such, the team behind the project aspire to create a scalable and affordable alternative network on which decentralized applications can be deployed. In particular, it focuses on providing support for service-oriented projects and provides tools for the decentralized exchange of online services and digital goods. 

The IOST mainnet was launched in 2018. IOST is its native cryptocurrency. It can be used for staking, trading and engaging in the applications within the IOStoken ecosystem. IOST has a maximum supply of 90,000,000,000. 

What are IOStoken’s key features and how does it work?

IOStoken makes use of innovative technology to operate. This includes its next-generation Proof-of-Believability (PoB) consensus mechanism. A committee of 17 nodes which are selected in each round of block production help to validate and confirm transactions. They earn rewards for their participation. Nodes can be selected to hold one of the 17 committee seats by holding 2,100,000 IOST tokens. The entry barrier is comparatively low when compared with other types of DPoS networks. 

Another core feature of the platform is its use of Efficient Distributed Sharding technology. This means that the platform can scale efficiently and facilitate faster transaction speeds.

Thanks to this technology used, developers can benefit from the following from the IOStoken network:

• Cheap transaction fees;
• Ultra-rapid response times;
• Scalability and network stability.

What is noteworthy about IOStoken?

The IOST platform offers a comprehensive package of tools and services tailored to NFTs. This includes the tools for building entire NFT platforms.

Where can you buy IOST?

IOST is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are Binance, AscendEX, OKX, Huobi Global, MEXC Global, and Gate.io. The price of IOST will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for OVR market prices, please view the price charts on this page.