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IOST Price (IOST)

IOST Price (IOST)

Currency:
IOST to USD:
1 IOST equals $ 0.007205 USD+16.09%1D
Page last updated: 2024-12-21 08:42 (UTC+0)
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Note: This information is for reference only.

Price of IOST today

The live price of IOST is $ 0.007205 per (IOST / USD) with a current market cap of $ 153.58M USD. 24-hour trading volume is $ 27.79M USD. IOST to USD price is updated in real-time. IOST is +16.09% in the last 24 hours with a circulating supply of 21.32B.
IOST Price History USD
Date ComparisonAmount Change% Change
Today$ 0.000998+16.09%
30 Days$ 0.001038+16.84%
60 Days$ 0.002083+40.66%
90 Days$ 0.001796+33.19%

IOST Market Information

24h Low & High
Low: $ 0.005661
High: $ 0.00734
The highest and lowest price paid for this asset in 24 hours.
All Time High
$ 0.136496
The highest price paid for this asset since it was launched or listed.
Price Change (1h)
-1.7%
The percentage change in price for this asset compared to 1 hour ago.
Price Change (24h)
+16.09%
The percentage change in price for this asset compared to 24 hours ago.
Price Change (7d)
-19.42%
The percentage change in price for this asset compared to 7 days ago.

IOST Market Information

Popularity
#365
Popularity is based on the relative market cap of assets.
Market Cap
$ 153.58M
Market cap is calculated by multiplying the asset's circulating supply with its current price.
Volume (24hours)
$ 27.79M
The total dollar value of all transactions for this asset over the past 24 hours.
Circulation Supply
21.32B
The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
Total Maximum Supply
--
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
Fully Diluted Market Cap
$ 153.58M
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
Issue Date
2018-01-11

What Can You Do With IOST (IOST)?

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About IOST ($IOST)

IOST is an industrial-level decentralized blockchain network founded in 2016 by a group of experienced tech entrepreneurs and professionals. The network is designed to support enterprise-scale transaction volumes, such as those seen with Amazon, Google, or Facebook, and can process up to 100,000 transactions per second (TPS). IOST's blockchain employs sharding, a technique that enhances efficiency by processing transactions in smaller sub-chains within the main blockchain. The network leverages its unique Proof-of-Believability (PoB) consensus algorithm to optimize the efficiency of the IOST blockchain.

Initially built on the Ethereum blockchain as an ERC-20 token, IOST transitioned to using PoS for transaction validation following The Merge. IOST tokens serve various purposes within the decentralized ecosystem, including staking opportunities usually found on the IOST Swap site. Real-time IOST price updates are available on Binance.

Several recent developments have shaped the IOST landscape, such as the establishment of a $100 million fund by the IOST Foundation to attract Ethereum Virtual Machine (EVM) developers, a strategic alliance with the Label Foundation to build a long-lasting ecosystem for music IP non-fungible tokens (NFTs), and the selection of CMO Blake Jeong as co-CEO with a focus on user-friendly experiences and regional expansion.

Other notable milestones include an agreement between IOST and Amazon Web Services (AWS) to improve its web3, DeFi, NFT, and GameFi offerings by integrating with AWS' Web3 systems, a partnership between IOST Labs and Boosty Labs to promote blockchain developer growth and innovation, and a $10 million investment in IOST by BitValue Capital, demonstrating the firm's belief in the project's potential and growth.

People Also Ask: Other Questions About IOST

  1. What Does IOST Stand For?

    IOST stands for Internet-of-Service Token. This reflects the network's intended function as an interconnected blockchain that supports independent blockchain development and deployment. IOST also aims to provide an ecosystem to support the high transaction volumes of large tech companies like Facebook and Google.

  2. What is IOST Used For?

    The IOST cryptocurrency is used in the IOST network's PoB consensus model. IOST holders can stake their tokens for network participation, which is decided by a democratized selection process that takes into account the size of each stake, positive reviews received, and previous actions performed.  

    IOST's operational design also features the internal SERVI token, which incentivizes nodes in the consensus process. The amount of SERVI held by a node is a factor in the node selection process for Credible validator status. This process occurs every 10 minutes to ensure balanced participation.

  3. How Do Network Consensus and Validation Work on IOST?

    IOST uses its own PoB algorithm, whereby nodes are separated into two groups: "Credible" and "Normal". Validators in the Credible group process the first phase of transactions and nodes in the Normal group verify the first phase and confirm the accuracy of the processed transactions.  

    PoB also involves a group called a "block production committee" which is responsible for oversights on the network. Every 10 minutes, 17 nodes in the Credible group with the highest amount of SERVI are rotated into a committee seat. Hundreds of nodes are placed in this role daily to help ensure democratization.

    Another way in which IOST ensures democratization is by having nodes give SERVI to unrelated nodes. This occurs when the nodes leave the committee seat and serves to boost the unrelated nodes' chances of being selected at some point.

  4. Who Is the Founder of IOST?

    IOST was founded in 2016 by CEO Jimmy Zhong, along with Justin Lee, Kevin Tan, Ray Xiao, Sa Wang, and Terrence Wang. They went on to launch the project's testnet in 2018, followed by the first version of its mainnet in 2019. Zhong is a serial entrepreneur credited with founding multiple tech start-ups in China before establishing IOST. As of February 2023, IOST is also led by Co-CEO Blake Jeong, organization's former CMO.


     

  5. What is the Circulating Token Supply of IOST?

     At the time of writing, IOST has a circulating supply of approximately 18.7 billion tokens.

  6. What Makes IOST Different From Others?

    IOST was developed as a backbone for large enterprises seeking to operate in the blockchain environment and offer high throughput when handling large transaction volumes. In fact, IOST's founders set out to create a network that could handle transaction volumes as large as Amazon's.  

    The blockchain has reportedly been prepared for mass adoption and offers a readily available Blockchain-as-a-Service (BaaS) product, as well as a wallet for its native token. The IOST token can be swapped for ETH using the Ethereum bridge hosted on the IOSTswap site. The network has announced plans to host and launch an algorithmic stablecoin at some point in the future. 

  7. How To Buy IOST?

     IOST can be purchased directly from Binance using a debit or credit card and traded for other cryptocurrencies on the crypto exchange. Live IOST price is updated in real-time on Binance. Additional IOST price and purchase information is available in our How to Buy IOST (IOST) Guide.

     

IOST to Local Currency

FiatPriceOperation
1 IOST to USD$ 0.007205
1 IOST to TRY$ 0.007205
1 IOST to RUB$ 0.007205
1 IOST to EUR$ 0.007205
1 IOST to AED$ 0.007205
1 IOST to AUD$ 0.007205
1 IOST to BRL$ 0.007205
1 IOST to VND$ 0.007205
Last updated 2024/12/21 08:42 (UTC)

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