What is the current price of IOST (IOST)?

The current price of IOST (IOST) is 0.006095765115462054 AUD, representing a -7.04 from the day prior.

Can I buy IOST (IOST) on Coinstash?

Yes - you can easily buy and sell IOST (IOST) on Coinstash. Simply login or sign up, to start buying IOST (IOST) in minutes.

Where is the best place to buy IOST (IOST) in Australia?

The best place to buy IOST (IOST) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell IOST (IOST) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.

What is the daily trading volume of IOST (IOST)?

The trading volume of IOST (IOST) is 16.3M AUD in the last 24hrs, representing a -7.04 from the day prior.

How can I buy IOST (IOST)?

IOST (IOST) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.

What is the market cap of IOST (IOST)?

The current market cap of IOST (IOST) is 154.6M AUD.

Can I convert IOST (IOST) to cash?

Yes - With Coinstash you can convert your IOST (IOST) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.

How many IOST (IOST) are there?

The current circulating supply of IOST (IOST) is 25.4B.

Is Coinstash a safe place to buy IOST (IOST) in Australia?

Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling IOST (IOST) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices here.

Buy IOST

What is IOST?

IOST, or Internet of Services Token, is a decentralized blockchain network designed to support the structure and demands of online services. It focuses on security and scalability by implementing a unique consensus mechanism called Proof of Believability (PoB). This system is engineered to accommodate enterprise-level transaction volumes and provide a reliable environment for decentralized applications.

How does IOST work?

IOST operates on innovative technologies such as Efficient Distributed Sharding (EDS) and the Proof of Believability (PoB) consensus algorithm. EDS increases transaction speeds by dividing the blockchain into shards, each capable of processing transactions independently. The PoB consensus assigns nodes a "believability" score, which is used to ensure trustworthy validation of transactions. Additionally, the platform includes features like TransEpoch, which smooths transitions between epochs, Atomix for secure cross-shard transactions, and Micro State Blocks for reduced storage and bootstrapping costs. The platform also supports the development of smart contracts using Solidity and JavaScript.

What are the potential use cases for IOST?

IOST's scalable and secure blockchain infrastructure allows for diverse applications across various sectors:

Online Payments and Services: IOST facilitates efficient transactions with low fees, benefiting service providers and e-commerce platforms.
DeFi and NFTs: It supports decentralized finance applications and the creation of non-fungible tokens, appealing to DeFi platforms and NFT marketplaces.
Smart Contracts and dApps: The platform fosters the development of decentralized apps in areas like gaming, gambling, and financial services.
Partnerships: Collaborations with organizations such as Amazon Web Services enhance its capabilities in Web3, Metaverse, and other emerging technologies.

What is the history of IOST?

IOST was founded by a team including Terence Wang, Jimmy Zhong, Kelvin Tan, and Ray Xiao, leveraging their experience from companies like Microsoft and Uber. The project raised $35 million in a private token sale in December 2017 and launched its mainnet in February 2019. It has achieved significant scalability milestones, such as a 0.5-second block time and 8,000 TPS. Over the years, the IOST ecosystem has expanded with partnerships, integration of sharding technology, and support for decentralized finance and NFTs, enhancing its market presence and technical capabilities.