IOST

IOST Price

What is IOST about?

IOST is building an ultra-high TPS blockchain infrastructure to meet the security and scalability needs of a decentralized economy. Led by a team of proven founders and backed by $40 million from world-class investors, including Sequoia and Matrix, IOST aims to be the underlying architecture for the future of online services.

What makes IOST unique?

The powerful consensus algorithm “Proof-of-Believability” enables next-gen transaction throughput speeds while ensuring nodes stay compliant, using factors including IOST token balance, reputation-based token balance, network contributions and user behaviors. A faster grade Byzantine Fault Tolerance mechanism, microstate blocks, Atomic Commit protocol and a dynamic sharding protocol (Efficient Distributed Sharding) all ensure transactions are safeguarded, consistent and lightning fast while reducing storage, configuration costs and processing power for validators.

What's the history of IOST?

Terrace Wang, Kimmy Zhong, and Ray Xiao co-founded the project. The team has 12 employees and 4 advisors, including Ryan Bubiski, a co-founder of CodeAcademy and a winner of Time's Most Influential People award, who plays a major role in the advisory board. The project has partnered with about sixteen blockchain and cryptocurrency-oriented companies, such as Sequoia, Nirvana Capital, and DFund, and has strong investors.

What can IOST be used for?

IOST allows anyone to participate in every layer of the system, from using services on the blockchain to running a node and validating transactions. The project aims to disrupt traditional business methods by creating a self-operated, trustless network that maximizes network value for all parties. IOST emphasizes decentralized and secure information storage, and provides for Dapps and smart contracts, creating a censorship-resistant and trustless network that is open to all, using blockchain technology to cut out middlemen and maximize network value for all parties.

Where can you buy IOST?

IOST tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade IOST is Binance, where the most active trading pair IOST/USDT has a trading volume of $257,082.31 in the last 24 hours. Other popular options include LBank and GroveX.

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

The trading volume of IOST (IOST) is $3,680,938.02 in the last 24 hours, representing a -16.10% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for IOST (IOST)?

IOST (IOST) reached an all-time high of $0.1298 and an all-time low of $0.0005257. It’s now trading -99.30% below that peak and 61.90% above its lowest price.

What is the market cap of IOST (IOST)?

Market capitalization of IOST (IOST) is $30,639,751 and is ranked #706 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of IOST tokens (36 Billion tokens are tradable on the market today).

What is the fully diluted valuation of IOST (IOST)?

The fully diluted valuation (FDV) of IOST (IOST) is $30,639,751. This is a statistical representation of the maximum market cap, assuming the maximum number of 90 Billion IOST tokens are in circulation today. Depending on how the emission schedule of IOST tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of IOST compare against its peers?

With a price decline of -5.80% in the last 7 days, IOST (IOST) is underperforming the global cryptocurrency market which is up 1.70%, while underperforming when compared to similar Smart Contract Platform cryptocurrencies which are up 1.70%.