We continue our acquaintance with unusual tokens that have replenished crypto exchanges this year. IOS Token (IOST) positions itself as a next-generation ecosystem token.
Team
The IOS Token project is led by Terrence Wang, and his team Jimmy Zhong, Kelvin Tan. In fact, the names are little-known and not well-known in the crypto community.
The team of creators includes advisers who ensure the popularization of cryptocurrency. There is also a solid list of key partners and investors.
Project
Internet of Services technology, or IOS, is a blockchain platform that makes it possible to split the entire network into separate nodes, or combine working segments if necessary. This allows you to achieve almost instantaneous network speed and high efficiency.
The main attention in the Whitepaper is focused on the availability of services with the further growth and development of the site.
The developers plan to use the Internet of Services system to implement large decentralized software such as DApp applications that will support an unlimited number of users.
The peculiarity of the project is the presence of a Proof of Believability mechanism. Unlike the original PoW, this mechanism is less expensive and more effective. Taken together, all these parameters affect safety. Blockchain has four distinctive characteristics: Proof of Truth, Efficient Distributed Block (EDS), Atomix, Micro State Blocks.
Token
IOS tokens are called IOST. A total of 21 billion IOSTs have been issued. These are ERC20 based tokens. The technical documentation indicates a clear distribution of tokens:
2.5% is reserved for investors and advisors.
10.00% is for the team.
12.50% is for attracting users.
35% is for the founders.
40% is for selling tokens in three stages.
The launch of your own wallet is planned in next year. You cannot purchase coins with fiat money. Transactions can only be carried out through Bitcoin and Ethereum. The tokens were launched in January of this year during the ICO, and were distributed among institutional investors. The cryptocurrency has been added to the exchange listing since the beginning of this year. According to coinmarketcap.com, IOStoken can be purchased on several platforms: Huobi, Binance, OKEx, BigONE., Kucoin., Cobinhood.
During the period of peak popularity, capitalization reached $1 billion. Then it started to fall..
Current capitalization is $301,871,640, and the exchange rate is $0.0359. Trading volume is approximately $30,706,400
Summary
IOST is a next-generation network digital token. The road map outlines serious plans for 2018-2019.
There is no consensus among experts regarding the prospects of the coin. Experts warn that a coin that is concentrated in a narrow circle of investors is not the best choice for investment. Trading volume on exchanges indicates the low popularity of the token. The token ranks 56th in the list of cryptocurrencies by capitalization.
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