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IOST Token (IOST): Everything you Wanted to Know before Investing!

IOST token (IOST) is one of the most popular cryptocurrencies in the crypto market (having more than 16,000 cryptocurrencies) currently. In terms of market cap, it is currently the 134th largest digital currency (over US$596.49 million in market capitalizations). Should you invest in it? Is it a good investment? To answer all your queries, let me walk you through the IOST token, how it works, and many more. 

What is the IOST Token (IOST)? How does it Work?

IOST is an “ultra-fast”, fully-fledged, and decentralized blockchain network/ecosystem. This network is based on the next-generation Proof of Believability (PoB) consensus protocol. It has its own nodes and wallets. 

Jimmy Zhong, Terrence Wang, Justin Li, Ray Xiao, Sa Wang, and Kevin Tan are the co-founders of IOST. They founded it as a technology startup in both China and the United States. This blockchain ecosystem was launched in Jan 2018. 

The blockchain infrastructure of IOST is open source in nature. Its team of founders and developers has designed it to be secure as well as scalable. IOST’s blockchain infrastructure wants to become the backbone for online services in the future. The proof-of-believability consensus algorithm ensures secure and efficient transactions on the network. 

IOST network has put their IOST token (Internet of Services Token) to solve the problems faced by the large corporations in embracing blockchains in a customer-facing environment. Its nearest competitors are Ethereum, EOS, and TRON. Both EOS and TRON are highly scalable smart contract platforms having high usage.

The most prominent aspect of this platform is that it is capable of processing up to 100,000 transactions per second. It is significantly larger than that of 20 tps of Ethereum network, 2,000 tps of Tron, and 4,000 tps of EOS. 

A novel blockchain architecture has been created by the IOST team. It introduces as well as combines many innovations such as:

  • Distributed Randomness Protocol
  • Efficient Distributed Sharding
  • TransEpoch, Atomix
  • Proof-of-Believability
  • Micro State Blocks

IOST network is secured by its proof-of-believability protocol (PoB) and efficient distributed sharding (EDS). These technologies enhance the blockchain network’s scalability as well as security. 

IOST claims that it can seamlessly handle heavy loads of enterprises including Facebook, Google, and Amazon. The success of this project depends heavily on partnerships with big corporations and enterprises. 

IOST Token (IOST): Facts & Figures

All these facts and figures (as of January 5, 2021) will help you to make a decision on investing in the IOST token. Before making IOST token transactions, check out these facts and figures associated with this cryptocurrency of choice:

  • IOST Network Token IOST Price: US$0.03295 (IOST Current Price)
  • 24hour Trading Volume (24h Volume): US$39,660,851
  • All-Time High (ATH) Price: US$0.1365 (reached on Jan 24, 2018)
  • All Time Low (ATL) Price: US$0.001562 (reached on Mar 13, 2020)
  • 24h Low: US$0.03247
  • 7d Low: US$0.0307
  • 30d Low: US$0.028
  • 90d Low: US$0.02354
  • 52 Week Low: US$0.005749
  • YTD (Year-To-Date) Return: 0.98% YTD (Year-To-Date)
  • Market Cap: US$596,486,227 (US$ 596.49 million)
  • Crypto Rank (in terms of market cap): 134th in the crypto market
  • Fully Diluted Market Cap: US$2,965,999,560
  • Max Supply: 90,000,000,000
  • Total Supply: 18,099,719,631
  • Circulating Supply: 18.10B IOST (20%)

If you check the IOST price chart and price history, you’ll find that since its launch, the price of IOST has in fact increased by +39.96%. Since its all-time low, it has bounced back by +2,008.27%. From its ATH, the current IOST price is still -75.87% down. So, before buying IOST tokens, you should check the fundamental and technical factors.

Always check out IOST markets, the ways to earn IOST tokens, market data, key metrics, comparison tools, and technical price analysis, top cryptocurrency price, price change over time, and cryptocurrency news before trading or investing. Also, consult crypto financial advisors and get tips from them on trending coins, know the ways of buying cryptocurrencies, and how to earn crypto easily. 

IOST IOST Token Price Prediction

  • According to Wallet Investor, the average price of IOST is going to reach around:
  • US$0.0676 by 2022
  • US$0.198 by 2026

  • According to DigitalCoinPrice, the average price of IOST is going to reach:
  • US$0.04613925190 by 2022
  • US$0.05116376759 by 2023
  • US$0.05643835049 by 2024
  • US$0.07130758174 by 2025
  • US$0.06291777050 by 2026
  • US$0.09428798827 by 2027
  • US$0.11445162503 by 2028
  • US$0.13856430214 by 2029

  • According to Trading Beasts, the maximum price of IOST is going to reach:
  • US$0.0427576 by 2022
  • US$0.0442315 by 2023
  • US$0.0587333 by 2024
  • US$0.0696816 by 2025

  • According to GOV Capital, the average price of IOST is going to reach:
  • US$0.0482 by 2022
  • US$0.0757 by 2023
  • US$0.112 by 2024
  • US$0.151 by 2025
  • US$0.192 by 2026

Where can you Buy IOST tokens?

You can buy IOST tokens in almost all reputed cryptocurrency exchanges including:

  • Bittrex
  • CoinEx
  • Livecoin
  • Binance
  • Bitrue

You can use credit cards, debit cards, or money transfers from a bank account to fund your cryptocurrency trading or investing account in a leading cryptocurrency exchange. 

The most popular price pairs of IOST are:

  • IOST/ETH, and many more.

Before investing, check out IOST history and its historical data, crypto news, IOST token price charts, price performance, market updates, IOST to USD (United States Dollar) exchange rate, the value of IOST token, the Bitcoin price trend (as IOST is one of the hard forks of the original Bitcoin token), trading fees, and others.

What are the Best Crypto Wallets to Store IOST tokens?

The best IOST token cryptocurrency wallets to store IOST coins are:

  1. Ledger Wallet
  2. TokenPocket Wallet
  3. Trezor Wallet
  4. Math Wallet
  5. Trust Wallet

Invest in IOST token and Other Cryptocurrencies

You can buy and sell IOST and other virtual currencies against various fiat currencies (US Dollar USD, British Pound Sterling, Canadian Dollar CAD, South Korean WON, Singapore Dollar, Taiwan Dollar, Russian Ruble, Chinese Yuan, Hong Kong Dollar, etc.) through a wide array of crypto exchanges (centralized or decentralized exchanges), crypto APIs or mobile app, and IOST token markets. Use Dollar Cost Averaging DCA strategy to invest in cryptos to minimize the risks associated with high volatility. 

If you want to increase your investment explosively in the coming 5-to-10 years, buy crypto coins now. Keep an eye on the market news, price statistics, block times, blockchain news, and others to time your trading of Defi protocols and tokens for maximum profit. 

You can also diversify your crypto coin portfolio by including other digital assets such as IOST, XMR, FIL, ETC, WBTC, BCH, BTC ETH, AAVE, Ripple XRP, Bitcoin Ether ETH, Bitcoin Cash BCH, Basic Attention Token, Ethereum Classic, Shiba Inu SHIB, Binance Coin, Dogecoin price, Wrapped Bitcoin (some also call it wrap bitcoin or wBTC), USD Coin, Gemini Dollar, ERC20 tokens (created on Ethereum blockchain), nonfungible tokens NFTs, and others. 

Also check whether you can exchange IOST token with the fiat currencies of other countries such as South Africa, Saudi Arabia, the Republic of the Congo, United Arab Emirates, United Kingdom, South Korea, and other countries.

Invest in cryptocurrencies, various types of stocks, mutual funds, index funds, real estate, and others to improve your personal finance. If possible, get help from a portfolio manager or wealth management firm for maximum return. You can also increase your income through yield farming, using Telegram bots and other automated trading bots, and many more.

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