What is IOStoken(IOST)?
The Internet of Services (IOS) is an innovative and secure blockchain paradigm designed to provide horizontal scalability and high transaction throughput. The IOS platform not only offers its users a completely decentralized way to exchange online services and digital goods but also enables developers to deploy large-scale dApps with the ability to support a massive number of users.
The native IOS blockchain tokens are called IOST. There’s a total supply of 21 billion IOST. No public sale will be held for IOST. The token sale was only open to institutional investors. The private sale was completed in early April 2018. 40% of the total supply of tokens were allocated during the private token sale. 35% were reserved for the IOS Foundation to be used for ecosystem-building and development. IOS is led by co-founders Terrence Wang, Jimmy Zhong, Ray Xiao, Bosch Lee, and Kelvin Tan. The company has received investments from ZhenFund, Sequoia, Matrix Partners, Banyan Capital, Metropolis VC, INBlockchain, and others.
How Does IOST Work?
In the IOS, all intelligent IoT devices, like computing devices, self-driving vehicles, drones, unmanned terminals, and storage devices, can be considered nodes in the network.
Devices that are unable to function as first-class nodes (say, due to resource constraints) can run an IOS light client using Simplified Payment Verification (SPV) to verify transactions. Through this system, every node has a unique identity hash to ensure it can be registered efficiently, discovered, and processed. Meanwhile, users interact with the IOS blockchain through an Account.
Another key feature of the IOS is called the Hyper Universe Distributed System, or HUDS. Through this system, the IOS aims to provide a blockchain capable of hosting a wide range of service providers – including everything from independent small business owners to enterprise services like Amazon or Alibaba.
How to buy IOStoken(IOST)?
The users have to get a wallet to make the coin safe. Then create a password for the wallet which will not be forgotten. Then you can trade some other coin like Etghreum and can purchase IOS with it in an exchange like Binance, Huobi, OKEx, bigone.
IOStoken(IOST) Price prediction 2018
IOST can be a profitable investment option. IOStoken price today is $0.116123 and the market cap value is $788,952,426. The current supply is 6,794,109,922 IOST and volume is $782,541,000. IOStoken price, IOStoken price chart, IOStoken exchanges, IOStoken wallets, IOStoken history, IOStoken mining, where to buy IOStoken, how to buy IOStoken.