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updated $0Market cap$31.72M
Volume 24h$4.49M
Circulating supply36.04B40% of max 90B
All-time high$0.13-99% from peak · 2018-01-23
IOS token (ticker: IOST) is the native cryptocurrency of the Internet of Services (IOST) blockchain, a platform built for high-speed decentralized applications. In simple terms, it's the fuel that powers the network: users spend IOST to run smart contracts and dApps, while those who help secure the network earn rewards in it. The project focuses on solving the scalability problem that slows down many older blockchains.
Frequently asked questions
What is IOST and how is it different from other cryptocurrencies?
IOST is the token of the Internet of Services blockchain, which was designed specifically for handling large volumes of transactions quickly and cheaply. Unlike first-generation blockchains that process transactions slowly, IOST uses a sharded architecture to split the workload across many nodes. Its main goal is to make decentralized apps practical for everyday use, not just experiments.
How does the IOST consensus mechanism work?
IOST uses a consensus algorithm called Proof of Believability (PoB), which selects validators based on their contribution to the network and their reputation rather than pure computing power. This approach keeps the network fast and energy-efficient while still being resistant to attacks. Validators who behave honestly accumulate 'believability' and get more chances to produce blocks and earn rewards.
What is the maximum supply of IOST tokens?
The total supply of IOST is hard-capped at 90 billion coins, meaning no more than that can ever be created. This fixed limit is written into the protocol and cannot be changed without consensus from the network. A large portion of tokens was distributed at launch, and the rest is gradually released through node rewards and the ecosystem.
How can I store and use IOST?
IOST is an ERC-20 token with the contract address 0xfa1a856cfa3409cfa145fa4e20eb270df3eb21ab, so it can be stored in any wallet that supports Ethereum-based tokens, such as MetaMask or hardware wallets. Within the IOST ecosystem itself, the token is used to pay transaction fees, deploy smart contracts, and participate in staking through node voting. Always double-check the contract address before sending tokens to avoid fakes.