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Iost

IOST

IOST

IOST

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₹0.38

LIVE

24H Low ₹0.37

24H High ₹0.39

Price of IOST today

The current live price of IOST today is ₹0.38, with a 24-hour trading volume of ₹45,56,00,175.33. Our IOST to INR price is updated in real-time. IOST has seen a decrease of -0.91% in the last 24 hours. With a live market cap of ₹8,14,53,26,945.10 , the circulating supply is at 21,315,000,000 IOST coins, with a maximum supply of 21,315,000,000IOST coins.

IOST Price History

Date ComparisonAmount Change% Change
Today-₹0.004425

1.15%

7 Days-₹0.05

11.09%

30 Days-₹0.06

14.23%

1 Year-₹0.43

53.64%

IOST Price Information

Price Change (1hr)

1.14%

Price Change (24hr)

1.15%

Price Change (7d)

11.09%

IOST Market Stats

Market Cap

₹8,14,53,26,945.10

Fully Diluted Market Cap

₹8,14,53,26,945.10

24hr Volume

₹45,56,00,175.33

21.16%

Circulating Supply

21315000000 IOST

Total Supply

21315000000 IOST

Things to know about IOST

What is the token?

  • IOST token is the native cryptocurrency of the IOST blockchain.

  • IOST stands for Internet of Services Token.

  • The blockchain focuses on high transaction throughput, scalability, and security.

  • IOST uses Proof of Believability (PoB) consensus mechanism.

Tokenomics

  • Total supply: 90 billion IOST tokens.

  • Distribution includes token treasury, community, business development, marketing, team, and investors.

  • Inflationary emission rate; supply fully vested at mainnet launch in February 2019.

Market Data

As of today 05 November 2024, the price of IOST is ₹0.38 INR, with a 24-hour trading volume of 5148024.58 USD. The market capitalization for IOST is 92037592.6USD. The circulating supply is 21315000000 IOST, with the total supply also being 21315000000 IOST.

Token Pros and Cons

Pros:

  • Scalability

  • : IOST’s blockchain is designed to support high transaction throughput, which is crucial for large-scale applications.

  • Innovative Consensus Mechanism

  • : The Proof of Believability consensus mechanism aims to improve scalability and security.

  • Developer-Friendly

  • : Supports popular programming languages like JavaScript, making it accessible to a wide range of developers.

  • Strong Team and Backing

  • : IOST’s team has a diverse and rich professional background, and the project is backed by world-class investors.

  • Recent Positive Price Trends

  • : IOST has shown strong potential and an upward price trend in recent times.

  • Partnerships and Ecosystem Growth

  • : IOST is actively seeking partnerships and expanding its ecosystem, which could lead to increased adoption and demand for the token.

  • Staking Rewards

  • : Users can earn rewards for staking IOST, which can be an incentive for long-term holding.

Cons:

  • Market Volatility

  • : Like all cryptocurrencies, IOST is subject to market volatility and price fluctuations.

  • Competition

  • : IOST faces stiff competition from other blockchain platforms that offer similar features and capabilities.

  • Regulatory Uncertainty

  • : The regulatory environment for cryptocurrencies is still evolving, which could impact IOST’s adoption and price.

  • Complex Technology

  • : The advanced technology behind IOST, while a strength, can also be a barrier to understanding and adoption for some users.

  • Dependence on Ecosystem Development

  • : The success of IOST is closely tied to the development and adoption of its ecosystem, which is not guaranteed.

  • Token Dilution

  • : The total supply of IOST tokens is significant, and as more tokens enter circulation, there could be a dilutive effect on the value of each token.

  • Limited Historical Performance Data

  • : As a relatively new project, IOST needs more historical data to assess its long-term performance and risk.

Why Should You Invest in the Coin?

  • High transaction throughput, strong team, and notable partnerships.

  • Focus on scalability and enterprise-level services could drive future growth.

USP of the coin

  • The proof of Believability consensus mechanism balances decentralization with scalability and security.

The problem the coin is solving

  • Addresses scalability and throughput issues for enterprise-level online services.

Founder and team background

  • Co-founders: Terrence Wang, Justin Li, Ray Xiao, Sa Wang, Jimmy Zhong, Kevin Tan.

  • Team experience from Uber, Oracle, Kraken, and BCG.

ICO Price

  • ICO price: $0.004167 per token during the private sale on December 1, 2017.

Risks Associated with Investing in the Coin

  • Market volatility, regulatory changes, competition, and need for adoption.

Whitepaper Insights

The IOST whitepaper introduces the Internet of Services (IOS) as a scalable and secure blockchain platform designed to provide high-quality online services. The IOS platform aims to address the scalability issues that plague current blockchain technology, offering a high transaction throughput while maintaining security and decentralization.

At the core of the IOS platform is the Proof of Believability (PoB) consensus mechanism, which allows for the efficient and secure validation of transactions. PoB is a novel approach that takes into account the participants’ past contributions and behaviours to ensure a fair and balanced distribution of rewards without the energy costs associated with Proof of Work (PoW) systems.

The IOST token serves as the medium of exchange within the IOS ecosystem, facilitating transactions, service fees, and the distribution of rewards. The platform employs a fair and transparent feedback system, where users’ behaviours are tracked and rewarded, incentivizing positive contributions to the network.

To prevent double-spending and ensure the integrity of transactions, IOST uses the Byzantine Shard Atomic Commit (Atomix) protocol. This protocol is designed to work in tandem with the PoB consensus to provide a secure transaction environment.

The IOS platform is not only a transactional network but also a full-fledged environment for developers to build and deploy decentralized applications (dApps). The IOST blockchain supports smart contracts and offers a range of tools and languages for developers, making it an accessible and versatile platform for a wide array of online services.

The whitepaper outlines the technical architecture of the IOS platform, including the Efficient Distributed Sharding (EDS) technology, which allows for the horizontal scaling of the network. EDS ensures that the IOS blockchain can handle a large number of nodes while maintaining high transaction throughput.

The IOS platform also introduces the Micro State Block (MSB) technology, which reduces the storage and computational requirements for participating nodes. This innovation is crucial for maintaining the performance of the network as it scales.

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Price as per 10:52 AM • 05 Nov 2024

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What is the price of IOST (IOST)?

The current price of IOST (IOST) in INR is ₹0.38 INR.

What is the current IOST market cap?

The current market capitalization of IOST (IOST) is ₹8,14,53,26,945.10 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of IOST by the number of coins in circulation.

What is the current supply of IOST (IOST)?

The current supply of IOST (IOST) is 21315000000 IOST. This figure represents the total number of coins that have been mined and are currently in circulation.

What is the 24 trading volume of IOST (IOST)?

The 24-hour trading volume of IOST (IOST) in INR is ₹45,56,00,175.33. This figure represents the total value of all IOST transactions across various exchanges within the last 24 hours.

How to Buy IOST (IOST) in India?

To buy IOST (IOST) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in IOST.

Can I buy IOST (IOST) with UPI?

Yes, you can buy IOST (IOST) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.

How to Convert IOST (IOST) to Indian Rupee (INR)?

To convert IOST (IOST) to Indian Rupee (INR), you can use our IOST/INR conversion rates in real time.

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