What Is IOST (IOST)?
IOST (Internet of Services Token) is a high-performance public blockchain enabling developers to build decentralized applications (dApps) using JavaScript. Launched in December 2017, it provides infrastructure tailored for online service providers.
Key Features
- Proof of Believability (PoB): A unique consensus algorithm that selects validators based on node credibility, ensuring high network decentralization.
- Scalability: Optimized for high throughput and low latency, making it ideal for enterprise use cases.
IOST Price Analysis (2024 Update)
Current Market Data
- Price (as of October 2024): $0.005 (~¥0.7)
- Year-to-Date High (March 2024): $0.015 (~¥65)
- All-Time High (January 2018): $0.143 (~¥21)
- YTD Performance: -53.21%
Market Capitalization & Sector Ranking
IOST ranks 9th in the IoT blockchain sector with a market cap of ~$100 million. Key competitors:
- Artificial Superintelligence Alliance (FET): ~$3B
- VeChain (VET): ~$2B
- MVL: ~$90M
Major Milestones & Partnerships
- 2021: Partnered with NFT-Japan for RIZIN FIGHTING COLLECTION.
- 2022: Launched a $120M ecosystem development fund.
- 2023: Collaborated with AWS to enhance infrastructure.
IOST Ecosystem & Support Organizations
- IOST Foundation: Singapore-based nonprofit overseeing token issuance and development. Joined Japan Blockchain Association (JBA) in 2021.
- IOST Labs: Focused on AI-driven blockchain innovations (established April 2023).
Tokenomics
- Total Supply: 90B IOST
- Circulating Supply: 21.3B IOST (23% of max supply)
- Funding: Raised $45M, including a $10M strategic round led by BitValue Capital.
Future Outlook & Roadmap
Upcoming Developments
- Mainnet Upgrades: Boosting TPS and dApp usability.
- Cross-Chain Integration: Exploring Layer 2 solutions.
- AI Integration: Through AI Native Chain, enabling deep learning in smart contracts.
Investment Risks
- Price Volatility: Struggles to regain momentum post-2021 DeFi boom.
- Competition: Needs to differentiate in the crowded IoT/AI blockchain space.
FAQs
1. Is IOST a good investment in 2024?
While IOST shows promise in AI and IoT, its performance depends on broader market trends and successful roadmap execution.
2. How does PoB differ from PoS?
PoB evaluates node trustworthiness beyond just stake size, enhancing decentralization.
3. Where can I buy IOST?
👉 Trade IOST on leading exchanges
4. What’s IOST’s long-term vision?
To bridge blockchain with real-world services, focusing on scalability and AI integration.
For deeper insights, explore 👉 IOST’s latest partnerships.
Note: This guide excludes promotional links and ad-heavy sections for clarity.
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