IOST (IOST)

IOST is currently trading at $0.008206, after a price change of 0.26% in the last 24 hours.

Ranked as cryptocurrency #144 by capitalization today, IOST market cap is valued at $152,524,617. IOST trading volume reached $9,535,107 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on IOST coin price prediction page.

What is IOST?

IOST, also called the Internet of Service, is a blockchain that aims for scalability in support of smart contracts. The protocol is based on the proof-of-believability consensus algorithm and uses efficiently distributed sharding to enhance scaling and network security. The blockchain structure comprises innovations like the distributed randomness protocol, TransEpoch, Atomix, and MicroState Blocks. IOST is building an infrastructure that supports the deployment of enterprise-scale decentralized applications.

There are 18.59 billion circulating IOST tokens from a total supply of 18,588,745,668 and a hard cap of 90 billion. The IOS foundation made a token sale in 2018 after raising $35 million worth of ether. The sale was opened to the institutional investors with no additional public token sale. A total of 21 billion tokens were minted at the close of the sale. The private sale participants got a 40% allocation of the supply. 35% was set for the IOS foundation, while 12.5% was allocated to the community incentive coffer. 10% of the remaining supply went to the project team, while early investors got 2.5%.  

IOST was unveiled in 2018 by founders Jimmy Zhong, Terrence Wang, Justin Li, Ray Xiao, Sa Wang, and Kevin Tan.