Is Internet of Services (IOST) a Good Investment?

As the native cryptocurrency of a blockchain network that promises high speed, scalability, and security, investing in IOST could be a good option. Adding tokens like IOST is a great way to diversify your portfolio, especially if you wish to invest in assets with high value. The Internet of Services project drives mass adoption of decentralized technologies. It could turn more valuable amid the rising adoption of its technology by dApp developers and consumers. Such an uptick in its use could drive up the IOST price and make it a crypto asset worth investing in. The Internet of Services price could also register an uptrend amid an improvement in the overall market sentiment towards cryptocurrencies. As the price of leading cryptos like Bitcoin and Ethereum tick upwards, tokens like the IOST could also generate higher buyer interest, supporting the IOST price statistics.

What is the Internet of Services Price Prediction?

Although it is impossible to make an accurate IOST price prediction over any duration, based on its past performance, the Internet of Services price and market cap could experience volatility based on the following factors: >>Adoption of its ecosystem by dApps and users - higher adoption boosts the IOST price and vice versa. >>Changes in $IOST staking - higher staking activity increases the value of IOST Network and vice versa. >>Market sentiment - positive mood supports the Internet of Services price and vice versa As of September 2022, the IOST price remains well below its all-time high. Supporting fundamentals and sentiment among investors could see the price of Internet of Services token reclaim its highest price level and possibly head even higher to make new highs.

What Can IOST Token Be Used for?

IOST is the native cryptocurrency of the ultra-fast Internet of Services ecosystem. It has the following uses: Staking Community members can stake IOST on the Internet of Services blockchain to contribute towards securing the network. The process of staking within this ecosystem is called voting. As an $IOST token holder, you can vote for an existing node on the network and lock your holdings on them in exchange for rewards in IOST crypto. Buy and Trade IOST The IOST coin is a popular cryptocurrency to trade in the market or invest in. You can buy or sell Internet of Services tokens against other cryptocurrencies or hold it long-term if you believe in the future potential of the IOST Network. Check the live Internet of Services price, IOST market cap, circulating supply, 24-hour trading volume, and the latest crypto news before you trade IOST. Earn Passive Income on KuCoin KuCoin offers you two options to conveniently grow your crypto holdings by investing in $IOST: Crypto Lending: Use this feature to lend liquidity for IOST on our platform. Earn attractive daily interest for your contribution over seven days, 14 days, or 28 days. KuCoin Earn: Use this section to stake IOST via our platform. Lock your $IOST tokens over some time and put your tokens to work to generate a stream of passive income.

How Does IOST Achieve High Throughput?

The IOST Network offers a blocktime of 0.5 seconds against Ethereum’s 15-17 seconds. It also enjoys a finality of 29.5 seconds, while the Ethereum network offers a transaction finality of 170 seconds. What makes IOST Network faster than Ethereum and other leading dApp-supporting blockchains is its PoB consensus algorithm. All nodes in the network are classified into two categories: believable and normal. Believable nodes can process transactions quickly, while normal nodes are tasked with validating and verifying transactions. The network utilizes efficient distributed sharding (EDS) with the Distributed Random Protocol (DRP) for achieving horizontal scalability. DRP uses non-interactive zero-knowledge (NIZK) proofs and publicly verifiable secret sharing (PVSS) to ensure scalability without worrying about malicious nodes taking over the blockchain’s operations and compromising its security even as the infrastructure scales. Additionally, the TransEpoch node-to-shard transition assignment protocol lets the other nodes in the network continue to operate even as new nodes get added and download the blockchain’s historical data. Finally, the Micro State Blocks (MSBs) enable pruning of the blockchain’s storage for higher efficiency and throughput.

Voting is the process of staking $IOST on the Internet of Services blockchain. The IOST Network supports three kinds of staking or voting operations: Candidate Node Any token holder who fills the node application can become a candidate node. Partner NodeA candidate node gets upgraded to a partner node when they receive more than 2.1 million votes and passes the audit. Servi Node Servi nodes need a minimum of 10 million votes and should have functioned as partner nodes to contribute to the network’s security and fulfill specific requirements. Here’s how to stake $IOST on the IOST Network: >>Install the browser extension for the iWallet app - one of the official wallets for IOST tokens. Set up an account on the app. >>Fund your iWallet with IOST tokens purchased from KuCoin and withdrawn into the wallet. >>Head to this link: https://iostabc.com/producers to vote for Servi or partner node. >>Review the available nodes and select the node you wish to vote for.>>Enter the number of $IOST you wish to vote or stake to the node and click on Vote to process the order. >>Confirm the transaction after reviewing all details. >>Sit back and earn passive income from staking $IOST. Stake IOST Via KuCoin A more straightforward way to stake $IOST is through our KuCoin Earn service. >>Visit this page and find IOST from the list of cryptocurrencies we support. >>Review the latest APRs on offer, the tenor, and the type of staking program we offer. >>Click on Subscribe to proceed. >>Enter the number of IOST you wish to stake and confirm the transaction. >>Earn rewards conveniently and grow your IOST holdings using KuCoin.

How to Buy Internet of Services (IOST)

Price of Internet of Services (24h)$0.0045484016889143

-1.93%

Real-Time IOST Rate Converter

Interested in buying Internet of Services (IOST) or exploring other cryptocurrencies? This is the right place for you! KuCoin offers safe and easy ways to let you buy Internet of Services (IOST) instantly wherever you are! Check out all the ways you can buy IOST on KuCoin.

Buy Internet of Services (IOST) on KuCoin in Four Simple Steps

Create Your Free KuCoin Account

Sign up on KuCoin with your email address/mobile phone number and country of residence, and create a strong password to secure your account.

Secure Your Account

Ensure stronger protection of your account by setting Google 2FA code, anti-phishing code, and trading password.

Verify Your Account

Verify your identity by entering your personal information and uploading a valid Photo ID.

Add a Payment Method

Add a credit/debit card or bank account after verifying your KuCoin account.

Buy Internet of Services (IOST)

Use a variety of payment options to buy Internet of Services on KuCoin. We'll show you how.

Choose How You Want to Buy Internet of Services on KuCoin

Buying cryptocurrencies is easy and intuitive on KuCoin. Let's explore the different ways of buying Internet of Services (IOST).

Buy Internet of Services (IOST) with crypto on the KuCoin Spot Market

With support for 700+ digital assets, the KuCoin spot market is the most popular place to buy Internet of Services (IOST). Here's how to buy:

1. Buy stablecoins such as USDT on KuCoin using the Fast Trade service, P2P, or through third-party sellers. Alternatively, transfer your current crypto holdings from another wallet or trading platform to KuCoin. Make sure your blockchain network is correct, since depositing crypto to the wrong address may result in loss of assets.

2. Transfer your crypto to a KuCoin Trading Account. Find your desired Internet of Services (IOST) trading pairs in the KuCoin spot market. Place an order to exchange your existing crypto for Internet of Services (IOST).

Tip: KuCoin offers a variety of order types to buy Internet of Services (IOST) in the spot market, such as market orders for instant purchases and limit orders for buying crypto at a specified price. For more information about order types on KuCoin, click here.

3. As soon as your order is successfully executed, you will be able to see your available Internet of Services (IOST) in your Trading Account.

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How to Store Internet of Services (IOST)

The best way to store Internet of Services (IOST) varies based on your needs and preferences. Review the pros and cons to find the best method of storing Internet of Services (IOST).

Store Internet of Services in Your KuCoin Account

Holding your crypto in your KuCoin account provides quick access to trading products, such as spot and futures trading, staking, lending, and more. KuCoin serves as the custodian of your crypto assets to help you avoid the hassle of securing your private keys on your own. Make sure to set up a strong password and upgrade your security settings to prevent malicious actors from accessing your funds.

Hold Your Internet of Services in Non-Custodial Wallets

"Not your keys, not your coins" is a widely recognized rule in the crypto community. If security is your top concern, you can withdraw your Internet of Services (IOST) to a non-custodial wallet. Storing Internet of Services (IOST) in a non-custodial or self-custodial wallet grants you complete control over your private keys. You can use any type of wallet, including hardware wallets, Web3 wallets, or paper wallets. Note that this option may be less convenient if you wish to trade your Internet of Services (IOST) frequently or put your assets to work. Be sure to store your private keys in a secure location as losing them may result in the permanent loss of your Internet of Services (IOST).

What Can You Do with Internet of Services (IOST) on KuCoin?

Hold

Store your Internet of Services (IOST) in your KuCoin account.

Trade

Trade Internet of Services (IOST) in the spot and futures markets.

Earn

Earn passive income by staking or lending Internet of Services (IOST).

Why Is KuCoin the Best Platform to Buy Internet of Services (IOST)?

Safe and Trusted

Our regular Proof of Reserves (PoR) mechanism ensures that customer funds are backed by 1:1 real assets. KuCoin was named one of the Best Crypto Exchanges by Forbes in 2021 and selected by Ascent as the Best Crypto App in 2022.

High Liquidity

Boasting a high liquidity order book for all listed cryptocurrencies, KuCoin delivers a liquid trading experience with tight spreads.

Home of Crypto Gems

KuCoin supports more than 700 cryptocurrencies and is the best place to find the next crypto gem. Buy Internet of Services and trade it against various digital assets on KuCoin.

Intuitive Interface

Buying Internet of Services (IOST) on KuCoin is quick and easy, thanks to our intuitive interface and powerful technology. Obtain IOST in an instant when you buy on KuCoin.

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FAQ

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Internet of Services (IOST) Price Analysis

Live Price

The live price of IOST is 0.004502 USD, representing a decrease of -0.88% in the past 7 days and -1.93% decrease in the past 24 hours.

Historical Trends

The all-time high of IOST was 0.136496 USD on 01-24, 2018, from which the coin is now down -96.70%.
The all-time low of IOST was 0.001562 USD, from which the coin is now up 65.31%.

ATL0.00156203910694

ATH$ 0.136496

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Disclaimer

Given the nature of the crypto market, the price of Internet of Services (IOST) is subject to high market risk and price volatility. We recommend you invest in digital assets only after you understand how they work and their associated risks. Other factors to consider when devising your crypto investment strategy include your experience level, financial situation, investment objectives, and risk tolerance. You could also consult an independent financial advisor before buying cryptocurrencies. The above information is not financial advice, and past performance is not a reliable indicator of how the market will fare in the future. The value of your investments and assets may rise or fall based on market conditions, and there is no guarantee that you will get back the amount you invest or profit from your investments. Your investment decisions are your sole responsibility, and KuCoin is not responsible for any losses you may incur when you buy crypto on its platform. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information is provided to you solely for informational purposes and is not warranted by KuCoin.