IOST Coin is a cryptocurrency project focused on scalability and decentralization. The project aims to advance by offering fast, decentralized, and transparent blockchain infrastructure necessary for future online services. Its consensus algorithm uses the Proof-of-Believability method, focusing precisely on this aspect.
The IOST team, realizing that multinational companies would never use blockchain-based technologies without sufficient scalability, has embarked on this path. Highlighting that the Proof-of-Work model used by Bitcoin is not scalable enough, the team is currently following its roadmap.
What is IOST Coin?
IOST Coin is the primary cryptocurrency of this blockchain network. The crypto, standing for Internet of Services, enables transactions on this highly scalable network. IOST targets corporate investors and has taken significant steps in this regard. Particularly, a collaboration with Microsoft Azure helped make IOST well-known.
As of the writing of this article, IOST ranks as the 107th largest cryptocurrency. With a unit price of $0.0060, the IOST/USDT pair could significantly increase in value if it reaches more corporate users.
Where to Buy IOST?
How exactly is IOST Coin purchased? Binance emerges as the most popular platform for this purpose, offering liquidity and security that influence investor preferences.
- To buy IOST Coin, first deposit USD balance in the exchange or buy an alternative cryptocurrency. Start by visiting the Binance homepage, click on the “Buy Crypto” option in the upper left, and then the “Credit/Bank Card” tab.
- In the opened tab, select how much USD you want to spend, and mark Tether, i.e., USDT in the Coin section.
- After purchasing USDT, preview the “Buy-Sell” option in the upper left again and click on the “Classic” tab.
- In the opened section, select the USDT tab from the upper right, type IOST in the search button, and select the IOST/USDT pair that appears below.
- Then go to the “BUY IOST” tab in the middle, enter the amount you want to buy.
- Enter the desired amount and complete the IOST Coin purchase by confirming the transaction.
