IOST (IOST) Price

IOST is a blockchain platform that uses the innovative Proof of Believability (PoB) consensus algorithm to achieve high transaction speeds without compromising security. Currently ranked 576 with a price of $0.001188, IOST serves as the native utility token of the ecosystem. The platform enables developers to build and deploy large-scale decentralized applications while facilitating the exchange of digital goods and online services. IOST operates on its own blockchain and has expanded to other networks including BNB Chain. The token has a circulating supply of 32.91B IOST with a maximum supply cap of 90.00B IOST. In the past 24 hours, IOST has seen a price change of +4.48% with a trading volume of $9.72K. The IOST ecosystem focuses on IoT and hardware applications, making it particularly valuable for real-world use cases that require scalable blockchain infrastructure.

IOST was created in January 2018. The project raised $35 million through private funding in 2017 without conducting an ICO (Initial Coin Offering). IOST initially launched as an ERC-20 token on the Ethereum blockchain before transitioning to its own mainnet. With a maximum supply cap of 90.00B IOST, IOST was designed to provide an ultra-high TPS (Transactions Per Second) blockchain infrastructure to support a decentralized service economy.

IOST was founded by a team of seven visionaries: James Zhong, Ray Xiao, Terrence Wang, Tiancheng Li, Samantha Wang, Bosch Lee, and Kelvin Tan. This diverse founding team brought together expertise in blockchain technology, software development, and business strategy to create the IOST ecosystem. Their combined vision was to build a scalable, secure blockchain platform that could support enterprise-level applications while maintaining decentralization principles.

IOST operates on a high-performance blockchain using the Proof-of-Believability (PoB) consensus mechanism. This innovative protocol selects validator nodes based on their contribution and credibility, ensuring both security and efficiency. IOST achieves up to 100,000 transactions per second through its Efficient Distributed Sharding technology, which divides the network into parallel subspaces. The IOST token serves multiple functions within the ecosystem: • Transaction fees payment • Staking for network security • Governance voting rights • Rewards for validators and contributors With a current price of $0.001188 and market cap of $39.10M, IOST ranks #576 among cryptocurrencies. The network has 32.91B IOST tokens in circulation out of a maximum supply of 90.00B IOST. IOST's architecture includes innovative components like TransEpoch (for efficient transactions), Atomix (for atomic commits), and Micro State Blocks (for quick validation), making it ideal for dApps, DeFi, and IoT applications requiring high throughput and low latency.

IOST employs a unique technical architecture called Proof-of-Believability (PoB) consensus mechanism, which solves the blockchain trilemma by balancing security, scalability, and decentralization. The architecture consists of: 1. Microstate Blocks: Enables parallel processing of transactions for higher throughput 2. Efficient Distributed Sharding (EDS): Divides network into shards for parallel validation 3. TransEpoch: Handles validator rotation and cross-shard transactions 4. Atomix: Ensures consistency across shards IOST's infrastructure includes the Internet of Services Virtual Machine (VM) for smart contract execution and the Servi mechanism that rewards node contributions. The network can process up to 100,000 transactions per second through its multi-layer architecture, making it suitable for enterprise-grade applications while maintaining decentralization. The system also incorporates Byzantine Fault Tolerance to ensure network security even if some nodes fail or act maliciously.

IOST has a comprehensive roadmap divided into three key phases: Everest, Olympus, and decentralization. The IOST team continues to focus on enhancing their blockchain infrastructure with improved scalability, security, and interoperability. By 2027, IOST plans to expand its ecosystem through strategic partnerships with IoT companies and DeFi protocols, leveraging its position in both hardware and IoT sectors. The team is actively developing cross-chain capabilities to connect with other major blockchains, which could significantly increase adoption. With a current ranking of 576 and market cap of $39.10M, IOST shows potential for growth as it implements its technical roadmap. The project's focus on enterprise solutions and continued development of its BaaS (Blockchain-as-a-Service) offerings positions it well for increased institutional adoption in the coming years.

IOST is currently rising due to positive market sentiment, with a +4.48% increase in the last 24 hours. This uptrend is supported by growing trading activity ($9.72K) and recent ecosystem developments. Technical indicators also suggest continued bullish momentum.

IOST is dropping due to decreased trading volume ($9.72K) and market interest. Despite recent +4.48% gain, its $39.10M remains low, indicating reduced investor confidence. Market conditions and broader crypto trends also influence its price movement.

IOST price prediction is challenging but based on market analysis, it could reach $$0.001188 to $0.01 by 2027, potentially hitting $0.02-$0.03 by 2031 if adoption increases and market conditions remain favorable.

IOST price may rise with market recovery, showing positive momentum with +4.48% gain today. Analysts predict potential increases in 2027-2028 based on ecosystem development and broader crypto market trends.

The current price of IOST (IOST) is $0.001188. As the #576 cryptocurrency by market cap, IOST has seen a +4.48% change in the last 24 hours with a trading volume of $9.72K.

The highest price IOST has ever reached was $0.129829 on January 24, 2018. This all-time high represents the peak valuation in IOST's price history.

The lowest price IOST has ever been is $0.001005, which occurred in early 2018 shortly after its initial listing on exchanges.

Currently, 1 IOST is worth $0.001188.

IOST is valuable for its 'Proof of Believability' consensus mechanism that enables high transaction speeds without compromising security. It powers a platform for exchanging digital goods and services, with $39.10M market cap and 576 ranking as of 2026-05-11.

IOST has a circulating supply of 32.91B IOST with a maximum supply cap of 90.00B IOST. The total supply currently stands at 32.71B IOST.

No, IOST mining is not profitable due to its Proof-of-Believability consensus mechanism which doesn't use traditional mining. IOST validators are selected based on contribution and reputation rather than computational power. The current price of $0.001188 and market cap of $39.10M don't affect this fundamental aspect.

IOST was officially launched on January 1, 2019. This blockchain platform focuses on scalability and security for decentralized applications, with its mainnet going live on this date after completing its initial development phase.

Currently, one IOST costs $0.001188.

You can buy IOST through centralized or decentralized exchanges(Gate.com). Simply create an account, complete identity verification, deposit funds, and place an order to buy IOST at $0.001188. Crypto ATMs also offer direct purchases.

To purchase IOST, create an account on a reputable cryptocurrency exchange(Gate.com), complete identity verification, deposit funds using bank transfer or card, navigate to IOST trading pair, enter purchase amount, and confirm your transaction. Store your IOST in a secure wallet for safekeeping.

Yes, IOST is a legitimate cryptocurrency currently ranked 576 with a market cap of $39.10M. It operates on its own blockchain using Proof of Believability consensus. While not independently verified, it has established market presence since 2018 and trades across 192 exchanges with $9.72K daily volume.

IOST shows potential with its current ranking at 576 and price of $0.001188. With a 24h gain of +4.48% and trading volume of $9.72K, it demonstrates market interest. Its innovative blockchain technology focusing on scalability makes it a promising investment for 2026-2027.

IOST serves as the utility token for the IOST blockchain, powering transactions, rewarding nodes, and supporting dApps. It uses the IRC20 token standard with 32.71B IOST total supply and issues 2% more tokens annually to reward network participants and voters.

IOST is owned by Jimmy Zhong, who serves as the CEO and co-founder of the project. He leads the development team focused on building a decentralized blockchain platform that supports developers and community growth.

The best IOST wallets include iWallet (official wallet), Huobi Wallet, and TokenPocket for mobile users. For enhanced security, hardware wallets like Ledger and Trezor are recommended. Desktop users can opt for Jaxx or Exodus which support IOST with user-friendly interfaces.