When was IOST coin issued?

IOST, the native cryptocurrency of the high-performance IOST blockchain, was issued through an initial coin offering (ICO) on May 12, 2018.

Nov 24, 2024 at 01:02 pm

IOST Coin: A Comprehensive Guide

When was IOST coin issued?

IOST coin was issued on May 12, 2018, through an initial coin offering (ICO). The ICO raised $35 million, selling 40% of the total IOST coin supply. The remaining 60% of IOST coins were distributed to the IOST team, early investors, and the IOST Foundation.

What is IOST coin?

IOST coin is the native cryptocurrency of the IOST blockchain, a high-performance, scalable blockchain platform designed for decentralized applications (dApps). IOST coin is used to pay for transaction fees, stake for network security, and participate in governance decisions.

What are the benefits of IOST coin?

IOST coin offers several benefits, including:

• High scalability: The IOST blockchain can handle up to 10,000 transactions per second, making it one of the most scalable blockchains available.
• Low transaction fees: IOST coin transactions cost a fraction of a cent, making it affordable to use for everyday transactions.
• Fast transaction times: IOST coin transactions typically take less than a second to confirm, making it one of the fastest blockchains available.
• User-friendly platform: The IOST blockchain is easy to use, even for beginners. The IOST wallet is available for desktop, mobile, and web, and the IOST documentation is comprehensive and easy to understand.

How can I buy IOST coin?

IOST coin can be purchased on a variety of cryptocurrency exchanges, including Binance, Huobi, and OKEx. To buy IOST coin, you will need to create an account on an exchange and then deposit funds into your account. Once you have deposited funds, you can place an order to buy IOST coin.

How can I store IOST coin?

IOST coin can be stored in a variety of cryptocurrency wallets, including the IOST wallet, the Ledger Nano X, and the Trezor Model T. The IOST wallet is the official wallet of the IOST blockchain and is available for desktop, mobile, and web. The Ledger Nano X and the Trezor Model T are hardware wallets that offer a high level of security for your cryptocurrency.

What is the future of IOST coin?

The future of IOST coin is bright. The IOST team is continuously developing the IOST blockchain and adding new features. The IOST blockchain is also gaining adoption by a growing number of dApps and businesses. As the IOST blockchain continues to grow and develop, the demand for IOST coin is likely to increase.

Where can I learn more about IOST coin?

You can learn more about IOST coin on the IOST website, the IOST whitepaper, and the IOST blog. You can also follow IOST on social media, including Twitter, Telegram, and Discord.