What is IOST? What Does IOST Do? - Coinleaks
Current Date:September 21, 2024

What is IOST? What Does IOST Do?

What is IOST? IOST Coin (IOST) is a native cryptocurrency owned by IOST Blockchain. The project offers its investor the opportunity to perform transactions on the IOST network much faster. IOST Coin is an altcoin that has the advantage of meeting a low commission fee for every transaction its users make.

What is IOST?

IOST Coin, a native cryptocurrency of the IOST network, is favored by considerable institutional investors. Appealing to individual investors as well as institutional investors, IOST Coin offers its investor a scaling feature.

According to current data, the price of 1 IOST Coin is 0.32 TL. IOST Coin has gained 0.74% in the last 24 hours. According to the CoinMarketCap ranking, it is in the 134th place in the crypto money markets. Also, the 24-hour trading volume of IOST Coin is 429,228,533 TL. Its circulating supply is 18,588,745,668 IOST Coins while its maximum max level supply is 90,000,000,000 IOST Coins.

IOST Coin advantages:

IOST Coin investors can invest for a lower commission than their main cryptocurrencies and get quick confirmation for transaction results. Thanks to its high scalability level, it provides special advantages to its institutional investors.

The project provides fast cross-border transfer between wallets for low commission. Many transactions, including transfers, are made 24/7 continuously. It provides protection of the wallet and account against the risks of attacks from the network due to the ability of crypto assets to be stored in the offline wallet.

IOST Coin Disadvantages:

IOST Coin, like every cryptocurrency, has volatility. In other words, there is a risk of experiencing serious price volatility. Therefore, it is a risky investment. As with any crypto currency, crypto assets kept in virtual wallets are likely to be cyber-attacked.

What is IOST? How to Get IOST Coin?

IOST Coin is listed on global, popular and trading volume exchanges such as Binance, Hotcoin Global, OKX and Bybit. First, enter any exchange platform where the above mentioned IOST Coin is listed. Then enter the free account creation page. After entering the requested information, create your account.

Complete the authentication process steps completely. After the account opening and verification process is completed, transfer money to your account from the deposit menu of the stock exchange with the method suitable for you. In the last step, enter the exchange tab where IOST Coin is listed. You can easily own an IOST Coin at the current price or by entering the amount you want.