Current IOST Market Overview
The live IOST price stands at $0.00329** (as of July 2, 2025), reflecting a **3.47% increase** over the past 24 hours. With a trading volume of **$4,604,007, IOST currently ranks #358 among 67,878 cryptocurrencies tracked by CryptoMarketCap.
Key Metrics:
- Market Cap: $93,924,729
- Circulating Supply: 28,583,745,700 IOST
- Max Supply: 28,583,745,700 IOST
👉 Explore real-time IOST price movements
Top Exchanges for IOST Trading
The most active markets for IOST include:
- Upbit
- Binance
- DigiFinex
- OKX
- HTX Global
For a comprehensive list of trading platforms, visit our crypto exchanges page.
Understanding IOST (Internet of Services Token)
Project Fundamentals
IOST represents an ultra-fast, decentralized blockchain network leveraging a novel "proof-of-believability" consensus algorithm. Key features include:
- Potential throughput of 8,000 TPS
- JavaScript-based smart contract development
- Recognized as China's top smart contract platform (CCID ranking)
The ecosystem boasts:
- 500,000+ community members
- 400+ network nodes
- Presence in 20+ countries
Founding Team
Founded in 2018 by entrepreneurs including:
- Jimmy Zhong (serial entrepreneur)
- Kevin Tan (Etherecap co-founder)
- Terrence Wang, Justin Li, Ray Xiao, and Sa Wang
Several founders previously collaborated on AI venture Dora.
Technical Architecture
How Proof-of-Believability Works
IOST's consensus mechanism involves:
- Servi Points Calculation: Nodes earn points proportional to votes/stake
- Committee Formation: Top 17 nodes by Servi points produce blocks
- Servi Adjustment: Committee members' points reset to maintain decentralization
This system achieves:
- Block finality in 30 seconds
- New blocks every 0.5 seconds
Unique Differentiators
- Human-readable Accounts
Users can select wallet names during registration (e.g., "yourname.iost") iGas System
- 1 staked IOST = 100,000 daily iGas
- Enables essentially free transactions
Token Economics
Supply Distribution
- Total Supply: 21 billion
- Circulating Supply: 18.5 billion+
Allocation:
- 40% sold at ICO (2018)
- 35% retained by Foundation
- 10% team allocation
Use Cases
- Node Voting: Secure network participation
- iGas Generation: Fuel for transactions
- Staking Rewards: Earn network incentives
Investment Considerations
Adoption Potential
- Enterprise-friendly JavaScript development
- High throughput suitable for mass adoption
- Strong Asian market presence
Risk Factors
- Competitive smart contract platform landscape
- Tokenomics dependent on ecosystem growth
FAQ Section
Where can I buy IOST?
IOST is available on major exchanges like Binance, OKX, and Upbit.
How do I store IOST securely?
Recommended options include:
- iWallet Chrome extension
- Moonstake wallet
- TokenPocket mobile wallet
Note: Account creation requires a small IOST fee
Is IOST a good long-term investment?
While the technology shows promise, investors should consider:
- Network adoption rates
- Competitive positioning
- Overall crypto market conditions
Final Thoughts
IOST presents an intriguing blend of speed, usability, and developer accessibility. Its human-readable accounts and JavaScript compatibility lower entry barriers, while the proof-of-believability mechanism offers a unique consensus approach. As with all crypto investments, thorough research is recommended before committing funds.