The live IOST price today stands at $0.00329**, with a 24-hour trading volume of **$4,604,007. Over the past day, IOST has seen a price increase of 3.47%, reflecting growing market interest. Currently ranked #358 among over 67,000 cryptocurrencies by market presence, IOST maintains a live market capitalization of $93,924,729. The circulating supply matches the maximum supply at 28,583,745,700 IOST tokens, indicating a fully issued token model.
Looking to purchase IOST at the current rate? Top exchanges such as Upbit, Binance, DigiFinex, OKX, and HTX Global support IOST trading pairs, offering liquidity and accessibility for both new and experienced investors.
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What Is IOST (IOST)?
IOST is an ultra-fast, decentralized blockchain platform designed to power scalable and secure digital services in a decentralized economy. Built on a unique consensus mechanism called Proof-of-Believability (PoB), IOST aims to overcome traditional blockchain limitations like slow transaction speeds and poor user experience.
With a theoretical throughput of up to 8,000 transactions per second (TPS) and native support for JavaScript-based smart contract development, IOST lowers the entry barrier for developers and enterprises. It has been recognized by China’s CCID as the top-performing smart contract platform—outpacing major competitors like Ethereum and EOS.
The project supports a global community of over 500,000 users across more than 20 countries and operates through a decentralized network of over 400 active nodes, reinforcing its commitment to decentralization and performance.
Who Are the Founders of IOST?
IOST was launched in 2018 by a team of experienced entrepreneurs and technologists: Jimmy Zhong, Kevin Tan, Terrence Wang, Justin Li, Ray Xiao, and Sa Wang.
Several co-founders bring proven startup success to the table. Jimmy Zhong previously sold a tech venture for $40 million, while Kevin Tan co-founded Etherecap, an early blockchain investment firm. Notably, Ray Xiao, Jimmy Zhong, and Sa Wang also co-founded Dora, an artificial intelligence company, showcasing their interdisciplinary expertise in emerging technologies.
Their combined background in entrepreneurship, blockchain innovation, and AI has helped shape IOST into a technically robust and developer-friendly ecosystem.
How Does IOST Work?
IOST operates as a public blockchain where distributed nodes maintain a tamper-proof ledger of transactions. These transactions are grouped into blocks every half second, significantly faster than older networks like Bitcoin or Ethereum.
Blocks are validated through the Proof-of-Believability (PoB) consensus algorithm—an innovative alternative to Proof-of-Work or Proof-of-Stake models. Under PoB:
- Candidate nodes must stake at least 2.1 million IOST tokens (0.01% of total supply) to qualify.
- Nodes earn "Servi" points based on their stake and reputation.
- The top 17 nodes by Servi form a rotating committee responsible for producing blocks.
- After each round, Servi balances are adjusted so that the lowest-ranked node resets to zero, promoting fairness and rotation.
This mechanism ensures high throughput, low latency, and enhanced decentralization by preventing long-term dominance from any single node.
Finality—the point at which transactions become irreversible—occurs within 30 seconds, making IOST ideal for real-time applications such as gaming, DeFi, and microtransactions.
What Makes IOST Unique?
Several features set IOST apart from other blockchains:
- Human-readable wallet addresses: Unlike most blockchains that use complex alphanumeric strings (e.g.,
0x...), IOST allows users to create custom, easy-to-remember account names likealice.iost. This improves usability and reduces errors during transactions. - Free transactions via iGas: While most networks charge gas fees, IOST offers essentially free transactions. Users receive iGas tokens daily by staking IOST—1 IOST staked earns 100,000 iGas per day. This model removes friction for end users and encourages adoption.
- Developer-friendly environment: By supporting JavaScript—a widely used programming language—IOST attracts mainstream developers who can build decentralized applications (dApps) without learning niche languages like Solidity.
These innovations make IOST not just fast, but also accessible and practical for everyday use.
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How Is the IOST Network Secured?
Security on IOST is maintained through economic incentives and reputation-based validation within the PoB system. To become a block producer:
- A node must stake 2.1 million IOST tokens, creating a significant financial barrier to malicious behavior.
- Only the top 17 nodes by Servi score participate in block production each round.
- Regular Servi rebalancing prevents monopolization and promotes node rotation.
This hybrid model combines staking requirements with reputation metrics to ensure both security and decentralization. Malicious actors would need to control a massive amount of tokens and maintain good behavior—a costly and impractical endeavor.
Additionally, the large number of community-run nodes enhances network resilience against attacks or downtime.
What Is the Use of IOST Tokens?
The IOST token serves multiple critical functions within the ecosystem:
- Staking for governance: Token holders can vote for block producers by staking their IOST, contributing to network security and decentralization.
- Earning iGas: Staked IOST generates iGas daily, enabling free access to network resources.
- Incentivizing participation: Stakers receive rewards for supporting the network, aligning long-term interests between users and validators.
- Utility in dApps: Many decentralized applications built on IOST require IOST for interactions, purchases, or service access.
This multi-role design increases demand for the token beyond speculative trading, anchoring its value in real network usage.
How Many IOST Tokens Are in Circulation?
IOST has a fixed total supply of 21 billion tokens, all of which have been issued. As of now, approximately 18.5 billion IOST are in circulation.
Token distribution at launch included:
- 40% sold during the 2018 ICO, raising $31 million in ETH.
- 35% allocated to the IOST Foundation for ecosystem development.
- 10% reserved for the founding team, subject to vesting schedules.
- The remaining 15% was designated for advisors, marketing, and community incentives.
With no inflationary minting mechanism, IOST is a deflationary-by-design asset relative to usage growth.
How Do You Buy IOST?
IOST is available on several major cryptocurrency exchanges including Binance, Upbit, DigiFinex, OKX, and HTX Global. Most platforms support trading pairs with USDT, BTC, or ETH, allowing global access.
For users in Asia, some wallets integrate local payment options like WeChat Pay or Alipay, simplifying onboarding for regional investors.
To buy IOST:
- Choose a supported exchange.
- Complete KYC verification if required.
- Deposit funds via fiat or crypto.
- Place an order for IOST.
Once purchased, it's essential to store tokens securely—preferably in non-custodial wallets.
How Do You Store IOST?
To store IOST tokens, you need an IOST mainnet account, which functions similarly to a wallet address but supports human-readable names.
Popular storage solutions include:
- iWallet: A Chrome browser extension developed by the IOST team.
- TokenPocket: A mobile wallet supporting multiple blockchains.
- Moonstake: A staking-focused wallet with cross-chain capabilities.
Creating an account requires a small amount of IOST as a registration fee—but this can be covered by another user if needed.
Always back up your private keys and avoid sharing them online.
Is IOST a Good Investment?
IOST presents compelling fundamentals for long-term investors:
- It’s a battle-tested blockchain with years of stable operation.
- Its performance rivals leading platforms with high TPS and low latency.
- Developer tools based on JavaScript lower adoption barriers.
- Real-world use cases in gaming, social media, and enterprise dApps continue to grow.
While price movements depend on broader market trends, sustained adoption could drive increased demand for staking and iGas generation—potentially boosting token value over time.
As always, conduct thorough research and consider diversification before investing.
Frequently Asked Questions (FAQ)
Q: What is the current price of IOST?
A: As of today, IOST is priced at $0.00329 USD.
Q: Where can I buy IOST safely?
A: You can purchase IOST on trusted exchanges like Binance, Upbit, DigiFinex, OKX, and HTX Global.
Q: Does IOST have unlimited supply?
A: No. IOST has a fixed total supply of 21 billion tokens—no more will ever be created.
Q: Are transactions on IOST really free?
A: Yes. By staking IOST, users earn iGas daily, covering all transaction costs without additional fees.
Q: Can I stake IOST to earn rewards?
A: Absolutely. Staking allows you to vote for nodes and earn staking rewards while also receiving iGas.
Q: How fast are IOST transactions?
A: Blocks are produced every 0.5 seconds, with finality reached in about 30 seconds—making it one of the fastest public blockchains available.
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