Connect with us

Blogs

Here Is Why IOSToken (IOST) Will Not Disappoint Moving Forward

Published

on

IOSToken
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto-markets have been relatively stable the entire week with many traders happy that Bitcoin (BTC) has maintained levels of between $7,500 and $7,600. The King of Crypto is currently valued at $7,670 and up 0.39% in 24 hours. Ethereum (ETH) is also enjoying a steady level of above $600 and is currently trading at $607.

Further down on the list of cryptocurrencies, is a gem of a token known as IOSToken (IOST). The token is currently ranked 51 in terms of market capitalization for its market cap is at $340.3 Million. The IOST token is not minable with a total supply of 21 Billion with a circulating supply of 8.4 Billion.

But enough with numbers and values, let us get to the nitty gritty as to why IOST will not disappoint as we move into the second half of 2018.

To begin with, IOST is a project that aims at building a secure and scalable blockchain for smart services. It wants to be the choice platform for decentralized apps by attracting developers to its platform. The project aims at ‘turbocharging’ sharding by making the shards sufficiently large and strongly bias-resistant via a combination of a client-server randomness scavenging mechanism and leader election via cryptographic sortition.

This means that IOST will be battling it out with Zilliqa when it comes to designing the better platform that uses sharding. IOST looks like it has the upper hand for it is enhancing sharding to another level.

The continue to the second reason why IOST will not disappoint, the token and the project has its roots in China. It has since expanded to San Francisco and Singapore. One thing to remember is that the President of China, Xi Jinping, was recently quoted as saying that blockchain technology is the future. This might be interpreted that the country is now ready to embrace blockchain and cryptocurrencies in a manner which the state will control. This means that the projects of ISOT and TRON might benefit from this new stance for they are from China. President Jinping had this to say about blockchain technology:

“A new generation of technology represented by artificial intelligence, quantum information, mobile communications, internet of things and blockchain is accelerating breakthrough applications.”

Thirdly, is the performance of the token in the crypto-markets. Current market analysis indicates that IOSToken (IOST) is currently trading at $0.04 and up 2.86% in the last 24 hours. The token had recently peaked earlier on in the month of May to reach levels of $0.076. This is evidence that the token is headed to greater heights once the team announces the release date of the MainNet this year.

In summary, the IOSToken and project are one to surely look out for as we glide into the second half of 2018. All fingers are crossed that the general crypto market will recover in June, and with it, our favorite tokens such as IOST will also reach greater heights.

For the latest cryptocurrency news, join our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

Altcoins

Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

Published

on

Aluna.Social
READ LATER - DOWNLOAD THIS POST AS PDF

When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

Continue Reading

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

Published

on

CoinFlip
READ LATER - DOWNLOAD THIS POST AS PDF

As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

Continue Reading

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

Published

on

collateralized debt position
READ LATER - DOWNLOAD THIS POST AS PDF

While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

Continue Reading

Elite