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IOS Token (IOST): A Cryptocurrency on the Rise

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IOSToken
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As the popularity of cryptocurrency continues to soar, the market has seen a steady rise of altcoins. The sudden rise of altcoins can be associated with the crypto market’s price slump. With major currencies recovering from a setback, investors shifted their attention to altcoins. Among the altcoins which are making big headlines, mention must be made of IOSToken.

Speaking of the rise of altcoins, factors, such as usability and operability, play a huge role in investors’ decisions. Discernibly, IOSToken, which has attracted several investors recently, caters to these aspects and, as a promising currency, it enables users to transform their services into cash. As you might be aware of, IOSToken is inspired by Ethereum, so it runs on smart contracts. This article attempts to explore why it is steadily gaining popularity within the crypto community.

What is all the Hype about IOS Token (IOST)?

With ERC20 tokens making up a large portion of the market capitalization, IOSToken has seen a considerable surge in the trading volume. This means the demand for this currency has gone up and the coin can be regarded as a potential threat to the crypto biggies. At this rate, this currency might become one of the greatest crypto markets in the crypto space.

It seems that investors are now aware of the technological facilities embedded in the market and are willing to take full advantage of it. As mentioned earlier, IOSToken runs on smart contracts and has the potential to grow into a huge market. Apparently, IOST is just like any other service provider, such as Alibaba, Amazon, etc, but there’s a major difference. As opposed to Amazon and its peers, which are strictly centralized with a middleman controlling the operations, from online shopping, shipping to the payment management, IOSToken is decentralized. Also, services like Amazon and Alibaba don’t provide the high-end security features offered by blockchain-based providers.

 Reasons behind IOSToken’s Meteoric Rise

IOSToken rides on Ethereum, enabling the tokens to operate as smart contracts. But the currency won’t be settled on Ethereum blockchain for long, as it is possible to imagine that the currency, which is based on ERC20, will have its own native token.

As evident from its price records, the currency is doing pretty well at the moment. While IOST’s listing on the AirSwap exchange can be regarded as a major factor, there are several other factors influencing its prices. According to the rumors, IOST could be added to Korean exchanges in the future. Since South Korea can be regarded as one of the largest markets in the world, IOST can benefit massively from such developments. Some important factors determining the value of IOSToken are discussed below:

  • Usability:

Unlike last few years, when the crypto market was powered by hype, investors check on a number of parameters before investing. Considering the volatility of the market, usability plays a major role in the investment. Currencies that have a greater use value will have a competitive edge over other projects.  At any rate, IOSToken stands out from its peers in terms of its operability. With investors reviewing the fundamentals of currencies before making investments, IOST’s advantageous attributes like advanced security features and scalability can drive investors to this blockchain.

Ethereum, the blockchain on which IOST is based on, has some major drawbacks like scalability and security issues, which are a big turn-off for the investors.  IOStoken (IOST) attempts to mitigate these technical defects by integrating some avant-garde technologies into the blockchain project, including Sharding and Proof-of-Believability.

  • Aimed at High-End Service Industries:

The biggest reason behind IOST’s rise is its focus on high-value service industries. IOST targets high-value service industries and not just the mass market. Among its target industries, mention must be made of online-advertising, prediction markets, cloud computing, which can boost the price value to an enormous extent.

  • Highly Efficient Development Team:

The success of any blockchain is primarily determined by the work of the development body. IOST’s development team consists of some of the great minds in the industry and team members Harvard graduates. Apart from the quality of work, the team is also well-known for its aggressive marketing approaches and social media activities.

IOSToken’s Market Reach 

Trading at $0.065633, the currency has moved up by 6.07% from recently. As of May 9, 2018, the market capitalization of IOSToken (IOST) stands at $551,320,560 USD. Ranking 50 in the market by market capitalization, IOSToken is doing quite well at the moment and is presently trading up against the dollar. Unlike other currencies which display high volatility, IOSToken has achieved a certain degree of stability. Overall, IOST’s stability, along with other worthwhile features, makes it an excellent investment option to watch out for in 2018.

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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.

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Altcoins

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

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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,…

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CoinFlip Scores Big with BRD Wallet Partnership

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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…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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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…

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