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IOS Token (IOST): A Cryptocurrency on the Rise

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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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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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