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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

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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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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