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IOS Token (IOST): A Cryptocurrency on the Rise

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IOSToken

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

XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange

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Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //

Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.

Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.

The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.

NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.

NFTs are already being actively traded in markets globally. For…

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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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