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Reasons Why You Should HODL IOSToken This Year

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IOSToken
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IOSToken or IOST that began its journey just six months ago on January 15, 2018, has been performing well consistently in the market and doing proper justice to its investors. The coin was introduced during the tumultuous times when Bitcoin and other currencies depending on it were undergoing massive downfalls in their prices and market caps. Under those circumstances, the next generation blockchain solutions offered by this coin grabbed the attention of several traders across the globe and consequently it acquired a position among the major coins of crypto-market within a matter of few months.

Even in its ICO stage, IOST development team had been very communicative and transparent about their plans and future developments. Though they have not published any whitepaper with necessary information about the coin, they post development updates on a weekly basis making their investors conversant with the recent upgrades both in its technology and community. The IOST development team published another weekly update last week covering all events between 4th and 11th June of this year. Here, some of the most significant updates would be discussed below to accentuate the fact why the current IOST holders should hold onto this coin at least for this year.

Major Technical Upgrades:

  • Updates on Transaction System: The IOST team has been continuously working on several updates on their transaction system for the past few days. Among them, quite a few have been successfully completed in the previous week. For example, the payload resolution and the endorsement of the peers’ signature have been implemented. Also, the performance and function of the basic work unit have been considerably improved for the convenience of IOST holders. Besides conducting a thorough test on the entire transaction lifecycle, the IOST developers implemented a vast range of functions including endorsement assembly, response inspection, network peer execution and verification, transaction commitment, and many more on the blockchain ecosystem during the previous week.
  • Node Updates: In the recent times, a significant amount of work had been going on the end user functionality and data dissemination mechanism of IOST blockchain. Last week, all of those updates were implemented along with a few other developments including sequence broadcast, guaranteed delivery service, function execution, peer link, and Ledger’s event. Besides these developments, an identity security protocol was implemented last week to protect the users’ identity during signing, authenticating, and transferring certain attributes.
  • Developments on Ledger: The IOST ledger has undergone several changes last week. One of the major updates includes the implementation of the sorting service API. Also, the module that sends the ordered transaction generation block along with both key and base search functions of the query ledger has been put to use. Also the configuration blocks that access control lists or define various policies on the ledger have been successfully tested along with implementing the peer node appending function on the block. The other notable developments on the IOST ledger include transaction validity notification function, block completion verification and verification of the correctness of each transaction.

The Partnership with Theseus:

Theseus is a familiar name in the world of cryptocurrency because of developing the first decentralized game named Crypto Heroes. The game is currently on the alpha testing phase. The rules of the game are quite simple as a player can simply acquire some equipment by defeating other participants and increasing their level in combat. The release of the beta version of the game is imminent as well.

During the previous week, Theseus developed a portal IOST Community Hub which would be open to the community shortly. Once the portal is open, the investors would be able to win rewards in IOST as per their performance in the game. This new partnership is likely to be extremely lucrative for IOSToken with an increased circulation and popularity.

Notable Listings:

In the previous week, HitBTC listed this cryptocurrency on its platform for global trading. As per daily trading volume and market capitalization, HitBTC is the sixth largest cryptocurrency exchange in the world. Therefore, this new listing would increase the exposure of IOST to a great extent and more traders across the globe would be familiar with this coin eventually leading to augmentation in its market capitalization.

Community Updates:

Apart from the technical developments, IOST community has also grown considerably in the past few days as now they have three new members from Berlin, Germany have joined their team initiating their expansion over various European countries. Also, the IOST community has extended its reach in other parts of the world such as China, Southeast Asia, South Korea, and The United States.

The Current Situation of IOST:

As of 13th June 2018, IOST is running at a rate of 0.027 against the USD along with a market capitalization of $223 million. The coin currently holds the 54th position which is likely to be improved in the coming weeks with new developments.

Conclusion:

IOST has a team behind it that works constantly on its growth. Besides the technical upgrades to make the blockchain system even more convenient, IOST team is currently hiring new members for the expansion of their community. Adaptability is one of the principal traits that a cryptocurrency requires for sustenance. From the above points, it is quite evident that IOST possesses this quality. So, holding onto this cryptocurrency would not be a thoughtless decision this year.

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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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Aluna.Social
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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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CoinFlip
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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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collateralized debt position
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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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