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What Has IOSToken (IOST) Been Doing in the Past Few Days?

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The present condition of crypto markets has made every investor vary from short-term investments and go for long-time investments to suffer less damage. It’s a pain to see Bitcoin struggling to stay up to $7500 as the altcoins try in vain to support it. this situation has brought people’s attention towards young and promising blockchain projects. One of such crypto projects is IOSToken. This coin was launched just a few months ago (January to be precise) and is now among the top-50 largest cryptocurrencies of the world. According to analysts and IOSToken holders, the project has immense potential which is why we’ll be discussing its recent movements and progress in the remaining part of the article.

A Little About IOSToken (IOST)

The world of cryptocurrencies is ever changing and suffers greatly with volatility. Every day new technologies and projects are coming into being which could become a worthy investment in times to come but before you get hands in some project, it’s better to analyze its merits and demerits to be prepared for every situation. The IOSToken is a project launched by IOS Foundation and they have nothing to do with Apple. In reality, IOS stands for Internet of Services means that they provide infrastructure to service providers. In order to construct an environment where the Internet of Services can prevail smoothly, the team created a native token for IOS known as IOSToken. Though this venture isn’t entirely perfect due to its unique nature, many investors have been attracted towards it. this explains how IOSToken became one of the most traded coins on Binance after a mere 9 days of existence.

Pros and Cons of IOSToken

Pros: IOSToken is a promising blockchain project which is focussed on scalability and efficiency issues. According to the foundation, it is more energy efficient since it doesn’t work with either proof-of-stake or proof-of-work but on ‘proof-of-believability’. The IOSToken ecosystem also includes the Hyper Universe Distributed System (HUDS) which lets network host many different types of service providers. This coin is famous even though it didn’t have a public pre-sale or an actual public token sale. The only type of investors who were allowed to participate were institutional investors. But its price point lets newbies and crypto enthusiasts take part in this project by investing in this coin.

Cons: If you haven’t gone through the roadmap released by IOSToken then you probably don’t know that it’s an ERC-20 token based on Ethereum network, but it’ll have its own blockchain when the project reaches Mainnet just like EOS and Tron is currently doing. But IOSToken is slated for Mainnet in Q3 of 2019 and the DApps will be released on the Mainnet in Q4 of 2019. This turned off many crypto enthusiasts who wanted more prompt progress. It’s the reason why the team behind IOSToken has shifted the date of Mainnet launch to this year Q4. It’ll still be late for IOSToken because, by the time its Q4, the DApp supporting blockchain networks will saturate the markets.

Theseus – Stealth Blockchain Project Gets Lead Financing from Sequoia Capital

On 28th May, IOSToken hit the headlines due to their launch of Theseus which is another blockchain application team incubated at IOST. It’ll basically function as a Research and Development department for IOST blockchain technology whose goal would be developing useful applications for companies and even consumers. While creating new and potentially high-end DApps, Theseus also aims to support the developers by helping IOST blockchain developer community grow. In future, Theseus will also provide services for institutions and consumers interested in developing on IOST blockchain. Theseus got financed by A-listed financial investors such as Sequoia Capital China, Matrix Partners China, ZhenFund and etc who share IOS foundation’s outlook towards the gradual global acceptance of blockchain technology and services.

Current Market Position

The present market condition is enough to depress anyone but now that there are faints signs of recovery, it could be a good time to re-analyze one’s investment strategy. As per the data on CoinMarketCap at the time of writing, IOSToken is ranked as the 50th largest crypto of the world. It has a total market capital of $357 million USD and the value of one IOSToken is $0.042 USD which is going up at the rate of 13.03%. approximately, $45 million USD worth IOSToken has exchanged hands within the past 24 hours. IOSToken is currently listed on some of the biggest crypto exchanges such as Huobi, BigONE, LykkeX, Kyber Network etc.

Final Thoughts

IOST blockchain project can’t certainly be ignored since it has a backup of supportive and rather rich investors. Its unique goal may open new paths in the near future and if it keeps making progress at the current pace then it won’t be too long until it gains favors from individual crypto investors and traders and take a shot towards the moon.

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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

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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Altcoins

ICTE May Bring About Sweeping Changes for Cryptocurrency Exchanges

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Cryptocurrency has taken the world by storm during the last few years. An entirely new financial market was created almost overnight which has captured the imagination of all its participants. Cryptocurrency is even starting to attract institutional money from investment banks, hedge funds, and other proprietary trading firms. Despite the rapid growth, traders remain extremely frustrated by having to deal with the fragmented nature of centralized crypto exchanges.

A Change is Needed

When cryptocurrency first began, there weren’t many participants and the trading volume was relatively insignificant. But, over time, that has radically changed. Some tokens now have a capitalization in the billions and are being traded 24-7 by institutions all over the world. Despite the volume, significant problems exist with the current way that exchanges work. Some of those problems include the following:

  • Constant fear of hackers
  • Exchange manipulation
  • Fragmented liquidity
  • Risk of identity theft

One of the biggest issues regarding centralized exchanges is the risk of being hacked. These hack stories seem to always be circulating around the internet. While experienced traders may have the tools to avoid becoming a victim, potential new traders have zero interest in dealing with this. And it’s not just the small exchanges that are at risk. Even large exchanges, such as Mt. Gox and Binance, are subject to being hacked.

Another huge risk is having to deal with…

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SonicX and Dash Could Challenge Facebook’s Libra for Global Payments Market Share

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When Satoshi Nakamoto unveiled Bitcoin to the world, the dream was always for Bitcoin to serve as a new universal currency.  It would be free from the bureaucracy of governments.  And free from the tyranny of the old-world financial cartels.  Although the dream hasn’t yet materialized, it comes closer and closer with each passing day.

One of the biggest roadblocks for Bitcoin has been scalability.  At a speed of approximately 7 transactions per second, Bitcoin lags behind other cryptocurrencies like Ripple and global payment processors like Visa.  Many expect the lightning network to have a positive impact on Bitcoin’s TPS but until that comes to fruition, mass adoption will likely need another significant development.

Libra Currency Announcement

One development that could help pave the way toward mass adoption is the launch of the Libra currency.  Libra is expected to go live during the first half of 2020 according to Facebook’s June announcement.  According to Facebook, Libra will make sending money online cheaper and faster.  It will also have a hand in improving access to financial services, especially for the unbanked.  Given Facebook’s global reach, including many third world countries, providing financial access to the unbanked could provide a huge spark to global economies.  Additionally, it could provide the growth spark that cryptocurrency needs.

Facebook’s most popular messenger, WhatsApp, has approximately 1.5 billion monthly users.  This application is…

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