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

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IOST

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

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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