FREE BITCOIN

Gamble as you want,

your wife will never find out!

First p2p bitcoin betting platform!

Guess Bitcoin’s trend and win!

Clever enough to guess

Bitcoin price?

What Has IOSToken (IOST) Been Doing in the Past Few Days? - Global Coin Report
Connect with us

Blogs

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

Published

on

IOST
READ LATER - DOWNLOAD THIS POST AS PDF

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.

For the latest cryptocurrency news, join our Telegram!

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.

Image courtesy of Pexels

Blogs

Top 3 Crypto Trends That Might Go Big in Q2 2019

Published

on

crypto trends
READ LATER - DOWNLOAD THIS POST AS PDF

So far 2019 has brought a significant change to the crypto industry. Q1 of this year has seen the rise of the idea of IEOs, the crypto space has finally managed to shake off the bears, and numerous coins throughout the industry have seen their prices grow once again.

The latest rally happened only several weeks ago, and it allowed Bitcoin to surge up by $1,000. Most other coins followed in their own way, but the investors are now wondering what to expect out of Q2? The Q1 started off badly, but it ended up being extremely successful. The chances are that history might repeat itself in the second quarter, as there are some key trends that might point the way for the further development of the crypto market.

1. The rise of IEOs

Back in 2017 and early 2018, ICOs (Initial Coin Offerings) were everything that the crypto space was talking about. Their popularity allowed startups to raise billions upon billions of dollars. Soon enough, however, that ended in a pretty bad way. STOs (Security Token Offerings) emerged as an alternative that does not depend on trust, follows regulations, and it actually holds value. However, asset tokenization might still be in its early stages, and this is something that might come back at some point in the future.

In 2019, however, IEOs (Initial Exchange Offerings) started attracting the…

Continue Reading

Blogs

The Crypto Space Once Again Divided Over Bitcoin SV

Published

on

Bitcoin SV
READ LATER - DOWNLOAD THIS POST AS PDF

The crypto community is a strong one, one that managed to bring digital currencies from nothing to an industry worth hundreds of billions of dollars. However, while its strength in this regard is undeniable, the crypto community can be just as fragile given the appropriate conditions. With that in mind, the conditions seem to have been set for a new divide, although the cause is once again the same — Dr. Craig Wright and his Bitcoin SV (BSV).

Craig Wright vs. the (crypto) world

Dr. Craig Wright, the chief scientist at nChain, and the creator of Bitcoin SV. has been a well-known and very controversial figure in the crypto industry. Wright was suspected of being Bitcoin’s creator several years ago, which is possible because no one knows who is behind the name ‘Satoshi Nakamoto.’

Wright was believed to be him, and one theory claimed that he and his friend were responsible for giving life to BTC. However, the theory quickly died out, but not before Wright seemingly liked the idea of assuming the mantle of Nakamoto. He himself started claiming to be Bitcoin’s mysterious creator ever since.

Of course, he managed to gather up some followers, but the majority of the crypto community — while confused — did not believe him. Luckily, there is no need for trust, and Wright should easily be able to prove that he…

Continue Reading

Blogs

Are XRP and Ripple Going to Be Worth Anything by the End of 2019?

Published

on

Ripple
READ LATER - DOWNLOAD THIS POST AS PDF

One surprise recently was when XRP took over Ethereum’s long-held second place in the Market Cap leaderboards. It quickly went back to its traditional and respectable third place behind Ethereum, but it could be a sign of things to come.

XRP has a lot of clout in the market because of the platform it is based on, which is Ripple. A coin that is used for a very specific purpose and with a long term goal in mind is always going to fare better than others. Litecoin, Bitcoin Cash and others have come about because of disagreements in Bitcoin. Therefore they offer nothing except an alternative to Bitcoin as a pure cryptocurrency, while Ripple (and XRP along with it) has something tangible behind it.

Big Banks Back Ripple

Ripple was created in 2012 for a specific reason. It aimed to become a faster and more efficient method to transfer value between banks and countries. This value can be almost anything from currencies to other instruments. While initially, banks were cautious about investing in the company, recently they have been lining up. The crypto winter has helped with innovation int he industry and Ripple has benefitted immensely for it.

The various payment solutions based on Ripple such as xRapid and xCurrent are seeing a large uptake, and this is having an amazing effect on XRP as a whole.…

Continue Reading

Elite