The Internet Of Services Token (IOST) is a project out of China that aims to address the fundamental scalability challenges faced by blockchain technology. The project was founded by Jimmy Zhong, Terrence Wang, Justin Li, Sa Wang, Ray Xiao, and Kelvin Tan to develop an innovative new way to run dApps. IOST uses a brand new consensus mechanism known as proof-of-believability, wherein nodes are validated based on past contributions and behavioural patterns. The project has attracted considerable investment from established entities such as Sequoia, Nirvana Capital, and Matrix. IOST uses dual-tokens — IOSToken and Servi. IOSToken (IOST) is tradeable while Servi is non-tradable and only used as a trust score.
The best place to buy IOST is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Bitcoin and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per our Trust Pilot Reviews.
Yes, Swyftx is a safe and secure platform to buy and sell IOST (IOST). Swyftx employs a range of advanced security measures to protect user funds and personal information and has been awarded ISO27001 certification for information security.
Swyftx is a AUSTRAC registered exchange that conducts regular security audits and maintains strict compliance with Australian Anti-Money Laundering and Counter-Terrorism Financing Laws.
You can find more information on our security practices here.
The price of IOST is determined by the forces of supply and demand in the market. Similar to other assets, the price of Bitcoin is determined by the number of buyers and sellers in the market at any given time.
Some significant factors that can influence the demand for Bitcoin are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.
You can deposit Australian dollars (AUD) into Swyftx via a number of methods including:
Swyftx also allows you to deposit cryptocurrency from another wallet into your account.
Swyftx does not allow you to directly buy IOST with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy IOST instantly.
Swyftx has a trading fee of 0.6% for all buy and sell orders. In addition to the trading fee, Swyftx applies a spread to each cryptocurrency trade.
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This should not be used to make investment decisions.
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