IOST Coin is a cryptocurrency project that focuses on scalability and decentralization. The project aims to provide a fast, decentralized, and transparent blockchain infrastructure to meet the needs of future online services. Its consensus algorithm focuses on the Proof-of-Believability method.
The IOST team realized that multinational companies would not use blockchain-based technologies without sufficient scalability. They emphasized that the Proof-of-Work model used by Bitcoin cannot be scaled enough and are currently following their roadmap.
IOST Coin is the primary cryptocurrency of this blockchain network. The cryptocurrency, which stands for Internet of Services, enables transactions in this highly scalable network. IOST targets institutional investors and has taken significant steps in this direction. In particular, collaboration with Microsoft Azure has been beneficial for the recognition of IOST.
As of the time of writing, IOST ranks 107th among the largest cryptocurrencies. The unit price of the IOST/USDT pair, which is $0.0060, can show a significant increase if it reaches more institutional users.
How can I buy IOST Coin? For this purpose, Binance emerges as the most popular platform that influences investor preferences in terms of liquidity and security. To buy IOST Coin, you need to deposit USD balance or buy an alternative cryptocurrency first. Then, visit the Binance homepage, click on the “Buy Crypto” option, and then on the “Credit/Debit Card” tab. After selecting the desired amount to spend in USD, mark Tether, which is USDT, in the Coin section. After purchasing USDT, look again at the “Buy/Sell” option and click on the “Classic” tab. In the opened section, select the USDT tab from the top right, type IOST in the search button, and select the IOST/USDT pair that appears below. Go to the “BUY IOST” tab in the middle section, enter the desired amount you want to buy, and complete the purchase of IOST Coin by confirming the transaction.