IOST was in the final stage of developing a cross-chain bridge to Polkadot in early March. The trial version of its cross-chain bridge with Ethereum will be launched in April. This will give users on Ethereum access to quicker and cheaper transactions.
IOST users will also have more options to earn with DeFi and staking. Look no further than this short article for all the details about IOST: what it is, is it worth investing in, and the best places to buy IOST now.
Top places to buy IOST now
As IOST is such a new asset, it’s yet to be listed on major exchanges. You can still purchase IOST using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy IOST right now, follow these steps:
1. Buy ETH on a regulated exchange or broker, like eToro ›
We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.
2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask
You’ll need to create your wallet, grab your address, and send your coins there.
3. Connect your wallet to the Uniswap DEX
Head to Uniswap, and ‘connect’ your wallet to it.
4. You can now swap your ETH for IOST
Now that you’re connected, you’ll be able to swap for 100s of coins including IOST.
What is IOST?
IOST is described as a fully decentralized, superfast ecosystem and blockchain network with its own wallets and nodes. It’s based on Proof of Believability, a next gen consensus protocol.
IOST was founded by Jimmy Zhong, Terrence Wang, Kevin Tan, Ray Xiao, Justin Li, and Sa Wang and launched in January 2018. Its open-source blockchain infrastructure is designed to be scalable and secure.
Its ultimate goal is to be the backbone for future online services. The consensus algorithm makes sure network transactions are fast and secure.
The IOST token is a way to resolve the issue with scalability for big companies, which might not be able to leverage blockchains in a customer-facing setting.
Should I buy IOST today?
Nothing can substitute doing your own research. Any investment decision you make should be based on your market expertise, your attitude to risk, and the features and spread of your portfolio. Also, consider how you would feel about losing money.
IOST price prediction
Wallet Investor expects an increase in the next 5 years. They predict IOST will be worth $0.137 in March 2027. If you invest $100 in it now, you might have $286 in 2027.
IOST on social media
$ 0.05 !!!🚀🚀🚀@IOST_Official @jimmyzhong_iost @IOSToken_jp @IOST_KR #IOST @binance #IOST #cryptocurrecy #Blockchain pic.twitter.com/GPARlLrNgP
— IOST中文社区 (@IOST_CN) March 31, 2022
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