What is IOST Coin?
IOST (Internet of Services Token) is a cryptocurrency based on blockchain, with the core goal of providing a secure, scalable, and decentralized infrastructure for online services. IOST aims to solve the scalability bottlenecks commonly faced by early blockchain platforms, striving for high throughput, low transaction fees, and fast transaction finality.
Core Concepts and Technology
The IOST network employs its unique "Proof-of-Believability" (PoB) consensus mechanism. This mechanism combines Byzantine Fault Tolerance (BFT) with a reputation-based system, assessing nodes' past contributions and reputation to determine their trustworthiness, thereby striking a balance between speed, security, and decentralization.
IOST supports the building and deployment of decentralized applications (dApps), with application scenarios covering various fields such as decentralized finance (DeFi), blockchain gaming, social media, and real-world asset (RWA) tokenization. As a multi-chain infrastructure, IOST not only has its native chain but also supports interoperability with other networks like BNB Chain. Additionally, it integrates the V8 JavaScript engine, making it convenient for developers to write smart contracts using JavaScript.
Development History and Key Stakeholders
The IOST project was conceived in 2017 and successfully raised $31.3 million through an Initial Coin Offering (ICO) between December 2017 and January 2018. In February 2019, the IOST mainnet officially launched, migrating from the Ethereum network and fully introducing its PoB consensus model.
The project's co-founders include Jimmy Zhong, Terrence Wang, Ray Xiao, Justin Li, Sa Wang, and Kelvin Tan. IOST has received investments from several well-known institutions, including ZhenFund, Sequoia Capital, and Matrix Partners China.
Latest Developments
As of October 2026, IOST is one of the few public chains approved by the Japan Virtual Currency Exchange Association (JVCEA), which reflects its compliance recognition in the Japanese market. At the same time, the IOST Foundation actively invests in real-world asset (RWA) projects, aiming to create more value for token holders.
IOST Coin Trading Channels
IOST coin can be traded on numerous mainstream cryptocurrency exchanges. Major trading platforms include Binance, OKX, KuCoin, Gate.io, MEXC, LBank, and BingX. Users can view the real-time market data and trends of the coin on Svmuu to make trading decisions.
The most common trading pair is typically IOST/USDT (Tether), and it also supports trading with other stablecoins (such as USDC) or major cryptocurrencies (such as BTC, ETH). Although direct fiat trading pairs may not always be available, users can usually convert through stablecoins as an intermediary.
IOST Coin Related Data
According to Binance data as of October 19, 2026:
- Current Price: $0.000803
- Market Cap: $29.33 million
- 24-Hour Trading Volume: $329,013.60
- Circulating Supply: 36,481,226,222 IOST
- Max Supply: 90,000,000,000 IOST
- All-Time High: $0.13649600744247437 (January 24, 2018)
- All-Time Low: $0.00052556842499034 (August 19, 2026)
