The native token of the IOST platform serves as a medium of exchange for all transactions and fees . As such, it also supports proof-of-believability. As the “money of the platform,” the token serves as the primary medium of exchange in the network for goods and services.
Read moreIs IOST on Coinbase?
IOST is not supported by Coinbase .
Read moreWhat is IOSToken cryptocurrency?
IOSToken is the cryptocurrency that is native to the IOST platform and is used as a ‘fuel’ like Ethereum to carry out transactions pay fees . The IOSToken also helps in establishing Proof of Believability (POB) consensus by varying through blockchain.
Read moreIs IOST a DeFi coin?
IOST enters the DeFi arena 4, 2020 and is now preparing for its official launch on Feb. 18, which will enable IOST holders to stake their tokens in the protocol to participate in platform governance as well as earn native DON tokens.
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