The crypto-markets have been comparatively fast the whole week with many traders happy that Bitcoin (BTC) has confirmed levels of between $7,500 and $7,600. The King of Crypto is now valued at $7,670 and up 0.39% in 24 hours. Ethereum (ETH) is also enjoying a solid turn of above $600 and is now trade at $607.
Further down on the list of cryptocurrencies, is a gem of a token famous as IOSToken (IOST). The token is now ranked 51 in terms of marketplace capitalization for the market cap is at $340.3 Million. The IOST token is not minable with a sum supply of 21 Billion with a present supply of 8.4 Billion.
But enough with numbers and values, let us get to the nitty dirty as to because IOST will not defect as we pierce into the second half of 2018.
To start with, IOST is a plan that aims at building a secure and scalable blockchain for intelligent services. It wants to be the choice height for decentralized apps by attracting developers to the platform. The plan aims at ‘turbocharging’ sharding by creation the shards amply vast and strongly bias-resistant around a multiple of a client-server randomness scavenging resource and personality choosing around cryptographic sortition.
This means that IOST will be battling it out with Zilliqa when it comes to conceptualizing the better height that uses sharding. IOST looks like it has the top palm for it is enhancing sharding to another level.
The continue to the second reason because IOST will not disappoint, the token and the plan has the roots in China. It has since stretched to San Francisco and Singapore. One thing to remember is that the President of China, Xi Jinping, was recently quoted as observant that blockchain record is the future. This might be interpreted that the nation is now prepared to welcome blockchain and cryptocurrencies in a demeanour which the state will control. This means that the projects of ISOT and TRON might advantage from this new position for they are from China. President Jinping had this to say about blockchain technology:
“A new era of record represented by synthetic intelligence, quantum information, mobile communications, internet of things and blockchain is accelerating breakthrough applications.”
Thirdly, is the opening of the token in the crypto-markets. Current marketplace investigate indicates that IOSToken (IOST) is now trade at $0.04 and up 2.86% in the last 24 hours. The token had recently appearance progressing on in the month of May to strech levels of $0.076. This is justification that the token is headed to larger heights once the group announces the redeem date of the MainNet this year.
In summary, the IOSToken and plan are one to certainly look out for as we slip into the second half of 2018. All fingers are crossed that the ubiquitous crypto marketplace will redeem in June, and with it, our favorite tokens such as IOST will also strech larger heights.
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Disclaimer: This essay should not be taken as, and is not dictated to provide, investment advice. Global Coin Report and/or the affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time might or might not have land in some of the coins or tokens they cover. Please control your possess consummate investigate before investing in any cryptocurrency and review our full disclaimer.
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