IOS (IOST)

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What is IOS(IOST) ?

The IOS (Internet of Services) provides a next-generation, decentralized ecosystem for online service providers and users with safeguarded and fast transactions based on blockchain technology. The IOS offers a solid infrastructure for all kinds of online service providers. Its scalable and secure blockchain and adoption of many pioneers and innovative technologies like HUDS (Hyper Universe Distributed System), FTFS (Fair & Transparent Feedback System), EDS (Efficient Distributed Sharding) and PoB (Proof-of-Believability) system will provide infinitely new possibilities for online service providers to serve their customer base.

The Use of IOS Token

In the IOS ecosystem, IOS tokens can be used for:

• Payment: Payments for services and goods provided by merchants or other community members.
• Commission: Payment to validators as compensation for running smart contracts, processing messages and transactions, and using resources shared by the general ecosystem including but not limited to storage space, computing power, etc. The commission fee exists to incentivize the validators and prevent malicious users from damaging the interests of the community through excessive deployment of smart contracts.
• Believability: IOS tokens will be used in the calculation of a user's believability, which plays an important role in our consensus mechanism

IOST Distribution

40.0% for the private token sale

35.0% toward the IOS Foundation to be used for ecosystem-building and development

12.5% toward the community to be used as incentives in the ecosystem

10.0% to the team

2.5% to early investors & advisors

For more details please refer to IOS Official Website