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IOSToken (IOST) is a blockchain platform that uses its own consensus algorithm and proof-of-believability. Its name is an acronym for Internet-of-Service (IOS) and token (T). The IOST network can sustain up to 8,000 transactions per second without compromising security. It can be used to build NFT platforms and many other decentralized applications.
Are you looking for a wallet that will safely store your IOST? Then look no further! Zengo offers anyone a place to quickly and securely store, send, and receive their IOSToken (IOST). You can access the easy-to-use platform from anywhere in the world, with the app offering access to a broader crypto economy.
With its state-of-the-art protocols, Zengo is the ideal app for big and small accounts, meaning you don’t have to worry as your hard-earned crypto is being cared for.
It’s difficult to find a good crypto wallet that is both flexible and highly secure, with some investors stating that the two often do not go hand in hand. You will either find a highly flexible wallet with no extra security measures or so secure that it makes it hard to access your coins.
Zengo offers the best of both, a rarity amongst wallets that use the best security measures without compromising access. Below we’ll discuss the ways that you can use your wallet.
If you are new to owning cryptocurrency of any kind, it can be quite daunting having to keep up to date with all the latest trends, spending most of your time on forums or portfolio trackers just to keep up. With Zengo, all you need to do is view your IOST portfolio on the app, where you can find all the information you require, meaning you’ll never miss out on a trading window.
You can send or receive IOSTokens from a different wallet, exchange, friend, or even family member, right from the app. Anytime IOST lands in your wallet, you will receive a notification, making it easier than ever to transfer your tokens with just a few taps.
Whether you are a newbie to crypto or experienced with buying, Zengo offers you the ability to buy your IOST straight from the app. All you need to do is swipe to find your desired assets and then follow the prompts it gives you. There are several different payment methods to choose from.
With the Zengo app, you do not need to use crypto to buy more crypto as it allows you to buy IOSTokens using Fiat money, which means that you can buy IOST with currencies such as US dollars, Pounds, and Euros.
You can pay via Visa, Mastercard, mobile payment apps, SEPA, and Swift transfer, with there being a minimum amount of transfers applicable when using bank transfers (EU and UK only). All it takes is a simple tap on the buy icon in the app, and after inputting your desired amount, you just have to follow a few prompts.
If you need to hold your crypto for an extended period of time, Zengo will keep your IOST secure and ready to trade even if you lose your device or change your phone. Because of Zengo’s sophisticated recovery methods, holding onto your crypto in unexpected times is easier than ever.
Using Zengo’s saving service feature, you can earn interest on your own crypto. Please note that this feature is limited to specific coins at the moment; however, new currencies are added regularly.
IOSToken, also known as IOST, is a cryptocurrency based around the Internet of Services – a service-oriented computing model. IOST aims to bring structure for new online providers, with the token being the medium of exchange on their network. Users can earn these tokens by contributing to the computing network and validating their transactions.
IOSToken is a cryptocurrency platform that was developed as an effort to manage some of the challenges faced by the cryptocurrency world. It uses Internet of Services (IOS), a next-gen technology, to provide network infrastructure that supports a service-oriented ecosystem. Their platform provides users with a decentralized way to exchange digital goods and services and offers developers large-scale dApps that can support a huge number of users. IOST stands for Internet-of-Service (IOS) and token (T).
IOSToken was created in Singapore by Terrance Wang, Ray Xiao, and Jimmy Zhong, an impressive team of experienced developers and business-minded people. The three founders have vast experience in enterprise management and blockchain projects.
The project launched a public testnet on June 30, 2018, and migrated to its mainnet in February 2019. IOST started trading on January 16, 2018, at $0.02 against the US dollar.
A total of 21 billion IOST were originally created, but only 52.5% of the total supply is in circulation, so only 11.03 billion IOST are in use.
Similar to the ERC20 standard that works on the Ethereum blockchain, the IOST platform has its own token standard for implementing tokens on the IOST blockchain called IRC20.
Yep. That’s right. IOST has released its code, meaning it’s an open-source software. The code can be viewed on their GitHub.
Two of the most notable supporters of IOST are NFT-Japan Inc. and Rizin Fighting Federation, a popular Japanese mixed martial arts and kickboxing federation. They announced that they would be creating “Rizin Fighting Collection,” a nonfungible token marketplace that will run on the high-throughput, decentralized contracts platform, IOST.
The tokens you purchase can be used to pay fees on the network or as a P2P payment means:
Over the last four years, IOSToken has accumulated a very strong community of members. They have over 270K Twitter followers and 500 Telegram members and have established their own communication network for engaging their audience with its platform development.
If you’re just starting out or looking to upgrade to a more secure flexible wallet, then you should consider using Zengo because they offer 24/7 customer service support with real people. They are beginner user-friendly and the most secure crypto wallet you will find on the market.
Zengo believes that your wallet should be flexible and accessible at any time without having to jump through hoops or pay exorbitant transaction fees in order to trade on the go. Therefore, their app allows you to cut out the additional fees and lets you trade anytime, anywhere.
Using the best in cyber-security protocols, Zengo’s wallet is one of the most secure wallets you will find. It makes use of three-factor authentication as well as threshold key signatures, MPC (multiparty computation), and facial recognition to keep your crypto safe.
Zengo allows you to trade, buy, send, and receive crypto, all without additional transaction fees, meaning you get to stay in full control of your IOST.
No need to worry if you lose or break your phone as Zengo backs up your crypto, meaning it will be waiting for you when you log into a new device. Zengo’s state-of-the-art biometrics allows you to access your funds no matter what device you are on.
Zengo offers dedicated customer support which is active 24/7. Zengo’s highly trained support agents will help you with any issues you come across; they can be reached directly from your app.
Below are some Frequently Asked Questions regarding IOTS and Zengo’s IOSToken wallet:
Sure you can. Building an NTF platform is one of the primary features of IOSToken. Specifically, the IOSToken network offers: feel-less transactions, a stable network (it has had zero downtime since its mainnelt launch in 2019), high scalability (the IOST network can hold up to 8,000 transactions per second), and a smooth developer experience, thanks to the V8 JavaScript smart contract language it uses.
To start, you will have to go to the App Store or the Google Play Store depending on the phone or tablet you are using, and search for the Zengo app. Download the app from your app store and follow the prompts. Follow through with the instructions provided on the screen to set up your account and once that is done, you can start buying and trading IOT and other cryptocurrencies right from the home screen.
Zengo is the perfect tool for empowering yourself to hold your own IOSTokens (IOST) securely. Zengo eliminates one of the primary points of failure within the cryptocurrency industry: private keys. Instead, the platform employs a 3D biometric facial recognition feature to keep your cryptocurrency safe while ensuring it’s always accessible to you.
As a secure crypto wallet, you can securely keep your IOST coins with Zengo until you are ready to trade them. Zengo’s IOST wallet doesn’t use a private key; however, it requires authentication on your device and our server. Your IOSToken wallet is the proof of ownership needed to access your cryptocurrency.
Your IOSTokens live on the blockchain, but you can access them only by using a private key. This key verifies you are the real owner of your digital money and allows you to make transactions. Your IOSToken wallet acts as the key that grants you access to your funds.
Here are the steps you’ll need to take:
Step 1: The first step you’ll need to take is to install the app and click on Get Started. Note: The wallet is listed for download on both Google Play Store and App Store. Once downloaded, open up the app.
Step 2: Sign up. Once the application is installed you will have to open it. Next, you will be presented with some slides summarizing the main features of the app. Just press “skip” in the top right corner of the screen and on the next screen write down your email address.
Step 3: Verify your email address using the link that has been sent to the email address you have provided. After clicking the confirmation button within the received email the Zengo app will reopen
Step 4: Secure Your Account with Keyless Backup For improved security and to access the full range of features on Zengo, it is recommended to create a keyless backup. Open the “Account” and click the “Let’s go” button. Complete the on-screen prompts to submit your 3D biometric data. Just follow the prompts to set up your facial recognition.
Step 5: Click on Back Up Now. You will have to follow a few more prompts before you’re all done!
No action is needed on your side. In order to create an IOSToken wallet address. It will be automatically created once you finish setting up your Zengo account. Just tap the Asset tab on the bottom of your home screen to get your QR code, followed by a string of numbers and letters that complete your IOST wallet address.
On the platform, users have the ability to send cryptocurrencies directly. Tap the IOST asset from the home screen, then provide the address where you wish to send the IOSTokens, and you’re done.
Receiving IOSToken to your Zengo crypto wallet is a straightforward process. To receive IOST, you’ll first have to provide your wallet address to the sender. Once someone has sent you IOSTokens, a notification request is prompted. Hit the receive button and you are all done!
Disclaimer: The information provided herein is for educational purposes only. Zengo does not provide any investment or financial advice whatsoever. As with any financial or investment decision, conduct your own research and due diligence to properly evaluate the benefits and risks of any investment or financial transaction and seek the advice and guidance of qualified financial professionals, in connection with any investment or financial transaction.
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