Binance US to Launch IOST on their Platform on April 18th, 2023

On April 18th, Binance. US officially announced that IOST will be officially launched and recharged at 20:00 (UTC+8) on April 18th, 2023, and the IOST/USD and IOST/USDT trading pairs will be opened at 20:00 (UTC+8) on April 19th.

Binance. US Announces Online IOST

Binance US, a popular cryptocurrency exchange, has recently announced that it will be launching IOST on their platform. In this article, we will cover what IOST is, how it works, and why this announcement is significant for both Binance US and IOST investors.

What is IOST?

IOST stands for Internet of Services Token and is an ERC-20 token that operates on the Ethereum blockchain. It is designed to provide a highly scalable and secure infrastructure for online service providers. Unlike other blockchain platforms, IOST prioritizes achieving high transaction speeds and throughput while maintaining security and decentralization.
IOST has its own consensus mechanism called Proof of Believability (PoB), which is considered an improved version of Proof of Work (PoW) and Proof of Stake (PoS). PoB uses a ranking system based on contributions and achievements within the network, incentivizing all node operators to perform at a high level.

Why is Binance US’s Launch of IOST Significant?

For IOST investors, Binance US’s launch of IOST on its platform represents a significant milestone. Binance is the largest cryptocurrency exchange by trading volume, and its US-based platform is fully licensed and regulated in multiple states. This makes it an essential partner for any cryptocurrency to gain exposure to a vast user base in the United States.
Additionally, Binance US’s announcement is a recognition of IOST’s solid fundamentals and its potential to become a significant player in the blockchain space.

The Launch Schedule

IOST will be officially launched and recharged on Binance US’s platform at 20:00 (UTC + 8) on April 18th, 2023. This launch date is highly anticipated by IOST’s community, and it is likely to lead to a surge in IOST’s price. The IOST/USD and IOST/USDT trading pairs will open on Binance US’s platform at 20:00 (UTC + 8) on April 19th.

How to Buy IOST on Binance US’s Platform

To buy IOST on Binance US, you need to first create an account and complete the verification process. Once your account is verified, you can deposit funds into your account using one of the supported payment methods. Next, you need to navigate to the IOST/USD or IOST/USDT trading pair and select the amount of IOST you want to buy. Finally, you need to confirm your purchase and wait for the order to be executed.

Conclusion

Binance US’s launch of IOST on their platform is significant for both IOST investors and Binance US’s user base. IOST’s solid fundamentals and potential have been recognized by the largest cryptocurrency exchange in the world, and its addition to Binance US’s platform will provide IOST with exposure to the vast US market.
Investors interested in buying IOST can now do so via Binance US’s platform once it is launched on April 18th, 2023. With its fast transaction speeds, secure infrastructure, and consensus mechanism, IOST is likely to attract significant interest from investors.

FAQs

1. What is IOST used for?
IOST is designed to provide a highly scalable and secure infrastructure for online service providers.
2. What is the Proof of Believability consensus mechanism?
Proof of Believability is a ranking system based on contributions and achievements within the IOST network, incentivizing node operators to perform at a high level.
3. How do I buy IOST on Binance US’s platform?
To buy IOST on Binance US, you need to create an account, complete the verification process, deposit funds, navigate to the IOST/USD or IOST/USDT trading pair, select the amount of IOST you want to buy, and confirm your purchase.