IOST serves as the intrinsic cryptocurrency of the high-speed Internet of Services ecosystem, featuring several applications:
Staking
Community participants can stake IOST on the Internet of Services blockchain, aiding in network security. This staking method within the ecosystem is termed voting. By being an $IOST token owner, you have the opportunity to vote for an existing network node and secure your assets there, earning rewards in IOST cryptocurrency.
Purchase and Trade IOST
IOST crypto is a widely traded and invested asset in the cryptocurrency market. Whether trading against other digital currencies or maintaining a long-term holding based on the future prospects of the IOST Network, it is advisable to monitor the live Internet of Services price, IOST market cap, circulating supply, 24-hour trading volume, and recent crypto news before engaging in IOST transactions.