What is IOST (IOST)

1. Project Introduction
IOST is a decentralized blockchain network that utilizes the Proof-of-Believability (PoB) consensus algorithm. It aims to build a high-throughput infrastructure capable of meeting the scalability and security demands of a decentralized economy.
Launched in 2017, IOST held an ICO in January 2018, raising $31.3 million. Its public testnet went live on June 30, 2018, and it transitioned to mainnet in February 2019. IOST is the native token of the IOST blockchain and is used for staking, trading, and participating in DApps and services across its ecosystem.
Summary: IOST is a blockchain-as-a-service platform built for large-scale adoption, with a mission to power scalable and secure decentralized services.
2. Team & Investment Info
Team: The IOST team includes professionals with experience at Microsoft, Uber, Oracle, Kraken, and BCG.
Blake Jeong, Co-CEO and co-founder of Big Candle Capital, previously led business development at Fast Campus.
Jimmy Zhong, IOST founder, graduated magna cum laude from Emory University, participated in 500 Startups, and has launched and exited multiple ventures.
Funding: In April 2023, IOST secured a $10 million investment from Canadian Web3 investor BitValue Capital
3. Social Media URLs
X: https://x.com/IOST_Official
Telegram: https://t.me/officialios
Facebook: https://www.facebook.com/IOSTofficial/
Medium: http://medium.com/iost
4. Token Info
Token Symbol: IOST
Token Type: Native coin on IOST mainnet
Total Supply: 21.32B
Contract Address: https://www.iostabc.com/
Token Distribution:
Private Sale: 40%
Team: 10%
Advisors & Equity Investors: 2.5%
Strategic Sale: 5%
Token Treasury: 35%
Community: 5%
Business Development & Marketing: 2.5%
5. Related Links
Official Website: https://iost.io/iost/
LinkedIn: https://www.linkedin.com/company/iostproject/
Other Info: https://www.rootdata.com/Projects/detail/IOST?k=MTMw