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Convert
United Arab Emirates dirham (AED) to IOST (IOST) Instantly

AED AED
IOST IOST
Buy IOST (IOST)

Purchase IOST (IOST) with United Arab Emirates dirham (AED) easily at Switchere and benefit from fast, secure transactions.

About
IOST (IOST)

IOST (Internet of Services Token) is an enterprise-grade blockchain platform designed to provide a highly scalable, secure, and decentralized network for the development of dApps. It directly addresses the blockchain trilemma by aiming for high throughput without sacrificing security or decentralization. The project stands out as a robust Web3 infrastructure, offering a developer-friendly environment capable of supporting service-oriented ecosystems. Its architecture is built to handle the high transaction volumes required by large-scale commercial applications, positioning it as a significant digital asset for enterprise solutions.

The core of IOST's innovation is its unique consensus mechanism, Proof-of-Believability (PoB). This algorithm operates alongside other proprietary technologies like Efficient Distributed Sharding (EDS) and Micro State Blocks (MSB) to achieve impressive transactions per second (TPS). PoB selects validators based on a believability score, which considers factors like token balance and reputation, ensuring network efficiency and cryptographic security. The native IOST utility token is essential for the ecosystem, used for paying gas fees, staking to contribute to the consensus mechanism, and participating in on-chain governance. This integrated tokenomics model incentivizes network participation and secures the distributed ledger.

IOST (IOST)

How to Buy IOST (IOST)

swipe Step-by-step guidance
card Easy credit card payments
btn Streamlined purchase process
  1. Step 1 illustration
    01

    Choose AED to IOST Pair

    Select your preferred payment method and enter the amount.

  2. 02

    Enter Your IOST Wallet Address

    Provide your IOST wallet address and proceed with the payment.

  3. 03

    Receive Your IOST

    Complete the payment, and your IOST will be sent to your wallet.

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Frequently asked questions

  • What does the AED/IOST trading pair represent and what is its significance?

    The AED/IOST pair represents the exchange rate between the United Arab Emirates Dirham (AED) and the IOST token. Its significance lies in providing a direct fiat on-ramp for users in the UAE to access the IOST ecosystem. This allows for a straightforward digital asset purchase, enabling participation in a high-throughput blockchain network known for its unique Proof of Believability (PoB) consensus mechanism.

  • What are the typical methods for purchasing IOST with United Arab Emirates Dirham?

    To buy IOST with AED, users typically utilize a licensed cryptocurrency exchange that operates in the UAE. The process involves completing KYC/AML compliance, then funding your account with AED via local bank transfer or debit/credit card. Once funded, you can execute a trade on the AED/IOST order book or use an instant buy feature on the platform.

  • Are there any technical details about the IOST network I should know when buying with AED?

    Yes, when you purchase IOST, you are acquiring the native coin of the IOST mainnet. You'll need an IOST-compatible wallet address to withdraw your tokens from the exchange. Be mindful of the network's resource model, which uses GAS and RAM for transactions and smart contract execution. Understanding this is key to interacting with dApps within the IOST ecosystem after your purchase.

  • How can I securely store IOST tokens after a successful AED to IOST transaction?

    For secure storage, it is highly recommended to transfer your IOST from the exchange to a personal digital wallet where you control the private keys. Options include official IOST software wallets or third-party hardware wallets for 'cold storage', which offers the highest level of security against online threats. Never share your private keys or seed phrase.

  • What should I consider regarding fees and regulations when using AED as a fiat gateway for IOST?

    When using an AED fiat on-ramp, consider the exchange's deposit and trading fees. Transactions are subject to the regulatory framework within the UAE, often overseen by bodies like the Virtual Assets Regulatory Authority (VARA). Processing times for AED deposits can vary, with bank transfers potentially taking longer than card payments, which may have higher fees.
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