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Convert
Australian Dollar (AUD) to IOST (IOST) Instantly

AUD AUD
IOST IOST
Buy IOST (IOST)

Purchase IOST (IOST) with Australian Dollar (AUD) 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 AUD 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 is the AUD/IOST trading pair and why is it significant for Australian investors?

    The AUD/IOST pair represents the direct exchange rate between the Australian Dollar and the IOST digital asset. For Australian investors, it serves as a crucial fiat on-ramp, providing direct access to the IOST blockchain's high-TPS dApp ecosystem without needing to first convert AUD to another cryptocurrency like BTC or ETH. This simplifies the investment process and can reduce transaction costs.

  • What are the most common methods to buy IOST with Australian Dollars?

    The most common way to buy IOST with AUD is through a regulated Australian cryptocurrency exchange that lists the token. Users typically complete a KYC/AML compliance check, then fund their accounts using local payment methods like PayID, Osko, or a direct bank transfer. Once the account is funded with Australian Dollars, they can execute a trade on the AUD/IOST order book.

  • What is unique about IOST's technology compared to other digital assets?

    IOST's primary distinction is its Proof-of-Believability (PoB) consensus mechanism, which is designed to be more decentralized and efficient than traditional PoS. The network architecture uses Efficient Distributed Sharding (EDS) to achieve a high-TPS blockchain capable of handling enterprise-level demand. Furthermore, its gas-free model for users, which utilizes an iGAS/iRAM resource system, significantly lowers barriers for dApp interaction.

  • What fees are involved in an AUD to IOST blockchain transaction?

    A complete AUD to IOST transaction typically involves three potential fees: a deposit fee for your Australian Dollars (often zero for PayID/Osko), a trading fee on the exchange (a small percentage of the trade value), and a network withdrawal fee to move your IOST to a private digital wallet. A key benefit of the IOST blockchain itself is its gas-free model, so subsequent on-chain transactions don't incur fees for users, but instead consume iGAS resources.

  • How can I ensure secure trading of AUD/IOST and safe storage of my tokens?

    Secure trading begins with using a reputable, regulated Australian exchange that offers two-factor authentication (2FA). For long-term storage, it is highly recommended to withdraw your IOST digital asset from the exchange to a non-custodial digital wallet. This gives you exclusive control over your private keys, protecting your assets from exchange-related risks. Always back up your wallet's seed phrase securely and offline.
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