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Convert
Indonesian Rupiah (IDR) to IOST (IOST) Instantly

IDR IDR
IOST IOST
Buy IOST (IOST)

Purchase IOST (IOST) with Indonesian Rupiah (IDR) 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 IDR to IOST Pair

    Select your preferred payment method and enter the amount.

  2. Step 2 illustration
    02

    Enter Your IOST Wallet Address

    Provide your IOST wallet address and proceed with the payment.

  3. Step 3 illustration
    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 IDR/IOST trading pair represent in the digital asset market?

    The IDR/IOST pair is a direct fiat on-ramp allowing users to buy or sell IOST, the native token of the Internet of Services blockchain, using the Indonesian Rupiah (IDR). This is significant for the Indonesian market as it provides direct access to IOST's high-throughput, Proof-of-Believability (PoB) based ecosystem without needing to convert to another cryptocurrency first. This pair's liquidity is crucial for developers and users engaging with dApps on the scalable IOST mainnet.

  • What are the common methods to deposit IDR for buying IOST on Indonesian crypto exchanges?

    To buy the IOST digital asset with Indonesian Rupiah, most BAPPEBTI-regulated exchanges offer several fiat on-ramp options. The most common methods include direct bank transfers from major Indonesian banks, virtual account transfers, and deposits via popular e-wallets like OVO, GoPay, or DANA. After completing the mandatory KYC/AML verification, you can deposit IDR into your exchange wallet, navigate to the IOST/IDR order book, and place a buy order for your desired amount of IOST.

  • How does IOST's gas-free model impact transactions after purchasing via the IDR/IOST pair?

    Once you acquire IOST, its on-chain transactions operate on a unique gas-free model. Instead of paying variable gas fees, users stake IOST to generate iGAS and Servi, which are consumed to process blockchain transactions and use dApps. This means that after your initial purchase on an exchange, moving your IOST to a private digital wallet or interacting with the IOST ecosystem can be virtually free, providing a highly scalable and user-friendly experience compared to networks with volatile transaction fees.

  • What is Proof-of-Believability (PoB) and how does it secure the IOST network?

    Proof-of-Believability (PoB) is IOST's proprietary consensus mechanism, designed to be more decentralized and efficient than traditional Proof-of-Stake. It operates by assigning nodes a 'believability' score based on factors like token balance, reputation, and past contributions. Nodes with higher scores are more likely to be selected to produce a block. This system ensures high transaction throughput (high TPS) and network security while maintaining a low barrier to entry for nodes, fostering a more distributed and scalable blockchain infrastructure.

  • After buying IOST with IDR, what are the best practices for securely storing the digital asset?

    For secure trading and long-term holding, it is highly recommended to move your IOST from the cryptocurrency exchange to a non-custodial digital wallet where you control the private keys. Look for wallets that specifically support the IOST mainnet. Options include official IOST wallets or reputable third-party wallets that provide IOST support. Always back up your seed phrase offline in a secure location and never share your private keys. This practice minimizes the risk of loss from exchange-related security breaches.
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