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Convert
Philippine Peso (PHP) to IOST (IOST) Instantly

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IOST IOST
Buy IOST (IOST)

Purchase IOST (IOST) with Philippine Peso (PHP) 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 PHP 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 PHP/IOST trading pair represent on a cryptocurrency exchange?

    The PHP/IOST pair is a direct fiat on-ramp that allows you to purchase IOST, the native token of the Internet of Services blockchain, using the Philippine Peso (PHP). This pair shows how many PHP are needed to buy one IOST token. Trading this pair on a regulated cryptocurrency exchange enables users in the Philippines to directly enter the IOST DApp ecosystem without first converting their fiat to another digital asset like BTC or USDT.

  • Where can I find liquidity to trade Philippine Peso for IOST?

    Liquidity for the PHP/IOST pair is typically found on BSP-licensed cryptocurrency exchanges in the Philippines that list IOST. Additionally, peer-to-peer (P2P) platforms can be a viable option, connecting buyers and sellers directly. When choosing a platform, consider factors like trading volume, order book depth, and KYC/AML compliance to ensure a secure trading experience.

  • What are the common payment methods for converting PHP into IOST?

    To convert PHP to IOST, most fiat gateways and local exchanges support popular Philippine payment methods. These often include direct local bank transfers, digital wallets like GCash and PayMaya, and sometimes even over-the-counter cash-in points. Using these methods facilitates a quick and accessible digital asset purchase for users within the Philippines.

  • What technical advantages does the IOST blockchain offer to its token holders?

    IOST is a high-performance blockchain designed for enterprise-level scalability. Its core technical advantage is the Proof-of-Believability (PoB) consensus mechanism, which aims to achieve high TPS (Transactions Per Second) while maintaining decentralization. The network supports JavaScript smart contracts, making it highly accessible for developers and fostering a robust DApp ecosystem that IOST token holders can participate in.

  • How are transaction costs managed on the IOST network, and what are iGAS and iRAM?

    Unlike blockchains with fluctuating gas fees, the IOST network uses a unique resource model. To perform transactions or run smart contracts, users stake IOST to obtain iGAS (for computational power) and iRAM (for storage). iGAS is generated continuously and is essentially free, while iRAM is a tradable resource. This system, part of its scalable architecture, is designed to make network usage more predictable and affordable for users interacting with its DApp ecosystem.
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