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Convert
Singapore Dollar (SGD) to IOST (IOST) Instantly

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IOST IOST
Buy IOST (IOST)

Purchase IOST (IOST) with Singapore Dollar (SGD) 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 SGD 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 are the common methods for buying IOST with Singapore Dollar (SGD)?

    To buy the IOST digital asset with SGD, the most common fiat on-ramp is through a cryptocurrency exchange regulated by the Monetary Authority of Singapore (MAS). Users typically complete KYC/AML compliance, then fund their accounts using direct bank transfers like FAST or PayNow. Once funded, you can place an order on the SGD/IOST order book to execute the trade.

  • What is IOST's Proof-of-Believability (PoB) and why does it matter?

    Proof-of-Believability (PoB) is IOST's unique consensus mechanism. Unlike Proof-of-Work, it uses a reputation-based system with 'Servi' and 'Believability' scores to select block producers. This matters because it enables the IOST mainnet to achieve ultra-high TPS (Transactions Per Second) and offer gas-free transactions for users, making it a highly scalable, enterprise-grade blockchain for dApps.

  • How do I securely store my IOST tokens after a SGD purchase?

    For secure trading practices, it's recommended to move your IOST from the cryptocurrency exchange to a private digital wallet that supports the IOST mainnet. Options include official IOST wallets or third-party wallets. Always secure your private keys or seed phrase offline and never share them. This gives you full control over your digital asset, away from centralized exchange risks.

  • Are blockchain transactions on the IOST network free after buying with SGD?

    While the initial purchase on an exchange has trading fees, the IOST network itself is designed for gas-free transactions for end-users. This is achieved through a resource model using iGAS and iRAM, which developers stake IOST to acquire for their dApps. So, when you send IOST or interact with dApps from your personal wallet, you generally won't pay a direct transaction fee, which is a significant advantage over many other smart contract platforms.

  • What kind of decentralized applications (dApps) are built on the IOST blockchain?

    The IOST ecosystem supports a diverse range of dApps, largely due to its high TPS and developer-friendly environment which supports JavaScript for smart contracts. You can find dApps in sectors like DeFi (Decentralized Finance), gaming (GameFi), NFTs, and various enterprise solutions. The high performance of the IOST mainnet makes it suitable for applications requiring high trading volume and fast confirmation times.
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