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Convert
Thai Baht (THB) to IOST (IOST) Instantly

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IOST IOST
Buy IOST (IOST)

Purchase IOST (IOST) with Thai Baht (THB) 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 THB 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 THB/IOST trading pair represent in cryptocurrency markets?

    The THB/IOST pair is a fiat on-ramp that allows traders to directly purchase IOST (Internet of Services Token) using Thai Baht (THB). This digital asset pairing is crucial for the Thai market, enabling direct investment into the IOST ecosystem, a high-throughput blockchain designed for scalability and enterprise-level decentralized applications (dApps) without first needing to buy another cryptocurrency.

  • What are common methods to buy IOST using a Thai Baht fiat gateway?

    To purchase IOST with THB, you typically use a regulated Thai cryptocurrency exchange. The process involves completing KYC/AML compliance, then funding your account with Thai Baht via local bank transfer, PromptPay, or Thai QR payment. Once funded, you can place a buy order on the THB/IOST order book to execute the blockchain transaction.

  • What is the 'Proof-of-Believability' consensus mechanism used by the IOST mainnet?

    Proof-of-Believability (PoB) is IOST's unique consensus algorithm. It's a hybrid model that uses a reputation-based system called Servi, which considers factors like a node's staked IOST balance and contributions. This allows for a more decentralized and efficient selection of block producers compared to traditional DPoS, aiming to achieve a high-throughput blockchain suitable for enterprise use and a robust DApp ecosystem.

  • How does the iGAS and Servi system work for transactions on the IOST blockchain?

    On the IOST network, transaction fees are paid with iGAS, not IOST tokens directly. Users can generate iGAS by staking their IOST tokens. This separates the token's value from network usage costs. Servi, on the other hand, is a non-tradable token that represents a user's reputation and contribution, used within the Proof-of-Believability mechanism to determine eligibility for block production. This dual-system promotes network participation and stability.

  • After buying IOST with THB, what is the most secure way to store this digital asset?

    For secure trading and storage, it is highly recommended to move your IOST from the cryptocurrency exchange to a private digital wallet where you control the private keys. Options include official IOST wallets, third-party software wallets, or, for maximum security, a hardware wallet. Always back up your seed phrase and store it offline in a safe location to prevent loss of your digital asset.
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