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Convert
Turkish lira (TRY) to IOST (IOST) Instantly

TRY TRY
IOST IOST
Buy IOST (IOST)

Purchase IOST (IOST) with Turkish lira (TRY) 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 TRY 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 TRY/IOST trading pair represent and what is its significance for investors?

    The TRY/IOST pair represents a direct fiat on-ramp, allowing you to purchase the Internet of Services Token (IOST) using the Turkish Lira. Its significance lies in providing local investors direct access to the IOST ecosystem, a high-TPS blockchain known for its unique Proof-of-Believability (PoB) consensus mechanism, without first needing to convert TRY to another digital asset like BTC or USDT.

  • What is the standard process for executing a TRY to IOST purchase on a cryptocurrency exchange?

    To buy IOST with TRY, you typically need to register on a cryptocurrency exchange that offers this specific spot market pair. The process involves completing the mandatory KYC/AML compliance, depositing Turkish Lira into your account, often via a bank transfer (Havale/EFT), and then navigating to the TRY/IOST order book to place a buy order for the digital asset.

  • How does IOST's Proof-of-Believability (PoB) consensus mechanism work and what are its benefits?

    Proof-of-Believability (PoB) is IOST's proprietary consensus algorithm. It divides all nodes into a main validating group (Servi nodes) and a voting group. A node's believability score, which determines its chances of producing a block, is based on factors like token balance and reputation. This scalable architecture is designed to achieve high transaction throughput (high-TPS) while maintaining decentralization.

  • What types of fees are associated with trading IOST with Turkish Lira?

    When trading the TRY/IOST pair, you should be aware of several potential fees. These include maker/taker fees charged by the exchange on the trade itself, fees for depositing or withdrawing Turkish Lira, and network fees on the IOST blockchain (known as iGAS and iRAM) if you move your IOST off-exchange to interact with smart contracts or dApps.

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

    For secure storage after a digital asset purchase, it is highly recommended to withdraw your IOST from the exchange to a personal digital wallet where you control the private keys. Options include dedicated IOST software wallets or multi-asset hardware wallets for enhanced security. Never share your private keys, as they grant full access to your funds within the IOST ecosystem.
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