BigONE Exchange doesn't guarantee credit endorsement for all the blockchain assets. The related introduction of blockchain assets is from third-party, so there might be some mistakes and omissions.
Trading of blockchain assets involves high investment risks. There are possibilities that the blockchain assets price crash to zero. You undertake to have a good understanding of the project(s) before investing and are fully aware of the risk in the investment process. You should carefully consider your own investment ability and be prudent in your decisions.
What is IOS(IOST) ?
The IOS (Internet of Services) provides a next-generation, decentralized ecosystem for online service providers and users with safeguarded and fast transactions based on blockchain technology. The IOS offers a solid infrastructure for all kinds of online service providers. Its scalable and secure blockchain and adoption of many pioneers and innovative technologies like HUDS (Hyper Universe Distributed System), FTFS (Fair & Transparent Feedback System), EDS (Efficient Distributed Sharding) and PoB (Proof-of-Believability) system will provide infinitely new possibilities for online service providers to serve their customer base.
The Use of IOS Token
In the IOS ecosystem, IOS tokens can be used for:
- Payment: Payments for services and goods provided by merchants or other community members.
- Commission: Payment to validators as compensation for running smart contracts, processing messages and transactions, and using resources shared by the general ecosystem including but not limited to storage space, computing power, etc. The commission fee exists to incentivize the validators and prevent malicious users from damaging the interests of the community through excessive deployment of smart contracts.
- Believability: IOS tokens will be used in the calculation of a user's believability, which plays an important role in our consensus mechanism
40.0% for the private token sale
35.0% toward the IOS Foundation to be used for ecosystem-building and development
12.5% toward the community to be used as incentives in the ecosystem
10.0% to the team
2.5% to early investors & advisors