News • 4 min read
IOST, short for Internet-of-Services Token, has been listed on Bitpanda. The vision of IOST is to develop a fast and decentralised blockchain technology infrastructure, making it scalable for global adoption. Find out more and learn how you could win some IOST.
Update (the 29th of June 2021): Thank you for participating and congratulations to the lucky winners. All prizes have been paid out.
IOST was founded in 2018 by serial entrepreneur Jimmy Zhong, who has launched start-ups in the US and China. His vision for IOST was to create a fast and decentralised blockchain technology infrastructure, making it scalable for global adoption and more appealing for large corporations to use blockchain technology.
IOST uses its proprietary algorithm called “Proof of Believability” (PoB). As an alternative to “Proof of Stake”, PoB relies not only on token balance, but also on the nodes’ “believability score” which is based on the node’s transaction history. This concept enables true decentralisation through hundreds of nodes supported on the network, high levels of security, ultra-fast and gas-free transactions and high throughput. To date, more than half a billion transactions have been processed and around 4.56 billion IOST has been staked.
The name refers to both the foundation and the token. The IOST foundation is backed by venture capital firms such as Sequoia Capital and Matrix Partners. Japan’s Financial Services Agency has given regulatory approval to IOST for trading in the country, reinforcing their trust in the project. IOST has a maximum supply of 90 billion tokens with a total circulating supply of 16.5 billion in June 2021.
More recently, IOST has also joined the NFT game. While Non-Fungible Tokens were initially created on the Ethereum network, IOST wants to provide an alternative with their own NFT standard, aiming to be more cost-efficient than Ethereum’s NFT infrastructure.
To celebrate the listing of IOST on Bitpanda, make sure you don’t miss your chance to win some IOST: our giveaway starts at 12:00 PM CET on the 18th of June, 2021 and ends at 11:59 AM CET on the 25th of June, 2021.
Are you ready to win? Then here is what you have to do. Check out IOST on Bitpanda and diversify your portfolio by acquiring IOST. The more IOST you purchase, the higher your chances of receiving an additional €2,000 in IOST or one of the many other prizes - start trading IOST now.
The trader ranked in first place with the highest total amount of IOST purchased will receive €2,000 in IOST!
The traders ranked between 2nd to 5th place with the highest total amount of IOST purchased will each receive €1,250 in IOST!
The traders ranked between 6th to 10th with the highest total amount of IOST purchased will each receive €800 in IOST!
The traders ranked 11th to 20th with the highest total amount of IOST purchased will each receive €400 in IOST!
As a bonus prize, 75 traders (outside of the 20 winners from the prizes listed above) who are not residents of the Republic of Turkey, who are BEST VIP level 1 and above and who trade any amount of IOST will be randomly selected to receive €200 worth of Bitcoin each!
Please note that the exclusion of the residents of the Republic of Turkey from being selected as VIP-Winners is based solely on the legal requirements of the Republic of Turkey. The value of IOST for the calculation of the prize fund is pegged to its exchange rate as of the 28th of May, 2021; the respective conversion rate in use will be 1 IOST = €0.02660376.
Best of luck to everybody - Buy IOST now!
You can read the terms and conditions here and we will credit the winners within one week after the competition has ended. Prizes will be credited to the respective Bitpanda wallets.
Why your money is safe with BitpandaRead more
News • 2 min read
Bitpanda GmbH ve grup şirketleri (Bitpanda) Türk Parasının Kıymetini’nin Korunması Hakkında 32 sayılı Karar’ın 2/b maddesine göre Türkiye’de yerleşik sayılan hiçbir kişiye yönelik olarak 6362 sayılı Sermaye Piyasası Kanunu başta olmak üzere Türkiye Cumhuriyeti Devleti mevzuatı hükümleri gereği Türkiye’de faaliyet izni gerektiren hiçbir sermaye piyasası faaliyetine dair hizmet sunmamaktadır. Şayet Bitpanda’nın yabancı sermaye piyasalarında vermiş olduğu hizmetlerden Türkiye’de yerleşik kişilerin faydalandığı tespit edilecek olursa tüm zararları kullanıcıya ait olmak üzere bu hizmetler ivedilikle sona erdirilecektir.
The information we collect is used by us as part of our EU-wide activities. Cookie settings
As the name would suggest, some cookies on our website are essential. They are necessary to remember your settings when using Bitpanda, (such as privacy or language settings), to protect the platform from attacks, or simply to stay logged in after you originally log in. You have the option to refuse, block or delete them, but this will significantly affect your experience using the website and not all our services will be available to you.
We use such cookies and similar technologies to collect information as users browse our website to help us better understand how it is used and then improve our services accordingly. It also helps us measure the overall performance of our website. We receive the date that this generates on an aggregated and anonymous basis. Blocking these cookies and tools does not affect the way our services work, but it does make it much harder for us to improve your experience.
These cookies are used to provide you with adverts relevant to Bitpanda. The tools for this are usually provided by third parties. With the help of these cookies and such third parties, we can ensure for example, that you don’t see the same ad more than once and that the advertisements are tailored to your interests. We can also use these technologies to measure the success of our marketing campaigns. Blocking these cookies and similar technologies does not generally affect the way our services work. Please note, however, that while you’ll still see advertisements about Bitpanda on websites, the adverts will no longer be personalised for you.