IOStoken

IOStoken(IOST)

IOS (Internet of Services) is going to provide the network infrastructure to support a service-oriented ecosystem. Currently, many dapps face the problem of low throughput and are not able to scale. There are many possible solutions to scaling and IOST provides one of their own.
  • Market Cap
    $333.219.600
  • Price
    $0.039669
  • Category
    Business services
  • Origin
    Singapore
  • Team Size
    15-25
  • Initial Release
    03/01/2018
  • 10-8 High Potential
  • 8-7 Potential
  • 7-6 Considerable
  • 6-5 Risky
  • 5-0 Scam
Satoshi Rating
  • Product Ratings
    7.6
  • Team Ratings
    8.0
  • Execution Ratings
    7.3
Product
  • The need for the product ⓘ

    10
  • Total addressable market size ⓘ

    8
  • Product/market fit ⓘ

    8
  • How is the product compared to existing solutions? ⓘ

    6
  • How difficult is to make the product? ⓘ

    8
  • Could this product scale? ⓘ

    9
About Product
At its current state blockchain is not fast and cheap enough for large companies to consider using it as an underlying architecture for some of their parts. It may not be feasible to switch to a completely decentralized structure for most of the big corporations but it is not even feasible to run an app like cryptokitties in its current state. So this is becoming an important issue to fix and many startups and academics are working on it. IOS plans to tackle this problem using Efficient distributed sharding and many supporting innovations.
Team
  • Team's previous experience ⓘ

    8
  • Does the team have a clear vision? ⓘ

    9
  • Is technical team sufficient for building the product? ⓘ

    9
  • Is the team active? ⓘ

    9
  • Is the team size big enough? ⓘ

    7
  • How is the team growth? ⓘ

    9
About Team
Most of the team is in tech-heavy and majored in CS. They are experienced in building distributed systems. Good combination of academic and industry backgrounds. They have successful exits.
Execution
  • Could this team get the product into a market? ⓘ

    9
  • Could they do it in time? ⓘ

    7
  • Did they meet previous deadlines? ⓘ

    8
  • Is the marketing strategy sufficient? ⓘ

    7
  • Team’s previous achievements ⓘ

    9
  • Strategic partnerships ⓘ

    8
  • Current market size ⓘ

    5
About Execution
IOST raised money using a private sale. 30 investors participated, well known VCs like Sequoia and ZhenFund are backing them. Their funds are well managed. This gives a credibility to the project. They are trying to solve a tradeoff between scalability, security, and decentralization. It will take time and might require new technologies. 2018 will be a development and improvement year with a possible final product in q3 2019
Editor's note

The issue they are fixing is on many researchers radar for some time. The solution is not perfect needs increased size of participants to perform well. It also needs to evolve with the blockchain ecosystem. In its early stages, this ecosystem might support multiple solutions to scalability so we don't think competition as an issue. Actually, we really need competition right now. High scalability might increase use of decentralized services which in turn start the second revolution in the blockchain.

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Initial Rating: April 22, 2018

Last modified: June 8, 2018