At 9:00 am Eastern Standard Time, cryptocurrency exchange Bitfinex officially launched the IOTA token, IOT. Tradable in IOT/USD and IOT/BTC pairs, tokens for use with the IOTA network are now publicly accessible through the Bitfinex website. This launch represents a milestone for IOTA as they expand their user base.yesteday when i was checking coin marcket cap I've a new economy movement there.IOTA tokens is on number 6 and that cam out from nowhere the reason behind that yesterday bitfinex added IOTA tokens for trading IOT/BTC and IOT/USD and iota pumped up alot.
as you can see IOTA is on number 6.\
now we need to know what is IOTA ?
let,s get started,,,
IOTA is an innovative new distributed ledger technology to function as the backbone of the Internet of Things.
Born in 2014, it is the only technology of its kind that is able to function as the lightweight distributed ledger with scalability, quantum resistance and decentralization for all IoT devices.
IOTA was created as a far related derivation of the blockchain technology but is far more advanced and is already recognized in the innovation-press like Forbes, Techcrunch, International Business Times and Huffington Post.
IOTA has no mining, no blocks, no difficulty, no transaction fees.
and that is what I know about IOTA .
want to know more: http://www.tangleblog.com/what-is-iota-what-is-the-tangle/
I will check it out
is this new on good?
too many coins, i mean 2.7B coins they have now, who can buy so many?
ripple is crippling now, even in korea fed up with the big qty, maybe china can absorb it?
I've read they have so many coins to make micro transactions easier, because they want their coin to be used by the Iot (Internet of things) And the coins are trade per MIOTA (Mega IOTA) so 1 000 000 IOTA is actually $0.420452.
thanks, in fact, i did not know the word" iota" now noted thanks
Your welcome:) I'll be posting a lot about IOTA the coming weeks, I thought you might be interested:)
yes, want to know more about IOTA
now buying some coins in bittrex and poloniex, in korea exchange, 10 coins
we can buy so
Awesome! You can ask me anything you would like to know about IOTA and I'll try to provide you with the best answer I can give. Make sure to follow me I'll be posting about IOTA a lot the upcoming weeks. I've got a couple posts about IOTA on my blog at the moment. Here's a link to my blog:) https://steemit.com/@playforpleasure
I noticed this one as well already in the top 10! I'm sure it will have its ups and downs but it is interesting nonetheless.
It definitely will. It already has had a huge down. I think this might have something to do with all the people buying IOTA before it hit the market and cashing out almost directly when it has hit the market for a higher price than they paid for it when it wasn't on the market.
This. That will be the big issue in my opinion going forward. What would the incentive be for ICO investors to adopt early on if they can just grab coins for less in a few days/weeks time.
I think you're absolutely right and the market is getting saturated with a lot of traders in it for the short run, looking to make a quick buck which makes the market even more volatile. IOTA has risen really quick again but I'm sure a lot of the trades are going to cash out the huge profit they made which will cause the IOTA price to fall again.
There are some of those who bough very cheap IOTA before it went to Bitfinex who still hold big volume however I believe that most already sold what they had.
I am sure that now the way is up.
This is the best time to invest, many will regret for not buying now.
I will not be one of them :)
Hi @michaelsol I agree with you! I've written a post about that if you're interested here is the link: https://steemit.com/cryptocurrency/@playforpleasure/why-iota-has-decreased-so-much-last-week-when-it-hit-the-exchanges
I think now is a nice opportunity to buy but I don't think the 'carnage' is over yet:)
The "get rich quick" folks are the ones that make this space less intriguing for new comers. They do not realize any "millionaires" that started with Bitcoin waited YEARS for gains to take place. The longer you hold the higher the commodity goes up 📈
I absolutely agree with you you in my opinion you should invest in a coin because you believe in the system behind it, I think that will make the best long term profit.
And the long term profit can be the biggest profit I think.
Thanks a lot for the info on IOTA! IOTA has catched my attention lately and I've been researching it a lot. I will be posting articles on IOTA often in the upcoming weeks and wanted to let everyone know that I love to share what I've learned about IOTA so feel free to ask me any questions you have about IOTA and I will do my best to provide you with the best answer I can give :) Have a nice day!
Thanks for the info!
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I really think the approach of detecting undervalued posts is an great idea.
We need more ideas like this to get people engaged here are valued more ( not totally ! ) equal !
Here is my take on IOTA: https://steemit.com/iota/@wolfofcrypto/iota-is-it-worth-one-iota
I'm new here. This looks promising. Will check it out. Nice to find another Indian here.
welcome on steemit. join our steemit india group https://www.facebook.com/groups/297728727342417/?ref=bookmarks share to your friends too
Thanks. Will do.
This is interesing, I would simply not believe in a short time. lol
How do you feel about mass adoption for IOTA will that come in your opinion?
IOTA is the future 100% into it.