IOST (IOST) is a blockchain-based cryptocurrency created by a team of blockchain enthusiasts, including Jimmy Zhong and Terrence Wang. It aims to provide a secure and scalable platform for developing decentralized applications (dApps) and facilitating high-volume transactions. IOST serves as the native utility token of the IOST ecosystem, used for staking, voting, accessing dApps, paying for transaction fees, and earning rewards through network participation.