IOTA

IOTA vs US Dollar chart

Trading Conditions

cTrader
Floating spreads
Minimum: 16
Average: 22.06
Limit and Stop Level
0
1 tick value
0.00001
Minimum contract size
0.01 lot
1 lot size
1 IOT
1 PIP value per 1 lot in USD
0.00001 USD
Minimum step for increasing contract size
0.01 lot
Margin requirements to open a lock position *
0
Execution Mode
Market (irrelevant of platform or Account type)
* Only if Margin Level > 100%

The average spreads provided for each platform are updated on a daily basis to reflect the average for the previous day. Though FxPro attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.

The above spreads are applicable under normal trading conditions. FxPro has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions of Business'.

IOTA

In 2015, developers from the CIS region created a platform that could support the interconnections of "smart things," and then they came up with an internal currency, IOTA.

IOTA is not an ordinary cryptocurrency but an ecosystem that combines concepts such as IoT (Internet of Things) and a type of blockchain technology called Tangle. There are no traditional blocks and chains here, but there are distributed registries. In order to make a transaction with a cryptocurrency, the user needs to confirm two transactions created before.

Like most other altcoins, IOTA is trying to level out the shortcomings of Bitcoin and increase the speed of transactions on the network, ensure complete data security and eliminate fees. Of course, such factors attract more and more investors to this cryptocurrency. Immediately after the beta testing, they included Samsung, Microsoft, Volkswagen, and other brands that noticed the project in 2016 on one of the crowdfunding platforms.

After the transition of Tangle technology to settlements through the SatoshiPay payment system in 2017, other companies like Jaguar Land Rover invested in the project.

One of the distinguishing features of Iota is the lack of a mining process; instead, the creators constantly emit altcoins. For example, 2.8 billion altcoins were initially released to the market.

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