#### What is IBStoken? IBStoken (IBS) is a multi-purpose community token that is part of the International [Blockchain](https://www.coinbase.com/learn/crypto-basics/what-is-a-blockchain) Service and Academy (IBSA) ecosystem. Launched on February 19, 2020, IBS is a digital asset that operates on the Binance Smart Chain (BEP-20) and [Polygon](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/polygon-) ([Matic](https://www.coinbase.com/learn/crypto-basics/what-is-polygon)) platforms. It is designed to provide benefits and access to opportunities in the digital asset space. IBS aims to make blockchain technology more accessible and understandable to the average person, regardless of their technical ability. It is required for all products and services offered within the IBSA ecosystem. The token is designed to be used worldwide, offering multiple incentives to encourage the use of the platform, such as discounts and loyalty rewards. #### How does IBStoken work? IBStoken operates within the IBSA ecosystem, which aims to create an ecosystem of digital products backed by a single multi-utility token. The token is used to pay for all products and services within the ecosystem. IBSA provides cloud-based services that allow consumers to develop, use, and host their blockchain apps, functions, and [smart contracts](https://www.coinbase.com/learn/crypto-basics/what-is-a-smart-contract). IBSA manages the back-end services, taking care of the crucial blockchain technology artifacts and keeping them running without any downtimes. This includes hosting requirements and security protocols like distribution of resources, anti-hack layering, and bandwidth management. #### What are the potential use cases for IBStoken? IBStoken is a multi-purpose community token that can be used across a variety of digital products and applications within the IBSA ecosystem. It is designed to be a single token for multiple products and apps, making it profitable to earn rewards by creating and consuming content, learning, and communicating. The token can be used in various sectors including education, communications, fashion, and more. It also offers multiple incentives to encourage the use of the platform, such as discounts and loyalty rewards. The goal of IBSA is to create an ultimate ecosystem that provides tangible benefits to the market while requiring no technical knowledge from the end-user. #### What is the history of IBStoken? IBStoken was launched on February 19, 2020, as the native token of the International Blockchain Service and Academy (IBSA). IBSA aims to create an ecosystem of digital products backed by a single multi-utility token, IBStoken. The IBSA ecosystem targets the Blockchain service and [Crypto](https://www.coinbase.com/learn/crypto-basics/what-is-cryptocurrency) education market of India and countries like Bangladesh, Pakistan, and Sri Lanka. The token was created to allow anyone, regardless of technical ability, to use it effectively, while also making it more accessible and understandable to the average person. The goal of IBSA is to bring blockchain technology to the masses through simple ecosystems that provide tangible benefits to the market.