IOTA Token
The IOTA token is the medium to transfer value within the IOTA mainnet. However, unlike other cryptos there are no fees to be paid with the base token, meaning that IOTA tokens are transferred 1 to 1 to the receiver, without miners or other intermediaries taking a cut.
Fair Distribution & No Inflation
Unlike most other cryptocurrencies, all 2,779,530,283,277,76 IOTA tokens have been fairly distributed upon its initial ICO without any early VC funding or tokens allocated to founders. Furthermore, there are no vesting schedules or token lockups, meaning the entire supply is circulating.
IOTA has no inflation baked into its protocol, meaning that token holders are not getting artificially diluted and the supply stays static.
Buying IOTA
Note that exchanges usually use the symbol MIOTA on their platforms which represents 1,000,000 (1 million) IOTA tokens.
IOTA is listed on most major cryptocurrency exchanges: