Key metricsKey metrics
PricePrice$0.0048
CountryCountryMenlo Park, California

IoTeX (IOTX) Information{coin_name} ({symbol}) Information

IoTeX aims to become the privacy-centric and scalable spinal cord and nervous system for IoT. To achieve this and to address the aforementioned challenges, our architecture design has the following principles.
Utility of the coin/token
IOTX is required as virtual crypto "fuel" for using certain designed functions on the IoTeX Network (such as executing transactions and running the distributed applications on the IoTeX Network), providing the economic incentives which will be consumed to encourage participants to contribute and maintain the ecosystem on the IoTeX Network. Computational resources are required for running various applications and executing transactions on the IoTeX Network.

Team OverviewTeam Overview

Raullen Chai
Founder

Ph.D and Research Scientist in Cryptography at UWaterloo. Head of Crypto R&D at Uber, Security Engineer at Google. 8+ years of experience in cryptography and blockchain.

Qevan Guo
Co-Founder

Ph.D in Machine Learning and Computer Vision at National University of Singapore. Engineering Manager and Research Scientist at Facebook. Growth Hacker. Startup investor and advisor. 20+ publications / patents.

Jing Sun
Co-Founder

Founding partner of Sparkland Capital, focusing on Frontier Tech, lead 40+ investments and innovations in blockchain, security and IoT. Board director on numerous companies. Extensive experience in startup, investments and building up ecosystem.

Xinxin Fan
Head of Cryptography

Ph.D in Cryptography at UWaterloo. Sr. Research Engineer at Bosch Research. 14 years of research and industry experience in information security and crypto. 40+ publications / patents.

Questions and AnswersQuestions and Answers

IoTeX's mission
IoTeX is the auto-scalable and privacy-centric blockchain infrastructure for the Internet of Things (IoT). IoTeX’s global team is comprised of Ph.Ds in Cryptography, Distributed Systems, and Machine Learning, top-tier engineers, and experienced ecosystem builders. IoTeX is developing several in-house innovations to push the frontier of blockchain 3.0, including a blockchain-in-blockchain architecture for heterogeneous computing, fast and robust Roll-DPoS consensus scheme, and lightweight privacy-preserving techniques. IoTeX is bringing autonomous device coordination to the masses by “connecting the physical world, block by block.”
What problems can IoTeX solve?
The Internet of Things has rapidly evolved over the past few years, but lacks real world “killer applications”. McKinsey & Company predicts that IoT could generate up to $11.1 trillion per year in economic value by 2025. Despite the massive potential of IoT, there are roadblocks ahead, such as lack of scalability, privacy concerns, and lack of functional values. IoTeX is solving these problems by creating a flexible, privacy-centric blockchain infrastructure tailor fit for IOT, leveraging a blockchain-in-blockchain architecture with cryptoeconomic incentives. By combining token incentives with community efforts, we can crowdsource industry and community contributions to address various technical challenges related to IoT architecture, infrastructure, and implementation.
What are IoTeX’s competitive advantages?
At a high level, IoTeX's competitive advantage stems from four main innovations: 1. Blockchain-in-blockchain architecture which ensures privacy and prevents IoT information leakage; 2. Built-in privacy based on lightweight cryptography; 3. Real-time consensus with instant finality, which improves the throughput of the network, reduces transactional costs, and enables efficient cross-chain communication; and 4. Subchain-as-a-service (SAAS) to facilitate fast prototyping and production of new IoT applications and ecosystems.
Does IoTeX use DAG?
No, IoTeX does not use directed acyclic graphs (DAG). IoTeX believes that DAG is an interesting technology, but is still in its infancy.
What is an IoTeX token? How does it work?
One of the key factors affecting monetary value is inflation. We plan to address inflation by fixing the total supply of IoTeX tokens from the start at 10 billion tokens. Prior to the launch of the IoTeX Mainnet, the circulated IoTeX token will be an ERC20 token (ticker: IOTX), which is not mineable. Immediately after the launch of the IoTeX Mainnet, we will work with exchanges to help IOTX token holders redeem their ERC20-based IoTeX tokens for the native IoTeX tokens (ticker: IOX). The native token will be mineable, similar to PoS, for 50 years. Rewards of the mining will reduce over time based on a linear gradient reduction model.
Can other projects launch their own token on IoTeX blockchains?
Yes. IoTeX's mission is to allow developers to easily create their own robust and useful subchains for their own projects and ecosystems. Subchains are meant to be flexible, meaning they can choose to use their own tokens or the IoTeX token, can be programmed in a variety of programming languages, and can be made permissioned (private) or permissionless (public). If you have ideas or plans with regards to your own subchain or token, please reach out to us - we would love to help you design your own token economy!

TechnicalTechnical

Key metricsKey metrics
Token InformationToken Information
IoTeX is a token on the ETH platform using the ERC-20 standard. The address of the token contract is 0x6fb3e0a217407efff7ca062d46c26e5d60a14d69.

Source Code Repositories

iotexproject/iotex-core 237 Stars 38 Contributers 57 Open Issues

Official Go implementation of the IoTeX protocol

iotexproject/iotex-explorer 31 Stars 25 Contributers 98 Open Issues

Official explorer and wallet of IoTeX blockchain!

iotexproject/iotex-bootstrap 10 Stars 15 Contributers 4 Open Issues

Config and instructions for running IoTeX node

EconomicsEconomics

Tradeable CoinsTradeable Coins
1,331,040,005 (13% of total) ({tradeable_of_total} of total)

Rich List Addresses holding the largest balances

AddressAddress AmountAmount NameName
0x9631ea18e14b3629caf46b141ab215db51465660 5,000,000,000
0x87c9dbff0016af23f5b1ab9b8e072124ab729193 2,051,349,110.10071
0xbe0eb53f46cd790cd13851d5eff43d12404d33e8 955,442,743.320679
0x0fbd65285b3d5e4061861ad67644d668534ef362 880,000,000
0xfbb1b73c4f0bda4f67dca266ce6ef42f520fbb98 127,447,288.525685 Bittrex 1
0x1c4b70a3968436b9a0a9cf5205c787eb81bb558c 104,230,189.85386 Gate.io 3
0x19aa8f3fd8bdfbe5b80780eaa387ee3c8746c83f 100,049,766.977394
0xf977814e90da44bfa03b6295a0616a897441acec 90,000,000.7344907
0x4efe32ecd78036d1f9b8fca8ccce7ab973b4db52 67,600,000
0x17de23cde56691adb985ba6735901a2a22d397e3 64,500,000
0x3f5ce5fbfe3e9af3971dd833d26ba9b5c936f0be 36,692,734.3585593 Binance 1
0x689c56aef474df92d44a1b70850f808488f9769c 21,342,831.1969633 KuCoin 2
0xd96dc8bd345bb981f2666167999529d35f1bb3d1 20,000,000
0xba826fec90cefdf6706858e5fbafcb27a290fbe0 19,938,914.6245003 Upbit 2
0xc184716d624efc9687617682eea23f72bdd263ad 18,877,019
0xaf8c006965bec0c4a725dc32f586bde34e72a60b 16,151,553.0122533
0x8a963ac5c4d1ae807a8e2c2e4bba8d50f5d0e5b6 13,000,000
0xe3031c1bfaa7825813c562cbdcc69d96fcad2087 12,888,178.053262
0x899b5d52671830f567bf43a14684eb14e1f945fe 11,931,492
0xfc0bf91bc2e3eaf87fed5b572a8820003ecc0b08 10,127,116.1095

Exchange Markets

ExchangeExchange MarketMarket PricePrice DiffDiff Volume 24hVolume 24h SpreadSpread Spread $1kSpread $1k
Binance IOTX/BTC $0.0048 -0.04% $208,692 2.4% 2.4%
Binance IOTX/ETH $0.0048 0.14% $20,423 0.7% 8%
Bittrex IOTX/BTC $0.0048 -0.04% $11,343 4.8% 4.8%
Gate.io IOTX/USDT $0.0049 2.1% $4,867.42 3.1% 7.1%
Gate.io IOTX/ETH $0.0048 -0.35% $529.13 1.3%

Latest IoTeX NewsLatest IoTeX News

Raullen Chai on Twitter

Great dinner with @zbruceli @YilunZhang4 from @NKN_ORG @stse from @harmonyprotocol @no89thkey from @CelerNetwork, @chandlersyf from @AnkrNetwork, @jieyilong from @Theta_Network. Intensive discussion about working together closely for the bright future of #Blockchain #Crypto… https://t.co/JsVD1PDJh9

IoTeX on Twitter ReadRead 

IoTeX on Twitter

?? IoTeX AMA w/ Asia Blockchain Review! ?? Mark your calendars for our LIVE Telegram AMA on August 15 ?? https://t.co/BcO4vNYTE7 Top 5 questions will get 500 IOTX + 1,000 VITA. Don't miss it! @abr_blockchain $IOTX #AMA… https://t.co/zX6BovKX2p

IoTeX on Twitter ReadRead 

Hotbit on Twitter

Good News: We are honored to invite IoTeX co-founder Raullen Chai to Hotbit English Telegram Group to hold an AMA. IoTeX AMA event at HOTBIT English Telegraph Group is at 14:30(UTC+8) on August 8th, 2019.Come and join our English telegram group:https://t.co/8G1tlJGbi3 @iotex_io… https://t.co/V3W8K2CiIh

IoTeX on Twitter ReadRead 

Vitality (VITA) on Twitter

??We want to inform our community that the current $VITA token minting schedule will be shifted 7 hours later than the original time due to a failsafe mechanism triggered in our services yesterday. The next cycle will start at 7:13 AM PDT. More updates at https://t.co/BVhzUovt3d

IoTeX on Twitter ReadRead 

IoTeX on Twitter

?? NEW IoTalks w/ @BandProtocol ?? Join our #IoTalks campaign: 1) Watch IoTalks on Data Governance, 2) Tell us your BEST #blockchain use case, and 3) Win tokens + swag! $IOTX #band ?? Full campaign instructions here: https://t.co/eZL4lvEgbo

IoTeX on Twitter ReadRead 

Band Protocol on Twitter

?? @BandProtocol joins IoTalks by @iotex_io ?? Join our NEW #IoTalks Campaign: 1) Watch IoTalks on Data Governance, 2) Tell us your BEST blockchain use case, and 3) Win tokens + swag! $IOTX #bandprotocol ?? Full campaign instructions here: https://t.co/EQ4AgJxblK

IoTeX on Twitter ReadRead 

IoTeX on Twitter

?? New version of @TrustWalletApp has been released with a more secure and convenient #notification feature - try it out to get informed of your $IOTX transactions! #getTrust @iotex_io… https://t.co/zPDjFaVblr

IoTeX on Twitter ReadRead 

HashQuark on Twitter

We are excited to join @iotex_io network as a Delegate - this is the first step towards a long-term collaborative partnership. Looking forward to working together for the Internet of Trusted Things! #Blockchain #blockchaintech #Crypto #staking https://t.co/tKPh0AFYL1

IoTeX on Twitter ReadRead 

Blockchain Central on Twitter

To follow up the video below, we've been researching the #IoTeX protocol and have to say, the @iotex_io team are not messing around. ?? The #IoT/#blockchain space is looking incredibly polished! ?????? @larryxpang @qevanguo @iotex_DACH @Raullen https://t.co/qLWpT8ETPV

IoTeX on Twitter ReadRead 

IoTeX on Twitter

??IoTeX Town Hall + AMA is starting now! ?? Tune in for tech updates and NEW announcements on IoTeX blockchain + hardware. Don't miss it! ?? Watch LIVE here: https://t.co/pzlkX7RXnd

IoTeX on Twitter ReadRead 
This information is provided AS IS and is not adviceThis information is provided AS IS and is not advice. May contain errors or omissions. Please always do your own research before trading.May contain errors or omissions. Please always do your own research before trading.
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