Key metricsKey metrics
PricePrice$0.0095
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 306 Stars 36 Contributers 53 Open Issues

Official Go implementation of the IoTeX protocol

iotexproject/iotex-explorer 28 Stars 23 Contributers 94 Open Issues

Official explorer and wallet of IoTeX blockchain!

iotexproject/IOTX-voting-contracts-ABI 8 Stars 1 Contributers 0 Open Issues

ABIs for IOTX staking/voting contracts

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 1,509,932,235.94183
0x0fbd65285b3d5e4061861ad67644d668534ef362 1,435,959,995
0x4e9ce36e442e55ecd9025b9a6e0d88485d628a67 829,302,858.310906 Binance 6
0x2444919721b0b1abef3a21adeb504179ee67888f 165,000,000
0xfbb1b73c4f0bda4f67dca266ce6ef42f520fbb98 136,407,944.436945 Bittrex 1
0x1c4b70a3968436b9a0a9cf5205c787eb81bb558c 104,230,189.85386 Gate.io 3
0xdc1882f350b42ac9a23508996254b1915c78b204 100,253,982.863406 Allbit 1 (Contract)
0x030e37ddd7df1b43db172b23916d523f1599c6cb 80,000,000.8677018
0x59592b36973e184033a9e4bbf407d697bd5a77ed 64,000,000
0xba826fec90cefdf6706858e5fbafcb27a290fbe0 29,665,561.0042935 Upbit 2
0x4efe32ecd78036d1f9b8fca8ccce7ab973b4db52 28,800,000
0x1dd2e25dab6a506177c8f1dc77080deb38172f72 25,000,000
0x689c56aef474df92d44a1b70850f808488f9769c 23,698,206.5671686 KuCoin 2
0xd96dc8bd345bb981f2666167999529d35f1bb3d1 20,000,000
0x8bb37aa4817a69be7965b5fda22eccaed6f4453c 19,200,000
0xc184716d624efc9687617682eea23f72bdd263ad 18,877,019
0xa73113cc65c6b9eedb21aa93103cf6f942571310 16,843,387.7505753
0x0d0707963952f2fba59dd06f2b425ace40b492fe 14,688,257.4403635 Gate.io 1
0xe3031c1bfaa7825813c562cbdcc69d96fcad2087 12,555,293.8994539

Exchange Markets

ExchangeExchange MarketMarket PricePrice DiffDiff Volume 24hVolume 24h SpreadSpread Spread $1kSpread $1k
Binance IOTX/BTC $0.0095 -0.18% $1,920,204 1.1% 1.1%
Binance IOTX/ETH $0.0096 1% $203,220 0.88% 2%
Bittrex IOTX/BTC $0.0096 0.97% $133,571 1.1% 2.2%
Gate.io IOTX/USDT $0.0095 0.13% $34,615 1.9% 3.9%
Gate.io IOTX/ETH $0.0098 3.3% $3,469.41 2.6% 44%

Latest IoTeX NewsLatest IoTeX News

CoinGecko on Twitter

As IoTeX's delegate ??, we're sending our congratulations across to our friends @iotex_io on their launch of their first token: VITA @vitatoken! ?? ?? They're celebrating it with a giveaway - Check it out and tell your friends! ?? #TakeYourVITA https://t.co/68hKNx2v7d

IoTeX on Twitter ReadRead 

Vitality (VITA) on Twitter

?? IOTX-to-VITA Bidding Pool is LIVE! ?? 20% of all new VITA @vitatoken is up for grabs in the Bidding Pool every day! "Bid" IOTX via IoTeX Wallets and #TakeYourVITA ?? ?? Learn more in our new blog: https://t.co/TGQscjuUxp

IoTeX on Twitter ReadRead 

Flipside Crypto on Twitter

Crypto Disparity Ratio | June 20, 2019 Evaluating discrepancies between #fundamentals and market cap with @CoinMarketCap This week's most undervalued assets: @remme_io @OfficialXYO @kin_foundation @raiden_network @iotex_io #blockchain #DataAnalytics #FCAS… https://t.co/v2WFD45b9J

IoTeX on Twitter ReadRead 

IoTeX on Twitter

Introducing our newest IoTeX Delegate @everstake_pool ! Welcome to the IoTeX Network #moreDelegates #moreDecentralization ????… https://t.co/Jlv8DF2MQI

IoTeX on Twitter ReadRead 

Everstake on Twitter

IOTEX @iotex_io added on https://t.co/gJh7HmkTBP! Enjoy ~10% annual yield, regular automatic payouts, top-notch gear, transparency, and more. The fee is as low as 5%. Learn more about #IoTeX privacy-centric blockchain platform & IoTeX #staking https://t.co/Ess7hlQGfA

IoTeX on Twitter ReadRead 

IoTeX on Twitter

?? Vitality (VITA) token is now LIVE! ?? VITA is hosting a ?? 1,000,000 VITA + 10,000 IOTX ?? giveaway to celebrate - enter NOW to get your @vitatoken, spread the word! ?? #TakeYourVITA https://t.co/dniM8EybTu

IoTeX on Twitter ReadRead 

Vitality (VITA) on Twitter

??Vitality (VITA) token is now LIVE! ?? VITA is the first IoTeX Network token - thousands are claiming VITA every day, join the movement!! ?? ?? VITA Website: https://t.co/mXxj5nXbY2 ?? VITA FAQs: https://t.co/a6upc0PEfF ?? VITA Discord: https://t.co/zeqaixpmxo #TakeYourVITA

IoTeX on Twitter ReadRead 

IoTeX on Twitter

?? SWAP IOTX-E TO $IOTX feature is BACK ONLINE ?? Our Swap to IOTX (native) feature is re-opened now at ?? https://t.co/zvhMQ2HigF The new swap contract address is ??0x450caB2535D57cE9df625297D796aee266611728. Please stop using the former swap contract: 0x0xB907****6fc3.… https://t.co/gksD16tgvW

IoTeX on Twitter ReadRead 

IoTeX on Twitter

?? Korea Ministry of Science & ICT is working with @iotex_io for advancing the #blockchain #technology. Firstly top Korean talents will be sent to us and work with us day&night! ????? Ministry of Science & ICT plans to invest $9 million in 2019 for expanding blockchain technology.… https://t.co/7HkLyQVEas

IoTeX on Twitter ReadRead 

IoTeXLab on Twitter

@iotex_io #IoTeX #Blockchain #for #InternetOfThings #IoT #odroid #sbc #RaspberryPi…

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.
;