IoTeX (IOTX)

Last updated 16/09/2022

What is IoTeX (IOTX)?

With a vision for the Internet of Trusted Things, a decentralized environment where people and machines may communicate with guaranteed security and trust, IoTeX was established as an open-source platform in 2017.

"IoTeX’s mission is to enable a borderless ecosystem where humans and machines can interact with guaranteed trust, free will, and privacy. We envision a future where users, not institutions, are in complete control of their devices and data. No intrusive ads or surveillance, just privacy and peace of mind. We call this vision the Internet of Trusted Things."

IoTeX will democratize access to machine-backed DApps, assets, and services to give value to consumers and support the new machine economy by fusing the physical and digital worlds.

Additionally, middleware has been developed on top of the IoTeX blockchain to support self-sovereign devices like Ucam and real-world oracles like Pebble, such as Decentralized Identity, Confidential Computing, and Secure Hardware.

The team has constructed the fundamental building blocks of infrastructures to interact with Ethereum, BSC, and Heco blockchains on top of the IoTeX blockchain. Fast, high-performance, and EVM-compatible blockchain with flexibility and scalability for a variety of applications has been developed and launched by IoTeX.

The IoTeX platform is controlled and used by a decentralized network of users, developers, and businesses. The IOTX token, which also permits anybody to be a stakeholder in the IoTeX Network, powers network transactions and smart contracts.

Team

Raullen Chai, Qevan Guo, Xinxin Fan, and Jing Sun are the IoTeX founders.

Raullen Chai - Head of Cryptography at Uber, PhD in Computer Science from University of Waterloo
Qevan Guo - Product Lead at Facebook, PhD in Machine Learning from University of Singapore
Xinxin Fan - Sr. Research Scientist at Bosch, PhD in Cryptography from University of Waterloo
Jing Sun - Managing Partner at Sparkland Capital, a Silicon Valley-based Venture Capital firm

Roadmap

IoTeX has been built from the gound up starting in 2017 to secure the data, devices, and funds of millions of users in the future machine economy.

January 2018 – Fund Raising

Through a private sale funding round, $25 million in ETH was raised

April 2019 - Mainnet Alpha Launch

Roll-DPoS Consensus, an Ethereum-to-IoTeX bridge, and EVM-compatible execution units, among other critical blockchain components, were introduced with the rollout of the Native IOTX coin on the IoTeX Mainnet

November 2019 - Mainnet Beta Launch

Release of the XRC-20 token standard, cross-chain transfers, and native IOTX staking through the Mainnet Beta

June 2020 - Mainnet GA Launch

Key features include IoTeX Platform 2.0, Pantheon for enterprise, native staking v2, and the Hermes rewards system were included in the launch of the mainnet GA, code-named Machina

September 2020 - UCam Launch - Hardware Launch

UCam, a home-security camera by IoTeX and Tenvis, launched on Amazon

September 2020 - Burn-Drop Initialization - Tokenomics

Burn-drop tokenomics started

January 2021 - Pebble Tracker Launch – Hardware Launch

Developed by Pebble, the tracker turns real-world sensor data into data that is ready for the blockchain

Where to Store IoTeX (IOTX)

The official wallet for IoTeX network is ioPay. It allows you to send and receive fungible and non-fungible tokens, supports staking, gives access to IoTeX DApps and supports multi chain assest management.

Similarly, Exodus can also store IOTX tokens and various other cryptocurrencies. Exodus is free and easy to use and can be downloaded to either a desktop or mobile device. Exodus will then be tied to whichever device it has been downloaded to which will also be the device you will use to access and manage your crypto assets.

Alternatively, to store your IoTeX tokens secure and offline, we recommend the leaading hardware providers such as Ledger and Trezor.

Where to Buy and Sell IoTeX (IOTX)

You can Buy & Sell IoTeX (IOTX) here at BC Bitcoin.

You can Buy IoTeX (IOTX) by heading over to the Buy Coins page of our website. IOTX is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying IOTX has never been easier, simply place your order and provide your wallet address. Once your payment arrives, IOTX will be sent directly to your wallet.

If you choose to Sell IoTeX (IOTX), you can send us the coins and receive a payment to your bank account. Details and a live valuation can be found on the Sell Coins page.

IoTeX (IOTX) Resources

Website: https://iotex.io/

Block Explorer: https://iotexscan.io/token/0xa00744882684c3e4747faefd68d283ea44099d03

Twitter: https://twitter.com/iotex_io

Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers responsibility to complete their own research and due diligence.