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IoTeX

IoTeX Performance

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₹5.38

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₹5.7

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What is IoTeX (IOTX)?

IoTeX is an open-source platform that aims to integrate the economics of machines and people into one ecosystem. The IoTeX platform guarantees trust between human operators and machines ranging from smart home speakers to self-driving autonomous vehicles. Created in 2017, IoTeX built their EVM-compatible blockchain from scratch, and has reportedly processed 10 million transactions already.

Is IoTeX (IOTX) a promising cryptocurrency?

IoTeX has built a blockchain that promises fast, efficient, and seamless connectivity between people and machines in a decentralized environment. It also provides flexibility and scalability for various decentralized applications. The dApps built on IoTeX are mostly to bring self-learning and real-world smart technology to reality.

How to use IoTeX (IOTX) coins?

  • IOTX coins are predominantly used for governance purposes in the ecosystem.
  • These coins are built following a unique design that makes them deflationary in the long term while the number of devices hosted on IoTeX increases.

Primary Features of the IoTeX (IOTX) cryptocurrency

  • IOTX can also be used as gas fees on the protocol.
  • Can also be staked for regular rewards.
  • It is an ERC-20 token.

Pros and Cons of buying IoTeX (IOTX)

Pros:

  • It is an emerging technology that solves a tangible problem.
  • Addresses emerging need for regulation and management of IoT devices.
  • Managed by a credible team that’s already working with smart contracts, a wallet, and a blockchain explorer.

Cons:

  • Stiff competition from projects like VeChain and IOTA.

Trade IoTeX (IOTX) coin on CoinSwitch Kuber

  • You can start trading on the app with only Rs 100.
  • Enables immediate cancellation and deposit to bank accounts immediately.
  • Trade at null fees on this safest Bitcoin exchange.
  • Intuitive and easy user interface.
  • Offers easy monitoring to beginners.

Compare With Other Asset

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FAQ's on IoTeX

1. What is the IoTeX (IOTX) crypto used for?

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IOTX coins are predominantly used for governance purposes in the IoTeX ecosystem.

2. How expensive is IoTeX (IOTX)?

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At the time of writing (19th May 2022), IOTX is priced at $0.0306 per token.

3. Who developed the IoTeX token?

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

4. What is the maximum supply of IoTeX (IOTX) tokens?

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10 billion tokens.

Highlight

IoTeX is an open-source platform that aims to integrate the economics of machines and people into one ecosystem. The dApps built on IoTeX are mostly to bring self-learning and real-world smart technology to reality.

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Iotex Price Statistics

IOTX Price Today

IOTX Price

₹5.375

Price Change 24h

percent_change_icon

13.01%

Price Change 7d

percent_change_icon

39.06%

Market Rank

#150

Market Cap

₹5,100 Cr.

Trade Vol 24h

₹1,013 Cr

Circulating Supply

₹944 Cr. IOTX

Trading Activity

47% Buy53% Sell

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