$53 562
-5.69%
$4227.54
-6.99%
$0.9249
-5.42%
$0.1431
-8.79%
$0.0941
-4.07%
Published by: 18:10, 02 December 2020

IOTX

IOTX is the basic monetary unit of the IoTeX blockchain project network. The project aims to create a decentralized network of the Internet of Trusted Things. The IOTX coin is launched on its own blockchain, with a Roll-DPoS consensus mechanism.


IoTeX is a decentralized ecosystem, with its own IOTX coin that serves as a freely convertible means of payment. Ultimately, the IOTX coin and the project's tokenomics create crypto-economic and reputational incentives that enable decentralized maintenance of the IoTeX network and effective maintenance of "Powered by IoTeX" products.


On the IoTeX network, users earn, spend, bet, and. Coin is also used to pay for transactions in the IoTeX blockchain.


Unlike other blockchain platforms, IoTeX is unique in that its use is not limited to humans. On the IoTeX network, both humans and machines have the ability to send payments, access smart contracts, and even charge for services. This is an extremely powerful concept that will provide a uniquely human-machine economy - machines will be equipped with wallets (just like human users) and will make automatic payments, data transfers, and more based on preprogrammed smart contracts.


Another important prerequisite for the functioning of a failsafe human-machine interaction is that all humans and machines must have a unique and unchanging identity. For this purpose, IoTeX has developed a decentralized identity (DID), which is brought into the blockchain and designed to operate without any pre-programmed centralized authority. DID enables users and devices to "discover and be discovered" on the IoTeX blockchain network through a unique DID structure for both people and devices.

IOTX Tokenomics can be used in Decentralized Finance (Defi); in the creation, purchase, sale, storage of non-interchangeable NFT tokens; in development tools for decentralized Dapps applications; in existing traditional business solutions for linking virtual and real assets.

IOTX coin is freely traded on all top cryptocurrency exchanges. The official wallet of the project - IoPay (read the instructions for installing and using the wallet).

Теги: iotex, iotx
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