Does the public chain still have a chance? Let’s briefly talk about the leaders in the IoT public chain track!
1. In-depth analysis of the project
1.IoTeX (IOTX)
IoTeX, founded in 2017, is a decentralized network tailored for the Internet of Things (IoT).
In February 2018, IoTeX’s private sale of 24% of total supply was rapidly distributed. The sale raised a whopping 25,000 ETH, or about $20 million, at about $0.0083 per token.
2.IOTX Token
Decentralized IoT solutions provide solid support. Its maximum supply is limited to a precious 10 billion pieces, and as of October 2023, 944 million pieces (94.4%) are freely circulating in the market.
IOTX coins implement a participatory governance model. Holders can stake their IOTX coins, participate in the election of representatives, and even receive generous rewards for their outstanding contributions to the development of the network. This governance model gives holders more rights and responsibilities, making the development of the network more democratic and transparent.
In terms of the team, IoTeX has gathered the elite forces of Silicon Valley. This team of more than 30 top engineers and scientists from top technology companies such as Uber, Google, Intel, and Facebook provides strong support for the development of IoTeX with excellent technical strength and deep industry experience.
Currently, the platform is maintained and supported by more than 60 global representatives, including Blockfolio, CoinGecko, DraperDragon and other well-known institutions. With the help of capital, its investors are strong, including Samsung, NEXT, Draper, GoodWater, Jump, Wintermute and many other well-known institutions.
2. Personal IoTeX Insights
When we analyze the value of a currency, in addition to the team financing, we mainly look at its narrative and whether it can be implemented. The narrative is fine with the support of the current concepts of RWA, DePIn and the Internet of Things, and DePIN, as a branch of RWA, has gradually gained attention recently.
At the previous Hong Kong Fintech Week, DePIN became the focus of the Web3 industry, and the combination of Web3 and physical facilities is considered to be the next outlet. Techub News published an article saying that "DePIN is the biggest narrative of Hong Kong Web3."
In terms of implementation, what currently hinders the realization of this potential is that IoT devices are somewhat isolated.
IoTeX aims to bridge this gap by enabling secure communication between various IoT devices.
IoTeX aims to bridge this gap by establishing a single version of the truth for real-world activities and connecting it to Web3.
3. Price Outlook and Trading Strategies
Based on IoTeX's narrative logic, landing capabilities and market performance, I am optimistic about its future price trend. With the continuous advancement of the project and the improvement of market recognition, the price of IoTeX is expected to usher in explosive growth. #热门话题
In terms of trading strategy, IoTeX’s 24-hour trading volume on Binance has reached 10 million, up nearly 7 times from the bottom. For a public chain project, this increase is quite good.
However, considering that 40% of IoTeX tokens are in a pledged state, the actual circulation is relatively small. As a public chain, it does not seem high. After all, any public chain now starts at several billion US dollars! Compared with other second layers, the current ecology and prospects are very high except that TVL is not high. TVL will be easy to increase in the future, so this bull market is conservatively estimated to have about 3 times of space!
Under the same circumstances, $IOTX will $ARB $OP have a more outstanding growth in a bull market!
