The project I will introduce to you today is probably the one with the greatest potential at present. It is ITOX. Why is it said to have such great potential? Let me explain in detail:
What is $IOTX a project?
IoTeX (IOTX) is an auto-scalable and privacy-centric blockchain infrastructure for the Internet of Things (IoT). Founded in 2017 as a Silicon Valley open source project, it builds network architecture from scratch (no forking) and tailors solutions for IoT use cases. IoTeX's mission is to create an open and trusted IoT ecosystem, committed to allowing all people and machines to freely interact with information and exchange value in a safe, trustworthy and privacy-protecting environment. Combining blockchain, security hardware, privacy computing and other technologies, the IoTeX network allows trusted data from trusted devices to be used in trusted DApps.
#ITOX ’s team composition:
It is composed of more than 30 top engineers and scientists from Uber, Google, Intel, Facebook and other top technology companies. Currently, the IoTeX network is jointly maintained by more than 70 nodes from all over the world, including Blockfolio, CoinGecko, DraperDragon, etc.
Token model for #ITOX
The total supply of ITOX ($ITOX) tokens is 10 billion, and the token economic model is as shown below
My personal views and opinions on #ITOX
First of all, we can learn from the official website that IoTeX is committed to building a next-generation blockchain platform that supports IoT applications with lightweight, private and easily scalable disruptive blockchain underlying technology. The $IOTX token is an important part of the IoTeX network ecosystem and is used for transferring money, running distributed applications, and motivating community participants. The specific insights are as follows:
IoTeX is a fully decentralized open ecosystem with native token (IOTX). The IOTX token has a variety of uses. Its goal is to ensure trusted, transparent and secure interactions between various entities in the IoTeX network, including nodes, stakeholders (voters), developers, service providers and users, etc. . The IOTX token and the IoTeX token economy complement each other, establishing a complete set of economic and reputational incentive mechanisms, further strengthening the concept of decentralization of the IoTeX network, and fully applying it to IoT products "empowered by IoTeX".
In the IoTeX network, various entities access and use various network resources by using, staking, and destroying IOTX. As the utility of IOTX tokens increases, its demand and value will continue to grow, continuously motivating many participants to support, maintain, and serve the IoTeX network. Therefore, it can be seen that "Etan Star" is a god-level project with great potential!
Based on the above analysis, I personally have a price prediction for the token "Etan Star", also known as #ITOX
The highest price of $ITOX was on November 13, 2021, which was the peak of the last bull market. The price reached 0.2136$FDUSD , and it is now basically at the peak of the bull market, and it is worth the market needs, so I Its price is predicted as follows:
This month it will rise from 0.076$USDC to 0.18 $USDT
Then it will rise all the way from $0.18 to $0.8