IoTeX (IOTX) is an open-source blockchain platform designed to connect smart devices and real-world data with decentralized applications (dApps).

Its goal is to create an Internet of Things (IoT) ecosystem where users can own and control their devices and the data they generate, all within a secure and private environment.

Main features:

  • Smart device connectivity:
    IoTeX enables the integration of a wide variety of IoT devices, from wearables to autonomous vehicles, facilitating interaction between the physical and digital worlds.

  • Privacy and security:
    The platform incorporates advanced privacy technologies, such as zero-knowledge proofs (ZKPs) and confidential computing, to ensure that user data is handled securely and privately.

  • Scalability and performance:
    IoTeX uses a delegated proof-of-stake (DPoS) consensus mechanism combined with a blockchain-in-blockchain design, allowing for high scalability and fast, low-cost transactions.

Utilities of the IOTX token:

  • Payment for services:
    Users can use IOTX to pay for services within the IoTeX ecosystem, such as using dApps or interacting with smart devices.

  • Participation in governance:
    IOTX holders can participate in decision-making regarding the development and future direction of the platform through a decentralized governance system.

  • Staking and rewards:
    Users can lock (stake) their IOTX tokens to support network security and receive rewards in the form of additional tokens.

White paper:

The official white paper of IoTeX is titled:

- "IoTeX 2.0 – DePIN for Everyone!"

This white paper describes how IoTeX connects the physical world with the digital, enabling the creation of decentralized applications that interact with smart devices.

Annual evolution of IOTX price:

This is a list with the approximate price of IOTX at the end of each year since its launch:

  • 2018: $0.02

  • 2019: $0.01

  • 2020: $0.03

  • 2021: $0.10

  • 2022: $0.05

  • 2023: $0.08

  • 2024: $0.04 (as of December 25)

* IoTeX offers an innovative solution for the integration of smart devices into the blockchain ecosystem, focusing on privacy, security, and scalability.

With its focus on decentralization and user data ownership, IoTeX positions itself as a key platform in the development of the Internet of Things *