IoTX (Internet of Things eXchange) is a cryptocurrency project related to the Internet of Things, not an Internet of Things platform. In the cryptocurrency world, IoTX stands for the token name of the IoTeX project.
IoTeX is a project that aims to build the next-generation IoT infrastructure. It is committed to solving the privacy, security, and interoperability issues currently facing the IoT. The IoTX token is the native token of the IoTeX network and is used for value transfer and exchange on the IoTeX platform.
The main functions of IoTX tokens include:
Network fee payment: In the IoTeX network, users need to pay IoTX tokens as transaction fees to use and participate in various functions and services in the network.
Governance rights: Holders of IoTX tokens can vote and vote on the development and decision-making of the network by participating in the network's governance process.
Reward Mechanism: The IoTeX network uses a consensus mechanism called Proof of Stake in Stake (PoSv3), where users who hold and stake IoTX tokens can receive rewards as an incentive for their participation in network security and operations.
IoTX tokens can be freely traded in the cryptocurrency market, and their value may be affected by factors such as market supply and demand, project development and overall market conditions. As an investor, before using or trading IoTX tokens, it is recommended to conduct sufficient research and risk assessment to understand the project’s background, team, technology and market prospects.
“DePINscan 1.0 is a landmark development and the first platform to fully reveal the DePIN market,” said Raullen Chai, co-founder and CEO of IoTeX.
Helium Foundation CEO Abhay Kumar said: "DePINscan is a necessary ecological resource for curious participants in cross-chain and projects building decentralized physical infrastructure projects."
Andy Chatham, co-founder of DIMO, said: “Resources like DePINscan are extremely helpful in increasing the transparency of networks like DIMO and provide a convenient entry point where users can learn, explore, and stay up to date with the latest developments in building DePIN. The best way.”
As we all know, Coingecko has become the data aggregation indicator of the entire web3 industry, with 50 million monthly visits, and depinscan is also catching up, becoming the traffic entrance and data detection station of the Depin ecosystem, and the first choice website for anyone to explore the DePIN ecosystem. .
DePINscan has quickly become a key resource for the DePIN industry, currently tracking over 16 million devices and 160 DePIN projects.
Since its launch in August, it has attracted more than 136,000 unique visitors and accumulated 317,000 page views, reflecting its important role in providing trusted insights into the DePIN market, which is currently worth over $13 billion .
DePINscan is provided by IoTeX's DePIN underlying infrastructure W3bstream. In the future, DePINscan's traffic will also positively benefit the IoTeX ecosystem.
IoTeX is a modular Web3 infrastructure platform that connects smart devices and real-world data to the blockchain. With the launch of W3bstream, the world’s first offline computing framework for smart devices and real-world data, IoTeX has become a leading decentralized physical infrastructure network (DePIN) technology provider.
Several hundred-fold projects are about to be developed under the IoTeX ecosystem. DEPIN&$Iotx token has a promising future.
