1. What is IoTeX
IoTeX (IOTX) is currently the only DePIN modular Web3 infrastructure platform that connects smart devices and real-world data to the blockchain. IoTeX is a leading decentralized physical infrastructure network (DePIN) technology provider that can fully deploy or integrate modules into existing frameworks.
IOTX coin is a currency in the IoT concept sector. It is a card park project established in Silicon Valley in 2017. The original intention of the project is to create an open and mutually trusted IoT ecosystem. Its goal is to enable all people or machines to interact with information and exchange value in a more secure, reliable and privacy-protected environment.
2. Project Analysis
IoTeX recently received a $50 million investment in the DePIN ecosystem. The $50 million will be injected into the DePIN project of long-term pledge $IOTX , DePINsurf accelerator and #BuiltOnIoTeX. It is used to accelerate the growth and adoption of DePIN, focusing on artificial intelligence, energy, mobile travel and other fields. It promises to create a new era of growth and innovation in the DePIN field.
The IoTeX team is distributed around the world, including Silicon Valley, Singapore, and China, with 35 full-time members and more than 30 open source contributors worldwide. Since its launch, the code has been submitted 1,763 times, basically every day, and the project has a good maintenance frequency.
Third, my opinion on this project
IoTex is a blockchain + Internet of Things project. This is an automatically scalable and privacy-centric blockchain infrastructure project. With lightweight, private and easily scalable blockchain underlying technology, a blockchain platform that supports IoT applications is built. IOTX tokens are used to transfer money, run distributed applications, and incentivize community participants. IoTex attaches importance to users' demand for privacy and has certain prospects. Everything depends on the subsequent project development.
Fourth, price prediction#IoTeXis a relatively new blockchain with great potential. More IoT devices and DApps may be created on the#IoTeXnetwork, which will affect the overall price of #IoTeX. According to reports, in 2023, price predictions are expected to show a generally positive trend, and prices are expected to continue to rise in the next few years. Personally, I think the price will be around 0.Between 2 knives and 0.5 knives!
