The $IOTX token is the cornerstone of the IoTeX blockchain, supporting a decentralized IoT solution.
As of October 2023, its maximum supply is set at 10 billion, of which approximately 94.4% are in circulation.
IOTX not only facilitates efficient and low-cost transactions on the network, but also supports smart contracts and decentralized applications (DApps), and is the core driving force of the IoTeX network's decentralized ecosystem. The versatility of IOTX is reflected in the fact that it is not only used for gas fees for transactions, but also facilitates network governance and strengthens the registration of IoT devices through staking and burning mechanisms. The token also gives holders the right to participate in governance, including staking, voting for representatives, and being rewarded for their contributions to the development of the network.
The distribution strategy of IOTX tokens is designed to ensure the steady growth of the IoTeX network. The project raised 25,000 ETH through a private sale in February 2018, demonstrating its long-term commitment to community development, team incentives, ecosystem building, and network security.
In particular, IoTeX's Burn-Drop v2 token economic strategy incentivizes users to register and use devices by burning and distributing IOTX tokens, while increasing rewards for stakers, promoting network expansion and participation. This strategy has successfully destroyed more than 180 million IOTX and distributed more than 20 million, showing support for long-term participants and ecosystem projects.
With the deepening of decentralized governance and network expansion, $IOTX is expected to usher in a new growth climax and become an important force in the field of IoT plus AI. #IOTX物联网+AI #TrendingTopic: #热门话题