What is IOTX
IoTeX is an EVM-compatible Layer1 blockchain that focuses on providing secure interactions between humans and machines, and aims to support the Internet of Trusted Things. By creating a trusted IoT platform, IoTeX powers a decentralized network of dapps (Cyclone, Mimo), smart devices (UCam, Pebble), services (ioay, ioTube), and digital assets, providing better value to end users.
Project team and financing
Founders: 1. Raullen Chai is the co-founder and CEO of IoTeX. He has served as the head of encryption R&D at Uber and the head of security engineering at Google. He also holds a PhD in Computer Science from the University of Waterloo.
2. Jing Sun is the co-founder of IoTeX and managing partner of Sparkland Capital. (Co-founder of Sparkland Capital)
3. Qevan Guo is the co-founder of IoTeX and previously served as a research scientist and engineering manager at Facebook. He also holds a PhD in Machine Learning and Computer Vision from the National University of Singapore.
The three founders have joined forces, but they still need to be strong themselves.
Financing status: First round 2018-2 Kenetic Capital, Hashed, Draper Dragon, DFUND, 8D Capital, BITRIA, Blockchange, LinkVC, IOSG Ventures financing amount 25 million! Second round 2019-09-18 HashKey Capital (undisclosed investment amount) Third round 2022-03-24 Wemade (undisclosed investment amount) Fourth round 2022-06-07Samsung Next*, Jump Capital*, Draper Dragon*, NewBuild.VC, HashKey Capital, Goodwater Capital, Xoogler Ventures, Wemade, Danhua Capital, IOSG Ventures, and other institutions raised 10 million
Recent IOTX events
2024.4.1 DePIN Track Insights (IoTeX Ecosystem Weekly Report)
PowerPod is building a decentralized global electric vehicle charging network and plans to issue tokens on the IoTeX network.
The Inferix GPU network has reached 259 nodes and plans to issue tokens on April 28.
The DePIN Liquidity Center has a maximum annualized rate of 185%, and magma points can be mined at the same time.
The first phase snapshot of enviroBLOQ is over. Continue staking to get more rewards.
Robot AI stops POW mining and the remaining ROBA will be destroyed and game points mining activities will be started.
There are 24,268 devices on the IoTeX network, and w3bstream has integrated 31 DePIN projects with a total of 653,352 devices.
$50M in funding for IoTeX’s DePIN ecosystem on April 3rd. Funding comes from @snzholding @ForesightVen @无边_帽 @ambergroup_io @fmgroupxy @MetricsVentures @EV3ventures @水滴基金 @夏日恒月峰 & others. $50M will be injected into long-term staked $IOTX, our DePINsurf accelerator, and DePIN projects #BuiltOnIoTeX. Our focus covers AI, energy, mobility, and more, and we promise to usher in a new era of growth and innovation in the DePIN space!
Future space prediction: An 18-year-old project has achieved an increase of more than 200 times in the last bull market. It can be seen that the strength of the project side is very strong, and at least they will build momentum, gain popularity, etc. to activate the market. A project party that does not cause trouble is not a good project party. Seriously developing its own ecology, over the past few years, 228 projects have been developed on IOTX. Today, major institutions have invested US$50 million to develop the IOTX ecosystem. It can be seen that these institutions are optimistic about the subsequent ecological development of IOTX, and as the ecosystem gradually expands. The price of IOTX tokens will also rise.
Will IOTX directly replicate the gains of the 2021 bull market?
The current market value is 654 million and the circulating quantity is close to full circulation. With the washout of the bear market, institutions and project parties are collecting funds to receive goods. Judging from the currency holding addresses, the chips are basically in the top ten hands, and there are still very few retail investors holding IOTX tokens in the market. As long as the project party and institutions work together to maintain the market value, it is very simple to pull the offer. There is also a great chance to directly replicate the highest position in 21 years. There is still a certain chance in the long run, at least you don’t have to worry about it being taken off the shelves. Old coins are more likely to be ignored by the market, especially coins whose market value is not very high. If you have IOTX, just take it. Just wait for the 21-year trend to be replicated!
