Founded in 2017, IoTeX is a modular Web3 infrastructure platform that connects IoT devices and real-world data to the blockchain. Its products include EVM-compatible L1 blockchain, off-chain computing middleware W3bstream, DePIN browser DePINscan, decentralized identity ioID, etc.
In 2023, IoTeX will prioritize DePIN and define IoTeX as a modular center for the DePIN project, aiming to become the infrastructure for the entire DePIN track.
In the journey of promoting the rapid development of DePIN, IOTX is committed to working hand in hand with nodes that are equally passionate about DePIN. By staking IOTX to these selected DePIN nodes, not only can you enjoy the corresponding staking benefits, but it also represents support for the IoTeX network and contribution to the DePIN community.
At the same time, the plan for IOTX2.0 is to position the IoTeX platform primarily as a modular hub for DePIN (decentralized physical infrastructure network) projects. IoTeX 2.0 aims to address the liquidity challenges and complex technology stacks faced by DePIN projects. The roadmap for 2023-2025 will be defined by IoTeX 2.0, providing innovative solutions for the future.
This year’s bull market IOTX’s goal is to promote the cooperation between the DePIN project and W3bstream and the IoTeX blockchain on the IoTeX platform, provide the best experience for DePIN users, enable them to discover and participate in the DePIN project in a timely manner, and provide DePIN investors with mining, staking, earning and trading DePIN assets on the IoTeX platform. "
Last year, the first liquid staking on the IoTeX chain: uniIOTX is now online, mainly through Bedrock issuing a universal IOTX token - uniIOTX for the IoTeX chain staking service. When users deposit the native IOTX token into their staking pool, they can obtain uniIOTX. The value of uniIOTX will increase over time and provide users with asset liquidity without the need for users to understand the cumbersome technical knowledge of this process.
Not only that, IoTeX focuses on the DePIN field, and it is expected that through the integration with the AI and RWA markets, the DePIN market value will expand from US$2.2 trillion to US$10 trillion. As an important infrastructure layer in the DePIN field, IoTeX's overall network value will increase with the rapid growth of DePIN.
Adjusting the token economics model to provide incentives: IoTeX is redesigning its token economics model to attract DePIN builders and the broader community to participate. The goal is to create an ecosystem that encourages stakeholders to actively contribute, including evangelism, earnings, mining, staking, and trading.
Sharing value with ecosystem contributors: IoTeX emphasizes community collaboration and seeks to align its token model with the value created by IOTX holders, network validators, developers, and social marketers. This ensures fair distribution of value, and as DePIN adoption continues to grow, the overall network value of IoTeX will also increase.
At present, the technical form of iotx is in an upward trend, with the main pressure around 0.066. If it can break through the pressure, it will be expected to climb to around 0.085. Moreover, it is a fully circulated token with a market value of less than 630 million, which has a lot of room for growth! How far it can go in the future, let us wait and see! #BTC
