IoTeX is partnering with @JasmyMGT, pioneers in Japan’s blockchain space & members of the @coinbase 50 Index, to bring #DePIN to Japan. 🇯🇵 @HARA_JasmyCFO @JanctionMGT
Together, we’re combining Jasmy’s expertise with IoTeX’s infrastructure to drive DePIN innovation & empower users across this key market.
This is just the start—stay tuned for more updates.
#IoTeX Optimistic predictions suggest that IOTX could reach $1.80 or even $1.90, which would represent substantial growth. These estimates assume strong adoption of IoT technology, regulatory support, and continued development of the IoTeX platform
#IoTeX is a blockchain platform focused on the internet of things (IoT), aiming to facilitate secure and efficient interaction between connected devices. The central idea is to create a decentralized network where devices can exchange data and carry out transactions independently and securely. Here are some important points about IoTeX:
1. Decentralization and Privacy:
The IoTeX network uses blockchain technology to ensure that data collected from devices is stored securely, without relying on interference. This guarantees privacy and control over user data, something crucial in a world with so many connected devices.
2. Scalability and Performance:
To handle the high volume of transactions that IoT requires, IoTeX was designed with a focus on scalability. Its architecture uses a combination of Proof-of-Stake (PoS) and other innovations to ensure the system can scale efficiently and cost-effectively.
3. IoTeX Virtual Machine (IVM):
The platform offers its own virtual machine, the IVM, which allows developers to create and run smart contracts optimized for IoT devices. This makes it easier to implement smart solutions in the IoT ecosystem.
4. Iotex Token (IOTX):
The IOTX token is used on the network for transactions, payment of fees, and as an incentive for network validators and participants. IOTX is also used for governance, allowing token holders to influence decisions about the future of the network.
5. Partnerships and Applications:
IoTeX has teamed up with several technology companies, such as Tesla, to develop IoT solutions in the automotive sector and other fields. The network can be used in a variety of applications, including smart homes, supply chain tracking, and even healthcare devices.
Optimistic predictions suggest that #iotx could reach $1.80 or even $1.90, which would represent substantial growth. These estimates assume strong adoption of IoT technology, regulatory support, and continued development of the IoTeX platform#
$IOTA We have until 12/12/24 before iota explodes; heading for 50,000% - The biggest crypto on the internet of things... we'll have lots of surprises from now on. Don't miss the bullet train... 💪🏾👊🏾
IoTeX: A 29X Increase from the Original Price! Can It Do It Again?o
Is IoTeX (IOTX) Poised for More Gains? Here's How Much It’s Up Since Launch! 🚀 IoTeX (IOTX) has come a long way since its launch in May 2018 at an issue price of $0.009. Fast forward to today, and it's currently trading at $0.04496 as per the latest data from Binance. This represents a whopping 5X increase from its initial price. In fact, IoTeX has hit an all-time high of $0.2611 in November 2021, which was almost a 29X increase from the original price! What’s even more exciting is the potential for further growth. With its focus on empowering the Internet of Things (IoT), IoTeX has the chance to disrupt multiple industries by enabling secure and scalable machine-to-machine interactions. Its unique approach could easily see it reach new highs. 📢 Please show some love ❤️❤️ by liking and commenting – it means the world to me 😢😭! And don’t forget to follow for more insights. Your support helps us continue creating valuable content! IoTeX’s current market cap sits at $424.74M, with a total supply of 9.44B IOTX and a maximum supply of 10B. This relatively low market cap, compared to its potential, means there could be massive room for growth, especially as IoT becomes more integral to the global economy. Could we see IoTeX go back to its all-time highs or even surpass them? 🚀 Will IoTeX 10X Again? With blockchain-based IoT solutions becoming more essential, IoTeX has a strong foundation to build on. Its use cases in decentralized identities, real-world data oracles, and machine networks make it a project to watch. With the right market conditions, IoTeX could soar higher, especially if IoT tech continues to gain mainstream adoption. HiddenCandleStickPattern
Network3 Launches First Batch Of N3 Edge V1 Mining Machines
According to BlockBeats, on September 7, data from DePINscan revealed that nearly 2,000 units of the first batch of Network3's N3 Edge V1 mining machines are now operational. These machines, part of the IoTeX ecosystem project DePIN & AI infrastructure, have initiated dual mining incentives for N3 and IOTX device verification modules. The current payback period is estimated to be 120 days, ranking among the top three in recorded DePIN projects.
Network3 aims to build a DePIN & AI Layer2 to assist global AI developers in efficiently, conveniently, and economically conducting large-scale inference, training, or model verification. The N3 Edge V1 mining machines, which sold out quickly on their pre-sale day, are the first physical devices to integrate IoTeX's on-chain device identity verification module, ioID. Each device's authenticity and operational status are verified in real-time on the blockchain, and users receive additional IOTX incentives for the device verification module.
As the proposer of modular infrastructure for DePIN, IoTeX has modularized the complex and burdensome real-world and Web3 connection systems, including on-chain device verification, off-chain data computation, privacy communication, and on-chain data storage. This modular construction allows DePIN projects to utilize these modules as needed to improve construction efficiency and reduce costs, paving the way for large-scale DePIN applications.
$IOTX is experiencing a downturn in trading activity, nearing the next 0.04$ support as bearish trends persist. An anticipated reversal suggests IOTX could lead alongside $BTC in the next cycle's bull rally. Our data tracked 430% gains so far.