IoTeX (IOTX), as the leader of DePIN modular Web3 infrastructure platform, is the first to integrate smart devices and real-world data into blockchain. As a leader in decentralized physical infrastructure network (DePIN) technology, IoTeX can achieve comprehensive deployment and flexibly integrate modules into existing frameworks. Recently, IoTeX successfully obtained a $50 million investment in the DePIN ecosystem, aiming to promote the rapid development and widespread adoption of DePIN, focusing on multiple cutting-edge fields such as artificial intelligence, energy, and mobile travel.

IoTeX is working hard to build the Internet of Things (IoT), the cornerstone of the future Internet. What’s revolutionary about this is its ability to seamlessly connect and interact with various devices. Given that it has experienced overnight gains of 111% in the past, we can’t help but wonder if IOTX will see another rally? To find out, we need to delve deeper into IOTX price predictions.

As an open source blockchain protocol, the IoTeX network aims to promote device connectivity by providing scalability, privacy, and interoperability solutions. It also comes with a development kit to support IOTX-based dApp development. At the same time, compatibility with the Ethereum Virtual Machine (EVM) allows Ethereum developers to easily migrate contracts without starting from scratch. IoTeX claims that its blockchain can efficiently execute transactions with extremely low gas fees.

The IoTeX blockchain uses a proof-of-stake mechanism where users are rewarded for their contributions to the network, and the rewards are distributed based on the number of shares held by the user. In addition, IOTX holders can also participate in voting to elect representatives who maintain network security. In the IoTeX network, the IOTX currency also plays the role of transaction fees.

Regularly destroying a portion of the total token supply helps reduce the amount of tokens in circulation on the market, thereby maintaining the stability of the IOTX value. IoTeX stood out from the competition in the field of IoT blockchain and became one of the highest-yielding tokens in May last year. This is due to the continuous development and launch of the latest technologies by IoTeX, making it more practical in business and daily life, especially in the connection between human and machine interfaces.

So, how does IoTeX work? Since its inception, the Internet of Things (IoT) has profoundly transformed our daily lives, dramatically changing the way the physical world operates in personal and professional lives. Not only does it help people work more efficiently, it also enables seamless sharing and access of data across the globe. IoTeX achieves more efficient, secure and faster interactions by connecting blockchain technology with the Internet of Things and smart devices.

IoTex is a revolutionary blockchain network that empowers machines and humans to interact seamlessly. It gives users full control over their data and guarantees privacy and security when conducting online transactions. The core goal of IoTex is to ensure that consumers can own and manage the value and data they generate. With the network's ability to merge the digital world with the real world, users can now enjoy a variety of services.

As the native currency of IoTex, IOTX’s price is $0.0765 as of April 9, 2024. It is also highly rated and trusted across multiple cryptocurrency media and websites. After experiencing a 150% price surge, investors and traders hear news about IOTX almost every day.

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