Coins
22,447
Market Cap
$2,479.7 B USD
24H Change

+4.74%

24H Volume
$65.61 B USD
Dominance
BTC: 50.10%, ETH: 16.31%
ETH Gas
9 Gwei

IOTX

IoTeX

IOTX

Add to Watchlist

$0.04052 USD

N/A

(24H)

0.0000006848 BTC

-1.02%

(24H)

IoTeX Price Chart (USD)

Loading...

Market Cap (USD)

$382.56 M

24H VOLUME (USD)

$19.24 M

Circulating Supply

9.44 B IOTX

Max Supply

10 B IOTX

Total Supply

9.44 B IOTX

How does the market feel about IoTeX today?

Crypto.com

How do you feel about IoTeX today? Vote to see results

General Information

Contract Address

  • icon

    Ethereum

    0x6fb3e0a217407efff7ca062d46c26e5d60a14d69


  • icon

    BNB Smart Chain (BEP20)

    0x9678e42cebeb63f23197d726b29b1cb20d0064e5


  • icon

    Polygon

    0xf6372cdb9c1d3674e83842e3800f2a62ac9f3c66


About IoTeX

Rank #140

IoTeX Price Summaries

Latest Data

IoTeX’s price today is US$0.04052, with a 24-hour trading volume of $19.24 M. IOTX is +0.00% in the last 24 hours.IOTX has a circulating supply of 9.44 B IOTX and a max supply of 10 B IOTX.


What is loTeX?

IoTeX (IOTX) is an open-source, Layer-1 blockchain network that is compatible with Ethereum virtual machine (EVM) and allows for safe interactions between people and machines. IoTeX drives a decentralised network of dapps (Cyclone, Mimo), smart gadgets (UCam, Pebble), services (ioPay, ioTube), and digital assets that provide higher value to end-users by developing a platform for the Internet of Trusted Things (IoTT). Using the IOTX token, users can connect Internet of Things (IoT) devices to the IoTeX network.

A brief history of loTeX

IoTeX was founded in 2017 with the goal of powering the IoTT, an ecosystem of safe data, devices, and people. Its founding team of Jing Sun, Qevan Guo, and Raullen Chai have extensive experience in cryptography, blockchain technology, and information security that supports the protocol's objective to achieve end-to-end trust in IoT. IOTX, the native token of the IoTeX blockchain, has been on the market since 2019.

Since its inception, the IoTeX ecosystem has grown to solve inherent security and privacy issues in traditional IoT systems. In addition, IoTeX has empowered users and developers to capture more value from the data and devices they own, from platform design and private sale fundraising in 2018 to launching self-sovereign and trusted devices like Pebble Tracker in 2021.

Due to regulatory constraints, a private initial coin offering (ICO) round started in January 2018, finishing on 14 February 2018, with around 50 approved investors. The Ethereum cryptocurrency (ETH) was used in the sale, with over 25,000 ETH (almost US$20 million at the current exchange rate) raised at a conversion rate of 96,000 IOTX to 1 ETH. As a consequence, 2.4 billion IOTX tokens were produced, accounting for 24% of the total supply. By November 2019, all private sale tokens were delivered.

IoTeX has devised a novel burn-drop tokenomics architecture, in which the overall supply of IOTX decreases in perpetuity as more devices are registered. Of the 1 billion IOTX tokens allocated to burn-drop, 900 million (90%) will be burned and 100 million (10%) will be dropped to long-term stakers. This burn-drop process will finish once 1 million “Powered by IoTeX” devices have been onboarded.

How loTeX works

IoTeX uses specially developed smart contracts to link real-world devices to the blockchain. The system incorporates a cross-chain data bridge to increase usability and usefulness across multiple networks, and leverages off-chain sensors, known as oracles, to monitor device data. The Truststream protocol functions as an oracle Layer-2 system.

Oracles are off-chain sensors that can send and receive data from a decentralised network. These sensors are critical in verifying and monitoring critical data. As a result, oracles are one of the most significant blockchain solutions to emerge in recent years.

IoTeX has also introduced roll-DPoS, a new delegated proof of stake (DPoS) version. This solution combines the greatest features of delegated staking networks with randomisation to boost efficiency and decrease centralisation. As part of this plan, the system allows users to stake their tokens in order to vote for delegates. On top of this, the MachineFi protocol enables users to transform machine resources and intelligence into revenues, meaning that anyone using the system may monetise their smart gadgets and other digital assets.

What is loTeX used for?

IoTeX leverages these smart devices to build a new kind of IoT-powered blockchain. As part of this plan, the system makes adding new devices to the network easier. It takes just a few minutes to add a sensor to the IoTeX system. Currently, the protocol is used by 9,366 smart devices.

The protocol enables users to conduct quick, safe, and transparent transactions, and users may easily add and monitor data from new devices across many platforms. This information, when combined, gives a complete picture of corporate activities.

More about IoTeX

Website

Where can you buy IoTeX?

trade astronaut

Buy on Crypto.com App

Sign up for an account in minutes to buy crypto using credit card or bank transfer.

appstoregoogle play
trade rocket

Trade on Crypto.com Exchange

Deposit crypto to our exchange and trade with deep liquidity and low fees.

Relevant resources

bulb icon

If you are new to crypto, use the Crypto.com University and our Help Center to learn how to start buying Bitcoin, Ethereum, and other cryptocurrencies.

bulb icon

To check IoTeX's price live in the fiat currency of your choice, you can use Crypto.com's converter feature in the top-right corner of this page.

The IoTeX price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies.

IOTX Price Statistics

IoTeX Price

$0.04052

24h high / 24h low

N/A

7d high / 7d low

N/A

30d high / 30d low

N/A

90d high / 90d low

N/A

All-time high / All-time low

N/A

Trending

Currency Converter

Amount

IOTX

IOTX

1 IOTX = 0.04052 USD

Rate is for reference only. Updated

General Information

Contract Address

  • icon

    Ethereum

    0x6fb3e0a217407efff7ca062d46c26e5d60a14d69


  • icon

    BNB Smart Chain (BEP20)

    0x9678e42cebeb63f23197d726b29b1cb20d0064e5


  • icon

    Polygon

    0xf6372cdb9c1d3674e83842e3800f2a62ac9f3c66


IOTX Price Statistics

IoTeX Price

$0.04052

24h high / 24h low

N/A

7d high / 7d low

N/A

30d high / 30d low

N/A

90d high / 90d low

N/A

All-time high / All-time low

N/A

Trending

Company

Copyright © 2018 - 2024 Crypto.com. All rights reserved.

Terms and Conditions

Privacy Notice

Status

Cookie Preferences

certificate: AICPA
certificate: SGS
certificate: SGS-27001
certificate: PCI-DSS
certificate: BSI