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IoTeX

IOTX

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About IoTeX

IOTX is an Ethereum token that powers IoTeX, a platform that aims to connect IoT devices (such as cameras and sensors) and decentralized applications. IOTX can be used to pay for transactions, for staking and governance, and to register new devices on the IoTeX network.

IoTeX (IOTX) is a decentralized platform that was initiated as an open-source project in 2017. It seeks to establish an open ecosystem where machines and humans can interact with trust, free will, and under well-structured economic models. The platform is powered by a team of over 40 research scientists and engineers who have developed an EVM-compatible blockchain using the innovative Roll-DPoS consensus. Since its launch in April 2019, the platform has been managed by over 100 delegates globally and has processed more than 10 million transactions. IoTeX also has developed infrastructure to facilitate interoperability with other blockchains, enabling EVM-based DApps to scale without worrying about high gas fees.

IoTeX operates on a unique blockchain that is EVM-compatible, providing flexibility and scalability for various applications. The platform uses the Roll-DPoS consensus mechanism, which is managed by over 100 delegates worldwide. The native coin of the platform, IOTX, governs the underlying blockchain protocol and is also used as the gas for the blockchain protocol. IoTeX also features a unique economic design known as Burndrop, which intends to manage the supply of IOTX as the number of devices managed by IoTeX increases. The platform also includes middleware such as Decentralized Identity, Confidential Computing, and Secure Hardware, which have facilitated the creation of self-sovereign devices and real-world data oracles.

IoTeX aims to serve as the decentralized backbone for machine economics, catering to machines ranging from smart home devices to autonomous vehicles. The platform has enabled the creation of self-sovereign devices such as Ucam, and real-world data oracles like Pebble. These developments have allowed innovative DApps to connect the physical world with the crypto world, enabling use cases such as real-world NFTs, weather derivatives, and machine learning-as-mining. The platform's native coin, IOTX, is used to govern the underlying blockchain protocol and as gas for the blockchain protocol, indicating its function within the IoTeX ecosystem.

IoTeX was initiated as an open-source project in 2017 by founders Raullen Chai, Qevan Guo, Xinxin Fan, and Jing Sun. The team, comprising over 40 research scientists and engineers, built an EVM-compatible blockchain from scratch using the innovative Roll-DPoS consensus. The platform was launched in April 2019 and has since been managed by over 100 delegates worldwide. The platform has processed more than 10 million transactions and has developed infrastructure to facilitate interoperability with other blockchains. Over the years, IoTeX has developed middleware and DApps that have enabled the creation of self-sovereign devices and real-world data oracles.

Market

Market stats

Market cap

$367.7M

Volume (24h)

$7.5M

Circulating supply

9.4B IOTX

Typical hold time

33 days

Popularity

#149

All time high

$0.50

Market performance

Price change (1h)

-0.06%

Price change (1d)

+4.78%

Price change (1w)

-8.76%

Price change (2w)

-10.1%

Price change (1m)

+24.03%

Price change (1y)

+129.41%

Market benchmarks

Performance (1Y)

+138.78%

Vs. Market (1Y)

+18.87%

Vs. BTC (1Y)

+5.04%

Vs. ETH (1Y)

+56.6%

Social

Some highlights about IoTeX on social media

583 unique individuals are talking about IoTeX and it is ranked #672 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, IoTeX has an average sentiment score of 3.3 out of 5. Finally, IoTeX is becoming more newsworthy, with 0 news articles published about IoTeX. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly neutral about IoTeX. There were 27.37% of tweets with bullish sentiment compared to 16.84% of tweets with a bearish sentiment about IoTeX. 55.79% of tweets were neutral about IoTeX. These sentiments are based on 190 tweets.

On Reddit, IoTeX was mentioned in 146 Reddit posts and there were 225 comments about IoTeX. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

583 people

Posts

160 posts

Dominance

0.04%

Volume rank

#672

Average Sentiment

3.3 out of 5

Twitter

Reddit

Posts

146

Comments

225

Post Score

200

Comment Score

214

Coinbase Bytes

Coinbase Bytes

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IoTeX is on the decline this week.

The price of IoTeX has decreased by 0.06% in the last hour and increased by 4.78% in the past 24 hours. IoTeX’s price has also fallen by 8.76% in the past week. The current price is $0.0395 per IOTX with a 24-hour trading volume of $7.49M. Currently, IoTeX is valued at 92.06% below its all time high of $0.50. This all-time high was the highest price paid for IoTeX since its launch.

The current circulating supply of IoTeX is 9,441,372,454 IOTX which means that IoTeX has as total market cap of 9,441,372,454.

FAQ

What is the current price of IoTeX?

We update our IoTeX to USD currency in real-time. Get the live price of IoTeX on Coinbase.

What is the market cap of IoTeX?

The current market cap of IoTeX is $367.71M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of IoTeX?

The all-time high of IoTeX is $0.50. This all-time high is highest price paid for IoTeX since it was launched.

What is the 24 hour trading volume of IoTeX?

Over the last 24 hours, the trading volume of IoTeX is $7.49M.

What other assets are similar to IoTeX?

Assets that have a similar market cap to IoTeX include Aave CRV V2, Rocket Pool, XDC Network, and many others. To see a full list, see our comparable market cap assets.

How many IoTeX are there?

The current circulating supply of IoTeX is 9.4 billion.

What is the typical holding time of IoTeX?

The median time that Coinbase customers hold IoTeX before selling it or sending it to another account or address is 33 days.

What is the relative popularity of IoTeX?

IoTeX ranks 50 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of IoTeX?

Currently, 89% of Coinbase users are buying IoTeX. In other words, 89% of Coinbase customers have increased their net position in IoTeX over the past 24 hours through trading.

Can I buy IoTeX on Coinbase?

Yes, IoTeX is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy IoTeX guide.