IoTeX (IOTX)
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About IOTX
IoTeX is at the forefront of the Decentralized Physical Infrastructure Networks (DePIN) landscape, offering a modular infrastructure designed to empower developers in creating fully decentralized, composable, and interoperable projects. By providing an extensive suite of tools, IoTeX significantly reduces the build time and capital required to launch DePIN applications, making it easier for developers to integrate real-world data with blockchain technology. The platform features an array of in-house DePIN Infrastructure Modules (DIMs) and supports contributions from third-party providers like Filecoin and NearDA, facilitating a vibrant ecosystem. IoTeX's commitment to integrating artificial intelligence (AI) into everyday applications enables seamless connections between digital networks and physical devices. With support for over 1,000 projects, it offers real-time analytics and user-friendly interfaces, ensuring a smooth experience for developers and users alike. IoTeX aims to onboard 100 million devices over the next 3-5 years, unlocking trillions of dollars in real-world value on-chain and embodying the mission of DePIN for Everyone. Designed with robust data security and instant notifications, IoTeX facilitates confidence for users managing their DePIN projects, ultimately bridging the gap between the digital and physical worlds. As the DePIN market grows, IoTeX is poised to drive widespread adoption and innovation in decentralized technology, establishing its role as a leader in the blockchain space.
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Frequently Asked Questions about IoTeX
What is IoTeX?
IoTeX is a decentralized blockchain platform aiming to integrate blockchain technology with IoT devices, creating a secure and scalable ecosystem for the Internet of Trusted Things.
What is the IOTX token used for?
The IOTX token serves as the native cryptocurrency of the IoTeX network, used for staking, governance, and paying transaction fees within the ecosystem.
Where can I buy IoTeX tokens?
The native IOTX coin is available on centralized exchanges, including Binance, Coinbase, Gemini, KuCoin, and HTX, while the token version is also traded on decentralized platforms like Uniswap and Matcha.
How to buy IoTeX (IOTX)
To buy IoTeX on a centralized platform, create an account on a supported exchange, deposit fiat or crypto, and trade for TEL. To buy it on a DEX, connect a funded compatible wallet on the platform's website and buy it for another token on the same network.
How to mine IoTeX
IoTeX uses a delegated proof-of-stake (DPoS) model, meaning it is not mineable like Bitcoin. Users can participate in staking instead to earn rewards.
How to stake IoTeX
IoTeX staking is available through the ioPay wallet or supported exchanges. Stake IOTX with a validator to earn rewards while securing the network.
What is the best wallet for storing IOTX tokens?
The native IOTX coin can be securely stored in wallets such as the official ioPay wallet, while token versions can be stored in Bitcoin.com Wallet, MetaMask, Trust Wallet, and hardware wallets like Ledger and Trezor.
How to add IoTeX to MetaMask?
To add IoTeX to MetaMask, open the network selection menu in MetaMask, click 'add network', then enter the following network details. Network Name: IoTeX Mainnet; New RPC URL: https://babel-api.mainnet.iotex.io; ChainID: 4689; Symbol: IOTX; Block Explorer URL: https://iotexscan.io
How does IoTeX integrate with IoT devices?
IoTeX provides a decentralized platform that allows IoT devices to interact securely and autonomously, enabling trusted data exchange and automation across various applications.
Is IoTeX compatible with Ethereum?
Yes, IoTeX is compatible with Ethereum, allowing for interoperability between the two networks and enabling the use of Ethereum-based decentralized applications (dApps) within the IoTeX ecosystem.
Is IoTeX a good investment?
IoTeX's focus on integrating blockchain technology with IoT devices positions it uniquely in the market. Potential investors should consider factors such as the platform's technological advancements, partnerships, market demand for IoT solutions, and overall market conditions before making investment decisions.
Can IoTeX reach $1?
IoTeX reaching $1 would require significant market growth and adoption of its blockchain-IoT solutions. While possible, it depends on ecosystem expansion and broader crypto trends.
Can IoTeX reach $10?
For IoTeX to reach $10, its market cap would need to increase substantially. This is unlikely to happen in the next 3 years, as it would require mass adoption, strong partnerships, and continued technological advancements.
Will IoTeX reach $100?
A $100 price for IoTeX is extremely unlikely due to the required market cap exceeding that of most major cryptocurrencies. Long-term growth will depend on adoption and demand.
Does IoTeX have a future?
IoTeX has a strong focus on blockchain-IoT integration, real-world use cases, and partnerships. Its future depends on industry adoption, technological developments, and market conditions.
How many IoTeX coins are there?
IoTeX has a maximum supply of 10 billion IOTX tokens, with a circulating supply that changes based on staking, rewards, and ecosystem activity.