Light Mode
IoTeX
IOTX
720 VNDC
0.96%
1D
7D
1M
3M
1Y
YTD
ALL
Statistics
24h Trading Volume
$ 1,527,522.93
10-day Average Volume
$ 2,682,649.92
Market Cap
$ 0.76b
Highest (1 year)
6,402 VNDC
Lowest (1 year)
262 VNDC
Circulating Supply
9.54b
Total Supply
9.63b
Changes
1 Day
0.96%
7 Days
5.11%
1 Month
8.28%
3 Months
6.67%
This Year
54.8%
About IoTeX (IOTX)

IoTeX is a blockchain project launched in April 2019 and created by Qevan Guo, research scientist, technical director at Facebook, and co-founder of Hyperconnect Lab.

IoTeX is designed to be a decentralized network that uses blockchain technology to solve the problems related to the IoT industry, such as low scalability, and has not attracted much attention. The project’s development team claims that IoTeX is the fastest, most secure, and most scalable blockchain platform on the market.

IoTeX (IOTX) is a utility token of the IoTeX ecosystem, built on the Binance Smart Chain platform according to BEP20 standards and used for the following purposes:

  • Reward incentivizes developers to build quality Dapps on the IoTeX platform
  • Pay the operating costs of layer 2
  • Participate in the network administration process and vote on network issues such as changing rules, protocols, parameters, etc.
  • Pay for transactions and execute smart contracts on the network.