IoTeX (IOTX) is an ecosystem where people and machines can interact in an environment of “guaranteed trust”. Launched as an open-source project in 2017, this cryptocurrency and blockchain initiative has achieved significant successes in a short time and continues to progress in this direction.
The ecosystem aims for secure, confidential, and voluntary interaction between humans and Internet of Things (IoT) based devices. This project, supported by more than 30 researchers and scientists, emphasizes the integration of blockchain, secure hardware, and privacy-focused smart contracts.
So, how exactly does IOTEX Coin work?
What is IoTeX (IOTX)?
IoTeX Coin, ranked as the 123rd largest cryptocurrency in terms of total market value, has a maximum supply of 10,000,000,000 with 9,644,304,442 IOTX in circulation. IOTX Coin is the only cryptocurrency used in this IoT-focused network. Users need IOTX Coins to perform any transaction on the network, and this model continuously facilitates real volume creation.
IOTX is available for purchase on Binance, one of the world’s largest cryptocurrency exchanges, with the USDT trading pair.
Where to Buy IOTX Coin?
How exactly can one acquire IOTX Coin? Binance emerges as the most popular platform for users in this regard, offering liquidity and security that influence investor preference.
- To buy IOTX Coin, first, you need to deposit USD balance into the exchange or purchase a cryptocurrency that can be used instead. Start by going to the Binance homepage, click on the “Buy Crypto” option at the top left, and then select the “Credit/Bank Card” tab.
- In the opened tab, select how much USD you want to transact with, and in the Coin section, choose Tether, i.e., USDT.
- After purchasing USDT, preview the “Buy-Sell” option at the top left again and click on the “Classic” tab.
- In the new section, select the USDT tab at the top right, enter IOTX in the search button, and choose the displayed IOTX /USDT pair.
- Then go to the “BUY IOTX” tab in the middle, enter the amount you want to purchase.
- Enter your desired amount and complete the IOTX Coin purchase by confirming the transaction.
