IoTeX Coin is an ERC-20 token launched in 2017. Established as an open-source project, IoTeX is building a decentralized platform to power the Internet of Trusted Things – an open ecosystem where people and machines can interact with trust, free will, and privacy. Supported by a global team of over 30 research scientists and engineers, IoTeX combines Blockchain, secure hardware, and confidential computing to enable privacy-preserving smart devices and networks.
What is IOTX Coin?
IOTX Coin is the native cryptocurrency of the IoTeX platform. At the time of writing, the IoTeX token is trading at $0.0089 and against Bitcoin at 0.00000082 BTC. Additionally, the IoTeX token ranks 163rd with a trading volume of $43,192,349 according to CoinMarketCap data.
Furthermore, IOTX coin experienced a significant drop alongside other cryptocurrencies on March 13, 2020, reaching a low of $0.0012. It’s also noteworthy that IOTX coin hit a record high of $0.0880 on January 1, 2018. Currently, there are 4,823,952,133 IOTX in circulation with a total supply of 9,734,304,443 IOTX anticipated.
What Does the IoTeX Token Do?
The platform is creating a privacy-centric Blockchain platform to empower the Internet of Trusted Things. In-house innovations include blockchain architecture within Blockchain for heterogeneous computing, the fast and robust Roll-DPoS consensus scheme, and efficient trusted computing protocols.
Through the IoTeX platform, users can build their own Blockchains. The platform offers configuration files for ease of setup and deployment. These files enable users to create full nodes and operate them easily in their preferred environment.
In addition, the platform offers users the following:
- Coding with JavaScript, the most widely used programming language in the world
- Transparency, community contributions, and security
- Innovative schemes for high-level cryptography securing the platform
- Sub-chain development that does not disrupt the mainnet or other sub-chains
- High scalability
- The ability to freely experiment in an isolated manner without worrying about malicious codes affecting the root chain
- Customizable tokens, transactions, and consensus
Additionally, the platform offers numerous products to its users:
- IoTeX Core: The official Go implementation of the IoTeX protocol. It can be described as a next-generation decentralized network for IoT supported by scalable and privacy-centric blockchains.
- IoTeX Explorer: Allows users to access, monitor, and query transactions and actions on the Blockchain.
- IoTeX Web Wallet: An integrated feature of the IoTeX network where users can create a wallet and perform various actions on the IoTeX Mainnet and Testnet.
- IoTeX Desktop and Mobile Wallet: Ideal for users who frequently send tokens or vote, offering ease of use and enhanced security as a desktop application.
- IoTeX Voting Portal: Enhances the security and efficiency of IoTeX and also allows users to earn rewards.
- IoTeX Member Portal
- VITA
- Beancount.io
- Cisky
- BetIoTeX
IoTeX Coin Review
IOTX coin is considered a reliable token by investors, especially as it has been on the market for about 3 years. Additionally, investor reviews suggest that IoTeX is a promising coin, with many expecting good returns from IOTX coin in the medium and long term.
How to Buy IoTeX Coin?
In response to the question “Where to buy IoTeX Coin?”; IOTX coin can be securely purchased through Binance, the world’s highest-volume cryptocurrency exchange.
