IoTeXIOTX
IoTeXRank: # 260
Market Cap: $ 271,509,763
Volume (24hrs): $ 25,929,793
Circulating Supply: 9,441,368,979 IOTX
Price in BTC: Ƀ 0.00000025
Change (1 Hr): -0.99%
Change (7 Days): 21.76%
Change (30 Days): 29.07%
All Time High: $ 0.255593
All Time High Date: November 13, 2021
IoTeX Coverter:
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$ 0.0287182.04%
IoTeX Coverter:
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$ 0.0287182.04%
IoTeX Chart
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IoTeX Chart
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* Currency in USD
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- Small setups, big wins: Is solo Bitcoin mining making a comeback?Cointelegraph.com News - 12 minutes agoWith Bitcoin’s hashrate near all-time highs, solo miners continue to land full block rewards, thanks to efficient ASICs and a heavy dose of luck. Solo…
- ARK Invest scoops up Coinbase, BitMine shares amid stock dipsCointelegraph.com News - 1 hour agoARK Invest bought $30 million in Coinbase and $17 million in BitMine shares on Friday amid price dips. ARK Invest has seized the recent stock…
- Can Google Gemini really help plan crypto trades?Cointelegraph.com News - 2 hours agoGemini looks smart, but can it actually trade? We put it to the test with sample trades and break down where it helps and where…
- Spot Bitcoin ETFs see second-largest outflow, Ether ETFs end 20-day streakCointelegraph.com News - 4 hours agoBitcoin ETFs saw $812 million in outflows, led by Fidelity and ARK, while Ether ETFs ended their longest inflow streak with $152 million in losses.…
- Mill City Ventures to load up on more SUI with $500M deal as shares fall 11%Cointelegraph.com News - 6 hours agoMill City Ventures III announced a $500 million equity agreement to boost its SUI treasury, which currently sits at 76.2 million units after making its…
What is IoTeX?
IoTeX (IOTX) is an erc20 coin that will to be used as a fuel on the IoTeX network. It will run the distributed applications and execute transactions on the IoTeX platform. In order to cushion IoTeX from inflation, a fixed number of IOTX tokens will be available. The supply will be capped at 10 billion coins and the coins won't be mineable. However, after the launch of the Mainnet (IoTeX), the native coin (IOX) will be mineable for a period of 50 years using the PoS consensus mechanism. The rewards of mining will reduce gradually over time.
IoTeX did not hold a public sale, but there was a private sale on February 2018, that saw the project raise 25,000 ETH. All private sale investors received 20% bonus in this sale. One IOTX token was retailing at 0.0000125 ETH. There have also been community rewards in which participants have received points as the network continues to grow. The main idea is to connect the physical world block by block.
IoTeX is a decentralized platform powered by privacy-centric blockchain on which developers can build their own token economies and projects. They can create flexible sub-chains and choose the programming language to use as well as make them either permissioned (private) or permissionless (public).
There are some innovations developers of this network are working on to improve its status. Fast Consensus Roll-DPoS scheme is one such innovation which will support numerous nodes with instant finality. It will have low latency and be eco-friendly. Blockchain-in-blockchain technology seeks to enhance privacy, interoperability and scalability There are some privacy-preserving schemes built within the system like light weight stealth address as well as constant size ring signature.
The IoTeX network is managed and supported by a team of experts from various fields including science, mathematics and computer science. Including Raullen Chai who is a co-founder, Qevan and JingSun, also co-founders and XinXin, who is head of cryptography among others.
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IOTX
IoTeX
- EUR
- USD
- GBP
- 0,02514 €
- $ 0.028718
- $0.021741