The IoTeX blockchain drives actual products, like the patron Electronics Show (CES) blockchain-powered cameras and, therefore, the pebble geo gadget, ideal for supply chain optimization in any sector.
The introduction of ioTube v5 on Transfiguration Day sparked an interest within the IoTeX project, which features a brand new cross-chain bridge with Polygon, an Ethereum (ETH) layer-2 technology permitting two-way token exchanges between the two protocols. Since then, the IoTeX (IOTX) coin has seen a significant increase.
IoTeX is the decentralized backbone for machine finance, assisting machines from smart home devices to autonomous vehicles. To the current end, IoTeX has built and launched a quick, high-performance, and EVM-compatible blockchain, providing scalability and flexibility for different applications. Also, Dapps and middlewares are built on top of the blockchain to bring real-world oracles and self-sovereign devices within being.
IOTX is the native coin directing the underlying blockchain protocol and is used as the gas for the blockchain protocol. Burndrop is a unique economical design while the number of devices orchestrated by IoTeX increases resulting in the deflation of IOTX.
The founders of IoTeX are Qevan Guo, Raullen Chai, Jing Sun, and Xinxin Fan. Raullen Chai is also a member of the Commercial Distributed Ledger Task Group at Industrial Internet Consortium and an advisor at BootUP Ventures, besides being the co-founder of IoTeX. He wont to work because of the lead of crypto R&D and engineering security at Uber. Qevan Guo is additionally a co-founder of Hyperconnect Lab.
IoTeX is a decentralized network of developers, users, and businesses that collaboratively control and use the IoTeX platform. IOTX is a utility token connecting the net of Things (IoT) devices like cameras or sensors with decentralized apps that power IoTeX. It can even acquire transactions, stake and manage the IoTeX network, and register new devices.
IOTX currently powers an ever-growing community of intelligent devices, DApps, and digital assets as an EVM-compatible "layer 1" blockchain solution. The IOTX coin powers network transactions and smart contracts, and it also allows everyone to become a stakeholder within the IoTeX Network.
Since April 2019, the IoTeX mainnet has been operating glitch-free and has managed decentralized by >60 Delegates, including Blockfolio, CoinGecko, and DraperDragon. It also encompasses a global community of over 100,000 people from over 100 countries united by a shared vision for the web of Trusted Things.
Before choosing a project to invest in, it is essential to consider the metrics of a project. One of the most important details is the economic aspects we will search into in the following section.
As the time of writing this post on Nov 30, 2021, in the last 24 hours, IoTeX trading volume has been about $104,037,528, meaning this amount of IOTX has been traded and circulated. IOTX's Return On Investment (ROI) has been 2,031.9% over the last year. However, IoTex is not doing the job well like other coins in the same category over the past year.
IOTX Market Cap is $1,563,110,103 billion, and it ranks #97. Also, A capable marketing team and brand awareness directly impact the success of any project. IoTeX Network's marketing team is doing a great job! According to our data about IOTX's popularity, IOTX's Twitter account saw an increase of 204% in followers over the last month. Moreover, its Telegram channel users went up by 19%, and its Reddit user grew 377% over the same period.
IoTeX can create beneficial and impactful technology, and it's already unveiled products that show these benefits.
However, the project remains relatively small and lacks the funding to require its technology to the following level. If the project can secure the needed resources and develop more products, IoTeX could become a household name. At Cryptologi.st, we provide all the reports and key metrics you'd require before deciding to take action. You will find up-to-date, reliable information about the cryptocurrency market on our website, including NFT Projects.
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