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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.
IoTeX Market Price Ticker Chart
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IoTeX Frequenty Asked Questions
Where does IoTeX (IOTX) rank among in terms of popularity? How relevant is it compared to competitors?
In terms of popularity, IoTeX currently ranks in position 187 out of the top 1000 cryptocurrencies. Another important factor in popularity is IoTeX‘s market capitalization – in general, the higher the market cap of a cryptocurrency, the more dominant it is considered to be in the market. IoTeX has a market cap of $ 158,866,359, which compares to Bitcoin (the most popular cryptocurrency by several metrics) with a market cap of $ 872,734,800,991, Litecoin at $ 11,462,838,305, Ethereum at $ 169,536,645,163, Tether at $ 36,164,701,127, and XRP at $ 21,032,777,633.
What is the price of IoTeX (IOTX) today (updated in realtime)?
The current price of IoTeX is $ 0.025812 in USD. (The price in Euros is 0,021358 €; and the price in Bitcoin is Ƀ 0.00000100 BTC.)
How has IoTeX (IOTX) performed recently?
IoTeX‘s price has decreased in the last 24 hours by -16.05%. The change in price over the last seven days was 20.80%. The trading volume over the last 24 hours was $ 31,571,768. Trading volume indicates how many units of a currency are being bought and sold on specific exchanges. High trading volumes are likely to drive more on-chain activity, for example when people deposit and withdraw funds, and it is considered a good indicator of popular interest in the currency.
What is IoTeX‘s (IOTX) market supply?
The total circulating (available) supply of IoTeX is 6,079,179,329 IOTX. The total supply of IoTeX is 9,734,304,443 IOTX.
What is the 24 hour volume for IoTeX (IOTX)?
The 24 hour volume of IoTeX is $ 31,571,768.
What is IoTeX (IOTX) official website?
IoTeX‘s official website, social accounts, blockchain explorer, and Github repository if applicable.
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