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IoTeX Network (IOTX)IOTX
$0.06327
-1.23%
IoTeX Network (IOTX)
IOTX Price
$0.06327
-1.23%
Rank
#134
Market Cap (24H)
$604.80M
-2.21%
Volume (24H)
$80.05M
-2.65%
Circulating Supply
9,558,953,315
Transp. Vol.
21%
Grade
D gradeD grade
1H1D1W1M1Y
-1.20%-1.23%-4.10%-23.66%+649.95%
ETH0x6fb3e...0a14d69
ETH
Verify address & DYOR
Contract
ETH0x6fb3e...0a14d69
ETH
Verify address w/ multiple resources & DYOR
Websitehttps://iotex.io/
CommunityTwitterRedditTelegramGithubMedium
IoTeX Network is an open-source project founded in 2017 by a non-profit foundation registered in Singapore. It was crea...Read more
IoTeX Network logo
IOTX
United States Dollar logo
USD

IoTeX Network Price (IOTX)

IOTX Daily Performance

Today's IoTeX Network price is $0.06327, which is down 1% over the last 24 hours. IoTeX Network's market cap is $604.80M. 24 hour IOTX volume is $80.05M. It has a market cap rank of 134 with a circulating supply of 9,558,953,315. IoTeX Network is traded on exchanges. IoTeX Network had an all-time high of $0.111804 about 1 month ago. Over the last day, IoTeX Network has had 21% transparent volume and has been trading on 67 active markets with its highest volume trading pairs being .

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IoTeX Network Statistics

Summary
IoTeX Network Price (24hr)$0.06327 (-1.23%)
Market Cap$604.80M (-2.21%)
Trading Volume (24hr)$80.05M (-2.65%)
Transparent Vol. (24hr)
$17.14M21% (3.60%)
Transparency GradeD gradeD grade(Poor)
Circulating Supply9,558,953,315
7D Price Prediction
N/A
API Coverage
1st 1D CandleMay '18
1st TradeMay '18
1st OrderbookAug '18
Exchanges34
Trading Pairs67
Updated3 minutes

Price

$0.06327
Price Change
-$0.000788 (-1.23%)

All-Time High

$0.111804
Date of ATH8/12/2021
Days Since ATH38
% of ATH56.59%
Price vs ATH

Market Cap

$604.80M
Mkt Cap Change
-$13.67M-$13,670,744 (-2.21%)
Mkt Cap Rank134
Mkt Dominance<1%
Mkt Dominance

Volume

$80.05M$80,050,792
Vol. Change
-$2.18M-$2,178,014 (-2.65%)
Exchange VolumeUnknown

Transparent Volume

21%
Transparent Volume (Δ)
3.60%
Transparent Volume
A - 21%
B - <1%
C - 76%
D - 2%

About IoTeX Network

IoTeX Network is an open-source project founded in 2017 by a non-profit foundation registered in Singapore. It was created with the purpose to build up a network for the Internet of Things (IoT) powered by a scalable blockchain. IoT is the term used to describe the global network of computing devices embedded in everyday objects, enabling them to send and receive data via the internet.

The IoTeX team strives to bring together humans and machines, IoT smart devices, and decentralized applications, ensuring that they interact with trust and privacy. They aim to give users full control of their gadgets, such as security cameras, drones, or fitness trackers, and data.

IoTeX decentralized blockchain was launched in April 2019. It is EVM (Ethereum Virtual Machine) compatible and also works with Polygon, Chainlink, Binance, and other blockchains. The blockchain is endlessly scalable potentially allowing billions of middlewares, dApps, and IoT devices to be built on it without intrusive ads and surveillance. Developers get all the necessary tools and data to make and launch their applications and networks. Users pay only $1 for 5,000 transactions. Mainnet v1.3, which includes the latest EVM Istanbul and supports all Web3 DApps with minimal storage gas, was launched on July 23, 2021.

IoTeX is secured by several mechanisms including delegated proof-of-stake, ring signature, and the payment code that hides addresses of transaction recipients. Besides, it has implemented a user- and device-oriented Decentralized Identifier Protocol (DID) where an individual, organization, or device can own their own identity attributes without relying on third-party service providers. At the time of writing the platform is run by 60+ delegates from all over the world including Blockfolio, CoinGecko, and DraperDragon.

IoTeX token

IoTeX (IOTX) is the native token for the IoTeX network. It is a governance token with a maximum supply limited to 10 billion coins. There was no ICO for IOTX. Instead, in February 2018, a private sale was held, resulting in 24% of tokens distributed and 25,000 ETH raised. 18% of the total supply is kept as the Ecosystem Fund reserve, to be used to improve the ecosystem and incentivize all its entities. 12% of coins were locked for Roll-DPoS (a Randomized Delegated Proof of Stake) mining and released after the Mainnet Alpha launch in February 2019. 6% is spent on community reward programs. The team got 15% of the total supply. The coins are vested within 4 years after the date a team member joined. 25% was reserved for the foundation. The funds are spent on IoTeX blockchain building, IoTeX project development, and cryptography research.

The IOTX token falls into several categories of utility to ensure network decentralization and reliable and transparent interaction between various entities in the IoTeX ecosystem, including stakeholders, delegates, service providers, product developers, and consumers. Apart from being a medium of exchange, IOTX can be used for staking and governance, paying transaction fees, accessing various ecosystem resources, and registering new devices on the IoTeX network.

IOTX is used as the gas to execute transactions on the blockchain. IOTX holders can stake their tokens and earn about 10%+ annual interest on their assets. In addition, staking allows them to participate in governance. IoTeX has implemented Delegated Proof-of-Stake (DPoS) consensus algorithm, which means that block producers (Delegates) responsible for adding new blocks to the ledger are elected by stakeholders through voting. In return, they distribute a portion of their rewards among their voters.

IOTX is listed on many exchanges including Binance, Huobi Global, Upbit, HBTC, Coinbase, and KuCoin where it is traded against BTC, USD, EUR, and GBP. It can be stored in the platform’s ioPay wallet or any ERC20 compatible wallet.

Types of IOTX

There are several types of IOTX: IOTX, WIOTX, CIOTX, which change their purpose with the help of ioTube, the cross-chain bridge that serves to transfer IOTX from IoTeX to other blockchains, such as Ethereum, Binance Smart Chain, and Polygon. It converts IOTX or WIOTX to CIOTX.

WIOTX (wrapped IOTX) is an XRC20 token that can be used on the Ethereum blockchain and converted into native IOTX using the Mimo exchange. BSC-Pegged IOTX is the BEP20 version of IOTX on Binance Smart Chain. CIOTX (cross-chain IOTX) can be bridged and utilized on the Polygon network.

Burn-Drop

To ensure the deflation of IOTX the team launched Burn-Drop. It is a kind of tokenomics design that drives the token value for stakeholders as the number of devices powered by IoTeX increases. There will be 10 Burn-Drop phases and 10% of the total IOTX supply is planned to be burned and dropped when the total number of devices reaches 1 million. 90% of the burn-dropped IOTX will be burned and taken out of circulation and 10% of them will be dropped or distributed to participants who stake for more than 91 days. This process is performed by a smart contract and a new Burn-Drop is triggered each time a new Ucam or Pebble device is registered to the IoTeX network. Long-term stakers can receive up to 15% APY additional rewards.

IoTeX team and partners

IoTeX is developed by a global team of 40+ research scientists, engineers, and designers from top tech companies with experience in information security, cryptography, and business development.

The founders of IoTeX are Raullen Chai, Qevan Guo, Xinxin Fan, and Jing Sun. Raullen, is the CEO at IoTeX and an advisor at BootUP Ventures. Jing works as the Head of Investment and Ecosystem. She is also an investor of several decentralized companies and a managing partner at Sparklend Capital. Xinxin is the Head of Cryptography at IoTeX who directs the company's technical strategy and develops the core blockchain. Fan was a senior research engineer at Bosch. Qevan, a former Facebook research scientist is also the co-founder of Hyperconnect Lab.

IoTeX works closely with IoT manufacturers, research institutions, and blockchain companies, which include Industrial Internet Consortium, a blockchain group, Nordic Semiconductor, and WISeKey, IoT chip manufacturers, the Institute of Electrical and Electronics Engineers, and ThingsBoard, an IoT platform for device management. IoTeX built Ucam in partnership with Tenvis, the industry leader of IP Video for Smart Home.

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IoTeX Network Markets

(Top 10)
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IoTeX Network Historical Data

(Past 7 Days)
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Frequently Asked Questions

  • What’s the current IoTeX Network price? How much is 1 IoTeX Network worth?

    The price of 1 IoTeX Network is $0.06327. Over the last 24 hours, a IoTeX Network is worth -1.23% less. Visit our currency converter page to convert IOTX prices to currencies other than USD.
  • When did IoTeX Network start?

    The earliest trading data for IoTeX Network is on May of 2018 (based on current exchange data).
  • How high can the IoTeX Network price go?

    IoTeX Network’s price has gone as high as $0.111804 (which is IOTX’s all-time high). It achieved this price about 1 month ago. Speculations abound for how high IoTeX Network’s price will get in the future.
  • What's the smart contract address for IoTeX Network?

    IoTeX Network's smart contract address is 0x6fb3e0a217407efff7ca062d46c26e5d60a14d69.

Today's IOTX / IoTeX Network News for September 19, 2021

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