IoTeX is changing the status quo by empowering builders and users to become owners and beneficiaries of the trillion-dollar machine economy. This economy will be powered by hundreds of millions of smart devices and estimated by McKinsey to reach up to $12.6 trillion by 2030. By connecting the real world to Web3, IoTeX will ensure everyday people can own and control their devices, as well as the data and value they generate. IoTeX is enabling a new design space for Web 3 builders to create innovative machine-backed dApps, tokens, and DAOs, and also introducing a new category of MachineFi use cases for blockchain.
IoTeX recently launched its new multi-chain wallet. ioPay 2.0 is a decentralized mobile wallet providing an enhanced, user-friendly experience for novice and experienced Web3 users alike. It allows users to switch over 13,000 different digital assets across crypto accounts from IoTeX, BNB Chain, Ethereum, and Polygon. It supports transfers and swapping of all the crypto assets and gives easy access to hundreds of dApps.
IoTeX is a full-stack platform that enables trusted and verifiable data from trusted machines for use in trusted dApps. The IoTeX platform is open-source and built from the ground up, including an EVM-compatible Layer 1 blockchain, unique IoT-focused protocols, and a suite of user-and developer-friendly tools. IoTeX has had smart contract functionality since 2018 and cross chain capabilities.
The IoTeX Network is governed and maintained in a decentralized fashion by 70+ Delegates, including Binance, CoinGecko, and Blockfolio. Network transactions and smart contracts are fueled by the IOTX token, which also provides token-holders the opportunity to stake and participate in network governance.
IoTeX added Web3-compatibility to enable industry-standard tools like MetaMask, Truffle, Remix, and more to be utilized by users and developers.
IoTeX enables all types of IoT devices to register their data and activities to the blockchain, creating a verifiable "single version of the truth" as a foundation of trust. This enables Dapp builders to engage at a P2P level with device users and fosters incentive-based value creation without the need for intermediaries. This in turn supports a future decentralized machine economy, in the same way, DeFi enables a virtual crypto economy.
The IoTeX Network is home to an ever-growing ecosystem of dApps, tokens/NFTs, and tools. Since 2021, IoTeX has powered over 140 DeFi, MachineFi, NFTs, and GameFi dApps including: mimo (DEX) Filda (money markets), ZoomSwap (yield farm), StarCrazy (P2E), IoTeX Punks (NFTs) and more.
IoTeX is also empowering an entirely new category of MachineFi use cases that enable users to earn digital assets based on their real-world data and activities. All types of machines, or smart devices, can be registered onto IoTeX and deliver verifiable facts about the real world to the Dapps, a concept IoTeX calls “Proof-of-Anything”.
IoTeX has partnered with enterprises and hardware manufacturers to develop the world's first blockchain-enabled devices and IoT systems. Some notable products and initiatives powered by IoTeX include:
|Token Type||ERC-20 at TGE|
|Private Sale Allocation||24% of Total Supply|
|Private Token Sale Date||Feb 2018|
|Private Token Sale Price||$0.0083|
|Amount Raised in Private Sale||~$20.0 MM (25,000 ETH)|
|Circulating Supply||3,755,000,000 (37.55%)|
The token supply distribution was as follows:
The following chart represents the number and breakdown of all IOTX tokens that are to be released into circulation on a monthly basis.