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IoTeX

IoTeX

IoTeX is a decentralized network for the internet of things built using blockchain technology.

Starting as an open-source project in 2017, IoTeX has built a decentralized platform whose aim is to empower the open economics for machines — an open ecosystem where people and machines can interact with guaranteed trust, free will, and under properly designed economic incentives.

With a global team of over 40 research scientists and engineers, IoTeX has built their EVM-compatible blockchain from scratch using the innovative Roll-DPoS consensus and launched in 2019 April, which has been running by 100+ delegates worldwide and has processed more than 10 million transactions already. On top of the IoTeX blockchain, the team has built the essential blocks of infrastructures to connect with Ethereum, BSC, and Heco blockchains such as ioPay wallet (https://iopay-wallet.iotex.io/) and ioTube bridge (https://tube.iotex.io/), which serve ten thousands of users. IoTeX helps EVM-based DApps scale without concerning expensive gas fees!

Besides, middleware such as Decentralized Identity, Confidential Computing, and Secure Hardware has been built on top of IoTeX blockchain to enable self-sovereign devices such as Ucam real-world oracle such as Pebble. The former (https://ucam.iotex.io/) has been deployed to 3000+ households (http://iott.network/) and still proliferates. In contrast, the latter has been launched to 300+ developers initially and enables innovative Dapps that connect the physical world with the crypto world, such as real-world NFTs, weather derivatives, and machine learning-as-mining.

IoTeX uses a technology called blockchain-in-blockchain. This aims to solves several problems:

• lack of scalability

• lack of privacy

• lack of functional value

• high cost of operation

This technology can be applied in:

• unmanned vehicles

• device identity management

• data exchange systems

• smart House

They became the winners of the HADAX projects in the "Special Event for Super Voting Nodes". Out of 30 top-tier projects, IoTeX took 2nd place, voted for by 9 out of 18 authoritative "Super Nodes". IOTEX received sponsorship from the HADAX exchange, which they will be listed on.

ICO price: 1 IOTX = 0.0000125 ETH

A total of 10 billion tokens will be issued. There were no public sales, but the Private sale has already raised over 25,000 ETH and sold 24% of all tokens. There are also Charity programs where everyone can donate more than 0.2 ETH and receive their fixed 16,000 IOTX. IoTeX (IOTX) tokens will be listed on the Kucoin.com and Gate.io exchanges between 05/24/2018-05/28/2018.

A Launchpad for Blockchain
Ideas and Projects

The IoTeX platform hosts an ever-growing ecosystem of projects and products that have been developed by members of the IoTeX community

Decentralized

Device Ready

Ultra Fast

IoTeX boasts one of the best cryptographic security systems in the blockchain space

IoTeX Blockchain Already
Powers Real Devices

The IoTeX blockchain already powers real devices, including award-winning

blockchain-powered cameras from Consumer Electronic Show (CES) and the

pebble geo device, perfect for supply chain optimization in any industry.

What Is IoTeX (IOTX)?

With a global team of over 40 research scientists and engineers, IoTeX has built their EVM-compatible blockchain from scratch using the innovative Roll-DPoS consensus and launched in 2019 April, which has been running by 100+ delegates worldwide and has processed more than 10 million transactions already. On top of the IoTeX blockchain, the team has built the essential blocks of infrastructures to connect with Ethereum, BSC, and Heco blockchains such as ioPay wallet (https://iopay-wallet.iotex.io/) and ioTube bridge (https://tube.iotex.io/), which serve ten thousands of users. IoTeX helps EVM-based DApps scale without concerning expensive gas fees!

Besides, middleware such as Decentralized Identity, Confidential Computing, and Secure Hardware has been built on top of IoTeX blockchain to enable self-sovereign devices such as Ucam real-world oracle such as Pebble. The former (https://ucam.iotex.io/) has been deployed to 3000+ households (http://iott.network/) and still proliferates. In contrast, the latter has been launched to 300+ developers initially and enables innovative Dapps that connect the physical world with the crypto world, such as real-world NFTs, weather derivatives, and machine learning-as-mining.

Who Are the Founders of IoTeX?

The founders of IoTeX are Raullen Chai, Qevan Guo, Xinxin Fan, and Jing Sun.

Besides being the co-founder of IoTeX, Raullen Chai is also an advisor at BootUP Ventures and is a member of the Industrial Distributed Ledger Task Group at Industrial Internet Consortium. He used to work as lead of crypto R&D and engineering security at Uber.

Qevan Guo is also a co-founder of Hyperconnect Lab. He used to be a research scientist and engineering manager at Facebook.

Before co-founding IoTeX, Xinxin Fan was a senior research engineer at Bosch Research and Technology Center, North America. He has also worked as a research associate and project manager at the University of Waterloo.

Jing Sun also works as a managing partner at Sparkland Capital. She is an LP investor at Polychain Capital and an angel investor at Rippling.

What Makes IoTeX Unique?

IoTeX is the decentralized backbone for machine economics which serves machines ranging from smart home devices to autonomous vehicles. To this end, IoTeX has built and launched a fast, high-performance, and EVM-compatible blockchain that provides flexibility and scalability for various applications. Also, middlewares and Dapps are built on top of the blockchain to bring self-sovereign devices and real-world oracles into reality.

IOTX is the native coin that governs the underlying blockchain protocol while being used as the gas for the blockchain protocol. Burndrop (http://burndrop.iotex.io/) is a unique economical design that leads to deflation of IOTX while the number of devices orchestrated by IoTeX increases.

Timeline

Patents

Further reading

Title
Author
Link
Type
Date

Consensus Networks Signs $1.5M Contract with US Navy for Medical Supply Chain on IoTeX

IoTeX Team

Web

May 28, 2021

Home - Ucam

Web

IoTeX - Building the Connected World

Web

IoTeX - Medium

Web

January 28, 2021

Documentaries, videos and podcasts

Title
Date
Link

IoTalks #1 Introduction to DKSAP-IoT and IoTeX innovations by Dr. Xinxin Fan

June 7, 2018

IoTeX - Building the Connected World

IoTeX - Medium

January 28, 2021

IoTeX (@iotex_io) | Twitter

December 22, 2017

IoTeX Announcement Channel

News

Title
Author
Date
Publisher
Description
Tony Zerucha
August 12, 2021
Crowdfund Insider
Click HERE to find out ⭐ Coinbase Pro Adds Five Coins to Platform. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.

References

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