IOTX is a native token of the IoTeX platform. It provides a scalable solution, which is powering the Internet of Things. The main idea of the platform is to connect the physical world of devices into one system. IoTeX tends to make it easier for Internet machines and users to connect and communicate with each other, it is building a comfortable environment for developers and users. To get access to all the opportunities provided by the platform, users need to own IOTX. Tokens can be traded or staked. They can also help to vote for delegates and decisions concerning the future of the project. By participating in the life of IoTeX, users can also earn more crypto.
The Internet of Things became popular in 2009 when the usage of the Internet became widespread and devices that could be managed via the Internet appeared. Since then the number of IoT devices has increased significantly. In 2020 there were as many IoT devices as non-IoT ones.
IoTeX appeared in 2017. The core of the team has four members: Raullen Chai, Qevan Guo, Jing Sun, and Xinxin Fan. However, now there are more than 40 team members as the project is growing rapidly.
Initially, the team wanted to create an opportunity for smart devices and their owners to interact in a trustful and secure way that did not allow any interventions. They do believe that users are the only possible owners of their own data, and no one or nothing can take this information and use it without owners’ permission. These are the key values of the project that are still being maintained.
This century is definitely a time of smart devices, they give us opportunities to communicate with each other faster. And it is safe to say that platforms that can coordinate this communication, and help users to protect their data are very much needed.
The IoTeX platform has a number of interesting features that can be seen as its huge advantages and the reason why developers choose it to create their projects:
Mostly, customers are happy with their choice. However, it should be remembered that since the project is being constantly developed it is normal to face technical issues from time to time. Usually, they are fixed fast. Here are a few things people should pay attention to:
In case you are interested in becoming a member of the IoTeX platform and want to purchase some IOTX coins, we are happy to help you. Please, follow the simple instructions below: