Name: IoTeX
Brand: Binance
Price: 0.01 USD
Availability: InStock

Price of IoTeX Today

The live price of IoTeX is $0.008415 per (IOTX / USD) with a current market cap of $79.45M USD. 24-hour trading volume is $4.02M USD. IOTX to USD price is updated in real-time. IoTeX is -4.24% in the last 24 hours with a circulating supply of 9.44B.

IOTX Price History USD

Date Comparison	Amount Change	% Change
Today	$-0.000373	-4.24%
30 Days	$0.001029	+13.93%
60 Days	$-0.001923	-18.60%
90 Days	$-0.004513	-34.91%

IoTeX Chart Performance

24h Low & High

Low: $0.008415

High: $0.008877

The highest and lowest price paid for this asset in 24 hours.

All Time High

$0.261092

The highest price paid for this asset since it was launched or listed.

Price Change (1h)

-1.25%

The percentage change in price for this asset compared to 1 hour ago.

Price Change (24h)

-4.24%

The percentage change in price for this asset compared to 24 hours ago.

Price Change (7d)

+3.07%

The percentage change in price for this asset compared to 7 days ago.

24h Low & High

Low: $0.008415

High: $0.008877

All Time High

$0.261092

Price Change (1h)

-1.25%

Price Change (24h)

-4.24%

Price Change (7d)

+3.07%

About IoTeX

IoTeX is a decentralized blockchain platform that seeks to establish and develop interaction between humans and machines. The IoTeX blockchain was developed from scratch in 2017 and released for public use in 2019. IoTeX is positioned as a decentralized alternative to the centralized intermediaries between humans and devices. Based on the Internet of Things (IoT), IoTeX is managed by a team of expert professionals with executive experience at the likes of Google, Facebook, Uber, and Polychain Capital. On IoTeX network cameras, sensors, and other IoT devices, users are able to connect to decentralized applications (dApps) in order to communicate and exchange different forms of value.

IoTeX is powered by its network cryptocurrency, IOTX, an ERC20-based utility coin. IOTX is used in network staking, under an in-house consensus mechanism known as randomized delegated proof-of-stake (Roll-DPoS). 24 of the top 36 selected validators are chosen every hour to create blocks on the network. IOTX is also used in voting, which yields annual rewards for participating token holders after being staked at 1:1 per submitted vote. IOTX price is updated and available in real-time on Binance.

People Also Ask: Other Questions About IoTeX

What Does IoTeX Stand For?

IoT in the IoTeX ecosystem stands for Internet of Things; as such, IoTeX devices are IoT-accessible.

What is IoTeX Used For?

While IoTeX is a decentralized platform that bridges people and machines through the IoT, an important yet much simpler use of IoTeX is as a fast, secure, independent digital payment gateway used to send and receive cryptocurrencies. IOTX was deployed on the Ethereum mainnet and is used in staking, delegating, voting, and as gas or other network fees assessed by dApp developers to unique decentralized platform users.

How Do Network Consensus and Validation Work on IoTeX?

IoTeX uses an in-house blockchain consensus mechanism that evolved from the traditional PoS model, called Roll-DPoS. It uses a randomizing effect in which validators are selected, or delegated to participate in block operations, after which they are rewarded with cryptocurrency.

Who is the IoTeX Founder?

IoTeX was founded in 2017 by Raullen Chai, Qevan Guo, Jing Sun, and Xinxin Fan. Raullen Chai was previously the head of crypto research and development at Uber. Qevan Guo was a research scientist and engineering manager for Facebook, while Jing Sun is a managing partner at Sparkland Capital and investor in Polychain Capital. Xinxin Fan was a senior research engineer at Bosch Research and Technology in North America.

What is the Maximum Token Supply of IOTX?

There is a total set supply of 10 billion IOTX tokens available, with 9,644,304,442 tokens in circulation at time of writing.

What Makes IoTeX Different From Others?

IoTeX seeks to create a platform that gives users the ability to monetize data. The fundamentally IoT base prioritizes the establishment of regular communication between machines and humans, allowing them to make decisions, exchange information, and interact with smart contracts without centralized intermediaries.

Additionally, the Roll-DPoS consensus mechanism is unique to IoTeX, meaning no duplicates exist. This model ensures that 24 of the 36 top validators are selected to create blocks and receive rewards but what makes it different is these validators then share those rewards with normal token holders, who have voting rights to select network validators.

How to Buy IOTX?

IOTX can be purchased directly from Binance using a debit or credit card. IOTX can also be traded for other cryptocurrencies on the Binance exchange. Live IOTX price is updated in real-time on Binance. Additionally, IOTX price and purchase information is available in detail on Binance at our How to Buy IoTex (OTX) Guide.

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