IoTeX is a decentralized blockchain platform designed to support the Internet of Things (IoT) ecosystem. It aims to solve the challenges of scalability, privacy, and usability faced by IoT devices by providing a secure and scalable infrastructure. The platform uses a unique architecture that allows for fast and efficient communication between devices while maintaining privacy and security.
IoTeX's native token, IOTX, is used for staking, voting, and accessing services within the platform. The project is supported by a team of experienced blockchain and IoT experts and has partnerships with various companies in the industry.
About $IOTX token
IoTeX (IOTX) is a blockchain platform designed to support the Internet of Things (IoT) ecosystem. It uses a unique architecture called the Root Chain/Side Chain model to provide scalability, privacy, and interoperability for IoT devices and applications. The IOTX token is the native cryptocurrency of the IoTeX network and serves as the primary medium of exchange for transactions within the ecosystem. It is used to pay for transaction fees, participate in governance and staking, and incentivize network participants.
How to buy $IOTX with a payment card
1. Enter the amount of $IOTX and fiat currency that you wish to purchase.
2. Verify your phone and email.
3. Enter or create $IOTX wallet
You are given the option to enter your $IOTX wallet address or create one using the Swipelux widget.
4. Pass KYC flow
This verification process helps protect you from fraud and other malicious activities.
5. You're now ready to buy $IOTX with a credit and debit card.
1. Market Position and Adoption: IoTeX (IOTX) is currently ranked #147 among cryptocurrencies by market capitalization, with a total market cap of $222,785,149. The token has a relatively low price of $0.02358, making it accessible to many investors. The project has gained significant interest among the cryptocurrency community, with over 267,529 watchlists on popular cryptocurrency trackers. The platform has been designed to support the Internet of Things (IoT) ecosystem, which is expected to grow significantly in the coming years. As a result, IOTX has the potential to benefit from the increased adoption of IoT technologies.
2. Technology and Platform: IoTeX (IOTX) uses a unique architecture called the Root Chain/Side Chain model to provide scalability, privacy, and interoperability for IoT devices and applications. The platform is designed to support a range of use cases, including data collection, payment processing, and device management. The platform's architecture ensures that data is kept secure and private, while also allowing for interoperability between different IoT devices and applications. The technology has undergone several security audits, including by CertiK and SlowMist, to ensure the platform's integrity.
3. Team: The IoTeX team consists of experienced professionals from various fields, including blockchain, cryptography, and IoT. The team is led by co-founders Raullen Chai and Qevan Guo, who have a background in cryptography and computer science. The team is supported by advisors from various industries, including IoT, blockchain, and finance.
4. Competition: IoTeX (IOTX) operates in a competitive market, with several other blockchain projects also targeting the IoT ecosystem. Some of the main competitors of IoTeX include IOTA, VeChain, and Waltonchain. However, IoTeX's unique architecture and focus on privacy and interoperability provide it with a competitive advantage.
5. Supply: The maximum supply of IOTX tokens is 10 billion, and the current circulating supply is around 9 billion. The fully diluted market cap of IOTX is $235,844,413. The token has been listed on several cryptocurrency exchanges, including Binance, Huobi, and KuCoin, where it can be traded against other cryptocurrencies or fiat currencies. The circulating supply of IOTX is expected to increase gradually as the platform gains adoption and more tokens are distributed to network participants.
1. Market Volatility: Like all cryptocurrencies, IOTX is highly volatile and subject to frequent price fluctuations. The market for cryptocurrencies is still relatively new and immature, and the price of IOTX could be influenced by a range of factors, including regulatory changes, market sentiment, and technological developments.
2. Competition: The IoT ecosystem is a rapidly evolving and highly competitive market, with several other blockchain projects targeting the same space. If IOTX fails to gain significant market share, it may struggle to maintain its value and relevance.
3. Adoption: Although IoTeX has gained significant interest and support from the cryptocurrency community, the adoption of the platform by IoT developers and businesses is still in its early stages. If the platform fails to gain widespread adoption, it may struggle to provide value to investors.
4. Regulatory Risks: The regulatory landscape for cryptocurrencies and blockchain technology is still evolving, and changes in regulations or legal issues could have a significant impact on the value of IOTX.
5. Technical Risks: As with any software or technology, there are potential technical risks associated with the IoTeX platform. Bugs, security vulnerabilities, and other technical issues could impact the performance and security of the platform, potentially leading to a loss of value for IOTX tokens.
Potential market development triggers
1. Increased Adoption of IoT: As the adoption of IoT devices and applications continues to grow, the demand for platforms that support these devices will also increase. IoTeX is well-positioned to benefit from this trend, and any significant increase in IoT adoption could drive up demand for IOTX tokens.
2. Partnerships with Major Corporations: IoTeX has already formed partnerships with several major corporations, including Jaguar Land Rover and Samsung. If the platform continues to form partnerships with other large companies, it could significantly increase the visibility and adoption of IOTX.
3. Expansion of Use Cases: IoTeX is designed to support a range of use cases, including data collection, payment processing, and device management. If the platform continues to expand its capabilities and support new use cases, it could attract more users and investors to the platform.
4. Improved Interoperability: IoTeX's unique architecture provides interoperability between different IoT devices and applications. If the platform continues to improve its interoperability and expand its network of partners, it could attract more users and increase demand for IOTX.
5. Regulatory Clarity: As the regulatory landscape for cryptocurrencies and blockchain technology continues to evolve, greater clarity and stability in regulations could increase investor confidence in IOTX and other cryptocurrencies.
Austria , Belgium , Bulgaria , Croatia , Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy , Latvia , Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, The UK, Virgin islands, Switzerland
Brunei, Indonesia, India, Malaysia, Myanmar , Philippines, Taiwan, Vietnam