IoTeX(IOTX)

IoTeX (IOTX) is the bespoke ERC20 token of the IoTeX Network. It operated on the Ethereum blockchain until migrating to the IoTeX mainnet. The token is used for executing transactions, running dApps, encouraging participants and paying for consumed computational resources. The IoTeX team has declared a 50 year mining period for the coin. IOTX can only be utilized on the IoTeX Network, and ownership of IOTX brings with it no special rights, express or implied, other than the right to emplay IOTX as a means of enabling the usage of and interaction with the network.