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Cryptocurrencies/Coins/IoTeX (IOTX)
IoTeX price, market cap on Coin360 heatmap

IoTeX(IOTX)

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$0.040879
(3.59%)
0.00000170 BTC
Market Cap (Rank#115)
$390,015,730
16,242 BTC
Vol 24h
$12,860,212
535.542 BTC
Circulating Supply
9,540,779,324.31
Max Supply
10,000,000,000
6 days agocryptodaily
Raullen Chai says IoTeX and MachineFi Lab support the Ethereum merge
Citi Group calls the merge the most significant in crypto history since bitcoin launched JP Morgan analyst say that thanks to the merge, crypto has found its floor The news comes ahead of MachineFi Lab’s historic W3bstream launch IoTeX and its core developer MachineFi Lab have announced they are prepared to fully support the Ethereum Merge, which could happen as soon as 19 September 2022. IoTeX is among several other blockchain projects that have come forward, announcing its solidarity with Ethereum's Proof-of-Work (PoW) to Proof-of-Stake (PoS) switch. "The Ethereum merge is one of the most long-awaiting events recently in the crypto and blockchain space," said IoTeX CEO and Co-Founder Raullen Chai. "The entire IoTeX team and I are very excited about Ethereum's transition to a Proof-of-Stake protocol and have ensured we are technically, completely ready ahead of time to support the merge." Chainlink announced it would not support any PoW Ethereum forks and would only support the Ethereum PoS. It called for caution, warning that PoW-deployed smart contracts could behave unexpectedly during the merge. Tim Beiko, the Ethereum developer, leading the software development for merging the current Ethereum blockchain with the Beacon chain, a new proof-of-stake consensus layer, said Ethereum users would unlikely notice any differences in the network's operation. Kraken Intelligence's most recent Monthly Market Recap and Outlook says investor confidence in Ethereum is rising. At the same time, ETH volatility has decreased ahead of the merge, an upgrade that makes Ethereum more environmentally friendly. Chandler Guo, a prominent Chinese Ethereum miner, has expressed opposition to the merge announcing plans to hard fork, a move that Tron's Justin Sun has backed. New York-based banking giant Citi Group also commented on the merge, one of the most significant events in crypto history since Bitcoin launched. The financial institution said that ETH would transition into a deflationary asset among the consequences of the merge and set it on a potential road map to greater scalability through sharding. CoinShares released a report saying, "institutions are flocking to Ethereum for seven straight weeks as the merge nears."Ethereum saw inflows totaling US$16m and is enjoying a near seven-consecutive-week run of inflows totaling US$159 million," the report adds. "We believe this turn-around in investor sentiment is due to greater clarity on the timing of The Merge where Ethereum shifts from proof-of-work to proof-of-stake." According to a Business Insider article, JPMorgan analysts believe cryptocurrency has "found a floor." They argue that the "real driver has been the Ethereum merge and positive data following the launch of the Sapolia testnet in early July and Ropsten testnet in June, indicating the merge is viable in 2022." Investors highly anticipate the upcoming event, it added. The news comes ahead of MachineFi's impending W3bstream release. Launching the world's most advanced data oracle is another milestone in the crypto space that will disrupt the IoT sector by providing a decentralized alternative for the internet connectivity of billions of intelligent devices. As stated by Samsung Next, Draper Dragon, and Escape Velocity Ventures, MachineFi Lab investor, this new digital asset category will undoubtedly shake the Web3 reward economy. It will give back control to billions of people of their data and empower them with revenues of up to $3,000 annually, a figure that will significantly increase over time. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
21 day agocryptodaily
IoTeX's MachineFi Lab challenges Big Tech by democratizing IoT to benefit users and businesses
Ankr and IoTeX meet on Twitter Spaces to discuss the future of IoT and how with blockchain technology, IoTeX can enable "all of us" to own our machines and data We all produce data constantly, even unsuspectingly, as all smart devices and machines are built to gather data for profit. A Domo report states each person generated 1.7 MB every second in 2020. The amount of data we as individuals generate could be worth about $3,000 a year. What's more, a 2018 article by Penta Security said that by 2021, automakers would profit more from connected vehicle data than actual car sales. In the US, an average person spends 17,600 minutes driving annually, generating anywhere from 380 TB to 5,100 TB of data, according to a Tuxera report. Google, Amazon, Microsoft, Apple, Facebook, and others have built empires worth up to trillions of dollars off of commercializing our data. So, yes, "data is the new oil," as British mathematician and data scientist Clive Humby said in 2006. Was he wrong? Of course not. In 2021, Techdirt published an article entitled "Smart TV Makers Will Soon Make More Money Off Your Viewing Habits Than The TV Itself." This is true of all intelligent devices and machines, which is why the Ankr and IoTeX Twitter Space conversation is so relevant to people worldwide, particularly as we head toward 2030, when 125 billion IoT devices could exist. That is over ten per person, considering that the global population is estimated to reach 8.6 billion by that year, according to a recent United Nations forecast. 'The Internet of Things Meets Blockchain' Ankr and IoTeX spoke about the future of the Internet of Things (IoT) movement and how both projects are empowering development and bridging web3 with the IoT industry that is growing in value daily, wrote Ankr's blog writer Kevin Dwyer. "MachineFi is a new category of applications that connect all smart devices and machines to blockchains like IoTeX," he added. "These 'trusted devices' will likely become one of the largest users of the blockchain as they have an incredible amount of data to record and share." The Ankr blog points out that "IoTeX allows developers to create new applications that leverage the enormous amount of data that internet-connected machines provide. This data can be used to inform nearly every kind of software, dApp, and metaverse that may need to adapt based on real-world happenings like weather, traffic, package statuses, locations, etc." Dwyer points out only a few use cases of the many possibilities with MachineFi and more so, thanks to the cutting-edge technology developed by IoTeX's core developer, MachineFi Lab. The X-to-earn potential "You may have heard of new crypto projects surrounding move-to-earn, interact-to-earn, etc. In short, you prove your activity (from a trusted device) in the real world to earn token rewards," the blog reads. "This is similar to the idea of 'safe driver discounts' from insurance companies." And continues: "You plug in your camera to collect data on your driving and earn rewards for being safe — there are almost limitless opportunities to apply similar ideas with blockchain tech. Your data has value, and for the first time, you will be able to own your data and benefit from the rewards." Rewards from pooling your data "Governments, cloud companies, social media companies, and all corporations harvest an enormous amount of data from everyday people to use for their purposes," Dwyer wrote. "A combination of blockchain and IoT has the potential to reform society, allowing a more bottom-up approach to data. If you contribute data to the pool with thousands of others, this is an extremely valuable dataset for the above parties — but they will need to reward you for access to it this time." A DAO of Machines "Automated machines are set to replace an ever-increasing amount of jobs and tasks," he adds. "These machines will drive us around, deliver our groceries, manufacture our goods, sort and ship our packages, and many other things. "But who will own the machines that do the work? A handful of corporations, or all of us?" he so pointedly asks. "IoTeX allows a future for the latter by creating tools that enable developers to build applications and let everyone contribute their machines to work and earn rewards." How to achieve mass IoT network mass adoption Dwyer wrote that the "main blocker for mass adoption when it came to a convergence of blockchain and IoT was the absence of a gateway between real machine data and the blockchain." However, he added, "IoTeX allows us to connect this real data to the blockchain while providing a full suite of developer tools and SDKs (Software Development Kits) that let anyone build new use cases. Ankr is instrumental in this path to mass adoption as, without web3 developers, nothing is possible." Last week, we sat down to talk with the amazing folks from @iotex_io about all things web3 and IoT.Here is a recap:https://t.co/wGJG9BG68p — Ankr (@ankr) July 20, 2022 In summary IoTeX connects real-world data to the blockchain, while Ankr connects web3 developers and dApps to the IoTeX network. "The internet of things will require a gateway to relay a vast amount of information to and from blockchains — this is where Ankr comes in. Ankr currently serves around 200–400 requests per second to the IoTeX blockchain from developers and dApps interacting with the IoTeX chain. Ankr empowers all devs who want to get involved with the IoTeX ecosystem," the blog concludes. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
55 days agocryptodaily
IoTeX’s Raullen Chai explains why IoTube V6 is a vital MachineFi building block
Since 2017, IoTeX has solely focused on building cutting-edge Web3 technology to reward hundreds of millions of people for contributing data and resources from billions of smart devices and carrying out everyday activities. However, as with many other projects in the space, the IoTeX team has also focused on research and development resources to ensure mass crypto and blockchain mainstream adoption. "We carefully, thoughtfully, and purposefully develop partnerships and technology that are each building blocks towards fulfilling our MachineFi vision," said IoTeX CEO and Co-Founder Raullen Chai. "With the staggering growth of stablecoins, the number of users, transactions, and trading volume, ioTube's update could not have come at a better time." IoTube's V6 update is one of IoTeX's many building blocks for the MachineFi vision for a state-of-the-art technology that enables smart device and machine connectivity empowering people and business by giving them back control over their intelligent apparatuses, their data, and the value they generate. "We have made it easier than ever for developers to build decentralized applications known as dApps or Web3 applications," Chai explained. "MachineFi's vision is to reward hundreds of millions of people for contributing data and resources from billions of smart devices and machines, such as vehicles, and carrying out everyday activities." IoTube is a decentralized, multi-asset cross-chain bridge. It is a safe, fast, secure blockchain network bridge for exchanging 39 assets among the IoTeX, Ethereum, Binance Smart Chain, and Polygon multi-chain networks. "This cross-chain bridge makes it possible for token users from all other blockchains to bridge USDT, USDC easily, and BSUD across to the MachineFi portal and use its dApps. It enables the contribution of smart device resources in exchange for a myriad of rewards and benefits," said Chai." It also provides users with greater utility for their digital assets, or in other words, significant transaction fee savings." A more technical ioTube V6 overview CTO and Co-Founder Qevan Guo explained that with cross-chain integrations and two-way token swaps between IoTeX and other blockchains, users could find greater utility for their digital assets by exploring dApps across multiple chains with the same tokens. They can also save on transaction fees. "In the long term, the unique assets generated by the IoTeX blockchain, such as IoT device data, can be used to trigger logic in smart contracts on Binance's blockchain network (BNB) and other blockchains," Guo added. "IoTeX's blockchain could serve as an oracle for non-IoTeX contracts, or vice-versa." This is a very significant next step for the MachineFi vision IoTeX has embraced and that investors such as Samsung Next, Draper Dragon and Xoogler Ventures are so interested in, which is why they've participated in a MachineFi Lab seed round of funding, IoTeX's core developer. "IoTube V6 unifies the liquidity of each stablecoin coming from different blockchains," said Guo. "As a result, users can cross stablecoins from IoTeX to other chains more smoothly. DeFi projects and participants no longer need to worry about navigating the issue of a given stablecoin having different versions on each chain." Guo also explained that when users swap assets between chains it gives them the option to self-relay. "This means they can control the gas spent on withdrawing for a luxury (faster) or economy (slower) speed," he said. "Users can also onboard and swap their stablecoins more easily since the liquidity between stablecoins on different blockchains is now connected. It creates the single version of the stablecoins bridged from the different blockchains ioTube supports," he added. "Unifying the liquidity is a major upgrade to the already sophisticated bridge functionality. The added connectivity creates a new level of simplicity for all participants." The key to mass adoption is having the most seamless, effortless user experience, Guo said. "IoTeX is committed to providing the right tools and products to achieve the goal of onboarding millions of new users," he concluded. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
60 days agocryptodaily
Draper Dragon says MachineFi empowers users to own the trillion-dollar machine economy
Draper Dragon, founded by Tim Draper, Andy Tang, Bobby Chao and Larry Li, said that IoTeX's new MachineFi paradigm provides an answer to the question of who is going to own the trillions of dollar value in the future machine economy. “MachineFi allows machine resources and intelligence to be financialized, delivering value and ownership to users rather than centralized corporations,” the investment firm said in a blog. The investment firm’s blog follows similar posts by Xoogler Ventures and Samsung Next. Each firm participated along with Draper Dragon in the IoTeX MachineFi Lab $10 million seed round funding. Draper Dragon said there are huge gaps in security, privacy, and interoperability that restrict the potential of the Internet of Things, and criticized that centralized corporations have controlled and profited from users' data for decades, leaving them vulnerable to hacks. MachineFi is the clear solution: Draper Dragon "IoTeX's new MachineFi paradigm provides an answer to the question of who is going to own the trillions of dollar value in the future machine economy,” Draper Dragon wrote. “MachineFi allows machine resources and intelligence to be financialized, delivering value and ownership to users rather than centralized corporations." IoT will significantly impact people's lives globally. Smart devices and machines will be present in virtually every home and workplace by the end of this decade. Smartphones today are already in the hands of 6.6 billion people, according to Statista and Ericsson. By 2025, analysts estimate 41.6 billion smart devices will form the global IoT and generate 80 trillion gigabytes of data. By 2030, IoT devices are expected to create $5.5 trillion to $12.6 trillion value, according to McKinsey. "We observe that the current Web2 infrastructure facilitates monopolized ownership of the future workforce and does not have the critical pillars necessary for a new machine economy," added Draper Dragon, a cross-border venture fund that connects Silicon Valley and Asia. IoTeX's MachineFi platform is the new engine for the growing machine economy. It allows builders to innovate collaboratively, users to own their data, and a free market for data from everyday activities, the blog adds. "We believe that devices running on the IoTeX platform have the potential to reshape the understanding of privacy and everyday life drastically," the blog says. It explains that "MachineFi accomplishes this by introducing "proof of anything.” MachineFi enables users to earn digital assets and reputations through their real-world actions, bridging together the metaverse and the physical realm in exciting ways, the investment firm said. A high-performance blockchain MachineFi Lab has built a technological platform based on a high-performance public blockchain with off-chain computing for devices and machines, cross-chain bridges, wallets, and the MachineFi marketplace. It enables developers to connect machines with Web3 infrastructure to create digital products, Draper Dragon pointed out. "We see our investments into both MachineFi and IoTeX falling into a larger pattern of traditional sectors integrating Web3 as a tool to give ownership of data back to end-users," said Draper Dragon, which has invested in Coinbase, Ledger, Oasis, VeChain, CertiK, and other leaders in the Web3 space. Draper Dragon went on to say that MachineFi's role as a decentralized network has many opportunities for shared autonomous vehicles and more. "We are excited by how MachineFi is leveraging blockchain technology to realize the full potential of Web3 and IoT," it added. "We are thrilled to partner with IoTeX's seasoned team of cryptographers and research scientists. Their prior experiences with innovation in the IoT economy support our strong belief they are the right team to execute such a bold vision." The investment firm said that "as the machine economy continues to expand, it is important the ownership and value of data remain in the hands of its users as opposed to concentrated in the hands of a single corporation." Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
73 days agocryptodaily
Title: Real–World Health Data Goes Web3 For Millions Of Users
Web3 has taken several industries by storm, and the healthcare industry is not excluded. Until now, an actual use case that benefits people's everyday lives did not exist. After all, no one has direct control over their healthcare records. But many people these days monitor how often they go out for that morning jog, what they eat, and how well they sleep. The use of wearables and IoT devices for that purpose is increasingly popular and will continue to be for many years. HealthBlocks is a new dApp that aims to rethink how people use that data and even rewards them for making healthy lifestyle choices using Web3 technology. A team of healthcare experts founded HealthBlocks to explore the intersection between preventative health and Web3 technology. They built HealthBlocks on IoTeX, which connects smart devices to their blockchain to give users ownership and control over their data. The HealthBlocks app makes it incredibly simple to connect fitness wearables and digital asset wallets to start earning tokens for their participation. The app will reward users for committing to healthy habits every day through exercise, meditation, and contributing to global health surveys. With HEALTH tokens, users can purchase various health services, including telemedicine consultations and an AI solution that suggests how users can improve their wellbeing based on their health data. Disrupting Web2 Healthcare Blockchain technology can dramatically change how people worldwide optimize healthcare services, from consultation to payment of services and prescriptions. It helps in digitizing health information, then making it publicly available in an anonymized format. Incorporating Web3 into preventative healthcare will make people's health data more secure while helping them achieve healthier lifestyles. HealthBlocks improves how data is collected in the healthcare system from sources as diverse as quality surveys and symptom descriptions. The details collected using HealthBlocks-compatible devices are kept and arranged in a system of records similar to EHRs (Electronic health records), EMRs (Electronic medical records), and practice management systems that allow easy retrieval and classification. "Preventative health doesn't happen in a hospital or doctor's office; it's embedded in our daily life and the choices that we make on a daily basis. As individuals, we can take measures into our hands assisted by smart devices with cutting-edge sensors and decentralized applications that give us control of our health data and give back to us the power to decide how to monetize our personal information." - HealthBlocks With the different types of data being contributed with HealthBlocks, various intelligent systems are placed to create a system of links between different symptoms, provide an accurate diagnosis, and provide appropriate treatment recommendations to people. Health in Web3 (Health 3.0), Redefining Health Data By broadening self-management and preventive healthcare for individuals, HealthBlock's goal is to extend life expectancy and enhance the quality of life for people across global communities. Most Web2 healthcare activities are complex, multi-party, expensive, fraud-prone, and do not embrace the technological innovation so desperately required to create a healthy society. A lack of trust in the healthcare system can cause a surge in illness across the population due to the avoidance of healthcare systems. HealthBlocks helps customize social networking resources by connecting users to other users via various recommendations. The virtual communities created by HealthBlocks provide real-time resources for attaining health-related knowledge and counseling. People can get reassurance, support, and validation from others via social networking. This can also be called "digital healing," one of the primary goals of Health 3.0. It also assists health professional-to-patient communication to improve acceptance and understanding to provide the best therapeutic options. HealthBlocks is leading the charge from Web2 to Web3 healthcare. As Web3 adoption continues to hit the masses, HealthBlocks will offer millions of users the opportunity to improve their real-world activities. By rewarding users for adopting healthier habits, people worldwide could see a global effect of improved health across communities. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
74 days agocryptodaily
IoTeX, world’s first L1 blockchain to enable Web3-compatible wallet staking
IoTeX launched a hard fork on May 31, 2022, making it the world's first blockchain to enable Web3-compatible wallet staking. It also makes IOTX token staking accessible to millions of new users. "We are the first Layer 1 permissionless blockchain to offer Web3 compatible staking," said IoTeX Chief Technology Officer and Co-Founder Qevan Guo. "We are the world's first proof-of-stake blockchain network to make this possible for all its users and millions of Web3 wallet users such as Metamask and Trust Wallet." Guo said there are currently 500,000 IoTeX wallets that benefit from the blockchain 1.8 update. He also said this could potentially bring new users to IoTeX. "IOTX token staking is now possible on all Web3-compatible wallets," he added. "That includes Metamask and Trust wallet." Metamask and Trust Wallet have registered 10 million Web3 wallets each, and now "all these Web3 wallet users have easy access to IOTX staking," said Guo. Another interesting statistic is that over 31% of all IOTX tokens are currently staked, he added. Simply put, Web3 wallets give users complete control over their assets. These wallets are also a way to easily interact with decentralized applications, decentralized finance (DeFi), gaming, collect NFTs, create an on-chain identity, and collaborate with communities. IoTeX core developers worked on the 1.8 protocol update for over two months, and it activated itself at the block height of 17,662,681, Guo explained. Staking from Web3 wallets IoTeX published a blog on May 27 that goes further into detail. "To understand this, it's important to know that IoTeX staking actions, from the creation of the stake to the choice of the delegated node to the transfer of deposits, are implemented as custom transactions that are part of the native protocol of the blockchain and not, as some might think, as a smart contract." The blog continues: "This choice provides great scalability to IoTeX staking, which can easily handle hundreds of thousands of staking deposits. It is also extremely cost-effective. Each staking action does not involve executing expensive smart contract calls, but just sending a native transaction, which only costs 0.01 IOTX, exactly like a simple IOTX token transfer transaction." Until this v1.8 hard fork, staking IOTX was only possible with IoTeX's native wallet ioPay and not by using an Ethereum wallet like Metamask or Trust Wallet. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
77 days agocryptodaily
Top Ex-Googler says Google’s Web3 dive will bring massive innovation and spark mainstream adoption
There is mainstream criticism that Web3 is just hype. But Google's search for a full-time candidate to lead its global Web3 marketing strategies is another Big Tech bullish indication that the third revolutionary iteration of the Internet is more than just a buzzword. The latest news that Google is searching for more Web3 talent follows a recent CNBC report that Alphabet's Google Cloud unit is forming a team of developers in response to customer demand for Web3 and crypto-related technological support. IoTeX CEO and Co-Founder Dr. Raullen Chai, a top ex-Googler, said Google already has a pool of prominent engineers worldwide. "They have built the most critical infrastructure and products for human beings, such as Tensorflow, Search Engine, Google Cloud Platform, Google Maps, and so much more," Chai said. Web3 innovation and mainstream adoption "These global talents will bring in a large number of new ideas, and invent new Web3 technologies, attempting new ways for Web3 products to interact with people, and eventually spark mass adoption," said Chai. "Google could also greatly impact the Web3 space. Combining some of its mainstream products such as payment, ads, and video streaming services with decentralized technologies to create phenomenal products that are open, inclusive, and easy-to-use could make the world a better place," said Dr. Chai. Big Tech's involvement is an indication that Web3 is the future "Many mainstream institutional executives and major news outlets are quick to minimize or even dismiss the importance of Web3 as the inevitable iteration of the Internet," said IoTeX Co-Founder and CEO Dr. Raullen Chai. He is a former leading Google engineer. "However, their bullish behavior is a clear indication that Web3 is the future of the Internet." Chai was referring to Big Tech's deep dive into Web3. In November of last year, a news report revealed that Twitter assembled a team of blockchain experts to explore Web3 applications. Facebook staked its claim to the metaverse by rebranding itself as Meta on December 1, 2021. Also, late last year, Adam Mosseri, head of Instagram, said his company had plans to "actively explore" NFTs to take Web3 to a broader audience. In mid-March of 2022, Spotify posted new roles for Web3 managers and engineers. Amazon Web Services made Ethereum available on its Managed Blockchain. The list goes on. Their journey proves Web3 is more than just hype While these corporations gradually dive into Web3, proving it is more than just a buzzword, many blockchain startups have a clear lead over them. IoTeX was founded in 2017 with a Web3 focus to empower people and reward them for everyday activities via their smart devices. The goal is to give them back control over these gadgets, their data, and the value they generate with IoTex's vision of MachineFi. "Today, IoTeX is at the forefront of Web3. So, while the prominent Web2 technology firms initiate their journey into the decentralized and permissionless economy, we have a four-year head start," said Chai. The firm's CEO said, "Our vision to reward people and benefit them for everyday activities is weeks away from being a reality. Very soon, people will benefit from MachineFi dApps that reward them for sleeping well before going to work, being eco-friendly, driving safely, and exercising or proving presence in specific locations." Welcoming Big Tech Web3 involvement "IoTeX and MachineFi Labs welcome Big Tech and other prominent mainstream Web3 involvement," said Chai. "Competition is good for all of us. I also firmly believe that announcements such as Google's and their parent company Alphabet's search for Web3 talent can help spark the mass adoption we all want to see." Chai said that more mainstream companies would soon reveal their plans to enter the Web3 space. "IoTeX, in particular, will shortly announce some major partnerships with mainstream tech firms and institutions," he concluded. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
90 days agocryptodaily
IoTeX’s network is today more robust and resilient following the Ankr RPC launch
Last year, hackers launched nearly 10 million DDoS attacks that caused many companies to lose their reputation and money. Users experienced network downtime, making them lose confidence in projects and firms that are vulnerable because of a lack of more decentralized communication channels. Recently, although the IoTeX blockchain network has never been attacked or even suffered a security breach, its team partnered with Ankr to launch a network of decentralized nodes making it more difficult to attack, explained IoTeX Chief of Technology Qevan Guo. "The IoTeX ecosystem is today one of the most robust and resilient in the blockchain space thanks to our partnership with Ankr," said Guo. "Adding Ankr data centers and nodes makes IoTeX more decentralized than ever and thus, less vulnerable to attacks." "Denial of Service (DoS) and Distributed Denial of Service (DDoS) attacks are more frequent than we are aware of and cost millions of dollars in losses yearly worldwide," he said. Ankr CMO Greg Gopman said his team is excited to support the IoTeX ecosystem. "We look forward to building a better, faster, more resilient Blockchain IoT network together," he added. "It's always a great thing when two innovation leaders come together. Ankr is excited to support the IoTeX ecosystem," Gopman said. Today, Ankr has increased its commitment to IoTeX, one of the fastest-growing ecosystems in the space, by launching the IoTeX RPC website that provides developers with faster and more reliable communication. Thanks to Ankr, IoTeX now has a dedicated endpoint for RPCs (Remote Procedure Calls), making it easier to connect to the MachineFi project's blockchain network. The public IoTeX RPC website does not require usernames or passwords and is fast and reliable. But what are RPCs, and why are they useful? RPCs are a type of Application Programming Interface or API. These allow developers to run code remotely and receive a response from, in this case, the IoTeX blockchain. This communication is indispensable for smart contracts to function correctly. The Ankr protocol provides the layer on which the IoTeX RPC layer lies. And because its stability is guaranteed by its multiple nodes located around the world in more than 300 data centers, it makes the IoTeX ecosystem stronger. IoTeX's more than 100,000 daily active users also benefit from the RPC network that in just a few days boasts nearly 6 million requests. Because RPCs are to the blockchain what WiFi is to the Internet, users require a more reliable, faster, and cheaper service provider. Ankr is free and one of the fastest in the blockchain space. It also benefits developers IoTeX is already optimized for building IoT applications on its blockchain. Fast transaction time, extremely low fees, and W3bstream processing data make IoTeX optimal for MachineFi or decentralized machine financialization applications. However, developers still require access to the information on IoTeX nodes. Ankr's RPC solution removes the need for developers to spin up their IoTeX nodes. It facilitates access to IoTeX for DApps and open-source software, including access to information on a cluster of nodes. The new IoTeX RPC enables developers to build Dapps with IoTeX functionality for services like MetaMask that need to execute crypto wallet transactions. And Ankr offers an incentive to independent and enterprise IoTeX node operators to add their nodes to the IoTeX public RPC in return for ANKR tokens. That encourages the creation of additional IoTeX nodes for an even more powerful and robust network. As the Ankr and IoTeX partnership grows, so will the MachineFi's network worldwide, now that it is easier to build on IoTeX RPC built by Ankr. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
98 days agocryptodaily
IoTeX, only Web3 project invited to Google Cloud’s Born-Digital Summit 2022
IoTeX is pleased to announce its participation in Google Cloud's Born-Digital Summit 2022 on 12 May. The event is a free live digital event for startups, digital natives, and VC ecosystems to share learnings and best practices and support these companies in their business and technological journey. "Whether you're building your MVP (minimum viable product) or scaling with new customers and the best talent, the tools you need are right here," reads the event's landing page. Asia Pacific's premier startup community event is an excellent opportunity to discover the technologies and ideas shaping the future - from the latest in data and infrastructure to blockchain and cryptocurrency. IoTeX CEO and Founder Dr. Raullen Chai said he's honored to have been invited to the summit because he's the only one representing a Web3 project. Dr. Raullen Chai will join Richard Widmann, Head of Strategy and Digital Assets at Google, for a discussion on how Web3 is tapping into blockchain technology to solve the future. They will cover opportunities and challenges in the space, and why IoTeX stands out from its competitors. The event includes two content streams and more than 15 eye-opening sessions. Attendees have the opportunity to join other cloud natives in discovering why APAC has become a global hotspot for tech talent and innovative digital businesses, the Google Cloud event page adds. Google Clouds' vision and strategy During the event, "We'll also outline the Google Cloud vision and strategy for Google Cloud's technology, and the value we can bring customers with products such as Data/AI, AppMod, Cloud Run, Firebase, BigQuery, as well as the Google for Startups Cloud Program." The event organizers said the Asia Pacific program would be hosted live from the Singapore Google office. It will feature live and pre-recorded sessions from Google experts and customer guest speakers and many customer use cases, demos, and live Q&A. The program will also include live translated captions in Korean and Bahasa, providing even greater accessibility throughout the APAC region. The Google Cloud and IoTeX partnership As recently reported by Gulf News, IoTeX – a Silicon Valley-headquartered Internet of Things (IoT) project – and Google Cloud signed a collaboration agreement to enable IoTeX to accelerate its global expansion strategy and help it work towards its objective of having billions of devices connected to its network. IoTeX is revolutionizing the machine economy by making IoT devices more interconnected than ever and by giving companies and individuals better control and ownership over their machines, Gulf News added. The company's newly inked partnership with Google Cloud will enable IoTeX to accelerate its global expansion strategy and help it work towards having billions of devices connected to its network. "IoTeX is growing 20 percent month-on-month," Dr. Chai, formerly of Uber and Google, said. Dr. Chai added that since IoTeX launched its first code release in April 2018, it has processed over 35 million transactions without a single system failure and at a 99.9 percent reliability rate while running on Google Cloud. Larry Pang, Head of Ecosystem at IoTeX, stressed that Google's offering would allow the IoT project to continue growing at an impressive rate and "absorb" surges without any disruption. IoTeX’s $100-million fund IoTeX recently launched a $100 million sustainable ecosystem fund that will aid the development of the decentralized machine economy. This fund will provide in excess of 1,000 decentralized machine economy startups with funding and will connect more than 10 million smart devices to IoTeX's MachineFi portal within the next three years. Jing Sun, Head of Investment and Ecosystem at IoTeX, said developers of decentralized apps (dApps) would "receive all the support they need to be successful" as part of this new fund. More growth and exciting news This year promises to be better than 2021 when the IoTeX network saw meteoric growth. It moved up over 100 positions in the CoinMarketCap rankings and saw its market capitalization increase 40-fold. IOTX wallet addresses also grew by over 2,000%. In a recent live stream celebrating four years since their first code release, Dr. Chai revealed IoTeX would shortly announce some significant partnerships, so keep an eye out for some very exciting news. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
102 days agocryptodaily
Bittrex announces listing of IoTeX’s token
US-based cryptocurrency exchange Bittrex announced the listing of IoTeX’s token IOTX, a MachineFi-focused blockchain project that just recently celebrated four years since its first code release. Bittrex, founded in Seattle, currently ranks 23 out of 306 crypto exchanges on CoinMarketCap with nearly $90 million in daily trading volume. Founded in 2014 in Seattle by three cybersecurity engineers, Bittrex boasts over 500,000 daily users and offers the trading of more than 300 cryptocurrencies. Bittrex has over 1 million Twitter followers.Along with its half-a-million active daily users, it exposes many new users to the IOTX token and provides IoTeX crypto enthusiasts with a new cryptocurrency exchange. According to an Investopedia review, Bittrex offers very low fees compared with other large exchanges and is widely available. “Bittrex is an established, centralized cryptocurrency exchange offering a wide selection of supported assets,” the review adds. “Multiple order types are available, including stop, stop limit, trailing stop, and ladder limit.” The report says, “Bittrex supports over 360 cryptocurrencies. This wide selection of assets makes it an attractive platform for those looking to trade popular coins and lesser-known options.” The trading experience on Bittrex is relatively straightforward. Users can easily make trades or purchase cryptocurrency with a debit card, bank account, or Bittrex account balance. Crypto enthusiasts can log in to their trading dashboard via their desktop or the exchange’s Android and iOS mobile apps. Its desktop interface offers a simple “Instant Buy/Sell” option. For IoTeX, it is a further step towards increasing IOTX adoption. IoTeX is already available on many centralized and decentralized exchanges, including Coinbase, Binance, Huobi Global, Mimo, Uniswap, Changelly, ChangeNOW, Indacoin, etc. IoTeX is the decentralized backbone for machine economics known as MachineFi, which serves devices ranging from intelligent home machines to self-driving vehicles. To this end, IoTeX built and launched a fast, high-performance, and EVM-compatible blockchain that provides flexibility and scalability for numerous applications. Also, middlewares and DApps are developed on top of its open-source blockchain bringing 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 is a unique tokenomic model that leads to deflation of IOTX as the number of devices orchestrated by IoTeX increases. The Bittrex listing of IOTX comes as IoTeX has seen significant growth. Its ecosystem has over 140 different projects. More than 38 million transactions have taken place on its blockchain, and 73 delegates perform consensus and help govern the network over which 17 million blocks have been produced. Telling of the user trust in IoTeX is 30% of the total token supply currently staked. Keep an eye out for upcoming news as the group's co-founders recently revealed they would shortly announce some very high-level partnerships with major global firms. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
153 days agocointelegraph
$100M fund aims to support the growth of decentralized machine economy
The IoTeX Foundation will examine all DApp developers thoroughly to ensure that they effectively enable machine financialization.
172 days agocointelegraph
IoTeX co-founder urges crypto investors to hodl amid market conditions
The market could “easily reach new all-time highs by the end of the year,” says IoTeX co-founder Dr. Raullen Chai.
242 days agonulltx
3 Underrated Metaverse Crypto Games on the WAX Blockchain
Metaverse crypto games are decentralized applications on the blockchain and are currently the big hype in crypto. Several blockchains support Metaverse crypto games, including Ethereum, Binance Smart Chain, Solana, IoTeX, WAX, and more. This article looks at three underrated Metaverse crypto games built on the WAX blockchain. Krypton Krypton describes itself as the world’s first […] The post 3 Underrated Metaverse Crypto Games on the WAX Blockchain appeared first on NullTX.
252 days agonulltx
Top 3 DApps on IoTeX’s Web3 IoPay Wallet
IoTeX is one of the leading platforms for decentralized applications, offering the fastest, most secure, and scalable blockchain network on the market. Their IoPay app allows anyone to participate in the IoTeX ecosystem. This article looks at some of the top Dapps on the IoPay Web3 wallet app that everyone should check out. StarCrazy My […] The post Top 3 DApps on IoTeX’s Web3 IoPay Wallet appeared first on NullTX.
257 days agonulltx
StarCrazy and GTF Token Overview, Second Most Popular DApp on IoTeX
With IOTX seeing massive price gains in early November, the market’s attention shifted towards the platform. At the time of writing, IoTeX has 30 dApps according to dappradar. Today, we will be looking at the second most popular dApp StarCrazy and its GFT token. What Is StarCrazy? StarCrazy is a Play-to-earn NFT game built on […] The post StarCrazy and GTF Token Overview, Second Most Popular DApp on IoTeX appeared first on NullTX.
265 days agonulltx
IoTeX + MachineFi, Exclusive Interview With IOTX Head of Ecosystems, Larry Pang
IoTeX is on a mission to build a connected world where everyday people own their data, devices, and identity. Their IOTX token has seen major price increases this month, rising from $0.07 and peaking at $0.25. Below are a few questions we asked Larry Pang, Head of Ecosystems at IoTeX. 1. What are you most […] The post IoTeX + MachineFi, Exclusive Interview With IOTX Head of Ecosystems, Larry Pang appeared first on NullTX.
267 days agocointelegraph
US Navy to pilot blockchain-based project to improve medical supply lines
Consensus Networks uses the IoTeX blockchain to monitor the health of 700,000 U.S. Navy sailors and marines in real time.
272 days agocointelegraph
IoTeX ‘MachineFi’ rebrand backs 200%+ rally to a new all-time high
IOTX price hits a new all-time high after the project shifts its focus to “MachineFi”, NFTs and decentralized finance.
278 days agonulltx
Major Exchanges Rush to List Ethereum Name Service, ENS Price Doubles
Followed by IoTeX, Ethereum Name Service is the second biggest gainer today on Crypto.com, rising over 44% in the past 24 hours. Recently hitting a market cap of $1 billion, and with a 24 hour trading volume of over $1.4 billion, traders are excited about ENS. Let’s take a closer look at what Ethereum Name […] The post Major Exchanges Rush to List Ethereum Name Service, ENS Price Doubles appeared first on NullTX.
278 days agonulltx
IoTeX Price Up Over 90% After DeFi Live Event
IoTeX is once again the top performer today on Crypto.com. We reported on IoTeX last week when the price surged 74%. It seems the hype around this crypto is not over yet, as today we’ve seen IOTX set a new all time high of $0.21. Let’s take a closer look at IOTX and look at […] The post IoTeX Price Up Over 90% After DeFi Live Event appeared first on NullTX.
283 days agonulltx
9 Random Questions About IoTeX Answered
After IoTeX exploded in price rising over 74% in a single day, many investors might be wondering what all the hype is about. Let’s go over some of the most common questions people have about IoTeX. 1. What is IoTeX token? IOTX Is an ERC-20 Ethereum token that’s used to power the IoTeX Network. IoTeX is […] The post 9 Random Questions About IoTeX Answered appeared first on NullTX.
285 days agonulltx
Rarible Price Up 18% – What Is the Hype All About?
One of the highest gainers this week is Rarible – a creator-centric NFT marketplace that utilizes the $RARI token to empower its users. Gaining over 18% and setting an ATH of $25.36, Rarible’s price is doing extremely well today. In fact, Rarible is in the Top 3 gainers today following IoTeX and DeRace What Is […] The post Rarible Price Up 18% – What Is the Hype All About? appeared first on NullTX.
285 days agonulltx
IoTeX Price ($IOTX) up 74% Today, Surpassing $1b in Market Cap
Following a conference earlier today, $IOTX price rose over 74% surpassing $1b in market cap and placing in the top 100 crytpocurrencies. It’s the biggest gainer today on Crypto.com followed by Maker ($MKR) and DeRace ($DERC) What Is IoTex? IoTeX is the auto-scalable and privacy-centric blockchain infrastructure for IoT. The project claims to be the […] The post IoTeX Price ($IOTX) up 74% Today, Surpassing $1b in Market Cap appeared first on NullTX.
370 days agocointelegraph
Altcoins soar while Bitcoin bulls gather strength to attack $48,000
WINk, DENT and IOTX notched triple-digit gains as Bitcoin’s bullish momentum extends to the wider crypto market.

About IoTeX

The live price of IoTeX (IOTX) today is 0.040879 USD, and with the current circulating supply of IoTeX at 9,540,779,324.31 IOTX, its market capitalization stands at 390,015,730 USD. In the last 24 hours IOTX price has moved 0.003497 USD or 0.09% while 30,505,686 USD worth of IOTX has been traded on various exchanges. The current valuation of IOTX puts it at #115 in cryptocurrency rankings based on market capitalization.

Learn more about the IoTeX blockchain network and how it works or follow the price of its native cryptocurrency IOTX and the broader market with our unique COIN360 cryptocurrency heatmap.

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.
IoTeX Price0.040879 USD
Market Rank#115
Market Cap390,015,730 USD
24h Volume12,860,212 USD
Circulating Supply9,540,779,324.31 IOTX
Max Supply10,000,000,000 IOTX
Yesterday's Market Cap384,778,880 USD
Yesterday's Open / Close0.036833 USD / 0.04033 USD
Yesterday's High / Low0.04183 USD / 0.03678 USD
Yesterday's Change
0.09% ( 0.003497 USD )
Yesterday's Volume30,505,686 USD
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