IoTeX Research Hub | IOTX information, history and analysis
IoTeX is a blockchain project launched in April 2019 and created by Qevan Guo, research scientist, technical director at Facebook, and co-founder of Hyperconnect Lab.
IoTeX is designed to be a decentralized network that uses blockchain technology to solve the problems related to the IoT industry, such as low scalability, and has not attracted much attention. The project’s development team claims that IoTeX is the fastest, most secure, and most scalable blockchain platform on the market.
IoTeX (IOTX) is a utility token of the IoTeX ecosystem, built on the Binance Smart Chain platform according to BEP20 standards and used for the following purposes:
- Reward incentivizes developers to build quality Dapps on the IoTeX platform
- Pay the operating costs of layer 2
- Participate in the network administration process and vote on network issues such as changing rules, protocols, parameters, etc.
- Pay for transactions and execute smart contracts on the network.
Foresight X partners with IoTeX Foundation and FutureMoney Group
Foresight X has entered into a partnership with the IoTeX Foundation and FutureMoney Group.
As part of the collaboration, Foresight X will serve as the exclusive accelerator partner for the DePIN SURF Program, assisting with planning, promotion, project recruitment, and the recruitment of mentors and VC partners.
IoTeX Foundation prepares to launch L2 network W3bstream for DePIN
IoTeX Foundation has announced that its team is preparing to launch W3bstream, an L2 network designed specifically for DePIN.
The introduction of W3bstream aims to enhance the functionality and efficiency of DePIN projects by providing a more streamlined and secure method for handling off-chain data.
Unchain teams up with IoTeX to raise funds for people in Ukraine
IoTeX has partnered with Unchain Fund 3 to raise 1 million IOTX donations for their community to transparently help those suffering the horrors of war in Ukraine.
Backed by Web3 leaders, including Vitalik Buterin and top blockchain projects, Unchain works with local activists to provide food, medicine, transport, clothing, hygiene products, and protective equipment to people in need.
US Navy to pilot blockchain-based project to improve medical supply lines
The U.S. Navy has signed a $1.5-million contract with Consensus Networks to develop HealthNet, a platform providing real-time monitoring and logistics for nearly 700,000 sailors and marines.
The project, built on Internet of Things-focused blockchain IoTeX, is halfway complete, counting the days for its pilot scheduled for early 2022.
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.
Data shows that since hitting a low of $0.055 on Oct. 27, the price of IOTX has surged 377% to a new record high at $0.263 on Nov. 13 as its 24-hour trading volume spiked to a record $3.93 billion.
IOTX grew by 35.38% after 24h, trading volume hit $115 million
IOTX has achieved a gain of 35.38% with a $115 million trading volume. With this growth rate, IOTX has led the top Gainers on ONUS in the past 24 hours.