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IoTeX Price

IoTeX Price(IOTX)

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$ 0.0287034
+3.36%
(1D)

IOTX Price Live Data

The live price of IoTeX is $ 0.0287034 per (IOTX / USD) today with a current market cap of $ 273.85M USD. 24-hour trading volume is $ 7.49M USD. IOTX to USD price is updated in real-time. IoTeX is +3.36% in the last 24 hours. It has a circulating supply of 9.54B USD.
IOTX Price Performance USD
ChangeAmount%
Today$ 0.000964+3.36%
30 Days$ -0.0018785-6.54%
60 Days$ -0.0059177-20.62%
90 Days$ 0.0028077+9.78%

IOTX Price Information

24h Low & High
The highest and lowest price paid for this asset in 24 hours.
Low: $ 0.02774
High: $ 0.029385
The highest and lowest price paid for this asset in 24 hours.
All Time High
The highest price paid for this asset since it was launched or listed.
$ 0.2610923
The highest price paid for this asset since it was launched or listed.
Price Change (1h)
The percent change in trading volume for this asset compared to 1 hour ago.
-0.45%
The percent change in trading volume for this asset compared to 1 hour ago.
Price Change (24h)
The percent change in trading volume for this asset compared to 24 hours ago.
+3.36%
The percent change in trading volume for this asset compared to 24 hours ago.
Price Change (7d)
The percent change in trading volume for this asset compared to 7 days ago.
-7.46%
The percent change in trading volume for this asset compared to 7 days ago.
Price Change (7d)
The percent change in trading volume for this asset compared to 7 days ago.
-7.46%
The percent change in trading volume for this asset compared to 7 days ago.

IOTX Market Information

The percentage of Binance customers who increased or decreased their net position in BTC over the past 24 hours through trading.
Popularity
Popularity is based on the relative market cap of assets.
#114
Popularity is based on the relative market cap of assets.
Market Cap
Market cap is calculated by multiplying the asset's circulating supply with its current price.
$ 273.85M
Market cap is calculated by multiplying the asset's circulating supply with its current price.
Volume (24hours)
The total dollar value of all transactions for this asset over the past 24 hours.
$ 7.49M
The total dollar value of all transactions for this asset over the past 24 hours.
Circulation Supply
Circulating supply shows the number of coins or tokens that have been issued so far.
9.54B
Circulating supply shows the number of coins or tokens that have been issued so far.
Circulation Supply
Circulating supply shows the number of coins or tokens that have been issued so far.
9.54B
Circulating supply shows the number of coins or tokens that have been issued so far.

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

  1. What Does IoTeX Stand For?

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

  2. 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.

  3. 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.

  4. 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. Qeven 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.

  5. 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.

  6. What Makes IoTeX Different From Others?

    IoTeX seeks to icreate 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.

  7. 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.

Top News
IoTeX urges community members to vote on its upgrade proposal
The IoTeX team announced via Twitter on Tuesday that a new proposal is now live on its forum. The proposal introduces upgrades to the iotex-core blockchain protocol ahead of the Mainnet v1.9 code release, the team added. IoTeX's mission is to be a privacy-centric blockchain managing the entire information lifecycle of an Internet of Things (IoT) network, including data collection, transport, storage, and utilization. IOTX is up by 4.67% so far today and is currently trading at $0.02848.
Hassan Maishera - Cryptowisser
2022-09-07
#IOTX
#IOTX
Hassan Maishera - Cryptowisser
2022-09-07
#IOTX
#IOTX
Raullen Chai says IoTeX and MachineFi Lab support the Ethereum merge
Citi Group calls the merge the most significant in crypto history since bitcoin launchedJP Morgan analyst say that thanks to the merge, crypto has found its floorThe news comes ahead of MachineFi Lab’s historic W3bstream launchIoTeX 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.
Crypto Daily
2022-08-10
#Ethereum
#IoTeX
#Ethereum
#IoTeX
Crypto Daily
2022-08-10
#Ethereum
#IoTeX
#Ethereum
#IoTeX
Top Blog
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