IoTeX
Name
IoTeX
Summary
-IoTeX is a privacy-focused blockchain that manages the Internet of Things (IoT) and the network's whole information lifecycle, including data collection, transmission, storage, and use.
-It was founded by Raullen Chai, Qevan Guo, Xinxin Fan, and Jing Sun in 2017
-To achieve "greater scalability with fast finality, without losing decentralization or security," IoTeX employs a Roll-Delegated-Proof-of-Stake ("Roll-DPoS") consensus process.
Rating
Symbol
IOTX
Overview
IoTeX is dedicated to constructing the Internet of Trusted Things', which will allow all physical and virtual things to exchange information and value on a global scale efficiently.
IoTeX is a decentralized platform that serves machines ranging from smart home devices to self-driving cars. IoTeX has developed and deployed a fast, high-performance, and EVM-compatible blockchain that offers scalability and flexibility for a wide range of applications. Middlewares and Dapps are also constructed on the blockchain to enable self-sovereign devices and real-world oracles.
Historical Price Movement (in INR)
Technology
IoTeX has several procedures to protect user and transactions’ privacy. Two examples are ring signatures and the trustworthy payment code, which hides the transaction receiver's address.
It works on delegated proof-of-stake by allowing stakeholders to vote for the network's block producers. The number of block producers is predetermined, and once elected, they are in charge of adding new blocks to the blockchain.
Use of native tokens in the ecosystem:
IOTX is the native token of the IoTeX network. Respective use-cases include:
-Decentralized governance,
-Gas fees
-Staking for the Layer-2 chain.
Private Sales
24%
Community Development
6%
Team
15%
Ecosystem Development
18%
Roll-DPoS Mining
12%
Foundation
25%
Volume (27th March 2022)
$35,368,821
Total Supply
9626124332
Circulating supply
9.54B IOTX
Crowd Sales
-
Funding
04/11/ 2021:Secondary Market-NA,
01/07/2019:Venture Round -NA
01/10/2018:Venture Round-NA
23/05/2018:Seed Round-NA
01/02/2018:Seed Round-NA
01/02/2018:Seed Round-NA
Country
Singapore
Name of Organization
IoTeX
Year Incorporated
2017
Registered Address
Singapore, Central Region 560252, SG
Dispute Resolution and Governing Law
Singapore
Country Risk Assessment
A1
Founding Team
| Name | Designation | Education | Experience |
| Raullen Chai | Co-Founder and CEO | University of Waterloo: Ph.D., Electrical & Computer Engineering | 9 Yrs |
| Xinxin Fan | Co-Founder | University of Waterloo: Doctor of Philosophy (Ph.D.), Electrical and Computer EngineeringXidian University: Master of Engineering (M.Eng.), Information System and Telecommunication EngineeringXidian University: Bachelor of Science (B.S.), Applied Mathematics | 11 Yrs |
| Jing Sun | Co-Founder | Nanyang Technological University Singapore: Master's degree, MMCFudan University: Bachelor's degree | 13 Yrs |
| Qevan G. | Co-Founder | National University of Singapore: Ph.D., Computer ScienceFudan University: B.S., Computer Science | 12 Yrs |
Whitepaper 
