Iotex iotex

Iotex price today is USD 0.073 and the trading volume in 24 hour is USD 26,660,765. Price change in the IOTEX price in the last 24 hour is -0.003 . It has a circulating supply of 9,441,378,955 coins and a total supply of 9,496,266,827.32. Total market cap of the IOTEX is USD 685,608,086 which has the movement of -3.648 in the last 24 hours

IoTeX has built a decentralized platform where the aim is to empower open economics for machines — an open ecosystem where people & machines can interact with guaranteed trust, free will, and under properly designed economic incentives. EVM-based DApps are helped by IoTeX to scale without concerning expensive gas fees. With a team of over 40+ globally comprising of research scientists & engineers, IoTeX has built the EVM-compatible blockchain from scratch using innovative 'Roll-DPoS' consensus & launched in April 2019, which has been running by more than 100 delegates worldwide & has processed 10+ million transactions till now. The team has built essential blocks of essential infrastructures in order to connect with BSC, Ethereum, and Heco blockchains, on top of the IoTeX blockchain, such as ioPay wallet and ioTube bridge, which serve ten thousands of users

The founders of IoTeX are Xinxin Fan, Raullen Chai, Qevan Guo, and Jing Sun. Qevan Guo is also a co-founder of the Hyperconnect Lab. He used to be a research scientist & engineering manager at Facebook. Raullen Chai is also an advisor at BootUP Ventures & is a member of the Industrial Distributed Ledger Task Group at (IIC) Industrial Internet Consortium. He used to work as lead of engineering security & crypto R&D at Uber. Xinxin Fan had been a senior research engineer at Bosch Research and Technology Center, North America. He has also worked as a research associate & project manager at the University of Waterloo. Jing Sun also works as managing partner at Sparkland Capital. She is an LP investor at Polychain Capital & an angel investor at Rippling

The main reasons to invest in IoTeX includes:- - IoTeX has built and launched a fast, high-performance, and EVM-compatible blockchain that provides flexibility and scalability for various applications. - 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 economical design that leads to deflation of IOTX while the number of devices orchestrated by IoTeX increases