Binance-peg Iotex iotx

IOTX is an Ethereum based token that powers the IoTeX platform. IoTeX aims to connect IoT(Internet of Things) devices (such as cameras and sensors) and decentralized applications. IOTX token can be used to pay for transactions, staking, governance, and register new devices on the IoTeX network

The team behind IoTeX is extremely experienced in cryptography and cryptocurrencies. Raullen Chai is a co-founder of the project, and along with being a research scientists at the University of Waterloo he also holds a PhD in cryptography.  Qevan Guo is another co-founder of IoTeX and he holds a PhD in machine learning and computer vision from the National University of Singapore.  The third co-founder of IoTeX is Jing Sun, who has led more than 40 investments in security, blockchain and IoT

The main reasons to invest in IOTX include: - It is designed to connect the physical world of internet devices - It is fast and scalable thanks to the unique Roll-DPoS consensus mechanism