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Iotex logo

Iotex

DeFi logoDeFi
DeFi Protocol
Founded 2017

IOTX is an Ethereum token that powers IoTeX

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IoTeX Overview

IoTeX is one of the top decentralized networks compelling the machine economy and the third-generation web, MachineFi. The platform was developed to enable programmers to link up trillions of machines with web3 infrastructure and manufacture cutting-edge applications like DeFi, NFT, Metaverse, etc. The platform is a greater performance public blockchain featuring off-chain computing for machines and devices including cross-chain bridges, wallets, and the marketplace introduced by IoTeX.

The company was founded in 2017 by graduates from Facebook, Google, Uber, Bosch, and Intel. Along with over $2 billion in on-chain assets, 300K on-chain users, and around 10K connected devices spanning hundreds of applications, the IoTeX platform has experienced remarkable growth. As a layer one blockchain that allows safe and reliable communication between IoT devices and the community, the company is aiming to build a platform that will serve as the center of the IoT environment and let customers securely access data.

IoTeX has increased a total of $100 million worth in a single venture fund, which was announced on March 16, 2020. The platform's estimated annual revenue is $7.4 million per year with an estimated revenue of $130,500 per employee currently.

Frequently Asked Questions About Iotex

Iotex is a defi company. IOTX is an Ethereum token that powers IoTeX

IOTX is an Ethereum token that powers IoTeX.

Iotex has been operating since 2017. You can verify their legitimacy through their official website and social media presence.

Iotex operates in the defi sector of the cryptocurrency industry. Compare Iotex with other defi companies on Crypto News Navigator to evaluate services, features, and reputation before making your decision.

Before using Iotex, research their track record (operating since 2017), verify their regulatory compliance, read user reviews, and understand their fee structure. Never share your private keys with any service, and start with small amounts until you are comfortable with the platform.

Safety depends on multiple factors including regulatory compliance, security practices, and track record. Iotex has been operating since 2017. Always enable two-factor authentication, use strong passwords, and never store large amounts on any third-party platform.

Iotex was founded in 2017.

Iotex operates on the ["Ethereum"] blockchain.

Iotex Details

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