IoTeX

IoTeX is a Silicon Valley-based technology company with a focus on developing solutions for Web3 and the machine economy (MachineFi). The company's name is a reference to its specialty—it is a decentralized network for the Internet of Things (IoT). IoTex was founded in 2017, and the company's platform hosts blockchain projects and products, including UCam, Pebble, and Hermes. The stated mission of the company is to build a connected world where everyone has ownership over their data, devices, and identity.

Introduction to IoTeX.

IoTeX's platform uses a combination of various types of technology so data from the devices can be used for secure decentralized applications (Dapps). Technology used on the platform includes blockchain, oracles, hardware, and technology for identity purposes. The combination of these types of technology allows for real-world data to be available for the aforementioned Dapps. The company has also developed other products, such as its ioPay Wallet, which is a cryptocurrency wallet, and IoTeXPad, a native launchpad.

This technology can be applied in the following:

• uncrewed vehicles

• device identity management

• data exchange systems

• smart houses

IoTeX has a token called IOTX, which is its native currency. Those holding the token have voting power for governance purposes on the platform. It can also be used as a utility token and for staking purposes. IOTX can be used by developers, delegates, and users. The tokens can also be earned as rewards.

Tool to explore IoTex network.