IoTeXPad

IoTeX is the auto-scalable and privacy-centric blockchain infrastructure for the Internet of Things (IoT), which brings autonomous device coordination to the masses by “connecting the physical world, block by block”.

At IOTEXPAD, we aim to replicate a fair, transparent, and collaborative process to ensure projects conceed amicable results and suffice to succeed through a long-term outlook. Accomplished through our expertise, hands-on approach, and sheer dedication to the projects we launch and incubate.

We impart resources that ignite and accelerate the rate of innovation within the IOTEX ecosystem, this may appease itself in the form of advisory, introductory network, or access to technical prowess.

IoTeXPad provides a way through which new IoTeX projects can raise capital from a platform that is already used by most of the crypto world. While IoTeXPad takes care of the token sales with top-notch security, projects can focus more on developing their core idea. Iotexpad is an exclusive token launch platform for transformative IoTeX projects that takes crowdfunding to a whole new level with safe and easy use of crypto assets to benefit the projects and their investors. The TEX token holders will be incentivized with access to game-changing projects that are launched in the IoTeX network.

The founders of IoTeX are Raullen Chai, Qevan Guo, Xinxin Fan, and Jing Sun.

Besides being the co-founder of IoTeX, Raullen Chai is also an advisor at BootUP Ventures and is a member of the Industrial Distributed Ledger Task Group at Industrial Internet Consortium. He used to work as lead of crypto R&D and engineering security at Uber.

Qevan Guo is also a co-founder of Hyperconnect Lab. He used to be a research scientist and engineering manager at Facebook.

Before co-founding IoTeX, Xinxin Fan was a senior research engineer at Bosch Research and Technology Center, North America. He has also worked as a research associate and project manager at the University of Waterloo.

Jing Sun also works as a managing partner at Sparkland Capital. She is an LP investor at Polychain Capital and an angel investor at Rippling.

IoTeX is the decentralized backbone for machine economics which serves machines ranging from smart home devices to autonomous vehicles. To this end, IoTeX has built and launched a fast, high-performance, and EVM-compatible blockchain that provides flexibility and scalability for various applications. Also, middlewares and Dapps are built on top of the blockchain to bring self-sovereign devices and real-world oracles into reality.

IOTX is the native coin that governs the underlying blockchain protocol while being used as the gas for the blockchain protocol. Burndrop (http://burndrop.iotex.io/) is a unique economical design that leads to deflation of IOTX while the number of devices orchestrated by IoTeX increases.

As of March 2021, IOTX has a circulating supply of 9,644,304,442 tokens and a maximum supply of 10,000,000,000 IOTX.

IoTeX has several mechanisms that ensure the privacy of users and transactions. Some of these are ring signatures and the reliable payment code that hides the transaction receiver’s address.

Delegated proof-of-stake works by having stakeholders vote for the block producers on the network. The number of block producers is set and once they are elected, they are responsible for adding new blocks to the blockchain.

For doing it, they receive rewards that they can distribute to the stakeholders who voted for them, incentivizing block producers to continue working and stakeholders to continue voting for block producers.

IoTeX (IOTX) can be bought and sold on many exchanges, including:

• Binance
• Huobi Global
• HBTC
• Xtheta Global
• VCC Exchange

HOW IT

WORKS

With 6 tiers (Bronze, Silver, Gold, Emerald, Ruby, VIP), all of which represent a staking requirement, ranging from 500–40,000, we've designated a community-based tiers structure with pool weight being the primary determining factor for allocation size, allowing for an equitable investment procedure. Guaranteed allocation for all tiers!

With our easy-to-follow procedure, simply purchase & stake a sufficient number of $TEX, and invest in quality projects all year round.