IoTeX price (IOTX)

About IoTeX (IOTX)

IoTeX is a blockchain project focused on building the Internet of Trusted Things, creating an open ecosystem where humans and machines can interact with verifiable trust and privacy. The platform enables users to own their smart devices and the value they generate, decentralizing the IoT industry and serving as a trusted hub for IoT data in the blockchain universe. IoTeX was founded in 2017 in Silicon Valley and boasts a team of top engineers from tech giants like Google, Facebook, and Intel. The $IOTX coin is the base currency of the IoTeX Network, used for transactions, device registrations, and network governance through staking.

The technology behind IoTeX is tailored for Blockchain + IoT + Privacy applications, combining innovations in blockchain, decentralized identity, and secure hardware. The platform features a fast, reliable, and scalable Layer 1 blockchain supporting EVM & Solidity-based smart contracts. IoTeX also offers a Decentralized Identity (DID) framework for people and devices, promoting interoperability and self-sovereignty. Secure Hardware integration with tamper-proof secure elements ensures trust through Trusted Devices, Data, and DApps. The IoTeX Mainnet, launched in April 2019, has processed over 10 million transactions, inviting global contributors to participate in ongoing projects.

Overall, IoTeX aims to empower individuals and businesses to own and control their devices, data, and value, offering peace of mind in a world where data and identity are owned by the users, not corporations. With a focus on trust, privacy, and decentralization, IoTeX is paving the way for a future Internet of Trusted Things where users have full control over their digital assets and interactions. #OwnYourWorld.

How does IoTeX work?

IoTeX is a decentralized platform that enables peer-to-peer transactions through its underlying blockchain technology. It operates on a unique consensus mechanism called Roll-DPoS, which combines Delegated Proof of Stake (DPoS) with Roll-DPoS to ensure high scalability and security. IoTeX offers features such as privacy, interoperability, and IoT integration, making it suitable for various use cases including supply chain management, smart cities, and healthcare. Its decentralized nature allows for trustless and transparent transactions, while its innovative approach to blockchain technology sets it apart from traditional financial systems by providing a secure and efficient platform for a wide range of applications in different industries.

How to keep your IoTeX (IOTX) safe?

To keep your IoTeX (IOTX) safe, consider using hardware wallets such as Ledger for enhanced security. These wallets store your private keys offline, making it difficult for hackers to access your funds. Additionally, trusted platforms like Coinbase and Binance offer secure storage options and two-factor authentication to protect your assets. Be sure to enable all available security features and regularly update your passwords to keep your IoTeX investments safe from potential threats.

Sentiment about IoTeX IOTX

Social media platforms are indicating a positive sentiment towards IoTeX. The sentiment score, which represents the balance between positive and negative posts weighted by interactions, is broken down as follows:

• Reddit posts show 91%

• YouTube videos show 97%

• TikTok videos show 90%

• On X (formerly Twitter), sentiment towards IoTeX varies. Approximately 54.12% of tweets express bullish sentiment, 1.93% express bearish sentiment, and 43.95% remain neutral. These sentiments are based on 130.30K tweets.

These findings are based on a total of 136.76K interactions over the last 24 hours, involving 433 unique social contributors to the topic.

This aligns with IoTeX's market performance; it is currently priced at $0.04 with a market capitalization of $428.51M.

In addition, in the last 24 hours, the price decreased by -0.06%. Market data suggests a bearish sentiment, indicating a negative outlook for the cryptocurrency.