IoTeX is a blockchain platform designed to support secure, scalable, and privacy-preserving machine economy applications for the Internet of Things (IoT). It aims to enable devices and machines to transact and interact autonomously with strong cryptographic security, lightweight consensus, and trusted hardware integration. The project focuses on giving devices verifiable identity, tamper-proof data, and efficient microtransactions so IoT ecosystems can operate without centralized bottlenecks.

How many IoTeX tokens are in circulation, and what is the maximum supply?

IoTeX (iotX) currently has about 9.44 billion tokens in circulation. The project caps the total supply at 10 billion iotX, meaning there is a finite pool of tokens that may impact scarcity over time. As with any asset, supply dynamics, token burn mechanisms, or changes to issuance could affect this metric, so it’s wise to check the latest blockchain data for real-time figures.

Where can I buy IoTeX and how do I store it securely?

IoTeX can be purchased on several major crypto exchanges that list iotX. After buying, you can store tokens in compatible wallets that support the iotX mainnet. For best security, consider using a hardware wallet or a reputable software wallet with strong passcodes, two-factor authentication, and recovery phrases. Always verify the recipient address and network compatibility before transferring, and be mindful of network fees and transaction times that can vary with network congestion.

What is the current price trend for iotX, and what should I consider before investing?

As of the latest data, iotX trades around 0.0075 USD per token, with recent price movement showing a slight decline. When evaluating the investment, consider factors like IoTeX’s roadmap, ecosystem adoption (IoT device integrations, partnerships, and real-world use cases), the health of the broader crypto market, and tokenomics such as circulating supply versus max supply. Always perform due diligence, assess risk tolerance, and avoid investing more than you can lose. Diversification and cautious position sizing are prudent in volatile crypto markets.

What technical features distinguish IoTeX from other IoT-focused blockchains?

IoTeX emphasizes a lightweight, scalable consensus mechanism designed for IoT workloads, with trusted hardware integration to enhance data integrity and device attestation. It employs a decentralized identity model to give devices verifiable ownership and secure data provenance. The platform also targets privacy-preserving data sharing, enabling devices to transact micro-increments and monetize data without exposing sensitive information. These features collectively aim to reduce latency, improve security, and support real-time interactions in IoT ecosystems.

Frequently Asked Questions About Staking IoTeX (IOTX) in the UK