How and Where to Buy IoTex (IOTX) An Easy Step by Step Guide

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IoTeX was initiated with the ambition of empowering open economics for machines in 2017. It is an open-source platform and a decentralized system that facilitates the interaction between humans and machines. It also assures integrity, freedom, and correctly structured economic incentives.

 

The IoTeX blockchain technology was created to link smart devices to decentralized apps. Subscribers would have complete control over their gadgets and data as a result of this. According to the IoTeX website, the blockchain is presently leveraged by over 6,900 devices.


 

 

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About IoTex

 

An international team of more than 40 researchers and engineers developed IoTex with EVM-compatible blockchain from scratch using the innovative Roll-DPoS agreement and introduced in April 2019. It has been used by over 100 representatives internationally and has already filtered over 10 million transactions. The team has created infrastructures to link with Ethereum, BSC, and Heco blockchains on top of the IoTeX blockchain, such as the ioPay wallet (https://iopay-wallet.iotex.io/) and the ioTube bridge (https://tube.iotex.io/), which serves tens of thousands of users. IoTeX enables EVM-based DApps to scale without incurring high gas costs.

 

IoTeX (IOTX) is the IoTeX blockchain platform's native cryptocurrency token. Its aim is linked to the Internet of Things (IoT), a phrase that refers to the rising number of smart gadgets like security cameras, drones, and wearable fitness trackers.



 

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What is IoTex [IOTX]?

IoTeX (IOTX) is a robust private "blockchain-within-a-blockchain" solution for the Internet of Things (IoT). It's meant to link the physical world of internet devices block by block and owing to the Roll-DPoS consensus process, it'll be both efficient and flexible. IoTeX also offers a simple method for maintaining privacy to the table.

 

It's a private blockchain within a blockchain solution aimed at enabling the Internet of Things (IoT). Through the use of a unique Roll-DPoS consensus method, IoTeX was developed to link the physical world of Internet devices while also being quick and scalable.

 

IoTeX has embedded a variety of procedures to assure the privacy of users and transactions. The use of ring signatures is one method it does this. It also includes a reliable payment code that hides the transaction receiver's address.

 

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Who Are the Founders of IoTex [IOTX]?

Raullen Chai, Qevan Guo, Xinxin Fan, and Jing Sun are the bright stars who founded IOTX.

 

Raullen Chai not only established IoTeX but is also a consultant at BootUP Ventures and a member of the Industrial Internet Consortium's Industrial Distributed Ledger Task Group. He formerly worked at Uber as the lead of crypto R&D and engineering security.

 

Hyperconnect Lab's co-founder, Qevan Guo, is also a co-founder. He used to work at Facebook as a research scientist and engineering manager.

 

Xinxin Fan worked as a senior researcher in North America at Bosch Research and Technology Center before developing IoTeX. He has also worked at the University of Waterloo as a research scientist and project coordinator.

 

Jing Sun is also a team member at Sparkland Capital. 

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What Makes IoTex Unique?

One unique design aspect of IoTeX is that it can be interoperable with its blockchains. The usage of a root blockchain is done in combination with sidechains.

 

IoTeX is the decentralized financial hub that powers machines from intelligent home gadgets to independent automobiles. To this purpose, IoTeX has created and deployed a high-performance, high-skill blockchain compatible with EVM, which enables flexibility and scalability for different applications. In addition, middleware and dapps are developed on the blockchain, in order to realize self-sovereign devices and genuine oracles.

 

IOTX is the native coin that controls the underlying protocol for blockchain while it is utilized as a blockchain protocol gas. Burndrop is an unusual economic design leading to IOTX deflation when the number of devices coordinated by IoTeX is growing and the number of devices is increasing. 



 

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Where Can You Buy IoTex [IOTX]?

IoTex (IOTX) coins are available on the majority of major exchanges, including:

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

 

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Frequently Asked Questions

Can I Buy IoTex [IOTX] With Cash?

There is no direct method to purchase IOTX using cash. You can, however, utilize markets such as LocalBitcoins to first acquire BTC, and then complete the remainder of the procedures by moving your BTC to the appropriate AltCoin exchangers.

Are there any quick ways to buy IoTex [IOTX] in Europe?

Yes, in reality, Europe is one of the easiest countries to acquire cryptocurrency in general. There are also online banks where you can create an account and send funds to exchanges like Coinbase and Uphold.

 

What is the cheapest way to buy IoTex?

 With Binance, you get reduced trading costs than on other exchanges. Use Discount Code: EE59L0QP to receive a 10% rebate on all trading costs.

 

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IoTex  Official website  – https://www.iotex.io/

 

IoTex  Twitter – https://twitter.com/iotex_io

 

IoTex Reddit – https://reddit.com/r/IoTex

 

IoTex Medium – http://medium.com/iotex








 

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