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IoTeX

IOTX

  • Layer1
  • IOT
  • Infra
  • DePIN
Established Year
2017
Headquarter
United States
Operating Status
Active
IoTeX is an EVM-compatible L1 blockchain that provides secure interactions between humans and machines. Launched in 2017, IoTeX has a vision to power the Internet of Trusted Things, an ecosystem of secure data, devices and users. Through the creation of a platform for the Internet of Trusted Things, IoTeX provides a decentralized network of DApps (Cyclone, Mimo), smart devices (UCam, Pebble), services (ioPay, ioTube) and digital assets, delivering greater value to end users.

Organisation

Subsidiary

Financial Portfolio

Funding

Series A
15 Investors
$10 M

Investment

Nubila Network
Nubila Network
N/A
Lead Investor
$2.5 M
Roam
Roam
Strategic
$5 M
GEODNET
GEODNET
N/A
$3.5 M
DePHY
DePHY
Seed
Millions
Exabits
Exabits
Pre-Seed
N/A
PowerPod
PowerPod
Seed
$1 M
GEODNET
GEODNET
Private
$1.5 M
Moonshot Commons
Moonshot Commons
Seed
N/A
Puffer Finance
Puffer Finance
Pre-Seed
$650 K
Health Hero
Health Hero
Seed
N/A
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Frequently Asked Questions

What Is IoTeX (IOTX)?

Starting as an open-source project in 2017, IoTeX has built a decentralized platform whose aim is to empower the open economics for machines — an open ecosystem where people and machines can interact with guaranteed trust, free will, and under properly designed economic incentives. With a global team of over 40 research scientists and engineers, IoTeX has built their EVM-compatible blockchain from scratch using the innovative Roll-DPoS consensus and launched in 2019 April, which has been running by 100+ delegates worldwide and has processed more than 10 million transactions already. On top of the IoTeX blockchain, the team has built the essential blocks of infrastructures to connect with Ethereum, BSC, and Heco blockchains such as ioPay wallet (https://iopay.me/) and ioTube bridge (https://iotube.org/), which serve ten thousands of users. IoTeX helps EVM-based DApps scale without concerning expensive gas fees! Besides, middleware such as Decentralized Identity, Confidential Computing, and Secure Hardware has been built on top of the IoTeX blockchain. This has enabled the creation of self-sovereign devices such as Ucam, and real-world data oracles like Pebble. Ucam (https://ucam.iotex.io/) has been deployed to over 3000 households (http://iott.network/). Meanwhile, Pebble has been launched to more than 300 developers initially, and enables innovative Dapps to connect the physical world with the crypto world, such as real-world NFTs, weather derivatives and machine learning-as-mining.