IoTeX (IOTX) is a Layer 1 blockchain and computing platform purpose-built for the Internet of Things (IoT) and Decentralized Physical Infrastructure Networks (DePIN) — enabling real-world devices (sensors, vehicles, wearables, satellites) to participate in blockchain networks by providing verifiable data, earning IOTX tokens, and being coordinated through smart contracts without centralized intermediaries.
| Stat | Value |
|---|---|
| Ticker | IOTX |
| Price | $0.00 |
| Market Cap | $44.20M |
| 24h Change | +3.3% |
| Circulating Supply | 9.44B IOTX |
| Max Supply | 10.00B IOTX |
| All-Time High | $0.26 |
| Contract (Ethereum) | 0x6fb3...4d69 |
| Contract (Base) | 0xbcba...38c1 |
How It Works
- Roll-DPoS consensus — IoTeX uses a “Randomized Delegated Proof of Stake” (Roll-DPoS) mechanism: IOTX holders elect delegate validators; validators are randomly selected each epoch to produce blocks. This aims to combine DPoS’s speed with randomized election for Sybil resistance.
- EVM compatibility — IoTeX is EVM-compatible, allowing Solidity smart contracts to run on IoTeX with standard Ethereum tooling.
- W3bstream — IoTeX’s off-chain computing module (W3bstream) allows smart contracts to receive verified data from IoT devices, compute over it off-chain, and post results on-chain — bridging the physical and digital world.
- DID for devices — IoTeX implements Decentralized Identifiers (DIDs) for IoT devices, giving devices on-chain identities and verifiable credentials.
- DePIN ecosystem — IoTeX is a leading platform for DePIN projects — networks like sensor grids, weather networks, mobility data networks, and wireless networks that use blockchain incentives to coordinate physical hardware contributors.
- ioTube bridge — IoTeX’s cross-chain bridge connects IOTX and tokens between IoTeX, Ethereum, BSC, and Polygon.
Tokenomics
| Parameter | Value |
|---|---|
| Ticker | IOTX |
| Max Supply | 10,000,000,000 (10 billion) |
| Consensus | Roll-DPoS |
| Launch | April 22, 2019 |
| Staking | Delegate staking for block production |
| EVM | Full Ethereum compatibility |
Use Cases
- DePIN projects — Build networks of hardware devices (vehicles, sensors, satellites) coordinated by IoTeX smart contracts.
- IoT data markets — Buy and sell verified IoT data feeds on-chain.
- Device identity — Register physical devices with on-chain DIDs and verifiable credentials.
- Staking — Stake IOTX to delegate to validators and earn staking rewards.
- DeFi — IoTeX has DeFi ecosystem including DEXes, lending, and liquidity farming.
History
- 2017-2018 — IoTeX is founded by Raullen Chai, Qevan Guo, Jing Sun, and Xinxin Fan (all with PhDs from research institutions including University of Waterloo, UC Berkeley, and others).
- 2018-04 — IoTeX raises $14 million in a private token sale. Ethereum-based IOTX token launched.
- 2019-04-22 — IoTeX mainnet launches. Roll-DPoS consensus goes live. IOTX migrated from Ethereum to native network.
- 2020–2021 — Ucam (a blockchain-based home security camera with E2E encrypted data) launches as IoTeX’s flagship consumer hardware product.
- 2021 — IoTeX contributes significantly to establishing the DePIN (Decentralized Physical Infrastructure Networks) narrative and framework, coining the term with Messari.
- 2022–2024 — IoTeX grows as a DePIN hub. Pebble Tracker (IoT device), multiple DePIN projects building on W3bstream. IoTeX recognized as the leading DePIN infrastructure blockchain.
Common Misconceptions
“IoTeX is only for IoT manufacturers.”
IoTeX is open for any developer to build DePIN applications. Hardware device integration is one use case; IoTeX is used by decentralized wireless networks, GPS data networks, environmental monitoring projects, and more.
“IOTX is only traded on niche exchanges.”
IOTX is listed on Binance, Coinbase, Huobi, and other major global exchanges.
Social Media Sentiment
IoTeX is widely respected in the DePIN community as the pioneer of the DePIN narrative and the most fully-featured blockchain for physical hardware networks. The academic founding team gives it technical credibility. IOTX’s price performance has been moderate compared to hype cycles, but IoTeX’s reputation as DePIN infrastructure is strong.
Last updated: 2026-04