In the rapidly evolving landscape of blockchain technology, IoTeX ($IOTX) stands out as a pioneering platform designed specifically for the Internet of Things (IoT). With its commitment to building a next-generation blockchain infrastructure that is lightweight, privacy-centric, and easily extensible, IoTeX aims to revolutionize how devices communicate and interact in a decentralized environment.

At the core of the IoTeX ecosystem is the $IOTX token, which plays a vital role in facilitating transactions, powering dApps, and incentivizing community participation. The tokenomics of $IOTX is designed to support a sustainable and thriving ecosystem, enabling users to engage in various activities such as staking, governance, and accessing services within the platform. With the recent upgrade to IoTeX 2.0, the platform has transformed its Layer 1 (L1) blockchain into an open, modular infrastructure tailored for Decentralized Physical Infrastructure Networks (DePINs). This upgrade introduces new features such as real-time analytics, customizable interfaces, and seamless integrations, all aimed at driving adoption and enhancing user experience. As IoTeX continues to innovate and expand its offerings, it positions itself as a leader in the blockchain space, ready to tackle the unique challenges presented by the growing IoT landscape.

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What is IoTeX?

IoTeX is an automatically extensible and privacy-centric blockchain infrastructure tailored for the Internet of Things. The platform is dedicated to supporting IoT applications through a subversive blockchain technology that prioritizes lightweight operations and privacy. The $IOTX token plays a crucial role in the IoTeX ecosystem, facilitating transactions, powering distributed applications, and incentivizing community participation.

IoTeX addresses these challenges by providing a robust blockchain infrastructure that is not only lightweight and privacy-centric but also easily extensible. This innovative approach allows developers to create decentralized applications (dApps) that can seamlessly interact with a wide array of IoT devices, from smart home appliances to industrial sensors. By leveraging blockchain technology, IoTeX aims to enhance the security and interoperability of IoT ecosystems, ensuring that devices can communicate and transact with one another in a trustless environment.

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IoTeX 2.0: A Major Upgrade

The recent upgrade to IoTeX 2.0 has transformed the Layer 1 (L1) blockchain into an open, modular infrastructure designed for all Decentralized Physical Infrastructure Networks (DePINs). This upgrade is underpinned by new tokenomics aimed at driving the DePIN flywheel and catalyzing adoption. The enhancements introduced in IoTeX 2.0 include:

1. Real-Time Analytics: Users can access real-time data insights, enabling better decision-making and operational efficiency.

2. Customizable Interface: The platform offers a user-friendly interface that can be tailored to meet the specific needs of developers and users.

3. Seamless Integrations: IoTeX allows for easy integration with existing systems and applications, facilitating a smoother transition to decentralized solutions.

4. User -Friendly Navigation: The platform is designed with user experience in mind, making it accessible to both technical and non-technical users.

Data Security: IoTeX prioritizes data security, ensuring that user information and transactions are protected against unauthorized access.

Instant Notifications: Users receive real-time notifications about important events and updates, enhancing engagement and responsiveness.

Market Performance of $IOTX

Current Market Metrics

As of now, $IOTX has a market capitalization of approximately $188.6 million, positioning it as a mid-cap cryptocurrency in the blockchain space. The circulating supply of $IOTX is 9.44 billion tokens, with a maximum supply capped at 10 billion tokens. The fully diluted market cap stands at $199.8 million, indicating the potential market value if all tokens were in circulation.

• Release Date: May 24, 2018

• Issue Price: $0.007

• All-Time High (ATH): $0.2555 (November 13, 2021)

• All-Time Low (ATL): $0.001215 (March 13, 2020)

• Market Cap / Total Circulating: 94.41%

• Number of Holding Addresses: 23.18K

• Number of Listed Exchanges: 29

• Market Sentiment: Positive

Price History and Volatility

The price history of $IOTX reflects the volatility often seen in the cryptocurrency market. After its release at an issue price of $0.007, $IOTX experienced significant growth, reaching an all-time high of $0.2555 in November 2021. However, like many cryptocurrencies, it faced challenges and fluctuations, with an all-time low of $0.001215 recorded in March 2020. The current market sentiment remains positive, indicating a potential for recovery and growth as the IoTeX platform continues to develop and expand its offerings.

All data is valid as at the time of writing 23rd April 2025

The Team Behind IoTeX

The success of IoTeX can be attributed to its dedicated team of co-founders and advisors, who bring a wealth of experience and expertise to the project:

1. Jing Sun: Co-Founder

2. Xinxin Fan: Co-Founder

3. Qevan Guo: Co-Founder

4. Mukul Agarwal: Advisor

Additionally, IoTeX has garnered support from notable investors, including Draper Dragon, ADHVC, DHVC, the Ethereum Foundation, AU21 Capital, Amber Group, Borderless Capital, and Foresight Ventures. This backing not only provides financial support but also enhances the credibility and visibility of the IoTeX project within the blockchain community.

The Role of $IOTX in the IoTeX Ecosystem

The $IOTX token serves multiple purposes within the IoTeX ecosystem:

1. Transaction Fees: $IOTX is used to pay for transaction fees on the IoTeX network, facilitating seamless interactions between devices and applications.

2. Governance: Holders of $IOTX can participate in the governance of the IoTeX network, allowing them to vote on proposals and influence the direction of the platform.

3. Incentives for Developers: The token incentivizes developers to create and deploy decentralized applications (dApps) on the IoTeX platform, fostering innovation and growth within the ecosystem.

4. Staking: Users can stake their $IOTX tokens to earn rewards, contributing to the network’s security and stability while generating passive income.

5. Access to Services: $IOTX is required to access various services and features within the IoTeX ecosystem, ensuring that users have a stake in the platform’s success.

How to Buy $IOTX on Gate.io

Step 1: Register for an Account

Start by visiting Gate.io and clicking on “Sign Up” to create your account. Enter your email address, create a secure password, and follow the registration instructions.

Step 2: Complete the KYC Verification

To ensure your account is secure and compliant with global regulations, complete the Know Your Customer (KYC) process. This usually involves submitting a government-issued ID and possibly a selfie. Proper verification increases your account’s security and unlocks full trading features.

Step 3: Deposit Funds

Once your account is verified, deposit funds into your Gate.io wallet You can use various methods, such as bank transfers, credit or debit cards, or even other cryptocurrencies. Make sure you deposit enough funds to cover your desired investment as well as any applicable fees.

Step 4: Locate $IOTX

In the trading section of the platform, use the search bar to find $IOTX. Gate.io typically lists $IOTX with various trading pairs, such as $IOTX/USDT. Review the current market price and available order options before proceeding.

Step 5: Place Your Order

Decide whether to place a market order or a limit order. A market order will execute immediately at the current price, while a limit order lets you set your own price. Enter the amount of $IOTX you wish to purchase, review the order details carefully, and then confirm the transaction.

IoTeX (IOTX) Price Prediction

In a conservative scenario, the price of IOTX is expected to remain relatively stable, ranging between $0.015 and $0.02. This outlook assumes minimal market momentum and limited adoption or development progress.

Under a moderate scenario, IOTX could see some upward movement as market conditions improve and the project continues to grow. In this case, the price may rise to somewhere between $0.03 and $0.05.

For a more optimistic scenario, stronger interest in the Internet of Things (IoT) space and increased utility of the IoTeX network could drive the price significantly higher, potentially landing between $0.06 and $0.13 by the end of 2025.

In a very bullish scenario, if IoTeX experiences major adoption, strategic partnerships, or broader crypto market rallies, the price could surge even further, possibly reaching up to $0.29.

These predictions reflect a range of possible outcomes based on market trends and project developments, but as always, the crypto market remains highly volatile and unpredictable.

Conclusion

In summary, $IOTX (IoTeX) represents a forward-thinking approach to blockchain technology tailored for the Internet of Things. With its robust infrastructure, positive market sentiment, and a dedicated team, IoTeX is poised for growth in the coming years. As the platform continues to innovate and adapt to the changing landscape, $IOTX could become a key player in the decentralized future of IoT applications. Investors and users alike should keep an eye on this promising token as it navigates the challenges and opportunities ahead

Using its commitment to privacy, scalability, and modularity, IoTeX is well-equipped to meet the demands of an increasingly interconnected world. The positive market sentiment surrounding $IOTX, coupled with its robust tokenomics and dedicated team, positions the project for significant growth in the coming years. As the regulatory landscape evolves and the demand for IoT solutions continues to rise, IoTeX is poised to capitalize on these trends, making it a compelling option for investors and developers looking to explore the potential of decentralized technologies. The future of IoTeX is bright, and as it continues to innovate and adapt, $IOTX could emerge as a cornerstone of the decentralized future for IoT applications, driving the next wave of technological advancement in this exciting field.

Disclaimer: Cryptocurrency investments carry risks. Always conduct thorough research before investing.