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IoTeX

IoTeX

IoT-Oriented Blockchain Platform

Website

IoTeX is dedicated to creating the next generation of the IoT-oriented blockchain platform. The cutting-edge blockchain-in-blockchain architecture will address the scalability, privacy, isolatability, and developability issues relating to the IoT DApps and ecosystem growth. By combining token incentives with our vibrant global community, we believe we can crowdsource top industry and community talents to push the frontier of blockchain 3.0

About IoTeX

TeX is the next generation of the IoT-oriented blockchain platform with vast scalability, privacy, isolatability, and developability for incubating new IoT applications and ecosystems. Connecting the physical world, block by block.

IoT has rapidly evolved over the years, but lacks real “killer applications”. McKinsey predicted that IoT could generate up to $11.1 trillion per year in economic value by 2025. Despite the potential of IoT, there are roadblocks ahead: lack of scalability, privacy concerns, and lack of functional values. IoTeX solves these problems by introducing a blockchain-in-blockchain architecture with token economy. By combining token incentives with community efforts, we believe we can crowdsource industry and community talents to address these technical challenges in IoT development.

At the highest level, we have four main innovations: 1. Blockchain-in-blockchain architecture which ensures privacy and prevents IoT information leakage; 2. Built-in privacy based on lightweight cryptography; 3. Real-time consensus with instant finality, which improves the throughput of the network, and reduces transactional cost, and boosts efficient cross-blockchain communication; 4. Subchain-as-a-service (SAAS) to facilitate fast prototyping and production of new IoT applications and ecosystems.

The Team

Xinxin Fan

Head of Cryptography

Raullen Chai

Co-founder

Qevan Guo

Co-founder

Jing Sun

Co-founder

Dustin Xie

Blockchain Engineer

Tim Pan

Distributed Systems

Monika Hathaway

Communication

Kyle Sykes

Creative and Marketing

Guang Gong

IEEE Fellow

Jack Lee

Co-Founding Managing Partner of HCM Capital

Fan Zhang

Founding Partner of Sequoia Capital China

Financials

Token Info

Platform Type
ERC20
Price in ICO
1 IOTX = 0.0000125 ETH
Tokens for sale
2,400,000,000

Investment Info

Distributed in ICO
24%

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