Introduction
IOTX is an Ethereum token that powers IoTeX Crypto network, a platform that aims to connect IoT devices (such as cameras and sensors) and decentralized applications. IOTX can pay for transactions, staking, and governance and register new devices on the IoTeX Crypto network.
What Is IoTeX Crypto (IOTX)?
Starting as an open-source project in 2017, IoTeX has built a decentralized platform to empower open economics for machines. People and machines can interact with guaranteed trust and free will in this open ecosystem under properly designed economic incentives.
With a global team of over 40 research scientists and engineers. IoTeX has created its EVM-compatible blockchain from scrape using the creative Roll-DPoS consensus. It launched in April 2019, has been run by 100+ delegates worldwide, and has already processed over 10 million transactions. 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 today’s wallet (https://iopay-wallet.iotex.io/) and YouTube bridge (https://tube.iotex.io/), which serve ten thousand users. IoTeX helps EVM-based DApps ranking without concerning expensive gas fees!
Besides, middleware such as Decentralized Identity, Confidential Computing, and Secured Hardware has been created on top of the IoTeX blockchain. This has allowed the design of self-sovereign gadgets 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 by over 300 developers 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.
History of IoTex (IOTX)
IoTex was established as an open-source platform built from scratch (no fork) in 2017. The company is headquartered in Silicon Valley. Qevan Guo, Jing Sun, Raullen Chai, and Xinxin Fan are the founders of IoTeX.
Raullen Chai is an adviser at BootUP Ventures and previously performed as Uber’s leader in crypto R&D and engineering security. Qevan Guo formerly performed as a research scientist and engineering supervisor at Facebook. Jing Sun is a managing associate at Sparkland Capital. She is also an investor at Polychain Capital and Rippling. Xinxin Fan was previously a senior analysis engineer at Bosch Research and Technology, North America.
The initial coin presenting (ICO) of IoTeX took place in February 2018 and was presented for $0.0000125 per token. The project worked to raise $14 Million in ICO. After that, they discharged the whitepaper of IoTeX in May 2018. The company established its platform in the same year and its blockchain network (mainnet) in 2019.
How does IoTX work?
IoTeX uses Roll-DPoS consensus, validating transactions using randomized delegated proof-of-stake agreement. Voters are any users who stake their IoTX tokens to nominate potential delegates. On an hourly basis, the protocol randomly selects 24 delegates out of the 36 top-voted candidates. Those delegates mine new blocks of transactions. Voters and representatives both earn rewards in the form of IoTX tokens.
One unusual feature of the IoTeX platform is that its users include devices and real people: Devices can hold wallets containing IoTX tokens, just like human users can.
Where Can You Buy IoTeX Crypto (IOTX)?
If you want to buy IoTeX at the current rate, the top cryptocurrency exchanges for trading in IoTeX stock are Binance, Bitrue, MEXC, Bitget, and Bybit.
IoTeX Crypto (IOTX) Price Prediction 2022-2033.
| Years | Avg Price | Lowest Price | Highest Price |
|---|---|---|---|
| 2022 | 0.021 | 0.024 | 0.024 |
| 2023 | 0.2 | 0.16 | 0.24 |
| 2024 | 0.25 | 0.2 | 0.3 |
| 2025 | 0.32 | 0.26 | 0.39 |
| 2026 | 0.41 | 0.33 | 0.49 |
| 2027 | 0.52 | 0.42 | 0.63 |
| 2028 | 0.66 | 0.53 | 0.8 |
| 2029 | 0.85 | 0.68 | 1.02 |
| 2030 | 1.08 | 0.86 | 1.3 |
| 2031 | 1.37 | 1.1 | 1.65 |
| 2032 | 1.74 | 1.39 | 2.09 |
| 2033 | 2.21 | 1.77 | 2.65 |
IoTeX Crypto price prediction 2022
According to our analysis, IoTeX’s price for 2022 should range between $0.10 to $0.2, and the average price of IOTX should be around $0.2.
IoTeX Crypto price prediction 2023
According to our analysis, IoTeX’s price for 2023 should range between $0.16 to $0.24, and the average price of IOTX should be around $0.2.
IoTeX Crypto price prediction 2024
According to our analysis, IoTeX’s price for 2024 should range between $0.2 to $0.3, and the average price of IOTX should be around $0.25.
IoTeX Crypto price prediction 2025
According to our analysis, IoTeX’s price for 2025 should range between $0.26 to $0.39, and the average price of IOTX should be around $0.32.
IoTeX Crypto price prediction 2026
According to our analysis, IoTeX’s price for 2026 should range between $0.33 to $0.49, and the average price of IOTX should be around $0.41.
IoTeX Crypto price prediction 2027
According to our analysis, IoTeX’s price for 2027 should range between $0.42 to $0.63, and the average price of IOTX should be around $0.52.
IoTeX Crypto price prediction 2028
According to our analysis, IoTeX’s price for 2028 should range between $0.53 to $0.8, and the average price of IOTX should be around $0.66.
IoTeX Crypto price prediction 2029
IoTeX’s price for 2029, according to our analysis, should range between $0.68 to $1.02, and the average price of IOTX should be around $0.85.
IoTeX Crypto price prediction 2030
According to our analysis, IoTeX’s price for 2030 should range between $0.86 to $1.30, and the average price of IOTX should be around $1.08.
IoTeX Crypto price prediction 2031
According to our analysis, IoTeX’s price for 2031 should range between $1.10 to $1.65, and the average price of IOTX should be around $1.37.
IoTeX Crypto price prediction 2032
According to our analysis, IoTeX’s price for 2032 should range between $1.39 to $2.09, and the average price of IOTX should be around $1.74.
IoTeX Crypto price prediction 2033
According to our analysis, IoTeX’s price for 2033 should range between $1.77 to $2.65, and the average price of IOTX should be around $2.21.
FAQs
How high can IoTeX go?
The average IoTeX (IOTX) price might go to $0.024 by the end of this year. If we count the five-year strategy, it is estimated that the coin will easily get the $0.11 mark.
Is IoTeX (IOTX) a good investment?
IoTeX’s value is predicted to grow as the shortage grows to promote price rises. Please note there is some risk to any asset. Just invest in what you can perform before making decisions and achieve the highest analysis possible.
How much will IoTeX be worth in 5 years?
In five years, IoTeX will have the lowest price of $0.13 and the highest price of $0.11 per IOTX. Since IoTeX is traded on a supply-and-demand basis, its value fluctuates drastically.
How much will IoTeX be worth in 2030?
In terms of price, IoTeX has an amazing possibility to get to new heights. It is predicted that IOTX will rise in value. Specific experts and business analysts say IoTeX can hit the highest price of $0.82 by 2030.
See More:
Where to buy Umee Crypto? | Umee Price Prediction 2022-2033
What is XYO Network Token? | XYO Network Price Prediction 2022-2033
What Is DFI MONEY Crypto (YFII)? | DFI.MONEY Price Prediction 2022-2033
Where Can You Buy Numeraire Crypto (NMR)? | Numeraire Price Prediction 2022-2033
