Question 1

What is IoTeX?

Accepted Answer

[IoTeX](https://www.cryptocompare.com/coins/iotx/overview/BTC) is a privacy-centric blockchain infrastructure for the Internet of Things (IoT) that launched in 2017. It aims to make autonomous device coordination a reality while creating an open ecosystem where people and IoT devices can interact freely with properly designed incentives.
IoTeX is based on the Ethereum blockchain and the IOTX token powers the IoTeX network. This includes paying for transactions, staking, governance and registering new devices to the IoTeX network.
The project uses an innovative [Roll-DPoS](https://res.cloudinary.com/dokc3pa1x/image/upload/v1559623484/Research%20Paper/Academic_Paper_Yellow_Paper.pdf) consensus mechanism, a variant of the [Delegated Proof of Stake (DPoS) mechanism](https://www.cryptocompare.com/mining/guides/what-is-delegated-proof-of-stake-dpos/), that provides instant finality and throughput to help it support millions of IoT devices. IoTeX’s technology aims to give users full control of their internet-connected devices and data.
The team includes over 30 research scientists and engineers, who have built an Ethereum Virtual Machine-compatible blockchain with the Roll-DPoS consensus mechanism. Being EVM-compatible, it allows developers to build and convert smart contracts from ETH to its network.
The IoTeX network has over 100 delegates ensuring the network is decentralized and is fully open-source. The network already powers a diverse ecosystem of devices and decentralized applications. In the future, it plans to create devices powered by IoTeX’s decentralized identity system, real-world data oracles, and decentralized autonomous machines that “autonomously generate value for humans via on-chain data/assets.”

Question 2

What is IOTX used for?

Accepted Answer

IOTX is the native token of the IoTeX network. Each token represents fractional ownership of the network and can be used to pay for transactions on the blockchain. IoTeX users can use IOTX to use decentralized applications and stake their tokens or vote on network delegates.
Developers may power their devices and decentralized applications with IOTX-based incentives, while service providers may offer services to devices or decentralized applications using IOTX.
The IoTeX Network ecosystem is vast and currently consists of several projects such as:

* Ucam - a blockchain-powered home security camera with 100% data privacy
* Pebble - a decentralized asset tracking device to bring verifiable real-world data to IoTeX DApps
* Mimo DEX - A cross-chain decentralized exchange (DEX) with automated liquidity and 5-sec trade finality
* Multisender App - Batch-sending IOTX and XRC20 tokens to thousands of recipients in one single action
* IoTeX Scout - An alternative block explorer for the IoTeX blockchain
* IoTube - a cross-chain bridge to transfer tokens/data between IoTeX and other blockchains like Ethereum
* IoTeX Studio IDE - an online IDE for writing, testing, and deploying IoTeX smart contracts and DApps

And many more. You can access a full list of [IoTeX ecosystem projects](https://ecosystem.iotex.io/projects) on its website.

Question 3

Who created IoTeX?

Accepted Answer

The IoTeX network is headquartered in Silicon Valley and backed by a global team of top engineers from companies including Google, Facebook, Google, and Uber. Its founding team includes Raullen Chai, former head of cryptography at Uber and senior software engineer at Google, and Qevan Guo, former product lead at Facebook.
It also includes Jing Sun, a former managing partner at Sparkland Capital, a Silicon Valley-based Venture Capital firm, and Xinxin Fan, a senior research scientist at Bosch.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	IOTX-USDT IOTXUSDT	binance	AA	0.003662USDT	4,84%	90 000 730,00IOTX	4 796	0.003493USDT	0.003785USDT
2	IOTX-USDT IOTX_USDT	whitebit	BB	0.003649USDT	4,47%	48 718 084,99IOTX	3 709	0.003493USDT	0.003785USDT
3	IOTX-USDT IOTX-USDT	kucoin	BB	0.003652USDT	4,61%	16 333 531,82IOTX	649	0.003491USDT	0.003781USDT
4	IOTX-USDC IOTX_USDC	whitebit	BB	0.003645USDC	4,68%	9 420 592,72IOTX	474	0.003482USDC	0.003783USDC
5	IOTX-USDT IOTX_USDT	gateio	A	0.003655USDT	4,70%	9 262 902,00IOTX	986	0.003491USDT	0.003784USDT
6	IOTX-USD IOTX_USD	cryptodotcom	AA	0.003681USD	5,90%	3 261 330,00IOTX	155	0.003476USD	0.003785USD
7	IOTX-USD IOTXUSD	hashkey	A	0.003660USD	4,87%	2 784 958,00IOTX	432	0.003490USD	0.003790USD
8	IOTX-HKD IOTXHKD	hashkey	A	0.02860HKD	4,76%	803 625,10IOTX	288	0.02730HKD	0.02960HKD
9	IOTX-JPY IOTXJPY	binance	AA	0.5740JPY	5,71%	367 304,00IOTX	27	0.5430JPY	0.6156JPY
10	IOTX-KRW IOTX_KRW	bithumbkorea	-	4,87KRW	5,67%	24 105 933,43IOTX	783	4,61KRW	5,00KRW
11	IOTX-USDT IOTX_USDT	bitunix	C	0.003652USDT	4,43%	19 442 429,00IOTX	6 500	0.003497USDT	0.003783USDT
12	IOTX-USDT IOTXUSDT	mexc	C	0.003649USDT	4,44%	17 754 320,05IOTX	3 473	0.003494USDT	0.004099USDT
13	IOTX-USDT iotx_usdt	xtpub	-	0.003660USDT	4,87%	17 105 278,00IOTX	1 199	0.003490USDT	0.003780USDT
14	IOTX-USDT IOTX-USDT	bingx	D	0.003650USDT	4,32%	11 847 327,64IOTX	5 930	0.003499USDT	0.003787USDT
15	IOTX-USDT IOTXUSDT	bitrue	D	0.003654USDT	4,52%	11 865 111,00IOTX	1 925	0.003496USDT	0.003785USDT
16	IOTX-USDT IOTX_USDT	bydfi	-	0.003660USDT	4,87%	10 536 521,33IOTX	1 391	0.003490USDT	0.003780USDT
17	IOTX-USDT iotx_usdt	digifinex	D	0.003690USDT	5,73%	2 825 710,00IOTX	1 595	0.003490USDT	0.003780USDT
18	IOTX-USD IOTX-USD	btse	-	0.003659USD	5,08%	1 356 705,54IOTX	3 359	0.003482USD	0.003790USD
19	IOTX-BTC BTC-IOTX	upbit	B	0.0₇5000BTC	25,00%	577 509,87IOTX	6	0.0₇4000BTC	0.0₇5000BTC
20	IOTX-USDT IOTXUSDT	binanceusa	B	0.004028USDT	0,00%	296 510,00IOTX	16	0.004028USDT	0.004032USDT
21	IOTX-IDR iotxidr	indodax	E	66,00IDR	4,76%	229 896,57IOTX	19	63,00IDR	69,00IDR
22	IOTX-THB THB_IOTX	bitkub	C	0.1250THB	5,22%	205 050,17IOTX	14	0.1188THB	0.1250THB
23	IOTX-INR IOTXINR	coindcx	-	0.3750INR	2,94%	105 813,49IOTX	34	0.3643INR	0.3878INR
24	IOTX-USDT iotxusdt	huobipro	C	0.003468USDT	0,00%	13 237,64IOTX	1	0.003468USDT	0.003468USDT
25	IOTX-USDC IOTX-USDC	btse	-	0.003644USDC	4,20%	13 465,06IOTX	762	0.003497USDC	0.003783USDC
26	IOTX-BRL IOTX-BRL	mercadobtc	C	0.01900BRL	8,04%	6 118,22IOTX	7	0.01758BRL	0.01900BRL
27	IOTX-KRW IOTX_KRW	coinone	C	5,35KRW	0,00%	0IOTX	0	5,35KRW	5,35KRW
28	IOTX-USDT IOTXUSDT	latoken	D	0.003808USDT	0,00%	0IOTX	0	0.003808USDT	0.003808USDT