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	0.002895USDT	0.91%	88,756,518.00IOTX	2,966	0.002869USDT	0.002949USDT
2	IOTX-USDT IOTX_USDT	whitebit	BB	0.002898USDT	0.80%	14,912,737.40IOTX	6,598	0.002875USDT	0.002951USDT
3	IOTX-USDT IOTX_USDT	gateio	A	0.002887USDT	0.59%	6,604,639.00IOTX	468	0.002870USDT	0.002947USDT
4	IOTX-USDT IOTX-USDT	kucoin	BB	0.002892USDT	1.15%	4,710,926.65IOTX	423	0.002859USDT	0.002944USDT
5	IOTX-USD IOTXUSD	hashkey	A	0.002880USD	0.70%	2,067,357.00IOTX	365	0.002860USD	0.002930USD
6	IOTX-USDC IOTX_USDC	whitebit	BB	0.002881USDC	2.64%	1,935,360.34IOTX	216	0.002807USDC	0.002943USDC
7	IOTX-JPY IOTXJPY	binance	AA	0.4552JPY	-2.86%	1,264,778.00IOTX	33	0.4686JPY	0.4792JPY
8	IOTX-USD IOTX_USD	cryptodotcom	AA	0.002874USD	0.91%	1,259,590.00IOTX	180	0.002848USD	0.002949USD
9	IOTX-HKD IOTXHKD	hashkey	A	0.02270HKD	0.89%	990,957.40IOTX	278	0.02250HKD	0.02320HKD
10	IOTX-USDT iotx_usdt	xtpub	-	0.002900USDT	1.05%	33,175,383.00IOTX	2,180	0.002870USDT	0.002950USDT
11	IOTX-KRW IOTX_KRW	bithumbkorea	-	3.95KRW	1.91%	32,678,617.14IOTX	330	3.88KRW	4.05KRW
12	IOTX-USDT IOTX_USDT	bitunix	C	0.002894USDT	0.80%	23,949,816.00IOTX	6,158	0.002871USDT	0.002949USDT
13	IOTX-USDT IOTXUSDT	mexc	C	0.002894USDT	0.66%	23,220,589.41IOTX	3,039	0.002875USDT	0.002949USDT
14	IOTX-USDT IOTXUSDT	bitrue	D	0.002891USDT	0.80%	13,389,569.00IOTX	1,416	0.002868USDT	0.002949USDT
15	IOTX-USDT IOTX-USDT	bingx	D	0.002892USDT	0.59%	12,969,779.97IOTX	5,282	0.002875USDT	0.002950USDT
16	IOTX-USDT IOTX_USDT	bydfi	-	0.002890USDT	0.70%	10,601,807.75IOTX	1,246	0.002870USDT	0.002950USDT
17	IOTX-USD IOTX-USD	btse	-	0.002898USD	0.66%	4,536,589.30IOTX	7,943	0.002879USD	0.002952USD
18	IOTX-USDT iotx_usdt	digifinex	D	0.002890USDT	1.05%	2,841,141.00IOTX	1,672	0.002860USDT	0.002950USDT
19	IOTX-USDT IOTXUSDT	coinex	C	0.002853USDT	-0.28%	645,846.61IOTX	8,476	0.002861USDT	0.003011USDT
20	IOTX-IDR iotxidr	indodax	E	51.00IDR	4.08%	593,226.61IOTX	29	49.00IDR	53.00IDR
21	IOTX-INR IOTXINR	coindcx	-	0.2919INR	6.21%	260,745.00IOTX	31	0.2749INR	0.2986INR
22	IOTX-BTC BTC-IOTX	upbit	B	0.0₇4000BTC	0.00%	178,271.99IOTX	6	0.0₇4000BTC	0.0₇4000BTC
23	IOTX-USDT iotxusdt	huobipro	C	0.003025USDT	2.02%	3,305.79IOTX	1	0.002965USDT	0.003025USDT
24	IOTX-THB THB_IOTX	bitkub	C	0.1287THB	-12.21%	98,957.59IOTX	33	0.1466THB	0.1466THB
25	IOTX-USDC IOTX-USDC	btse	-	0.002898USDC	0.76%	40,257.12IOTX	808	0.002876USDC	0.002948USDC
26	IOTX-USDT IOTXUSDT	binanceusa	B	0.003296USDT	-47.51%	19,604.00IOTX	7	0.006279USDT	0.006279USDT
27	IOTX-KRW IOTX_KRW	coinone	C	6.82KRW	0.00%	0IOTX	0	6.82KRW	6.82KRW
28	IOTX-BRL IOTX-BRL	mercadobtc	C	0.01780BRL	0.62%	507.73IOTX	1	0.01770BRL	0.01780BRL
29	IOTX-USDT IOTXUSDT	latoken	D	0.003094USDT	0.00%	0IOTX	0	0.003094USDT	0.003094USDT