IOTX

1. Project introduction

IoTeX is the auto-scalable and privacy-centric blockchain infrastructure for the Internet of Things (IoT), which brings autonomous device coordination to the masses by “connecting the physical world, block by block”. IoTeX's mission is to create an open ecosystem where humans and machines can interact with guaranteed trust, free will, and privacy. IoTeX platform uniquely combines blockchain, secure hardware confidential computing to enable trusted data from trusted devices for use in trusted Dapps. By connecting the physical and digital worlds, IoTeX hopes to democratize access to machine-backed DApps, assets, and services to deliver value to users and fuel the new machine economy.

IOTX has multiple uses with the goal of enabling trusted and transparent interactions between various entities in the IoTeX Network, including Delegates, stakeholders, product builders, service providers, and consumers. Ultimately, the IOTX coin and complementary tokenomics establish economic and reputational incentives that ensure the IoTeX Network is maintained in a decentralized fashion and “Powered by IoTeX” products are effectively serviced.

The IoTeX Network is fueled by the native IOTX token. In addition to representing fractional ownership of the IoTeX Network, IOTX has multiple uses (or “utility”) to enable trusted and transparent interactions between various stakeholders, including users, Delegates, developers, and service providers. The IOTX token is the lifeblood of the IoTeX protocol and instills economic and reputational incentives to ensure the IoTeX Network is governed/maintained in a decentralized fashion.

2. Distribution

Private Sale: 24%

Ecosystem: 18%

Foundation: 25%

Team: 15%

Mining Rewards: 12%

Community Reward: 6%