IoTeX company info

What does IoTeX do?
IoTeX (CRYPTO:IOTX) stands as a decentralized network bridging the physical world and blockchain technology. Its primary function is to provide a secure and scalable infrastructure for creating and deploying Internet of Things (IoT) devices and applications. Notably, IoTeX employs a proof-of-stake (PoS) consensus mechanism, ensuring energy efficiency and scalability compared to traditional proof-of-work (PoW) blockchains. The innovative aspect of IoTeX is its utilization of the Roll-DPoS consensus mechanism, combining elements of delegated proof-of-stake (DPoS) and rollup technology. This blend enables IoTeX to process transactions swiftly and efficiently while maintaining a high level of security. Within the IoTeX ecosystem, several projects have emerged. IoT devices, including smart home gadgets, wearables, and industrial sensors, leverage IoTeX's capabilities. IoT applications, such as supply chain management, asset tracking, and environmental monitoring, benefit from the network's infrastructure. Additionally, IoTeX empowers Web3 applications like decentralized exchanges, lending platforms, and NFT marketplaces. IoTeX's overarching goals encompass streamlining IoT device and application development for developers, furnishing a secure and scalable foundation for IoT and Web3 applications, and seamlessly integrating the physical world with the blockchain. This promising project, backed by a strong team and a burgeoning community, positions itself as a significant player in the future of IoT and Web3 technologies.
IoTeX company media
Company Snapshot

How many people does IoTeX employ?

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Employees
120

What is the market cap for IoTeX?

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Market Cap
$463.29M

Where is the head office for IoTeX?

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Head Office
Mountain View, CA

What year was IoTeX founded?

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Year Founded
2017
What does IoTeX specialise in?
/BNB Chain /Distributed Computing /Hashkey Capital Portfolio /IoT /IoTeX Ecosystem /Kenetic Capital Portfolio /Platform

What are the products and/or services of IoTeX?

Overview of IoTeX offerings
Application development: IoTeX provides tools and services for developing IoT and Web3 applications, such as smart contracts, oracles, and decentralized storage.
Blockchain infrastructure: IoTeX provides a secure and scalable blockchain infrastructure for building and deploying IoT devices and applications.
Data management: IoTeX provides tools and services for managing data from IoT devices, such as data storage, data processing, and data analytics.
Device management: IoTeX provides tools and services for managing IoT devices, such as device onboarding, firmware updates, and security patching.
Ecosystem development: IoTeX provides resources and support for developers who are building on the IoTeX platform.
Enterprise solutions: IoTeX provides custom solutions for enterprises that are looking to integrate blockchain technology into their operations.
IoTeX is a versatile platform that offers a variety of services to developers and enterprises. It is a leading player in the IoT and Web3 ecosystems.