After IoTeX exploded in price rising over 74% in a single day, many investors might be wondering what all the hype is about. Let’s go over some of the most common questions people have about IoTeX.

IOTX Is an ERC-20 Ethereum token that’s used to power the IoTeX Network.

IoTeX is the auto-scalable and privacy-centric blockchain infrastructure for IoT. The project claims to be the fastest, most secure, and most scalable blockchain platform on the market.

“IoTex is on a mission to build a connected world where people will own their own data, devices and Identity”

To find out more about the platform, check out their youtube video:

IoTeX can be used for a variety of reasons, including but no limited to: paying for transactions, staking, adding new IoT devices to the network, and governance.

Yes, IoTeX is an ERC-20 token that’s build on the Ethereum Blockchain. You can find its address and track it on Etherscan:

Yes, IoTeX is a “Proof-of-Stake” token meaning you can stake it to earn rewards. For more info about staking and how to stake IoTeX check out their official staking page.

There is a max supply of 10,000,000,000 IOTX coins and a circulating supply of 9,549,779,324 IOTX.

1. Open an account on an exchange that has listed IOTX

2. Deposit funds into your account

3. Buy IOTX

Yes, you can purchase IOTX on Coinbase Pro using USD, USDT, EUR or BTC.

IoTeX was added to the Coinbase Exchange on Tuesday, August 10th 2021. The following trading pairs were added for $IOTX:

Yes, IoTeX is currently listed on Binance and you can purchase it via:

Follow us on twitter @nulltxnews to stay up to date with the latest cryptocurrency news!

Originally Published on The VR Soldier

The post 9 Random Questions About IoTeX Answered appeared first on NullTX.

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