iotex LOGO
IoTeX
IOTX
$0.04

Sector

IoT

Exchange Debut

2018-05-25

Market Cap

378,789,788

Maxim Supply

9,496,266,827

Circulating Supply

9,447,874,635

Circ. Supply(%)

99.49%
iotex LOGO

IoTeX

IOTX

Price

$0.04

Market Cap

Sector

Exchange Debut

378,789,788
2018-05-25

Volume 24h

High 24h

Low 24h

11637109
0.040656428483
0.038583968066

Change 24h

Change 7d

Change 30d

-1.1825
-23.6187
-24.7311

Maxim supply

Circulating supply

Circulating supply(%)

9,496,266,827
9,447,874,635
99.49%

The opinion of artificial intelligence (AI), based on the fundamental analysis of the IoTeX – IOTX cryptocurrency:

 

IoTeX (IOTX) emerges as a significant player in the blockchain space, dedicated to creating an open ecosystem for machine economics. Launched in 2017, IoTeX’s decentralized platform stands out with its unique goal of ensuring trusted interaction between humans and machines. The fundamental analysis of the IoTeX-IOTX cryptocurrency reveals a solid overall score of 7.67 out of 10, reflecting its robust framework, dedicated team, and growing influence in the crypto world. This analysis delves into various aspects, from social media presence to ecosystem development, offering insights into the project’s strengths and areas for improvement.

SOCIAL & MASS MEDIA: Score 7.2 out of 10

The social and media aspect of IoTeX scores a 7.2, showing strong presence and engagement. Its ability to attract followers is exceptional, scoring a perfect 10, indicative of a growing and engaged community. However, the lower activity of social media administrators and community activity on social pages, scoring 5 and 3 respectively, suggest areas for improvement. The presence in media and size of chat group communities are notable strengths, further enhancing its visibility.

AUDIT & SECURITY: Score 8.55 out of 10

Audit and security are crucial for any cryptocurrency, and IoTeX scores an impressive 8.55 in this domain. The high audit score of 9 reflects a strong commitment to security, complemented by a good level of transparency and satisfactory liquidity on exchanges. This indicates a reliable and secure platform, instilling confidence in users and investors alike.

TOKENOMICS: Score 6.95 out of 10

The token economy of IoTeX, with a score of 6.95, shows a balanced approach. The high score of 9 for inflationary aspects suggests effective management of token supply, though the centralization of monetary mass, scoring only 4, points to potential concerns in distribution and control.

ECOSYSTEM DEVELOPMENT: Score 8.44 out of 10

IoTeX’s ecosystem development scores a strong 8.44, reflecting its commitment to growth and innovation. Achievements in line with objectives and plans for future developments both score above 8, indicating a forward-looking approach and potential for continuous improvement.

TEAM & DEVELOPERS: Score 8.2 out of 10

The team behind IoTeX is a key strength, scoring an 8.2. With experienced professionals and a high number of software developers, reflected in scores of 8 and 9 respectively, the team demonstrates capability and expertise, crucial for driving the project’s success.

PRODUCT & UTILITY: Score 7.1 out of 10

In terms of product and utility, IoTeX scores 7.1. The utility of the product is highly rated at 8.5, showing its relevance and effectiveness. However, the utility of tokens within the ecosystem, scoring 5, suggests the need for better integration and usage of tokens.

PARTNERS & INVESTORS: Score 7.6 out of 10

Partnerships and investors are vital for any crypto project, and IoTeX scores a respectable 7.6. The number and capacity of investors, scoring 7, and quality of partners, scoring 8.2, demonstrate robust support and strong alliances, which are instrumental for growth and stability.

Fundamental analysis of the IoTeX – IOTX cryptocurrency – The final conclusion

In conclusion, the fundamental analysis of the IoTeX-IOTX cryptocurrency reveals a project with significant strengths and promising potential. Its overall score of 7.67 reflects a well-rounded and robust platform. The high scores in ecosystem development and team expertise highlight its forward-thinking approach and capable leadership. However, there are areas for improvement, particularly in community engagement and token utility within the ecosystem. The risk analysis suggests a relatively stable investment opportunity, with ongoing developments and partnerships likely to enhance its future prospects. As IoTeX continues to evolve, it remains a noteworthy project in the crypto landscape, with a clear vision for integrating machines into the economic ecosystem.

What is IoTeX?

 

IoTeX, initiated in 2017, is a decentralized platform focusing on facilitating an open economy for machines. It allows seamless interaction between humans and machines with ensured trust, autonomy, and economically sound incentives. Developed by a global team of over 40 research scientists and engineers, IoTeX’s mainstay is its EVM-compatible blockchain. This innovative blockchain, built from scratch and utilizing the Roll-DPoS consensus, was launched in April 2019. It is maintained by more than 100 delegates globally and has processed over 10 million transactions.

Technological Infrastructure and Applications

The platform’s infrastructure includes crucial components for interoperability with major blockchains like Ethereum, BSC, and Heco. Tools such as the ioPay wallet and the ioTube bridge are integral to this system, catering to thousands of users. IoTeX’s technology also addresses the high gas fees issue prevalent in EVM-based DApps, offering a scalable solution. Furthermore, middleware technologies like Decentralized Identity, Confidential Computing, and Secure Hardware have been integrated, enabling unique applications. These include self-sovereign devices like Ucam, and data oracles such as Pebble, which bridge the gap between the physical and crypto worlds.

Founding Team and Vision

The founding team of IoTeX comprises Raullen Chai, Qevan Guo, Xinxin Fan, and Jing Sun, each bringing diverse expertise from previous high-profile roles. Their collective vision has propelled IoTeX to be a foundational layer for machine economics, extending from smart home devices to autonomous vehicles.

Unique Aspects and Security

IoTeX’s uniqueness lies in its high-performance blockchain, tailored for a wide range of applications. The native coin, IOTX, governs the blockchain protocol and acts as fuel for transactions. The innovative Burndrop mechanism introduces a deflationary aspect to IOTX, aligned with the growth in the number of devices in the network. Security is paramount, with measures like ring signatures and a reliable payment code to protect privacy. The network’s integrity is maintained through a delegated proof-of-stake system, ensuring secure and efficient block production.

Fundamental analysis of the IoTeX - IOTX cryptocurrency

IoTeX - IOTX performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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