Is IoTeX (IOTX) a Good Investment?

IoTeX has created a unique and diverse ecosystem to promote an open machine economy. This vision, coupled with a solid technical foundation and the support of a dedicated and competent team, could make it an attractive investment. Additionally, IoTeX has developed and implemented a variety of middleware components that enable the operation of self-managed devices and the creation of innovative dApps.Another attractive aspect of IoTeX as an investment is its EVM-compatible blockchain. This compatibility allows for seamless integration and interoperability with other major blockchains like Ethereum, BNB Chain, and Heco. Moreover, the EVM compatibility enables EVM-based dApps to scale on IoTeX without incurring high gas fees.IoTeX has also demonstrated its ability to deliver real-world use cases. With products like Ucam and Pebble, which are already used in thousands of households and by hundreds of developers, IoTeX has proven its ability to provide solutions that meet consumer needs and developer requirements.Finally, IoTeX has a unique economic structure called "Burndrop," which causes the deflation of IOTX as the number of devices orchestrated by IoTeX increases. This structure could increase the value of IOTX over time, making it a potentially attractive investment.

What Is IoTeX Price Prediction?

Several factors could positively influence the price prediction of IoTeX (IOTX). One of these is the continuous development and implementation of new technologies and products by the IoTeX team. Additionally, the increasing adoption of IoTeX products like Ucam and Pebble and the associated increase in the use of the IoTeX blockchain could boost the value of IOTX.Moreover, IoTeX's EVM compatibility and the ability to scale EVM-based dApps without incurring high gas fees could lead more developers and businesses to choose IoTeX as a project platform. This could lead to increased demand for IOTX and drive the price upward.The unique economic structure of IoTeX, "Burndrop," which causes deflation of IOTX as the number of devices orchestrated by IoTeX increases, could also positively impact price prediction.

What Is IOTX Token Used For?

IOTX is the native cryptocurrency of the IoTeX blockchain network and has several use cases, including: Pay Transaction Fees on IoTeXUsers of the IoTeX network need to spend IOTX tokens to pay transaction fees when conducting operations on the network. These fees are essential for maintaining and securing the blockchain network.Stake IOTX TokenIOTX token holders can stake their tokens to participate in the network's consensus mechanism. By staking IOTX, users contribute to the security and operation of the network and, in return, earn IOTX rewards. These rewards are collected from gas fees and are redistributed to participants who actively stake their tokens.Governance of IoTeX Network Holders of IOTX tokens can participate in network governance by staking their tokens. It allows them to have voting power in decision-making processes related to the development and future direction of the IoTeX network.Native dApp Development Developers can utilize IOTX tokens to power their smart contracts, build dApps, and create new tokens on the IoTeX multi-chain platform. The IOTX token plays a crucial role in facilitating the development and functioning of various applications within the IoTeX ecosystem.Trade or Hold IOTX Long-term Trade IoTeX token on the KuCoin Spot Market or other platforms to make the most of changing market conditions and volatility. Buy or sell IOTX or hold the token long-term if you believe in the future potential of the IoTeX project. Conduct thorough research before making any new investment decisions in the crypto market.

What Is IoTeX Tokenomics?

In 2023, the circulating supply of IOTX was 9,446,641,822 IOTX tokens. The tokens are used as gas for transactions on the IoTeX blockchain and govern the underlying blockchain protocol.The security of the network and the addition of new blocks to the blockchain are ensured through a Delegated Proof-of-Stake system. The votes of stakeholders select Block producers and receive rewards for their work, which they can pass on to the stakeholders who voted for them. This creates incentives for both the block producers and the stakeholders.A unique feature of IoTeX's tokenomics is the "Burndrop" system. In this system, the increasing number of devices orchestrated by IoTeX leads to the deflation of IOTX. This economic design aims to increase the value of IOTX over time.

How to Buy IoTeX (IOTX)

Price of IoTeX (24h)$0.0593509799545196

-2.54%

Real-Time IOTX Rate Converter

Interested in buying IoTeX (IOTX) or exploring other cryptocurrencies? This is the right place for you! KuCoin offers safe and easy ways to let you buy IoTeX (IOTX) instantly wherever you are! Check out all the ways you can buy IOTX on KuCoin.

Buy IoTeX (IOTX) on KuCoin in Four Simple Steps

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Sign up on KuCoin with your email address/mobile phone number and country of residence, and create a strong password to secure your account.

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Buy IoTeX (IOTX)

Use a variety of payment options to buy IoTeX on KuCoin. We'll show you how.

Choose How You Want to Buy IoTeX on KuCoin

Buying cryptocurrencies is easy and intuitive on KuCoin. Let's explore the different ways of buying IoTeX (IOTX).

Buy IoTeX (IOTX) with crypto on the KuCoin Spot Market

With support for 700+ digital assets, the KuCoin spot market is the most popular place to buy IoTeX (IOTX). Here's how to buy:

1. Buy stablecoins such as USDT on KuCoin using the Fast Trade service, P2P, or through third-party sellers. Alternatively, transfer your current crypto holdings from another wallet or trading platform to KuCoin. Make sure your blockchain network is correct, since depositing crypto to the wrong address may result in loss of assets.

2. Transfer your crypto to a KuCoin Trading Account. Find your desired IoTeX (IOTX) trading pairs in the KuCoin spot market. Place an order to exchange your existing crypto for IoTeX (IOTX).

Tip: KuCoin offers a variety of order types to buy IoTeX (IOTX) in the spot market, such as market orders for instant purchases and limit orders for buying crypto at a specified price. For more information about order types on KuCoin, click here.

3. As soon as your order is successfully executed, you will be able to see your available IoTeX (IOTX) in your Trading Account.

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How to Store IoTeX (IOTX)

The best way to store IoTeX (IOTX) varies based on your needs and preferences. Review the pros and cons to find the best method of storing IoTeX (IOTX).

Store IoTeX in Your KuCoin Account

Holding your crypto in your KuCoin account provides quick access to trading products, such as spot and futures trading, staking, lending, and more. KuCoin serves as the custodian of your crypto assets to help you avoid the hassle of securing your private keys on your own. Make sure to set up a strong password and upgrade your security settings to prevent malicious actors from accessing your funds.

Hold Your IoTeX in Non-Custodial Wallets

"Not your keys, not your coins" is a widely recognized rule in the crypto community. If security is your top concern, you can withdraw your IoTeX (IOTX) to a non-custodial wallet. Storing IoTeX (IOTX) in a non-custodial or self-custodial wallet grants you complete control over your private keys. You can use any type of wallet, including hardware wallets, Web3 wallets, or paper wallets. Note that this option may be less convenient if you wish to trade your IoTeX (IOTX) frequently or put your assets to work. Be sure to store your private keys in a secure location as losing them may result in the permanent loss of your IoTeX (IOTX).

What Can You Do with IoTeX (IOTX) on KuCoin?

Hold

Store your IoTeX (IOTX) in your KuCoin account.

Trade

Trade IoTeX (IOTX) in the spot and futures markets.

Earn

Earn passive income by staking or lending IoTeX (IOTX).

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Our regular Proof of Reserves (PoR) mechanism ensures that customer funds are backed by 1:1 real assets. KuCoin was named one of the Best Crypto Exchanges by Forbes in 2021 and selected by Ascent as the Best Crypto App in 2022.

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KuCoin supports more than 700 cryptocurrencies and is the best place to find the next crypto gem. Buy IoTeX and trade it against various digital assets on KuCoin.

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FAQ

Is Oasis Network (ROSE) a Good Investment?

The unique combination of secure computing techniques and consensus mechanisms makes Oasis Network an attractive investment for those interested in privacy-friendly DeFi solutions. The platform's ability to execute confidential smart contracts and protect user data while enabling interoperability with other blockchain networks is a significant advantage over other blockchain platforms.

Furthermore, the platform's partnerships with industry leaders such as Chainlink and Binance and its growing developer community suggest significant potential for future growth and adoption. The more DeFi applications developed on the Oasis Network, the greater the demand for ROSE tokens will likely be, driving up the Oasis Network price.

What Is Oasis Network Price Prediction?

Several factors could positively impact the ROSE price in the coming years. Firstly, the growing demand for privacy-friendly DeFi solutions will likely attract more developers and users to the Oasis Network, increasing the demand for ROSE tokens.

Additionally, the platform's interoperability with other blockchain networks and partnerships with industry leaders position it well to benefit from future developments in the blockchain industry. As the overall market for blockchain and DeFi continues to grow, the price of Oasis Network token may rise accordingly.

The platform's unique approach to consensus and secure computing makes it less susceptible to hacks and exploits than other blockchain networks. This increased security could strengthen investor confidence in the platform, increase demand for ROSE tokens, and positively impact the ROSE price statistics.

What Are Oasis Network’s Tokenomics?

Oasis Network has a fixed supply of 10 billion ROSE tokens, with roughly 30% of the coins allocated to the team, advisors, and early investors. The remaining coins will be released over time through network rewards and staking incentives.

The platform's tokenomics includes a fee-sharing mechanism where a portion of the transaction fees collected on the network is distributed to stakers and validators. This incentivizes users to stake their ROSE coins and participate in network management.

Additionally, Oasis Network has introduced a "token burn" mechanism where a portion of the transaction fees collected on the network is used to repurchase and burn ROSE coins. This reduces the overall supply of ROSE tokens in circulation, which could positively impact the value of the Oasis Network token.

How to Stake Oasis Network (ROSE)

To stake ROSE tokens on the Oasis Network, you must first have a wallet that supports the network's native token. You can then delegate your $ROSE tokens to a validator node on the network, which is rewarded for validating transactions and securing the network.

Validators on the Oasis Network must have a minimum stake of 10,000 ROSE coins. If you wish to delegate your $ROSE crypto to a validator, it’s possible to earn between 5% and 20% annually, depending on the validator's performance.

Who Are Oasis Network’s Partners?

Oasis Network has partnered with several well-known blockchain companies, including Chainlink, Binance, and Nervos Network. These partnerships have helped promote the platform's acceptance and increase its visibility in the blockchain community.

For example, Chainlink provides secure and reliable oracle solutions for Oasis Network, enabling developers to create more secure and reliable dApps. Additionally, Binance and KuCoin have listed ROSE on their exchanges, making it accessible to traders and investors worldwide.

In addition to these partnerships, Oasis Network has a growing developer community. It has attracted the attention of entrepreneurs and investors interested in developing and investing in privacy-friendly DeFi solutions.

IoTeX (IOTX) Price Analysis

Live Price

The live price of IOTX is 0.05853 USD, representing an increase of 1.01% in the past 7 days and -2.54% decrease in the past 24 hours.

Historical Trends

The all-time high of IOTX was 0.26109 USD on 11-13, 2021, from which the coin is now down -77.58%.
The all-time low of IOTX was 0.00123 USD, from which the coin is now up 97.88%.

ATL$ 0.00123

ATH$ 0.26109

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Disclaimer

Given the nature of the crypto market, the price of IoTeX (IOTX) is subject to high market risk and price volatility. We recommend you invest in digital assets only after you understand how they work and their associated risks. Other factors to consider when devising your crypto investment strategy include your experience level, financial situation, investment objectives, and risk tolerance. You could also consult an independent financial advisor before buying cryptocurrencies. The above information is not financial advice, and past performance is not a reliable indicator of how the market will fare in the future. The value of your investments and assets may rise or fall based on market conditions, and there is no guarantee that you will get back the amount you invest or profit from your investments. Your investment decisions are your sole responsibility, and KuCoin is not responsible for any losses you may incur when you buy crypto on its platform. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information is provided to you solely for informational purposes and is not warranted by KuCoin.