iotex
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Messari released the Q1 report for #IoTeX , key points👇
1️⃣ Launched #Quicksilver, enabling #Aiagent to interact with DePIN data, connecting the digital world and the physical world
2️⃣ IoTeX protocol (L1+ioID+Dex) revenue 7.6 million tokens $IOTX
3️⃣ Collaborated with GEODNET and Nubila Network to introduce #ioID for dual mining
4️⃣ #ioID holders increased by 80%, the number of ioID device identities increased by 53%, and 40% of $IOTX tokens were staked
1️⃣ Launched #Quicksilver, enabling #Aiagent to interact with DePIN data, connecting the digital world and the physical world
2️⃣ IoTeX protocol (L1+ioID+Dex) revenue 7.6 million tokens $IOTX
3️⃣ Collaborated with GEODNET and Nubila Network to introduce #ioID for dual mining
4️⃣ #ioID holders increased by 80%, the number of ioID device identities increased by 53%, and 40% of $IOTX tokens were staked
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📣 2025.4.21 #DePIN Track Insights (#IoTeX Ecosystem Weekly Report) 📣
1️⃣ #Quicksilver Development Progress: Storage V2 architecture optimization, new API endpoints development, performance optimization, and testing.
2️⃣ enviroBLOQ has now distributed 1.8 million IOTX token rewards to Pebble data providers.
3️⃣ Drop Wireless has 819 devices on the blockchain.
4️⃣ Nubila Network has 32,093 devices on the blockchain.
5️⃣ Qualoo Network has 21,031 devices on the blockchain.
6️⃣ Inferix has launched SharedMine, where users can receive token rewards and notifications by logging into their Google accounts.
7️⃣ #ioID has integrated 20 projects with a total of 11,680 devices activated, accumulating a revenue of 1,167,500 tokens $IOTX
1️⃣ #Quicksilver Development Progress: Storage V2 architecture optimization, new API endpoints development, performance optimization, and testing.
2️⃣ enviroBLOQ has now distributed 1.8 million IOTX token rewards to Pebble data providers.
3️⃣ Drop Wireless has 819 devices on the blockchain.
4️⃣ Nubila Network has 32,093 devices on the blockchain.
5️⃣ Qualoo Network has 21,031 devices on the blockchain.
6️⃣ Inferix has launched SharedMine, where users can receive token rewards and notifications by logging into their Google accounts.
7️⃣ #ioID has integrated 20 projects with a total of 11,680 devices activated, accumulating a revenue of 1,167,500 tokens $IOTX
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📣 2024.8.5 #depin Track Insight (#iotex Ecological Weekly Report)📣
1️⃣ Network3's global node number exceeds 260k, and physical mining machines are about to be launched. Users can get tokens and points rewards by purchasing and participating in physical mining.
2️⃣ Loxodrome has reached a cooperation with Cluster Protocol to enhance the liquidity of tokens.
3️⃣ WatchX has reached cooperation with GM Bear in payment, promotion, and improving user experience.
4️⃣ Quenta launched the OG Pass event, and participants have the opportunity to get free Mint.
5️⃣ The enviroBLOQ network has 671 active devices in 42 countries around the world.
6️⃣ The Inferix GPU network has 1528 nodes to provide decentralized rendering services.
7️⃣ There are 26,957 IoTeX network chain devices, and#w3bstreamhas 40 DePIN projects integrated with a total of 2,758,454 devices.
$IOTX
1️⃣ Network3's global node number exceeds 260k, and physical mining machines are about to be launched. Users can get tokens and points rewards by purchasing and participating in physical mining.
2️⃣ Loxodrome has reached a cooperation with Cluster Protocol to enhance the liquidity of tokens.
3️⃣ WatchX has reached cooperation with GM Bear in payment, promotion, and improving user experience.
4️⃣ Quenta launched the OG Pass event, and participants have the opportunity to get free Mint.
5️⃣ The enviroBLOQ network has 671 active devices in 42 countries around the world.
6️⃣ The Inferix GPU network has 1528 nodes to provide decentralized rendering services.
7️⃣ There are 26,957 IoTeX network chain devices, and#w3bstreamhas 40 DePIN projects integrated with a total of 2,758,454 devices.
$IOTX
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📣 2023.12.4 #depin Track Insight (Weekly Report) 📣
1️⃣ #iotex released #depin Liquidity Center, founding members include: GEODNET, DIMO, XNET, Drop Wireless, WiFi Map, Wicrypt.
2️⃣ Helium Mobile becomes the official wireless sponsor of the Miami Hurricanes and plans to offer activations and giveaways to University of Miami fans.
3️⃣ GEODNET and Deep Sand have entered into a partnership to provide improved #rkt coverage and low-cost services to US customers.
4️⃣ Karrier One has integrated decentralized off-chain computing infrastructure w3bstream and DePINscan. Karrier One is a decentralized telecommunications infrastructure mobile network.
5️⃣ Wicrypt plans to expand to Arbitrum to expand network service scope and user base.
$IOTX
1️⃣ #iotex released #depin Liquidity Center, founding members include: GEODNET, DIMO, XNET, Drop Wireless, WiFi Map, Wicrypt.
2️⃣ Helium Mobile becomes the official wireless sponsor of the Miami Hurricanes and plans to offer activations and giveaways to University of Miami fans.
3️⃣ GEODNET and Deep Sand have entered into a partnership to provide improved #rkt coverage and low-cost services to US customers.
4️⃣ Karrier One has integrated decentralized off-chain computing infrastructure w3bstream and DePINscan. Karrier One is a decentralized telecommunications infrastructure mobile network.
5️⃣ Wicrypt plans to expand to Arbitrum to expand network service scope and user base.
$IOTX
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📣 2023.12.18 #depin Track Insight (Weekly Report) 📣
1️⃣ #iotex and Future MoneyGroup launch $5 million DePIN accelerator to cultivate DePIN, AI and real-world Web3 startups.
2️⃣ DIMO has reached a cooperation with CosmosIoT, an Internet of Things solution company, to provide hardware sales services to Dutch users.
3️⃣ Helium has now become the highest-grossing project on the Solana network.
4️⃣ Solana Pay now supports users to purchase Hivemapper driving recorders.
5️⃣ GEODNET has reached a cooperation with Deep Sand Technology to provide affordable precision agriculture RTK services to rural areas in North America.
6️⃣ Hotspotty launches DePIN Hub to provide users with various indicators of the DePIN project, research articles and other information.
$IOTX
1️⃣ #iotex and Future MoneyGroup launch $5 million DePIN accelerator to cultivate DePIN, AI and real-world Web3 startups.
2️⃣ DIMO has reached a cooperation with CosmosIoT, an Internet of Things solution company, to provide hardware sales services to Dutch users.
3️⃣ Helium has now become the highest-grossing project on the Solana network.
4️⃣ Solana Pay now supports users to purchase Hivemapper driving recorders.
5️⃣ GEODNET has reached a cooperation with Deep Sand Technology to provide affordable precision agriculture RTK services to rural areas in North America.
6️⃣ Hotspotty launches DePIN Hub to provide users with various indicators of the DePIN project, research articles and other information.
$IOTX
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📣 2024.4.29 #depin Track Insights (#iotex Ecological Weekly Report)📣
1️⃣ Inferix GPU has reached a cooperation with CUDOS, and will use CUDO Compute virtual machines to deploy rendering workers to accelerate the entry into the formal production stage.
2️⃣ The number of active nodes in the Network3 network is 130,748. Participants can now get points to go on the mainnet in Q2.
3️⃣ enviroBLOQ has distributed more than 3 million IOTX tokens to node stakers and data providers.
4️⃣ Streamr Network has reached a cooperation with PowerPod to build a decentralized and transparent electric vehicle charging network.
5️⃣ Drop Wireless has cooperated with Switch Electric to develop smart meters based on the LoRaWAN network.
6️⃣ Wayru held a Giveaway event, and participants have the opportunity to win OG Genesis devices.
7️⃣ There are 24,940 IoTeX network chain devices, and#w3bstreamhas 37 DePIN projects integrated with a total of 1,647,381 devices.
$IOTX 🐐
1️⃣ Inferix GPU has reached a cooperation with CUDOS, and will use CUDO Compute virtual machines to deploy rendering workers to accelerate the entry into the formal production stage.
2️⃣ The number of active nodes in the Network3 network is 130,748. Participants can now get points to go on the mainnet in Q2.
3️⃣ enviroBLOQ has distributed more than 3 million IOTX tokens to node stakers and data providers.
4️⃣ Streamr Network has reached a cooperation with PowerPod to build a decentralized and transparent electric vehicle charging network.
5️⃣ Drop Wireless has cooperated with Switch Electric to develop smart meters based on the LoRaWAN network.
6️⃣ Wayru held a Giveaway event, and participants have the opportunity to win OG Genesis devices.
7️⃣ There are 24,940 IoTeX network chain devices, and#w3bstreamhas 37 DePIN projects integrated with a total of 1,647,381 devices.
$IOTX 🐐
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📣 2024.4.29 #depin Track Insights (#iotex Ecological Weekly Report)📣
1️⃣ Inferix GPU successfully held the first Vietnam DePIN Meetup, and the network reached 1195 nodes.
2️⃣ Network3 has 123679 active nodes. Participating now can get points and plan to go to the mainnet in Q2.
3️⃣ The enviroBLOQ network has 406 active devices, and pebble holders can contribute data to get IOTX token rewards.
4️⃣ Loxodrome is the first dex focusing on DePIN, and is now available on the Math DApp Store.
5️⃣ DePINSurf will hold a Demo Day on April 30, with seven AI and DePIN projects making their debut.
6️⃣ Magma Protocol is a collateral stablecoin protocol, which has been included in the stablecoin module of DefiLlama.
7️⃣ SwitchElectric implements the first smart meter that can sell solar energy to neighbors or businesses (power as a service).
8️⃣ IoTeX network has 24,796 devices on the chain, and#w3bstreamhas 37 DePIN projects integrating a total of 1,635,673 devices.
$IOTX 🐐
1️⃣ Inferix GPU successfully held the first Vietnam DePIN Meetup, and the network reached 1195 nodes.
2️⃣ Network3 has 123679 active nodes. Participating now can get points and plan to go to the mainnet in Q2.
3️⃣ The enviroBLOQ network has 406 active devices, and pebble holders can contribute data to get IOTX token rewards.
4️⃣ Loxodrome is the first dex focusing on DePIN, and is now available on the Math DApp Store.
5️⃣ DePINSurf will hold a Demo Day on April 30, with seven AI and DePIN projects making their debut.
6️⃣ Magma Protocol is a collateral stablecoin protocol, which has been included in the stablecoin module of DefiLlama.
7️⃣ SwitchElectric implements the first smart meter that can sell solar energy to neighbors or businesses (power as a service).
8️⃣ IoTeX network has 24,796 devices on the chain, and#w3bstreamhas 37 DePIN projects integrating a total of 1,635,673 devices.
$IOTX 🐐
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🎉 #iotex has now been officially upgraded to a modular #depin open platform.
🎉 At the same time, the#IoTeX2.0 white paper was released. The new white paper details the composable modules, unified trust layer and new token economics, and plans to connect 100 million devices and unlock trillions of dollars in value in the next 3-5 years.
Highlights of this upgrade👇
1️⃣ $IOTX will become the base currency of the entire DePIN ecosystem. All parties in the ecosystem need to stake IOTX tokens to participate in IoTeX, and the value of the entire ecosystem will be captured by $IOTX .
2️⃣ Open the entire ecosystem, allowing all#DePINinfrastructure modules to join the DePIN ecosystem in the form of DIM, and provide services to#DePINprojects/users in the ecosystem by staking $IOTX , thereby increasing the IOTX staking rate and transaction volume, and promoting ecological prosperity.
3️⃣ Through MSP, restaking is introduced to bridge the security of#IoTeXto DIM service providers, adding a layer of income for Restakers, with an APR of up to 20%.#IoTeXwill provide a unified trust layer to the DePIN ecosystem, and MSP will be open to other L1s (BTC/ETH/Solana) in the future.
4️⃣ The token model introduces multiple forms of destruction mechanisms. For example, a device registering an ioID requires the destruction of a certain number of $IOTX tokens. In the future, the mainnet will also be upgraded to EIP-1599 to introduce gas destruction. The overall balance can be achieved until deflation, which is a healthy and robust token model.
🎉 At the same time, the#IoTeX2.0 white paper was released. The new white paper details the composable modules, unified trust layer and new token economics, and plans to connect 100 million devices and unlock trillions of dollars in value in the next 3-5 years.
Highlights of this upgrade👇
1️⃣ $IOTX will become the base currency of the entire DePIN ecosystem. All parties in the ecosystem need to stake IOTX tokens to participate in IoTeX, and the value of the entire ecosystem will be captured by $IOTX .
2️⃣ Open the entire ecosystem, allowing all#DePINinfrastructure modules to join the DePIN ecosystem in the form of DIM, and provide services to#DePINprojects/users in the ecosystem by staking $IOTX , thereby increasing the IOTX staking rate and transaction volume, and promoting ecological prosperity.
3️⃣ Through MSP, restaking is introduced to bridge the security of#IoTeXto DIM service providers, adding a layer of income for Restakers, with an APR of up to 20%.#IoTeXwill provide a unified trust layer to the DePIN ecosystem, and MSP will be open to other L1s (BTC/ETH/Solana) in the future.
4️⃣ The token model introduces multiple forms of destruction mechanisms. For example, a device registering an ioID requires the destruction of a certain number of $IOTX tokens. In the future, the mainnet will also be upgraded to EIP-1599 to introduce gas destruction. The overall balance can be achieved until deflation, which is a healthy and robust token model.
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#iotex initiated a new proposal:
Btc is the largest depin project, and the motivation for iotex's proposal is twofold. First, by connecting Bitcoin to IoTeX, we aim to significantly increase the total value locked (TVL) of IoTeX by leveraging the massive assets in the Bitcoin market.
The initiative aims to enhance the attractiveness and functionality of the IoTeX ecosystem for IoTeX users, while indirectly allowing Bitcoin users to participate in the development of the DEPIN project and ecosystem. By doing so, it attempts to significantly increase the liquidity of these projects. The IoTeX network is identified as one of its key roles as a fundamental hub for DEPIN project liquidity.
Second, Bitcoin’s limited programmability and lack of open source bridging solutions pose unique challenges that require the development of custom solutions. This work will not only provide IoTeX with a direct link to the Bitcoin market, but will also demonstrate our ability to innovate and expand blockchain functionality.
example:
An example transaction connecting Satoshi between the Bitcoin testnet and the IoTeX testnet is provided to illustrate the functionality of this bridge:
600 satoshis bridged from Bitcoin testnet to iotex testnet
200 satoshis bridged back to wallet on Bitcoin testnet
Voting is ongoing and ends this week:
For details, please see: https://snapshot.org/#/iotex.eth
PS: This article does not constitute investment advice and only shares personal opinions.
#depin $IOTX
Btc is the largest depin project, and the motivation for iotex's proposal is twofold. First, by connecting Bitcoin to IoTeX, we aim to significantly increase the total value locked (TVL) of IoTeX by leveraging the massive assets in the Bitcoin market.
The initiative aims to enhance the attractiveness and functionality of the IoTeX ecosystem for IoTeX users, while indirectly allowing Bitcoin users to participate in the development of the DEPIN project and ecosystem. By doing so, it attempts to significantly increase the liquidity of these projects. The IoTeX network is identified as one of its key roles as a fundamental hub for DEPIN project liquidity.
Second, Bitcoin’s limited programmability and lack of open source bridging solutions pose unique challenges that require the development of custom solutions. This work will not only provide IoTeX with a direct link to the Bitcoin market, but will also demonstrate our ability to innovate and expand blockchain functionality.
example:
An example transaction connecting Satoshi between the Bitcoin testnet and the IoTeX testnet is provided to illustrate the functionality of this bridge:
600 satoshis bridged from Bitcoin testnet to iotex testnet
200 satoshis bridged back to wallet on Bitcoin testnet
Voting is ongoing and ends this week:
For details, please see: https://snapshot.org/#/iotex.eth
PS: This article does not constitute investment advice and only shares personal opinions.
#depin $IOTX
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📣 2024.4.1 #depin Track Insights (IoTeX Ecological Weekly Report) 📣
1️⃣ PowerPod is building a decentralized global electric vehicle charging network and plans to issue tokens on the #iotex network.
2️⃣ The Inferix GPU network has reached 259 nodes and plans to issue tokens on April 28th.
3️⃣ The DePIN Liquidity Center has a maximum annual return of 185%, and magma points can be mined at the same time.
4️⃣ The first phase of enviroBLOQ’s snapshot is over. Continue staking to get more rewards.
5️⃣ When Robot AI stops POW mining, the remaining ROBA will be destroyed and game points mining activities will be started.
6️⃣ There are 24,268 devices on the IoTeX network, and #w3bsteam has integrated a total of 653,352 devices into 31 DePIN projects.
$IOTX 🐑
1️⃣ PowerPod is building a decentralized global electric vehicle charging network and plans to issue tokens on the #iotex network.
2️⃣ The Inferix GPU network has reached 259 nodes and plans to issue tokens on April 28th.
3️⃣ The DePIN Liquidity Center has a maximum annual return of 185%, and magma points can be mined at the same time.
4️⃣ The first phase of enviroBLOQ’s snapshot is over. Continue staking to get more rewards.
5️⃣ When Robot AI stops POW mining, the remaining ROBA will be destroyed and game points mining activities will be started.
6️⃣ There are 24,268 devices on the IoTeX network, and #w3bsteam has integrated a total of 653,352 devices into 31 DePIN projects.
$IOTX 🐑
See original
The latest version of #iotex wallet ioPay now supports AA wallet, you can try it out.
A few notes👇:
1️⃣ Make sure your ioPay wallet is the latest version, download link: iopay.me
2️⃣The difference between AA wallet and ordinary wallet is that the wallet can be restored through the bound email address, eliminating the pain of remembering private keys and mnemonic phrases.
3️⃣ Ordinary users can apply for 2 IOTX per day, and MFI users can apply for 10 IOTX. The applied tokens can only be used as gas and cannot be transferred to the address balance.
4️⃣ The first transaction will deduct 1.3 $IOTX and pledge it to the contract, and subsequent transactions will deduct gas normally.
5️⃣ During the process of creating an AA wallet, it is recommended to open a VPN
6️⃣ Currently only supports Gmail email registration
A few notes👇:
1️⃣ Make sure your ioPay wallet is the latest version, download link: iopay.me
2️⃣The difference between AA wallet and ordinary wallet is that the wallet can be restored through the bound email address, eliminating the pain of remembering private keys and mnemonic phrases.
3️⃣ Ordinary users can apply for 2 IOTX per day, and MFI users can apply for 10 IOTX. The applied tokens can only be used as gas and cannot be transferred to the address balance.
4️⃣ The first transaction will deduct 1.3 $IOTX and pledge it to the contract, and subsequent transactions will deduct gas normally.
5️⃣ During the process of creating an AA wallet, it is recommended to open a VPN
6️⃣ Currently only supports Gmail email registration
See original
📣 2024.7.1 #depin Track Insights (#iotex Ecological Weekly Report)📣
1️⃣ Network3 has 220,000 active nodes in 183 countries and regions around the world.
2️⃣ Loxodrome and Inferix GPU have reached a cooperation to enhance the liquidity of tokens.
3️⃣ The enviroBLOQ network has 626 active devices in 41 countries around the world.
4️⃣ Wayru Network has 95,974 active users.
5️⃣ Drop Wireless released DropGo, which can track location through immersive AR gamification experience.
6️⃣ Inferix GPU network has 1499 nodes to provide decentralized rendering services.
7️⃣ There are 26,159 IoTeX network devices on the chain, and#w3bstreamhas 41 DePIN projects integrating a total of 2,482,057 devices. 🐐
$IOTX
1️⃣ Network3 has 220,000 active nodes in 183 countries and regions around the world.
2️⃣ Loxodrome and Inferix GPU have reached a cooperation to enhance the liquidity of tokens.
3️⃣ The enviroBLOQ network has 626 active devices in 41 countries around the world.
4️⃣ Wayru Network has 95,974 active users.
5️⃣ Drop Wireless released DropGo, which can track location through immersive AR gamification experience.
6️⃣ Inferix GPU network has 1499 nodes to provide decentralized rendering services.
7️⃣ There are 26,159 IoTeX network devices on the chain, and#w3bstreamhas 41 DePIN projects integrating a total of 2,482,057 devices. 🐐
$IOTX
What is $IOTX ❓
IoTeX is a modular Web3 infrastructure platform connecting smart devices and real-world data to blockchains. IoTeX’s middleware solution W3bstream provides the computation and verification of real-world data, bringing it on-chain while offering the modularity and customizability builders need to facilitate mass adoption.
As a provider of DePIN infrastructure, IoTeX facilitates new rewards from devices and on/off-chain activity for users, turns personal devices into communal economies, and tokenizes the "data of everything."
Backed by a global team of 60+ research scientists and engineers, IoTeX combines its EVM-compatible L1 blockchain, off-chain compute middleware, and open hardware to connect billions of smart devices, machines and sensors, and dApps across the physical and digital world.
#Write2Earn #TrendingTopic #TradeNTell
#iotex
IoTeX is a modular Web3 infrastructure platform connecting smart devices and real-world data to blockchains. IoTeX’s middleware solution W3bstream provides the computation and verification of real-world data, bringing it on-chain while offering the modularity and customizability builders need to facilitate mass adoption.
As a provider of DePIN infrastructure, IoTeX facilitates new rewards from devices and on/off-chain activity for users, turns personal devices into communal economies, and tokenizes the "data of everything."
Backed by a global team of 60+ research scientists and engineers, IoTeX combines its EVM-compatible L1 blockchain, off-chain compute middleware, and open hardware to connect billions of smart devices, machines and sensors, and dApps across the physical and digital world.
#Write2Earn #TrendingTopic #TradeNTell
#iotex
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📣 2024.5.13 #depin Track Insight (#iotex Ecological Weekly Report)📣
1️⃣ Quenta is a derivatives trading platform built exclusively for DePIN assets and will be launched on the mainnet soon.
2️⃣ Network3 has 138,745 active nodes. Participating now can earn points and plan to launch the mainnet in Q2.
3️⃣ The enviroBLOQ network has 605 active devices in 40 countries around the world.
4️⃣ PowerPod has reached a cooperation with Kwil to establish an end-to-end trusted database for electric vehicle charging networks.
5️⃣ Inferix GPU has 1,412 nodes in the entire network, including a variety of high-performance GPUs.
6️⃣ Wayru has started the second batch of OG Genesis device sales, and device holders will have a variety of exclusive benefits.
7️⃣ There are 25,120 IoTeX network devices on the chain, and#w3bstreamhas 37 DePIN projects integrating a total of 1,804,460 devices.
$IOTX 🐐
1️⃣ Quenta is a derivatives trading platform built exclusively for DePIN assets and will be launched on the mainnet soon.
2️⃣ Network3 has 138,745 active nodes. Participating now can earn points and plan to launch the mainnet in Q2.
3️⃣ The enviroBLOQ network has 605 active devices in 40 countries around the world.
4️⃣ PowerPod has reached a cooperation with Kwil to establish an end-to-end trusted database for electric vehicle charging networks.
5️⃣ Inferix GPU has 1,412 nodes in the entire network, including a variety of high-performance GPUs.
6️⃣ Wayru has started the second batch of OG Genesis device sales, and device holders will have a variety of exclusive benefits.
7️⃣ There are 25,120 IoTeX network devices on the chain, and#w3bstreamhas 37 DePIN projects integrating a total of 1,804,460 devices.
$IOTX 🐐
See original
Ai+DePIN has become the deterministic narrative of this cycle, and its imagination is big enough to accommodate massive web2+web3 funds. Except for Solana, I think #iotex has been ignored by everyone in the infrastructure that focuses on these two narratives. Let’s talk about some good #depin + #ai projects on IoTeX.
1) w3bstream is the L2 Rollup layer designed for depin, which aims to upload the data of the DePIN device to the chain after calculation and verification. Currently, 32 DePIN projects with 630,000 devices have been integrated, and the economic model will be announced in a few months.
2) InferixGPU is the first depin+ai project on the iotex chain, serving cutting-edge applications such as 3D rendering, VR and AI through a decentralized GPU network. At present, it has gained most of the Southeast Asian market share, has received seed round financing, and will issue coins on the mainnet in Q2.
3) PowerPod is the world’s first community-operated, decentralized electric vehicle charging network connected through the Internet. It has completed a seed round of financing of US$1 million and is about to launch its first hardware sales.
4) Wayru is a decentralized wireless network designed to provide low-cost WiFi services in underdeveloped areas. It is the first depin project to receive government support and has completed a seed round of financing of nearly US$2 million. It will mint native tokens on the IoTeX network in the near future.
5) enviroBLOQ is a decentralized "environmental proof" network that collects household data by deploying hardware for third-party use. Users who hold pebble can receive 10 IOTX token rewards every day by providing data. It plans to issue its own native token in Q2 and conduct airdrops to pebble holders.
$IOTX
1) w3bstream is the L2 Rollup layer designed for depin, which aims to upload the data of the DePIN device to the chain after calculation and verification. Currently, 32 DePIN projects with 630,000 devices have been integrated, and the economic model will be announced in a few months.
2) InferixGPU is the first depin+ai project on the iotex chain, serving cutting-edge applications such as 3D rendering, VR and AI through a decentralized GPU network. At present, it has gained most of the Southeast Asian market share, has received seed round financing, and will issue coins on the mainnet in Q2.
3) PowerPod is the world’s first community-operated, decentralized electric vehicle charging network connected through the Internet. It has completed a seed round of financing of US$1 million and is about to launch its first hardware sales.
4) Wayru is a decentralized wireless network designed to provide low-cost WiFi services in underdeveloped areas. It is the first depin project to receive government support and has completed a seed round of financing of nearly US$2 million. It will mint native tokens on the IoTeX network in the near future.
5) enviroBLOQ is a decentralized "environmental proof" network that collects household data by deploying hardware for third-party use. Users who hold pebble can receive 10 IOTX token rewards every day by providing data. It plans to issue its own native token in Q2 and conduct airdrops to pebble holders.
$IOTX
The need for stricter regulation on tokenization infrastructure and DePINs.
DePIN projects generate significant economic benefits from the outset.
Geodnet, a relatively recent project, has already achieved an annual recurring revenue (ARR) of about $1 million USD thanks to satellite miners. The broader DePIN ecosystem has already reported an ARR of over US$15 million. Such tangible successes demonstrate the economic viability of the sector, but with it comes a clear and pressing need for oversight:
DePIN network needs geolocation data for accurate mapping, distributed access to data from user devices, for example, often requires storage capacity for cloud-based solutions to operate efficiently. Due to the lack of clear guidelines, users and operators do not know the limits of data collection: how much data can DePIN access? What protections are in place to ensure confidentiality and prevent misuse? Without answers to these questions, users may be hesitant to participate, limiting the growth of the network.
The DePIN network relies on tokens that reward users for providing devices and data. Again, the lack of clear regulation raises questions about fair remuneration. How should a user's contribution be valued, especially if their device is important to the network? Lack of standardization can lead to predatory practices and undermine trust in the ecosystem.
While the DePIN network strives to decentralize, early-stage projects often rely on centralized leadership to make decisions, which creates gaps in governance and revenue sharing. gaps in transparency. Some DePIN projects have not disclosed their governance structure or #decentralization roadmap, leaving stakeholders unaware of who manages the network and how the project distributes revenues to users. This lack of transparency undermines the underlying principles of the sector and may discourage user participation in the quest for a truly decentralized system.
Aaron Boushey is the #IoTeX Product Manager.
Read us at: Compass Investments
#CryptoUpdates #CryptoMarketTrends #FinTechInnovations
Geodnet, a relatively recent project, has already achieved an annual recurring revenue (ARR) of about $1 million USD thanks to satellite miners. The broader DePIN ecosystem has already reported an ARR of over US$15 million. Such tangible successes demonstrate the economic viability of the sector, but with it comes a clear and pressing need for oversight:
DePIN network needs geolocation data for accurate mapping, distributed access to data from user devices, for example, often requires storage capacity for cloud-based solutions to operate efficiently. Due to the lack of clear guidelines, users and operators do not know the limits of data collection: how much data can DePIN access? What protections are in place to ensure confidentiality and prevent misuse? Without answers to these questions, users may be hesitant to participate, limiting the growth of the network.
The DePIN network relies on tokens that reward users for providing devices and data. Again, the lack of clear regulation raises questions about fair remuneration. How should a user's contribution be valued, especially if their device is important to the network? Lack of standardization can lead to predatory practices and undermine trust in the ecosystem.
While the DePIN network strives to decentralize, early-stage projects often rely on centralized leadership to make decisions, which creates gaps in governance and revenue sharing. gaps in transparency. Some DePIN projects have not disclosed their governance structure or #decentralization roadmap, leaving stakeholders unaware of who manages the network and how the project distributes revenues to users. This lack of transparency undermines the underlying principles of the sector and may discourage user participation in the quest for a truly decentralized system.
Aaron Boushey is the #IoTeX Product Manager.
Read us at: Compass Investments
#CryptoUpdates #CryptoMarketTrends #FinTechInnovations
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#iotex 2.0 has been released, update the utility of $IOTX tokens (the most complete in the entire network)🧐
IoTeX L1 layer:
1️⃣ Stake IOTX to maintain network security and Gas
2️⃣ Developers build dApps
Modular Security Pool (MSP) layer:
3️⃣ Stake reIOTX to be a verification node
4️⃣ DIM (builder) stakes IOTX to join MSP
5️⃣ ioID, w3bstream, ioConnect modules are denominated in IOTX
6️⃣ Gas is IOTX or other tokens
Destroy tokens:
1️⃣ The device registers ioID to destroy a certain amount of $IOTX
2️⃣ The mainnet will be upgraded to EIP-1559 in the future, destroying Gas
IoTeX L1 layer:
1️⃣ Stake IOTX to maintain network security and Gas
2️⃣ Developers build dApps
Modular Security Pool (MSP) layer:
3️⃣ Stake reIOTX to be a verification node
4️⃣ DIM (builder) stakes IOTX to join MSP
5️⃣ ioID, w3bstream, ioConnect modules are denominated in IOTX
6️⃣ Gas is IOTX or other tokens
Destroy tokens:
1️⃣ The device registers ioID to destroy a certain amount of $IOTX
2️⃣ The mainnet will be upgraded to EIP-1559 in the future, destroying Gas
See original
#iotex The first #LSD protocol on the chain has been launched, and this protocol has passed the audit. Guide 👇
1️⃣Staking $IOTX tokens to Bedrock will result in approximately 9% annualized income (IOTX token issuance), but 10% of the income will be charged as a handling fee.
2️⃣After staking, you will get nearly 1:1 uniIOTX token. This token can participate in defi on the #iotex chain in the future and get secondary benefits. (Currently, the defi protocol does not support uniIOTX).
Participation link: https://app.bedrock.technology/uniiotx
1️⃣Staking $IOTX tokens to Bedrock will result in approximately 9% annualized income (IOTX token issuance), but 10% of the income will be charged as a handling fee.
2️⃣After staking, you will get nearly 1:1 uniIOTX token. This token can participate in defi on the #iotex chain in the future and get secondary benefits. (Currently, the defi protocol does not support uniIOTX).
Participation link: https://app.bedrock.technology/uniiotx
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