$BTC The IOTX token plays a fundamental role in the IoTeX ecosystem, as it is used for governance, staking, and covering transaction fees. Its versatility reinforces its importance in supporting decentralized applications (DApps) that integrate the physical and digital worlds. By allowing users to participate in decision-making and earn rewards through staking, IOTX fosters an active and engaged community, driving innovation at the intersection of IoT and blockchain.