IoTeX

FAQ's

What is IoTeX?

IoTeX is a privacy-IoT blockchain platform to power the Internet of Trusted Things, where all physical and virtual “things” — 

humans, machines, businesses, and dApps — can efficiently exchange information and value at global scale. 

IoTeX combines blockchain, trusted hardware, and edge computing to deliver new capabilities for privacy, IoT, and blockchain developers.

The IoTeX Network is designed to be scalable and privacy-centric, with in-house innovations such as Roll-DPoS consensus, 

multi-layer blockchain architecture, cross-network governance, extensible state transitions, and a Layer 2 privacy chain.

How was IoTeX launched?

IoTex conducted a private Token Sale to 40+ accredited investors in February 2018. IoTeX did not have a public ICO. 

The Token Supply has been distributed as following:

24% to Private Sale Investors

6% to the Community Rewards Program

15% to the Team

30% reserved for the Ecosystem

25% to the Foundation

 

The IoTeX-Mainnet has successfully launched since April 22nd 2019.

Who is the team behind IoTeX?

Cofounder Raullen Chai – Prior to IoTeX, he was the Lead of Cryptography R&D and Engineering Security at Uber and was a Senior Software Engineer and Tech Lead at Google;

Cofounder Qevan Guo – Prior to IoTeX, he was the Senior Director of Facebook Ads products and advisor of several startups in silicon valley; 

Sun Jing, – Prior to IoTeX, she was the managing parterner of Sparkland Capital and investors of many bay area startups.

How to stake IoTeX?

IoTex currently has a two-token model, whereas the ERC20-Token is used for voting one of the IoTeX Delegates.

It is a simple one-click process which can be done here via the Metamask Wallet.

The rewards are then paid out to the IoTeX Mainnet Address of your choice.

Is there a risk to stake IoTeX?

The staking process is totally managed by smart contracts and your funds are 100% safe.

But keep in mind that crypto market keeps fluctuating.