IoTex PadTEX Tokenomics and ICO IDO Token Sale info Leave a comment
Stay tuned for iotex pad ido more updates by following our official channels – we hope you’re as excited as we are to participate in the first crowdfunding campaigns on IoTeX. IoTeXpad will be whitelisting participants prior to the determined IDO date through a Gleam Competition. The $200,000 IDO will be split in half between OxBull & IoTeXPad community for maximum exposure. We are also proud to announce the launch of our website and our whitepaper can now be viewable. Part of our journey would be to bring you the best projects that are set to launch on iotex, and this is just the beginning. As we propel DePIN forward, our commitment is to onboard Delegates who share our passion for the DePIN mission.
The new financing will be used for further development of the protocol, including market expansion, team expansion, operating expenses, product development and innovation. In addition, as TGE approaches, Pac Finance is about to release the details of the Pac token airdrop. It is reported that Pac Finance, as a DeFi lending protocol in the Blast ecosystem, adopts the principle of non-custodial and permissionless operation, and its core functions include lending, swap transactions and staking. QED, a Bitcoin scaling protocol, has completed a $6 million seed round of financing exclusively invested by Blockchain Capital, bringing its valuation to “nine figures” (at least $100 million).
The Root Chain provides P2P networking and consensus resources, which are leveraged by all L2 chains in the IoTeX Network. The Root Chain will allow developers to spin up custom L2 chains just as they would a new instance on Cloud! Cross-chain communication is also enabled by the Root Chain, which allows L2 chains to interoperate. A few concerns I have are the long term project viability, because of the current lack of a revenue stream and ongoing cryptocurrency bear market.
Phala Network Enters Strategic Partnership with Theoriq for Secure AI Agents in Web3
After their mainnet launch in the first quarter of 2019 they will swap the ERC20 IOTX for their own native IOTX tokens. IoTeX is the auto-scalable and privacy-centric blockchain infrastructure for the Internet of Things (IoT). IoTeX is bringing autonomous device coordination to the masses by “connecting the physical world, block by block”. The IoTeX Network is now running perfectly with 60+ global Delegates, but the work is not done yet! HOWEVER, if after 2 hours the allocation has not been fully filled, we will OPEN a FCFS round for EVERYONE to participate. Therefore all whitelisted and non-whitelisted users will have a maximum allocation of $500 to participate in this round.
The financing will be used to expand the R&D team and increase marketing and sales efforts to attract more top protocols and ecosystems. Pi Squared, a company that uses zero-knowledge technology to enable verifiable computation, announced that it has raised $12.5 million in a seed round led by Polychain Capital. Also participating in the round were ABCDE, Bloccelerate, Generative Ventures, Robot Ventures, and Samsung Next, as well as angel investors including Justin Drake of the Ethereum Foundation and Sreeram Kanaan, founder of EigenLayer. Pi Squared is led by Grigore Rosu, a professor of computer science at the University of Illinois at Urbana-Champaign.
Anagram led the investment, and Interop Ventures, Cosmostation and others participated in the investment. The scalability allows for large enterprise-based decentralized application to be run on the IoTeX blockchain. IoTeX’s mission is to drive end-to-end trust throughout the entire information life cycle in an IOT network, including data collection, transport, storage, and utilization. The IoTeX Network uses Roll-DPoS consensus, where Delegates are elected by token holders to run consensus on behalf of the entire network. We also support NB-IOT and CAT-1M modules.We provide IoT Cloud connectiovity and mobile Apps. Each IoT DApp runs within one subchain and can communicate with other subchains via the rootchain.
As you can see on Coinmarketcap when checking to historical data for Iotx, you notice an increase in marketcap from $ 10 million to $ 17 million, starting February 1st. If you plan on investing in IOTX, or if you already have, the increase in token supply is something to take into consideration. We are thrilled to announce that IoTeX (IOTX) has been officially listed on Binance.US, one of the most trusted and user-friendly cryptocurrency exchanges in the United States. This innovation marks a significant step forward for DePIN, bringing autonomous AI agents into action to drive awareness, engagement, and innovation in decentralized networks.
IOTX Exchange Listings: A Bird’s Eye View
Iotexpad community membersenjoy access to top-tier projects on the IoTeX network, minimizing the chance of loss of funds.Iotexpad is a 100% decentralized launchpad dedicated to project launches on IoTeX. IoTeXPad provides a way through which new IoTeX projects can raise capital from a platform that is already used by most of the crypto world. While IoTeXPad takes care of the token sales with top-notch security, projects can focus more on developing their core idea. Astria, a shared sorting network, has completed a $12.5 million strategic financing led by dba and Placeholder VC, with participation from RockawayX. Maven11, 1kx, Figment Capital and Batu are returning investors, angel investors include Yuki, DCBuilder, Hasu, Will Price and Jason Yanowitz, and Bankless Ventures also participated.
- This is a continuous process that incentivizes representatives to continue to produce blocks.
- Open source AI platform Sentient has raised $85 million in a seed round co-led by Peter Thiel’s Founders Fund, Pantera Capital, and Framework Ventures.
- HOWEVER, if after 2 hours the allocation has not been fully filled, we will OPEN a FCFS round for EVERYONE to participate.
- The financing will be used to expand the R&D team and increase marketing and sales efforts to attract more top protocols and ecosystems.
- The blockchain for IoT must be designed to minimize resources such as computations, storage and energy.
What is LaunchZone?
QED uses zero-knowledge proof technology and Taproot upgrades to process more than 150,000 transactions per second, with the goal of building applications such as decentralized exchanges and DeFi. The testnet is expected to be launched in 3-4 months, and the mainnet and native tokens will be released after the community reaches a consensus. The AI computing power tokenization protocol CTP is now available on the Solana testnet, and the mainnet is expected to be launched in Q3, and TGE will be completed before the end of the year.
- The IoTeX Network uses Roll-DPoS consensus, where Delegates are elected by token holders to run consensus on behalf of the entire network.
- IoTeX is a network of many blockchains that are hierarchically arranged, where they run concurrently with one another while retaining interoperability.
- IoTeX brings the power of blockchain to secure devices, NFTs, decentralized applications (DApps), or any kind of online transaction.
- Onaji has built a platform for training and deploying AI models that can autonomously participate in DeFi on Ethereum and Layer 2.
- If this round meets the hardcap and all $100,000 USDT allocation is filled then we have successfully concluded the IDO for Iotexpad and we congratulate all that have participated.
Solana ecosystem re-staking agreement Solayer announced the completion of the Builders Round financing. According to reports, Solayer is a Solana ecosystem re-staking protocol, which released the re-staking standard on Solana, namely Endogenous-Active Verification Service (AVS), in early June. IoTeX has a number of strategic partnerhips and investors, including the Blockchain Foundation and blockchain industry service platform Jinse. In June it announced a partnership with CertiK, a leader in formal verification and security of smart contracts.
IoTeX brings the power of blockchain to secure devices, NFTs, decentralized applications (DApps), or any kind of online transaction. After the announce of IoTex’s EVM layer 2 solution to Ethereum’s network, it became one of the fastest available networks at cost effective prices. We are very proud to take part of such an amazing journey and to be supported by incredible teams.
The funds will be used to continue the development of the Astria sorting layer and Astria Stack, allowing anyone to deploy permissionless aggregation without relying on a centralized sorter. For the Mainnet Beta, Layer-2-chain-as-a-service will be provided, enabling developers and users to easily spin up an Layer 2 chain for specific use cases such as supply chain management. At the same time, the root chain will support cross-chain communication for all Layer 2 chains. In March 2019, the Project launched member.iotex.io, a dApp that runs on top of both IoTeX blockchain and Ethereum, as a pioneer for decentralized governance. The governance tasks (i.e. staking, voting, ranking) is running on Ethereum through smart contracts. Iotex has no launchpad native to its chain and as such projects may find it iotex pad ido difficult to fundraise successfully, simultaneously making it difficult for investors to find emerging projects.
