IoTeX

IoTeX
IoTeX logo IoTeX ICO Review
IoTeX ICO
Ticker:	IOTX
ICO start:	0000-00-00 00:00:00
ICO end:	0000-00-00 00:00:00
Price:	1 IOTX = 0.0000125 ETH
Tokens:	2,400,000,000 IOTX
Tokentype:	ERC20
Platform:	Ethereum
Distributed:	24%
Accepting:	ETH

IoTeX is dedicated to creating the next generation of the IoT-oriented blockchain platform. The cutting-edge blockchain-in-blockchain architecture will address the scalability, privacy, isolatability, and developability issues relating to the IoT DApps and ecosystem growth. By combining token incentives with our vibrant global community, we believe we can crowdsource top industry and community talents to push the frontier of blockchain 3.0

Description

TeX is the next generation of the IoT-oriented blockchain platform with vast scalability, privacy, isolatability, and developability for incubating new IoT applications and ecosystems. Connecting the physical world, block by block.
IoT has rapidly evolved over the years, but lacks real “killer applications”. McKinsey predicted that IoT could generate up to $11.1 trillion per year in economic value by 2025. Despite the potential of IoT, there are roadblocks ahead: lack of scalability, privacy concerns, and lack of functional values. IoTeX solves these problems by introducing a blockchain-in-blockchain architecture with token economy. By combining token incentives with community efforts, we believe we can crowdsource industry and community talents to address these technical challenges in IoT development.
At the highest level, we have four main innovations: 1. Blockchain-in-blockchain architecture which ensures privacy and prevents IoT information leakage; 2. Built-in privacy based on lightweight cryptography; 3. Real-time consensus with instant finality, which improves the throughput of the network, and reduces transactional cost, and boosts efficient cross-blockchain communication; 4. Subchain-as-a-service (SAAS) to facilitate fast prototyping and production of new IoT applications and ecosystems.

Roadmap

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May 2017: Kick off research on lightweight privacy-preserving techniques for blockchain. August 2017: White paper writing. November 2017: Design and prototype of key components. April 2018: Testnet preview launch. June 2018: Lightweight crypto lib preview launch; Testnet beta launch. October 2018: Mainnet launch (w/ support of cross chain communication and lightweight crypto lib). May, 2017: Kick off research on Lightweight privacy-preserving techniques for blockchain. August, 2017: White paper writing. November, 2017: Design and prototype of key components. April, 2018: Testnet preview launch. June, 2018: Lightweight crypto lib preview launch; Testnet beta launch. October, 2018: Mainnet launch(w/ support of cross chain communication and lightweight crypto lib). November, 2018: Subchain SDK preview launch; 1st Pilot DApp launch. February, 2019: Lightweight client launch; Hardware-based security enhancement for IoT devices. May, 2019: 2nd Pilot IoT DApp on subchain launch. June, 2019: Subchain SDK GA; Mainnet GA ( w/ support of transactional privacy). October, 2019: Lightweight virtual machine (LVM) preview launch.

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Team

name:	title:	links:	group:	photo:	iss:
Xinxin Fan	Head of Cryptography			Xinxin Fan photo	3.2
Raullen Chai	Co-founder			Raullen Chai photo	3.2
Qevan Guo	Co-founder			Qevan Guo photo	3.2
Jing Sun	Co-founder			Jing Sun photo	3.2
Dustin Xie	Blockchain Engineer			Dustin Xie photo	3.2
Tim Pan	Distributed Systems			Tim Pan photo	3.2
Monika Hathaway	Communication			Monika Hathaway photo	3.2
Kyle Sykes	Creative and Marketing			Kyle Sykes photo	3.2
Guang Gong	IEEE Fellow		Advisors	Guang Gong photo	3.2
Jack Lee	Co-Founding Managing Partner of HCM Capital		Advisors	Jack Lee photo	4.6
Fan Zhang	Founding Partner of Sequoia Capital China		Advisors	Fan Zhang photo	6.2

External links

IoTeX on Twitter
IoTeX on Telegram
IoTeX on Facebook
IoTeX on Medium
IoTeX on Bitcointalk
IoTeX Official Website
IoTeX Bounty
IoTeX Whitepaper