IoTeX (IOTX) ICO Review
IoTeX is a decentralized social networking platform that is putting users privacy and satisfaction as its first priority. It is an innovative approach towards transparent and independent means of user data ownership, reward on ads and free of speech. It is the first get paid to content creation and sharing ecosystem that leveraged OCR token payments for its reward system.
|Ico Time||Unknown – Unknown|
|Price||1 IOTX = 0.0000125 ETH|
More about IoTeX (IOTX) ICO:
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
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.
The IoTeX vision is much more than just adding trust to IoT devices. Rather, IoTeX will serve as the decentralized trust fabric to connect and embed trust in all “things”. In the Internet of Trusted Things, humans, machines, and businesses are all assigned a standardized decentralized identity (DID), allowing them to interact in a peer-to-peer (P2P) fashion. By replacing semi-trusted middlemen with fully trusted code, IoTeX will unlock transformational business models rooted in trust, privacy, and decentralization:
- Humans transact directly with machines in the sharing economy and data/device-as-a-service use cases
- Machines exchange data and payments with other machines to power decentralized autonomous organizations (DAO)
- Businesses and other businesses, including partners and even competitors, collaborate in data sharing and collective intelligence
- And more combinations to form trusted, multi-party workflows
The Internet of Trusted Things will change the world; however, a holistic platform like IoTeX is needed turn this vision into reality. From day one, IoTeX’s industry-leading team has made upfront design decisions to fulfill our vision (e.g., secure IoT hardware, interoperability, privacy by design). After two years of rigorous development, IoTeX is excited to announce the genesis of the Internet of Trusted Things is finally here!
Before the full-scale Internet of Trusted Things, there must first be trusted things — IoTeX is launching the first secure IoT devices with decentralized identity (DID) in Q4 2019, including a trusted tracker (Pebble), home IP camera (Ucam), and IoT gateway (AvoBoard). What makes these “things” truly unique is not just that they are blockchain-enabled, but also enable full end-to-end trust, which we explain in the context of IoT devices below.
The IoT data life cycle involves multiple handoffs from IoT devices (“end”) to gateways (“edge”) to backend infrastructure (e.g., blockchain, Cloud), after which data is usable in applications (e.g., computing, data sharing, marketplaces). As illustrated below, there are multiple paths for IoT data from the real world to backend to applications, depending on the specific IoT use case. Each specific path comprises a unique set of handoffs, all of which must be individually trusted to enable collective end-to-end trust.
The Internet of Trusted Things
A machine-driven, automated, and connected future is coming. The spectrum of how the Internet of Things (IoT) is being integrated into our lives is very diverse — fully autonomous vehicles, collaborative robots (“cobots”) that aid workers, AI chips embedded into humans, and more. The question is no longer if but when the IoT will transform society. But a more important question is: can we fully trust the rapidly evolving Internet of Things?
Guaranteeing trust will not come from terms & conditions or regulations. Rather, new technologies that prioritize trust and privacy by design will drive a safe transition into this next technological revolution. This is where IoTeX comes in — by combining blockchain, secure hardware, and decentralized identity (DID) innovations, IoTeX is empowering the Internet of Trusted Things and enabling end-to-end trust.
NOTHING IN THIS WHITEPAPER CONSTITUTES LEGAL, FINANCIAL, BUSINESS OR TAX ADVICE AND YOU SHOULD CONSULT YOUR OWN LEGAL, FINANCIAL, TAX OR OTHER PROFESSIONAL ADVISER(S) BEFORE ENGAGING IN ANY ACTIVITY IN CONNECTION HEREWITH. NEITHER IOTEX FOUNDATION LTD. (THE FOUNDATION), ANY OF THE PROJECT TEAM MEMBERS WHO HAVE WORKED ON THE IOTEX NETWORK (AS DEFINED HEREIN) OR PROJECT TO DEVELOP THE IOTEX NETWORK IN ANY WAY WHATSOEVER (THE IOTEX TEAM), ANY DISTRIBUTOR/VENDOR OF IOTX (THE DISTRIBUTOR), NOR ANY SERVICE PROVIDER SHALL BE LIABLE FOR ANY KIND OF DIRECT OR INDIRECT DAMAGE OR LOSS WHATSOEVER WHICH YOU MAY SUFFER IN CONNECTION WITH ACCESSING THIS WHITEPAPER, THE WEBSITE AT HTTPS://V1.IOTEX.IO/ (THE WEBSITE) OR ANY OTHER WEBSITES OR MATERIALS PUBLISHED BY THE FOUNDATION.
This Whitepaper is intended for general informational purposes only and does not constitute a prospectus, an offer document, an offer of securities, a solicitation for investment, or any offer to sell any product, item or asset (whether digital or otherwise). The information herein below may not be exhaustive and does not imply any elements of a contractual relationship. There is no assurance as to the accuracy or completeness of such information and no representation, warranty or undertaking is or purported to be provided as to the accuracy or completeness of such information. Where this Whitepaper includes information that has been obtained from third party sources, the Foundation and/or the IoTeX team have not independently verified the accuracy or completion of such information. Further, you acknowledge that circumstances may change and that this Whitepaper may become outdated as a result; and the Foundation is under no obligation to update or correct this document in connection therewith.
This Whitepaper does not constitute any offer by the Foundation, the Distributor or the IoTeX team to sell any IOTX (as defined herein) nor shall it or any part of it nor the fact of its presentation form the basis of, or be relied upon in connection with, any contract or investment decision. Nothing contained in this Whitepaper is or may be relied upon as a promise, representation or undertaking as to the future performance of the IoTeX Network. The agreement between the Distributor and you, in relation to any sale and purchase of IOTX is to be governed by only the separate terms and conditions of such agreement. By accessing this Whitepaper or any part thereof, you represent and warrant to the Foundation, its affiliates, and the IoTeX team as follows:
- (a) in any decision to purchase any IOTX, you have not relied on any statement set out in this Whitepaper;
- (b) you will and shall at your own expense ensure compliance with all laws, regulatory requirements and restrictions applicable to you (as the case may be);
- (c) you acknowledge, understand and agree that IOTX may have no value, there is no guarantee or representation of value or liquidity for IOTX, and IOTX is not for speculative investment;
- (d) none of the Foundation, its affiliates, and/or the IoTeX team members shall be responsible for or liable for the value of IOTX, the transferability and/or liquidity of IOTX and/or the availability of any market for IOTX through third parties or otherwise; and
- (e) you acknowledge, understand and agree that you are not eligible to purchase any IOTX if you are a citizen, national, resident (tax or otherwise), domiciliary and/or green card holder of a geographic area or country (i) where it is likely that the sale of IOTX would be construed as the sale of a security (howsoever named) or investment product and/or (ii) in which access to or participation in the IOTX token sale or the IoTeX Network is prohibited by applicable law, decree, regulation, treaty, or administrative act, and/or (including without limitation the United States of America, Canada, New Zealand, People’s Republic of China and the Republic of Korea).
The Foundation, the Distributor and the IoTeX team do not and do not purport to make, and hereby disclaims, all representations, warranties or undertaking to any entity or person (including without limitation warranties as to the accuracy, completeness, timeliness or reliability of the contents of this Whitepaper or any other materials published by the Foundation). To the maximum extent permitted by law, the Foundation, the Distributor, their related entities and service providers shall not be liable for any indirect, special, incidental, consequential or other losses of any kind, in tort, contract or otherwise (including, without limitation, any liability arising from default or negligence on the part of any of them, or any loss of revenue, income or profits, and loss of use or data) arising from the use of this Whitepaper or any other materials published, or its contents or otherwise arising in connection with the same. Prospective purchasers of IOTX should carefully consider and evaluate all risks and uncertainties (including financial and legal risks and uncertainties) associated with the IOTX token sale, the Foundation, the Distributor and the IoTeX team.
The Distributor of IOTX shall be an affiliate of the Foundation. The contributions in the token sale will be held by the Distributor (or its affiliate) after the token sale, and contributors will have no economic or legal right over or beneficial interest in these contributions or the assets of that entity after the token sale. To the extent a secondary market or exchange for trading IOTX does develop, it would be run and operated wholly independently of the Foundation, the Distributor, the sale of IOTX and the IoTeX Network. Neither the Foundation nor the Distributor will create such secondary markets nor will either entity act as an exchange for IOTX.
The information set out in this Whitepaper is for community discussion only and is not legally binding. The agreement for sale and purchase of IOTX and/or continued holding of IOTX shall be governed by a separate set of Terms and Conditions or Token Purchase Agreement (as the case may be) setting out the terms of such purchase and/or continued holding of IOTX (the Terms and Conditions), which shall be separately provided to you or made available on the Website. In the event of any inconsistencies between the Terms and Conditions and this Whitepaper, the Terms and Conditions shall prevail.
This is only a conceptual whitepaper describing the future development goals for the IoTeX Network to be developed. This Whitepaper may be amended or replaced from time to time. There are no obligations to update this Whitepaper or to provide recipients with access to any information beyond what is provided in this Whitepaper.
All contributions will be applied towards the Foundation’s objects, including without limitation promoting the research, design and development of, and advocacy for the introduction of a token economy and blockchain technology to the IoT ecosystem, bringing interoperability to IoT so all devices and systems can work together autonomously, at scale, to realize the full value of IoT, and to build the foundation of the technology, economy and ecosystems of the IoT world.
All statements contained in this Whitepaper, statements made in press releases or in any place accessible by the public and oral statements that may be made by the Foundation, the Distributor and/or the IoTeX team may constitute forward-looking statements (including statements regarding intent, belief or current expectations with respect to market conditions, business strategy and plans, financial condition, specific provisions and risk management practices). You are cautioned not to place undue reliance on these forward-looking statements given that these statements involve known and unknown risks, uncertainties and other factors that may cause the actual future results to be materially different from that described by such forward-looking statements, and no independent third party has reviewed the reasonableness of any such statements or assumptions. These forward-looking statements are applicable only as of the date of this Whitepaper and the Foundation and the IoTeX team expressly disclaims any responsibility (whether express or implied) to release any revisions to these forward- looking statements to reflect events after such date.
In addition to reviewscenter.net will try to provide their observations and make the best review here. But this monitoring is not complete without your comments, messages and reports. So post your comments on the investment system provided at the end of each post or email email@example.com
reviewscenter.net is not a financial and investment system and it never enter into the investment services’s area.
Our main task is to provide the correct payment for hyips and their related data.
reviewscenter.net has no responsibility for your investments.
Do your investment with more observation and investigation.
IoTeX (IOTX) ICO Scam or Not?
Read articles you may want: