IOTX is an Ethereum token that powers IoTeX, a platform that aims to connect IoT devices (such as cameras and sensors) and decentralized applications. IOTX can be used to pay for transactions, for staking and governance, and to register new devices on the IoTeX network

It works by connecting machines with humans through a scalable blockchain network. While scalability is a major issue for many blockchain networks, IoTeX overcomes this hurdle by enabling real-time transactions at very low cost.

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