Please review our previous post on Burn-Drop before reading this article.
Earlier this month we announced Burn-Drop, a new tokenomics program where 1 Billion IOTX (10% of total supply) has been allocated to bootstrap the first 1 million “Powered by IoTeX” devices. For every new device that is registered to the IoTeX Network, a new Burn-Drop event will be triggered to drive continuous value to the overall network and individual stakeholders.
⚡ ATTENTION: we have moved from Medium to our own hosted blog at iotex.io/blog⚡
Read Full Post Here >>> Burn-Drop Ignite — Kickstarting on July 31
Founded as an open source platform in 2017, IoTeX is building the Internet of Trusted Things, an open ecosystem where all “things” — humans, machines, businesses, and DApps — can interact with trust and privacy. Backed by a global team of 30+ top research scientists and engineers, IoTeX combines blockchain, secure hardware, and confidential computing to enable next-gen IoT devices, networks, and economies. IoTeX will empower the future decentralized economy by “connecting the physical world, block by block”.