IoTeX Tokenomics — Part 3: Burn-Drop to Bootstrap 1 Million IoTeX Devices!

Welcome to the IoTeX Tokenomics series. In Part 1, we explained the utility of the IOTX coin. In Part 2, we introduced the DAO-based tokenomics design. In Part 3, we share how the “Powered by IoTeX” ecosystem will be bootstrapped.

Introduction

The IoTeX Network has limitless potential. With 25 billion IoT devices in the world today and 100 billion IoT devices coming by 2025, IoTeX will empower the next generation of human-centered smart devices. The biggest challenge for any new ecosystem is bootstrapping (i.e., going from 0 → 1) — we are excited to share new tokenomics-based initiatives to bootstrap the first 1 million “Powered by IoTeX” devices.

About IoTeX

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”.

Building the Internet of Trusted Things: iotex.io