IoTeX Tokenomics — Part 1: Utility of the IOTX Coin

Welcome to the IoTeX Tokenomics series. In Part 1, we focus on the utility of the IOTX coin. In Part 2, we will introduce the underlying technical principles. In Part 3, we will share how the IoTeX Network will be bootstrapped.

Introduction

IoTeX is a decentralized ecosystem fueled by the IOTX coin, which is native to the IoTeX Network. IOTX has multiple uses (or “utility”) with the goal of enabling trusted and transparent interactions between various entities in the IoTeX Network, including Delegates, stakeholders, product builders, service providers, and consumers. Ultimately, the IOTX coin and complementary tokenomics establish economic and reputational incentives that ensure the IoTeX Network is maintained in a decentralized fashion and “Powered by IoTeX” products are effectively serviced.

Building the Internet of Trusted Things: iotex.io