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

In the IoTeX Network, entities spend, stake, and/or burn IOTX in order to access and utilize various network resources. As the utility of IOTX grows, the demand and value of IOTX will also grow, providing continued incentives for network participants to support, maintain, and service the network. As IoTeX begins to power the world’s first blockchain-secured devices, we are excited to share this complementary tokenomics design that will drive value and network effects to the IoTeX Network.

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⚡ ATTENTION: we have moved from Medium to our own hosted blog at iotex.io/blog

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