IoTeX Tokenomics — Part 2: DAO-Based Tokenomics

Welcome to the IoTeX Tokenomics series. In Part 1, we explained the utility of the IOTX coin. In Part 2, we introduce the underlying technical principles. In Part 3, we will share how the “Powered by IoTeX” ecosystem will be bootstrapped.

The IoTeX platform is a canvas for builders, service providers, and consumers to interact in a decentralized fashion. As the currency of the IoTeX Network, the IOTX coin plays a critical role to promote fairness, incentivize cooperation, and ensure interactions between network participants are trusted. However, as a “medium of exchange” the IOTX coin cannot single-handedly guarantee network-wide trust. In addition, smart contracts that define and enforce the operating rules of the IoTeX Network, especially how value and information flows between network participants, play a critical role in ensuring a fair, transparent, and trusted ecosystem.

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

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