IoTeX is now on Okcoin

IoTeX (IOTX) is now available on Okcoin. Here’s what the project is all about, in simple terms.

TL;DR

• What? You can now deposit and trade IOTX against USD on Okcoin.
• Who? All Okcoin customers including those in the United States, except for residents of  the EU, the UK, Singapore, and Brunei.
• When? Deposits for IOTX are live as of June 15. Withdrawals and trading for IOTX are live as of June 16 at 10am PT. IOTX quick buy is coming soon.

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What’s IoTeX (IOTX)?

Internet of Things (IoT) devices can carry a lot of sensitive information about their users. While the advantages of IoT devices can be substantial, many of these smart devices may lack the security and privacy settings potentially necessary to protect data exchanges. IoTeX was created to address this issue.

IoTeX (IOTX) is a decentralized, privacy-focused blockchain built for IoT devices. IoTeX’s goal is to create an “Internet of Trusted Things” in which all physical and virtual “things” — persons, machines, businesses, and dApps — can share information and value securely on a global scale. With this technology, users can own their own data, rather than giving it to centralized businesses. 

IOTX is the protocol’s utility token. It is used to make sure that interactions between different entities in the IoTeX network are trustworthy and open. It is also used to register devices, pay for gas fees, stake, and take part in community governance.

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