KuCoin as one of the most advanced cryptocurrency exchange markets is proudly announcing that they have listed IoTex. The supported trading pairs include IOTX/BTC and IOTX/ETH.
The schedule are as follow:
IOTX Buying order: 13:30 May 25, 2018 (UTC+8)
IOTX Selling order: 14:00 May 25, 2018 (UTC+8)
IOTX Withdrawal: 14:00 May 27, 2018 (UTC+8)
IoTex is the next-generation decentralized network created for the Internet of Things (IoT). It is a network of various blockchains, hierarchically organized, capable of operating concurrently with one another while staying interoperable. The rootchain is concentrated on scalability, robustness, maintaining privacy and arranging independent subchains. Subchains distribute something in similar either in operative purpose, running environment or trust levels. Subchains can convey value and data to the root or another subchain, but should a subchain experience a cyber attack or software bugs; the rootchain is unaffected. It is one of four key innovations that make IoTeX uniquely placed to manage IoT environments.
IoTex Token and Incentives
Inflation is one of the issues for financial valuation. IoTex address inflation by fixing the entire stock of IoTeX tokens at the beginning. There will be 10 billion IoTeX tokens. Before the launch of IoTeX mainnet, the distributed IoTeX token will be an ERC20 token (ticker: IOTX) on Ethereum, which is not minable. Promptly after the launch of IoTeX mainnet, they will work with exchanges to support IoTeX token holders obtain their native IoTeX coins (ticker: IOX). A native currency will be mineable, comparable to PoS, for 50 years. Rewards of the mining will decrease over time based on a linear gradient reduction model.
By incentives developed around digital tokens, it is either their own or IOX – disseminated to users, developers on IoTeX blockchain don’t have to depend on selling customer data to gain a profit beyond just the one-time purchase of a device that doesn’t include the operating charges of operating IoT at scale. IoTeX Blockchain creates a marketplace where:
1) End users are welcome to sell their information in exchange for tokens or not and keep it private.
2) Lend something they own like a car or excess electricity produced by home solar panels in the sharing economy.
3) Easily advance their applications and assistance for subchains.
KuCoin is a cryptocurrency exchange platform that was launched on September 15th, 2017. The platform is, therefore, one of the “new players” on the crypto business. It is a modern platform that provides a very secure impression. It was organized by a group of blockchain enthusiasts who have an outstanding distinction in other significant projects in the industry like GF Securities, Ant Financial, iBOX PAY, Jianbang Communication and Youling.