What Is IoTeX?

IoTeX is the blockchain platform for Real-World AI. Since 2017, its foundational infrastructure has delivered verified, real-time data from the real world to AI systems and decentralized applications. Powering 100+ projects and 40M devices across mobility, robotics, energy, health, and more, IoTeX enables developers to build next-gen AI models and applications that deliver real-world impact.

The IoTeX tech stack provides the data, identity, and verification layers to fulfill the surging demand for real-world data in the new AI era:

• IoTeX L1 — a secure, EVM-compatible blockchain with a Roll-DPoS consensus mechanism that settles transactions, coordinates participants, and distributes incentives.
• ioID — a decentralized identity system that authenticates devices, AI agents, and data sources to ensure trust at the point of origin.
• Quicksilver — a real-time data interface that verifies, indexes, and delivers structured physical-world data to AI models and applications.
• IOTX token — the native digital asset used for transactions, staking, governance, and rewarding contributions to the network.

Trusted by partners like Google, Samsung, IEEE, ARM, and Nordic Semiconductor, IoTeX is uniquely positioned to capture the multi-trillion-dollar AI and data economy.

Who Are The Founders of IoTeX?

IoTeX was founded in 2017 by a team of cryptographers and engineers with backgrounds in blockchain, security, and distributed systems:

• Raullen Chai – Co-founder and CEO. Formerly head of cryptography R&D at Uber, with a PhD in cryptography.
• Qevan Guo – Co-founder and Head of Ecosystem. Former research scientist at Facebook with a PhD in machine learning.
• Jing Sun – Co-founder and Head of Investment & Business Development. Partner at Sparkland Capital with experience in venture investing and startups.
• Xinxin Fan – Co-founder and Head of Cryptography. Former senior research engineer at Bosch Research with a PhD in computer engineering.

What Makes IoTeX Unique?

IoTeX is unique because it was purpose-built to connect real-world devices, data, and AI into a single blockchain-powered ecosystem. Unlike general-purpose blockchains that were later adapted for machine use, IoTeX’s architecture was designed from day one to verify data from physical devices and make it usable for decentralized applications and intelligent systems.

A defining innovation of IoTeX is Realms—a new type of data primitive. Realms serve as living knowledge bases that continuously evolve as participants contribute and as AI systems consume, learn from, and adapt to them. Each Realm organizes verified, contextualized data into queryable environments tailored to domains such as mobility, energy, health, and robotics. This allows AI to access real-time insights about the physical world and act safely and intelligently.

IoTeX also combines performance and trust at the base layer. Its Roll-DPoS consensus delivers fast finality and throughput of up to 2,000 transactions per second (TPS), making it one of the fastest EVM-compatible chains. The network has a Nakamoto coefficient of 9, which is roughly four times more decentralized than Ethereum, underscoring its strong security and resilience. On top of this, ioID provides verifiable digital identities for both humans and machines, while Quicksilver AI introduces the first AI agent framework built specifically for DePINs, enabling decentralized AI agents to interact directly with trusted machine data.

By uniting Realms, verifiable identity, high-throughput infrastructure, decentralized security, and AI-native frameworks, IoTeX provides the foundation for the AI + real-world data economy.

How Many IOTX Coins Are There in Circulation?

IoTeX’s native token, IOTX, is used for gas fees, staking, and governance. At mainnet launch in 2019, IoTeX created a total supply of 10 billion IOTX. As of August 2025, the circulating supply is approximately 9.6 billion IOTX out of a maximum supply of 10 billion.

IOTX holders can stake tokens to participate in network governance and secure the network. Over 3.6 billion IOTX (about 38% of supply) is currently staked by the community to back network security and validator operations.

Where Can I Buy IoTeX (IOTX)?

IOTX is available on a wide range of global cryptocurrency DEXes and CEXes. Major platforms that list IOTX include:

• Binance – trading pairs with USDT, BTC, ETH, and BNB.
• Coinbase – available in the U.S. with USD and USDT pairs.
• Kraken – IOTX spot and perpetual futures trading.
• Upbit, KuCoin, and Gate.io – multiple trading pairs.
• HashKey Exchange (Hong Kong) – regulated fiat on-ramp and IOTX/HKD pair.

IOTX can also be stored and staked in a variety of wallets, including the official IoTeX wallet, OKX Wallet, and over 15 third-party Web3 wallets that support the network.