Greetings our dear supporters! We are back with our Monthly Project Update for June 2020. This past month marked an important milestone for our project, which was our Mainnet GA launch that unleashed new technology, governance, and ecosystem tools to supercharge our vision for the Internet of Trusted Things.

We quickly followed up on our Mainnet GA launch with a month packed with new announcements regarding tokenomics, partnerships, presentations, and technology releases. Get up to speed with our summary below!

IoTeX Announces IoT-Oriented Tokenomics

Part 1: Utility of the IOTX Coin

The IoTeX platform is a canvas for builders, service providers, and consumers who spend, stake, and burn $IOTX for a variety of purposes — gas fees, governance, device registration, and stake-to-service.

Part 2: DAO-Based Tokenomics

IoTeX DAOs will fuel radically transparent interactions between builders, service providers, and consumers.

Part 3: Burn-Drop to Bootstrap

Introducing Burn-Drop, a one-of-a-kind Tokenomics program for the IoTeX Network — a total of 1 Billion $IOTX will be Burn-Dropped to bootstrap the first 1 Million “Powered by IoTeX” devices!

Introducing ioPay 1.0 — the most secure and user-friendly IoTeX wallet

Pantheon for Enterprise is Officially Open-Source

Burning 2.65% of Total IOTX Supply from Foundation Funds

IoTeX Presents Pantheon at Industrial Internet Consortium Q2 Member Meeting

Thought Leadership

The Blockchain Show podcast, featuring Raullen Chai & Larry Pang

IoTeX In the Media

Coindesk 🎙 : IoTeX Joins Confidential Computing Consortium (CCC) alongside Facebook, Google, Microsoft, and more!

Community Initiatives & Campaigns

🔖 Livestream AMA Summary — June 25

🔖 Telegram Sticker Campaign — check out the best stickers from our community!

IoTeX News

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About IoTeX

Founded as an open-source platform in 2017, IoTeX is building the Internet of Trusted Things, an open ecosystem where all “things” — humans, machines, businesses, and DApps — can interact with trust and privacy. Backed by a global team of 30+ top research scientists and engineers, IoTeX combines blockchain, secure hardware, and confidential computing to enable next-gen IoT devices, networks, and economies. IoTeX will empower the future decentralized economy by “connecting the physical world, block by block”.

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