IoTeX
Crypto Overview
Project Overview
IoTeX is a decentralized blockchain platform specifically designed to serve the Internet of Things (IoT) ecosystem. Launched in 2017, IoTeX aims to create a scalable, private, and secure infrastructure for IoT devices and applications.
Intended Utility
The IOTX token serves multiple purposes within the IoTeX ecosystem: It acts as the native currency for transaction fees, enables staking for network security, powers smart contract execution, and provides governance rights for protocol decisions. The platform facilitates machine-to-machine interactions, data monetization, and decentralized identity management for IoT devices.
Actual Utility & Development
IoTeX has demonstrated significant real-world implementation through various initiatives: The platform has launched practical IoT products like Ucam (a blockchain-powered home security camera) and Pebble Tracker (a real-world data oracle device). The network processes millions of transactions and has integrated with numerous IoT manufacturers.
Token Distribution & Governance
The token distribution appears balanced with transparent vesting schedules. The team holds approximately 25% of tokens with a clear long-term vesting schedule. The remaining tokens are distributed among public sale participants, ecosystem development, and network staking rewards. The project maintains active development with regular GitHub commits and ecosystem updates.
Business Model Analysis
The business model focuses on creating real value through IoT integration and machine-to-machine economy. There is no evidence of interest-based mechanisms or involvement in prohibited industries. The revenue model is based on legitimate technological services and network usage fees.
Crypto Impact
To assign a comfort level investing in IoTeX from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to IoTeX.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.