Whitepaper read

IOTX

IOTX · IoTeX

UtilityNative fuel of the IoTeX network — pays for transactions and computation.

What it is

IoTeX is a DePIN, RWA, and verifiable-AI Layer 1 blockchain connecting real-world devices and machine data to the chain. Read the official IoTeX Foundation MiCA whitepaper v1.0 dated 2025-10-05.

Technology & consensus

Roll-DPoS Layer 1 (paper cites ~1,000+ TPS); delegates elected by stakers produce blocks; devices register identities (ioID) via token burns.

Token utility

Native gas for the IoTeX L1; staking and governance medium (veIOTX after a 91-day lock); burn mechanism to register devices and obtain ioID credentials; collateral for the Modular Security Pool (restaking); optional settlement asset for DePIN Infrastructure Modules such as W3bstream, ioConnect, and ioDDK.

Key risks & notes

Genesis supply 10 billion IOTX with mild staking inflation balanced by usage burns (EIP-1559-style gas burn, device registration burn). The paper states holding IOTX gives no claim on the Foundation, profits, or underlying assets and no passive income; value is entirely market-driven. Risks: delegate concentration, inflation versus burn demand, device-oracle and data integrity, DePIN competition, and regulatory or technical change.

Primary source

Read the official whitepaper →

Research status

Classification: Whitepaper read · Researched 2026-09-15 · Source material: official project documents only.

Machine-readable summary →

👁️ Evidence dossier · native asset

Verification classNativeFORA-01 scale — verification, not a quality ranking

Claim type · Utility / gas token · Native asset (FORA-01 amendment)

What does the holder own?

Title, redemption claim, fractional ownership, reserve exposure — or just narrative.

Native gas of the IoTeX DePIN L1 — staking and governance medium, device-registration burn, and restaking collateral. Evidence: the open protocol — the token is the chain’s native unit by consensus rules; there is no issuer to claim against.

high confidence

Verified

Who holds the underlying?

Needs an identifiable custodian or entity — not a wallet address or a label.

No custodian — the asset is bearer-native by design; there is nothing for anyone to hold.

structural — not a verdict

N/A

How are reserves checked?

Custodian records → inventory → third-party audit → supply reconciliation.

No reserves to audit — supply is verified by the protocol’s own ledger, not by a custodian’s books.

structural — not a verdict

N/A

How does redemption work?

Eligibility, minimums, fees, KYC, settlement — and what happens to the token.

No redemption — there is no claim to redeem, only the asset itself.

structural — not a verdict

N/A

Who is liable if redemption fails?

A legally accountable entity and jurisdiction — not a DAO label.

No liable entity — the network has no issuer and no obligor to name.

structural — not a verdict

N/A

N/A means structurally inapplicable. The question assumes a claim-token structure that doesn’t exist here. It is not a verdict and not a research gap. For a native asset, Q1 is the whole story: the holder owns the thing itself. Method: FORA-01 Asset Claim Verification Protocol.

❔ Frequently asked questions

What is IOTX (IOTX)?

IoTeX is a DePIN, RWA, and verifiable-AI Layer 1 blockchain connecting real-world devices and machine data to the chain. Read the official IoTeX Foundation MiCA whitepaper v1.0 dated 2025-10-05.

What does the holder own?

What is IOTX's verification status?

IOTX (IOTX) carries verification class NATIVE (Native): a bearer-native asset, verified as the thing itself rather than scored on the claim axis. What would change it: If evidence showed an issuer claim or a redemption promise, it would return to the full five-question treatment.

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