Review of ioeX(IOEX): B — Stable Outlook and Moderate Risk
TokenInsight has recently published the rating report for IOEX network(IOEX), which has received a project rating of B with a stable outlook.
❔What is IOEX network:
ioeX (Internet of Everything) is a network based on distributed smart devices.
Key Points:
✅ The IoT industry is still in its infancy and further growing with broad prospects.
✅The IoT industry faces many challenges while developing rapidly, and blockchain technology can eliminate some major pain points.
✅ ioeX uses blockchain technology to help smart hardware upgrade through distributed and decentralized network services, to reduce the cost taken on by hardware manufacturers.
✅Throughout the ecosystem of ioeX, its network consists of two layers: a bootstrap network and a peer network.
✅ According to ioeX’s official plan, applicable token use-case
scenarios include payment for service fee, block rewards, purchase of equipment, etc.
✅According to ioeX official information, ioeX team consists of 21 members, including 9 executive team members and 12 technical team members accounting for 57%.
✅Recently, the projects community popularity has increased considerably, and the number of telegram group chats and Twitter posts increased to a certain extent in recent days. It is worth mentioning that the activity of the official telegram group has increased significantly.
Result:
TokenInsight gives B to ioeX with a stable outlook. Overall, the risk of ioeX is moderate.
Learn more about ioeX
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