Review of IoTex (IOTX): BB — Stable Outlook and Moderate Risk
TokenInsight has recently published the rating report for IoTeX(IOTX), which has received a project rating of BB with a stable outlook.
❔What is IoTeX:
IotEx is a decentralized application development platform for the Internet of Things.
Key Points:
✅ Two common problems within the large-scale production and application of IoT devices are hardware constraints (manufacturing costs of sensors and terminals, power consumption, functionalities, etc), and costly infrastructure (current networks are still expensive and transmission rates are not high enough).
✅As a decentralized application development platform for the Internet of Things, IoTeX has proposed its own blockchain solutions to current problems such as low scalability, user privacy, high operating costs, and low usability.
✅IOTX token is not available for public sale. According to CoinMarketCap, the total supply of IOTX is 10 billion and the current circulating supply is about 2.5 billion, which is in line with the officially published supply curve.
✅According to TokenInsight’s observation on IoTeX community data, although the number of IoTeX Telegram group members has recently decreased, the proportion of active users in the group and the number of conversations have increased; at the same time, its official Twitter tweets are posted more frequently.
✅IoTeX’s team currently has about 30 employees, located in the United States, China, Europe, and other places.
Result:
TokenInsight gives BB to IoTex with a stable outlook. Overall, the risk of IoTex is moderate.
About TokenInsight
TokenInsight is an independent third-party data analytics organization whose focus is to provide accurate information and ratings on companies developing in the blockchain industry. TokenInsight is dedicated to providing accurate ratings, research, and analytics that contribute to intelligent financial decisions and market transparency.
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