Buy Wrapped IoTeX Network (BSC) (IOTX2)
What is Binance-Peg IoTeX?
Binance-Peg IoTeX is a pegged token on the Binance Smart Chain (BSC), representing IoTeX's native token, IOTX. It is designed to facilitate interaction between the IoTeX network and the Binance Smart Chain, enhancing interoperability and usability across both ecosystems.
How does Binance-Peg IoTeX work?
Binance-Peg IoTeX operates on the Binance Smart Chain, utilising a Proof of Staked Authority (PoSA) consensus mechanism. This combines aspects of both Proof of Stake (PoS) and Proof of Authority (PoA). Validators, chosen based on the quantity of BNB they stake, create new blocks on the network. The pegged nature of the token ensures it maintains a 1:1 backing with the native IoTeX token, enabling seamless interaction between the IoTeX network and Binance Smart Chain.
What are the potential use cases for Binance-Peg IoTeX?
The potential use cases for Binance-Peg IoTeX are closely tied to the broader applications of the IoTeX network, which focuses on IoT and blockchain technology. Use cases include integration with smart devices, facilitating secure data interactions, DePIN structures, cross-chain interoperability, and various real-world applications like the Ucam and Pebble Tracker. Partnerships with entities like Binance Smart Chain enhance its utility in decentralised finance and IoT sectors.
What is the history of Binance-Peg IoTeX?
IoTeX was founded by Xinxin Fan, Raullen Chai, Jing Sun, and Qevan Guo with the intent to create a blockchain framework for IoT devices. Launched in 2017, IoTeX focuses on building the 'Internet of Trusted Things.' The Binace-Peg IoTeX token emerged with the strategic integration of Binance Smart Chain, enabling the IoTeX ecosystem to leverage BSC's interoperability features. Its rollout included the ioTube v5 cross-chain bridge, enhancing the utility of Binance-Peg IoTeX through seamless token swaps across multiple blockchains.
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Frequently Asked Questions (FAQs)
What is the current price of Wrapped IoTeX Network (BSC) (IOTX2)?
The Wrapped IoTeX Network (BSC) price is $0.06003479 AUD, representing a -7.39% from the day prior.
Where is the best place to buy Wrapped IoTeX Network (BSC) (IOTX2) in Australia?
The best place to buy Wrapped IoTeX Network (BSC) (IOTX2) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Wrapped IoTeX Network (BSC) (IOTX2) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Wrapped IoTeX Network (BSC) (IOTX2)?
The trading volume of Wrapped IoTeX Network (BSC) (IOTX2) is $20.7M AUD in the last 24hrs, representing a -7.39% from the day prior.
How can I buy Wrapped IoTeX Network (BSC) (IOTX2)?
Wrapped IoTeX Network (BSC) (IOTX2) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Wrapped IoTeX Network (BSC) (IOTX2)?
The current market cap of Wrapped IoTeX Network (BSC) (IOTX2) is $553.4M AUD.
Can I convert Wrapped IoTeX Network (BSC) (IOTX2) to cash?
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The current circulating supply of Wrapped IoTeX Network (BSC) (IOTX2) is 9.4B.
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