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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://steemit.com/ico/@hatu/iotex-explained-in-simple-words",
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      "title": "IoTeX(Internetof Things): Building the Physical world Block by Block",
      "body": "What is IoTeX doing?\n\nIoTeX is building the physical world block by block and by tackling this problem by introducing token economy into IoT spaces. We strongly believe that token incentives combined with community effort are the two key forces that will propel innovations in IoT space.\nWhat does IoTeX aims to do?\nIoTeX aims to bring interoperability to IoT so all devices and systems can work together autonomously, at scale, to realize the full value of IoT. Almost all existing blockchains have limitations when facing IoT environments because they are not built to handle large quantity.\n\n\nWhat does IoTeX supports?\n\nThe IoTeX blockchain supports a variety of IoT ecosystems such as the sharing economy, smart home, supply chain management, and device identity management. IoTeX supports a diverse developer community including IoT hardware manufacturers, IoT device control systems, etc.\n\n\nWhat will IoTeX be in future?\n\nIoTeX will be d foundation of the technology, economy and ecosystems of the IoT world. IoT organizations will construct or reconstruct their business models and ecosystems usin IoTeX blockchain. In this system, users are not only the consumer of IoT devices bt also the marketers.\n\nHow is IoTeX the solution?\n\nThe internet of things (IoT) is engulfing us with a deeper penetration day by day. All your smart devices (things that can connect to the internet) are connected to the internet; examples would be your smartphone, laptop, tablet, smartwatch, etc.\nWith the aid of IoT sensors, almost anything can now be made a part of the IoT. The internet of things is a network in which each autonomous thing shares data with all other things in the network. Given the widespread usage of smart devices, you can imagine how vast the IoT network is. Actually, it’s a lot bigger than that because IoT sensors have been placed in traditionally “unsmart” items and have allowed them to connect to the network too. This ensures that each autonomous device is able to learn from the data being collected by other entities in the network; this collectively allows the world to have smarter devices with each passing second.\n\nOVERVIEW:\n\nGlobal spending on IoT has reached $800 billion and is expected to cross $1 trillion by 2020. Clearly, this market is massive and a lot of money is being poured into it. But much of the interactions both people and companies are having with the IoT are relatively new. This opens up several problems that need to be addressed.\n\nThe amount being spent on IoT is tremendous; generating feasible long-term, sustainable returns from this market requires that companies are able to develop proper economies of scale. This still remains a challenge.\n\nPublic willingness to fully utilize the power of IoT remains low due to understandable privacy concerns. IoT devices are able to store and share tremendous amounts of data—that data includes personal details.\nMany blockchains are being developed to interact with the IoT; the very nature of blockchains at present makes them work independent from each other and this creates plenty of systematic friction.\nIoTeX is a revolutionary blockchain; it combines many technological advances made by its predecessors to develop a product that intuitively targets the problems faced by the IoT market at present.\nIoTeX leverages lightweight stealth addresses which allow users to protect much of their identity. IoTeX provides a means to have a seamless intermediary between the interactions of consumers and IoT devices.\n\nThis factor is of essence to the success of IoTeX’s plan. With consumers’ privacy assured, they are willing to adopt increased interaction with IoT devices. There fear of loss of privacy is satiated. This leads to mass public’s increased interaction with IoT devices, beyond the very basic essential ones such as laptops and smartphones.\n\nAs consumers face little reluctance to adopt IoT devices, businesses too will be more open to adopt them in their services. The cyclical value addition caused by IoTeX’s privacy offering is remarkable. The more IoT devices that enter the IoT network, the more powerful the network becomes and this positive feedback channel continues to internally strengthen itself.\n\n\nTeam members?\n\nThis looks like a very strong team, some with backgrounds in Cryptography and Machine Learning, and from companies such as Google, Facebook, Uber, Intel, Bosch, as well as universities such as University of Waterlook, Stanford University, University of Southern California, and the University of Singapore.\nThe co-founders also have profiles on LinkedIn for those wanting to look into a bit more details on their background:\n· Raullen Chai: https://www.linkedin.com/in/raullenchai/\n· Dong (Qevan Guo): https://www.linkedin.com/in/donguo/\n· Jing Sun: https://www.linkedin.com/in/cbetasun/\nPartners:\nIoTeX has a number of strategic partners including:\n· Trustlook\n· LKK\n· Hofan\n· Coefficient Ventures\n· Hoofoo Wallet\n· Mosaic\nToken info:\n· 10 billion tokens\n· ERC20 token (IOTX) — available prior to main-net launch\n· Native token (IOX) — available post main-net launch. The native tokens will be mineable (similar to PoS) for 50 years. Rewards of the mining will reduce over time based on a linear gradient reduction model.\nToken Sales:\n· Private sales\nAlready concluded, having investment from a large list of big Fund and Capital groups (see IoTeX.Investors section under their main Website, links below)\n· Public sale — Imminent\nOriginally planned for 21-Feb-2018 5pm PST to 28-Feb-2018 5pm PST, however a more recent update on the IoTeX Telegram group indicated the starting date would be pushed back one to two weeks. For those of you interested in this project, it is recommended to get in early for the whitelisting as they had previously indicated they may close the whitelisting process once they hit 10k requests. As per most ICOs around, investors from USA and China will not be able to participate.\nNotable dates:\nWith design and prototyping of key components already completed late 2017, the key dates this year to take note of are:\n· Test-net preview — April 2018\n· Test-net Beta — Jun 2018\n· Main-net — October 2018\n· Pilot dApp launch — Nov 2018\nExchange listings- 24th-28th May on Kucoin.com , Gate.io and Idex and soon to be listed in Hadax.\nExchange listed on till now- Gate.io and Kucoin.com\n\nIoTeX hash id: [Lz8rb]",
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