What is IOTX coin? What can IOTX coins do? How to store IOTX coins?

As the native cryptocurrency of the IoTeX network, IOTX coins enable users to stake, pay for transactions, vote on governance proposals, and access dApps on the network.

Oct 24, 2024 at 01:58 pm

What is IOTX coin?

IOTX coin is the native cryptocurrency of the IoTeX network, a decentralized network that connects the physical world to the blockchain. IoTeX aims to provide a secure and efficient way for devices to communicate with each other and the Internet.

What can IOTX coins do?

IOTX coins can be used to:

• Stake: IOTX holders can stake their coins to earn rewards and help secure the network.
• Pay for transactions: IOTX coins are used to pay for transactions on the IoTeX network, such as sending data or tokens.
• Vote: IOTX holders can vote on proposals to govern the IoTeX network.
• Access decentralized applications: IOTX coins can be used to access decentralized applications (dApps) built on the IoTeX network.

How to store IOTX coins?

IOTX coins can be stored in a variety of ways, including:

• Hardware wallets: Hardware wallets are physical devices that store cryptocurrency offline, providing the highest level of security.
• Software wallets: Software wallets are digital wallets that store cryptocurrency on a computer or mobile device.
• Exchanges: Exchanges allow you to buy, sell, and store cryptocurrency.

Here are some of the best hardware wallets for storing IOTX coins:

1. Ledger Nano X
2. Trezor Model T
3. SafePal S1

Here are some of the best software wallets for storing IOTX coins:

1. Exodus
2. Trust Wallet
3. MetaMask

Here are some of the best exchanges for storing IOTX coins:

1. OKX
2. Huobi
3. Binance