IoTeX Delegates Election Kicks Off With Early Bird Staking Bonuses

If you have IOTX tokens in an exchange or a hardware wallet consider staking your tokens now as the voting for delegates began on March 11. You can stake your tokens and earn 20–30% annualized returns for a limited time.

About IoTeX

Founded as an open-source project in 2017, IoTeX is building a privacy-centric blockchain platform for the Internet of Things (IoT). Its mission is to build a decentralized trust fabric for a new era of collaboration and data exchange among devices, applications and people. Backed by a global team of research scientists and top engineers, IoTeX combines blockchain, trusted hardware and edge computing to realize the full potential of IoT.

Internet of Things

The number of IoT devices is expected to surpass 50 billion by 2022. That’s a huge number, and this massive amount of Internet-connected devices will need secure methods of communication and automation in real-time.

There are several technical problems that need to be solved before the full potential of IoT technology can be realized. These include scalability and lack of privacy.

IoTeX plans on solving these problems with a privacy-centric blockchain that provides flexibility and scalability by using a…