IoTeX serves as the blockchain infrastructure for Real-World AI. From 2017 onward, its core framework has supplied decentralized applications and AI systems with authenticated, real-time data from physical environments. Supporting over 40M devices and more than 100 projects in sectors such as health, energy, robotics, and mobility, IoTeX allows developers to create advanced AI applications that generate tangible real-world effects.

To meet the growing need for physical-world data in the AI age, the IoTeX technology stack offers layers for verification, identity, and data:

• IoTeX L1 — an EVM-compatible, secure blockchain utilizing a Roll-DPoS consensus model to handle transaction settlement, participant coordination, and incentive distribution.
• ioID — a decentralized identity framework that validates data sources, AI agents, and devices to establish trust at the source.
• Quicksilver — an interface for real-time data that indexes, verifies, and supplies structured physical-world information to applications and AI models.
• IOTX token — the native digital currency employed for governance, staking, transactions, and rewarding network contributions.

With backing from partners including Nordic Semiconductor, ARM, IEEE, Samsung, and Google, IoTeX is distinctly placed to tap into the multi-trillion-dollar economy of data and AI.

A group of engineers and cryptographers with expertise in distributed systems, security, and blockchain established IoTeX in 2017. The founding team includes:

• Raullen Chai – Co-founder and CEO. He holds a PhD in cryptography and previously led cryptography R&D at Uber.
• Qevan Guo – Co-founder and Head of Ecosystem. A former research scientist at Facebook, he has a PhD in machine learning.
• Jing Sun – Co-founder and Head of Investment & Business Development. She is a partner at Sparkland Capital and brings experience in venture investing and startups.
• Xinxin Fan – Co-founder and Head of Cryptography. He served as a senior research engineer at Bosch Research and holds a PhD in computer engineering.

IoTeX stands out because it was engineered from the start to link physical devices, data, and AI within one blockchain-based ecosystem. Rather than adapting a general-purpose chain for machine use later, its architecture was created on day one to authenticate data from hardware and make it functional for decentralized apps and smart systems.

A key innovation is Realms, a novel data primitive. These act as dynamic knowledge bases that grow as users contribute and AI models process, learn from, and adjust to them. Every Realm structures verified, context-rich data into searchable spaces designed for sectors like robotics, health, energy, and mobility. This setup lets AI safely and intelligently act on live insights from the physical world.

The network merges speed with trust at its core. Its Roll-DPoS consensus mechanism offers rapid finality and handles up to 2,000 transactions per second (TPS), positioning it among the quickest EVM-compatible chains. With a Nakamoto coefficient of 9, the system is approximately four times more decentralized than Ethereum, highlighting its robust security and resilience. Additionally, ioID supplies verifiable digital IDs for people and machines, while Quicksilver AI launches the initial AI agent framework made specifically for DePINs, allowing decentralized AI agents to engage directly with reliable machine data.

By bringing together Realms, verified identity, high-speed infrastructure, decentralized security, and AI-native tools, IoTeX establishes the groundwork for an economy driven by AI and real-world data.

The IoTeX network utilizes its native IOTX token for paying gas fees, staking, and governance purposes. When the mainnet went live in 2019, the project established a total supply of 10 billion IOTX. By August 2025, roughly 9.6 billion IOTX were in circulation against that 10 billion cap.

Community members stake their holdings to help secure the network and take part in governance decisions. Currently, more than 3.6 billion IOTX, which represents about 38% of the supply, are staked to support validator activities and network security.

You can purchase IOTX on numerous global centralized (CEX) and decentralized (DEX) exchanges. Key platforms listing the token include:

• Binance – offers trading against USDT, BTC, ETH, and BNB.
• Coinbase – accessible in the U.S. via USD and USDT pairs.
• Kraken – provides both spot and perpetual futures markets for IOTX.
• Upbit, KuCoin, and Gate.io – feature various trading pairs.
• HashKey Exchange (Hong Kong) – a regulated venue with fiat on-ramps and an IOTX/HKD pair.

Additionally, you may store and stake IOTX using several wallet options, such as the official IoTeX wallet, OKX Wallet, and more than 15 third-party Web3 wallets compatible with the network.