Hassan Maishera
On Monday, the IoTeX team announced via X that its community members have approved IIP-59, the proposal for Protocol-Native Voter Reward Distribution.
For IOTX holders, voter rewards transition from off-chain servers (Hermes) straight into protocol consensus.
It also means no external service fees, maximizing payout returns for voters. The proposal also ensures deterministic calculations enforced by block validation, no centralized keys or server dependencies.
IoTeX's mission is to be a privacy-centric blockchain managing the entire information lifecycle of an Internet of Things (IoT) network, including data collection, transport, storage, and utilization.
IoTeX is the blockchain platform for Real-World AI. Since 2017, its foundational infrastructure has delivered verified, real-time data from the real world to AI systems and decentralized applications. Powering 100+ projects and 40M devices across mobility, robotics, energy, health, and more, IoTeX enables developers to build next-gen AI models and applications that deliver real-world impact.
The IoTeX tech stack provides the data, identity, and verification layers to fulfill the surging demand for real-world data in the new AI era:
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IoTeX L1 — a secure, EVM-compatible blockchain with a Roll-DPoS consensus mechanism that settles transactions, coordinates participants, and distributes incentives.
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ioID — a decentralized identity system that authenticates devices, AI agents, and data sources to ensure trust at the point of origin.
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Quicksilver — a real-time data interface that verifies, indexes, and delivers structured physical-world data to AI models and applications.
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IOTX token — the native digital asset used for transactions, staking, governance, and rewarding contributions to the network.
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Trusted by partners like Google, Samsung, IEEE, ARM, and Nordic Semiconductor, IoTeX is uniquely positioned to capture the multi-trillion-dollar AI and data economy.
IOTX is down 1.4% today and is currently trading at $0.002547.
