IoTeX is an ecosystem based on blockchain technology to ensure the protection of information in the field of the Internet of Things with open-source code in the GitHub repository. The IoTX coin has a number of distinctive features: there is a burning mechanism, it is used not only by people, but also by smart devices, acts as an incentive and has a limited emission.

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IoTeX

The newest IoTeX Improvement Proposal supports representing staked $IOTX as NFTs. The proposal would facilitate #liquidstaking and DeFi innovations while increasing the staking ratio and security of the @iotex_io network.

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