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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"This is what the blockchain was meant to do. – @ai on the convergence of AI and Web3.