Business Idea

IoTeX is the next generation of IoT-oriented blockbuster platform with huge scalability, confidentiality, isolation and the ability to develop for incubating new applications and IoT ecosystems.

IoT has developed rapidly over the past few years, but there are not enough real "killer applications" (revolutionary innovations). McKinsey predicted that by 2025 the IoT industry will be able to reach a performance of 11.1 trillion by economic indicators. dollars per year. Despite the potential of IoT, there are a number of obstacles to development: lack of scalability, privacy issues and lack of functional values. IoTeX solves these problems by introducing the "blockchain-in-blockchain" architecture with a token-economy. By combining the token of stimulation with community efforts, we believe that we can direct the crowdsource industry and the community's talents to solve these technical problems in the development of IoT.

Sold on pre-sale: 21,882,825 USD   

The final allocation: TBA

Can’t participate: USA, China.

Pros

• Good business idea.
• Strong team based on information provided on website.

Blockchain-in-blockchain architecture that provides privacy and prevents leakage of  IoT information;

Built-in confidentiality based on simplified cryptography;

Real-time consensus with instant completion, which improves network bandwidth and reduces the cost of transactions, and increases the efficiency of cross-mail messages;

Subchain-as-a-service (SAAS) for faster prototyping and production of new IoT applications and ecosystems

Cons

• No information about this project on search engines which can grand lower rate of adoption and interest of other markets participants to this project.
• Marketing of the project is poorly developed in social networks, small subscribers and those people who are interested in the project.

Social Media

Twitter – 2146 followers, couple of two posts a day. On average, over 2 retwitts and 10-13 likes per post.

Telegram – 57555 members with hi activity, the admins are answering actively to member’s questions.

News

Whitelisting- TBA

Token sale : TBA

Accepts: ETH

2018

April – Testnet preview launch.

June – Lightweight crypto lib preview launch; Testnet beta launch.

October – Mainnet launch(w/support of cross chain communication and lightweight crypto lib).

November – Subchain SDK preview launch; 1st Pilot DApp launch.

2019

February – Lightweight client launch; Hadware – based security enhancement fot IoT devices. May – 2nd Pilot IoT DApp on subchain launch.

Team

Raullen Chai – Co-founder.

Ph.D and Research Scientist in Cryptography at UWaterloo. Head of Crypto R&D at Uber, Security Engineer at Google. 8+ Years of experience in cryptography and blockchain.

Qevan Guo – Co-founder.

Ph.D in Machine Learning and Computer Vision at National University of Singapore. Engineering Manager and Research Scientist at Facebook. Growth Hacker. Startup investor and advisor. 20+ publications/patents.

Jing Sun – Co – founder.

Founding partner of Sparkland Capital, focusing on Fontier Tech, lead 40 + investment and innovations in blockchain, security and IoT. Board director on numerous companies. Extensive experience in startup, investments and building up ecosystem.

Xinxin Fan – Head of Cryptography.

Ph.D in Cryptography at UWaterloo. Sr. Research. 14 Years of research and industry experience in information security and crypto.

40+ publications/patents.