IOTX Token

IoTeX defines a native token represented by the symbol IOTX . This token is an integral part of the blockchain protocol to reward block-producers for keeping the network running and reward stakeholders for keeping the network secure by voting for delegates and locking their stakes. IOTX Tokens are also required to pay a "GAS fee" when a valid action is sent to the network, and this fee contributes to the rewarding pool for block-producers.

IOTX Fractions

6 fractions of the IOTX token are defined, where 1 Rau is the smallest IOTX token unit:

Fraction

IOTX Value

Rau Value

1 Rau

10⁻¹⁸ IOTX

1 Rau

1 Krau

10⁻¹⁵ IOTX

10³ Rau

1 Mrau

10⁻¹² IOTX

10⁶ Rau

1 Grau

10⁻⁹ IOTX

10⁹ Rau

1 Qev

10⁻⁶ IOTX

10¹² Rau

1 Jing

10⁻³ IOTX

10¹⁵ Rau

1 IOTX

1 IOTX

10¹⁸ Rau

Edit on GitHub