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.1 Rau
is the smallest IOTX
token unit: