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.
IOTXTokens 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.
6 fractions of the IOTX token are defined, where
1 Rauis the smallest