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