💡Why IoTeX

Discover why IoTeX is the ideal platform for building and deploying your Decentralized Physical Infrastructure Network (DePIN) projects. Explore the key features and advantages that make IoTeX stand out.

1. Modular DePIN Infrastructure

IoTeX offers a modular approach allowing DePIN projects to construct a tech stack tailored to their needs. This includes critical products built in-house by IoTeX and integrations with partner products from top projects. This modularity enables DePIN builders to focus on what they do best (their infrastructure) while utilizing cutting-edge Web3 technologies such as Decentralized Identities, off-chain scaling, zero-knowledge proofs, and artificial intelligence​​.

Modular Infrastructure and integration of various technologies for DePINs

2. MSP: A Unified Security Layer for DePINs

The IoTeX Modular Security Pool (MSP) provides a unified trusted layer, offering security and trust to DePIN Infrastructure Modules (DIMs) and DePIN applications. This system leverages existing security from established L1 blockchains like IoTeX, Bitcoin, and Ethereum, and utilizes restaking to ensure a robust and secure foundation for new projects​​.

Modular Security Pool (MSP) architecture and its interaction with DIMs and L1 blockchains

3. End-to-End Support for DePIN Lifecycle

IoTeX 2.0 offers full support for DePIN projects throughout their lifecycle. From initial stages focused on tech stack development to later stages requiring scalability and decentralization, IoTeX provides the necessary infrastructure and public resources to capture attention, liquidity, and users​​.

Support for DePIN projects from initial tech stack development to scalability and decentralization

4. Public Goods and Resources: tools for DePIN growth

IoTeX provides a suite of public goods designed to support DePIN builders. These include user-facing tools (e.g., explorers, wallets, bridges), developer-focused tools (e.g., IDEs, SDKs), and network-wide resources (e.g., governance, accelerator, liquidity). This ecosystem of tools and resources helps builders launch their projects more easily and provides the foundation for growth​​.

depinscan.io another public good resource available to DePIN builders

5. Meritocratic Tokenomics: Incentivizing Value

IoTeX employs a meritocratic tokenomics system designed to reward significant contributions. The IOTX token is more than just an L1 protocol token, it is used to incentivize various DePIN stakeholders, ensuring that rewards are distributed based on the value provided to the network. This system drives new utility to the IOTX token, making it a foundational currency for the DePIN sector​​.

Reward distribution system and utility of the IOTX token

6. Leading the Innovation with Cutting-edge Technologies

IoTeX integrates advanced technologies such as zero-knowledge proofs (ZKP), trusted execution environments (TEE), and self-sovereign identity (SSI) for devices. These technologies enhance security, scalability, and trust within DePIN projects, enabling innovative and secure applications​​.

Integration of technologies like zero-knowledge proofs (ZKP), trusted execution environments (TEE), and self-sovereign identity (SSI)

7. Decentralized Governance

In addition to the existing decentralized process for managing Improvement Proposals for the blockchain, IoTeX 2.0 introduces one more important pillar for decentralized governance: The Marshall DAO (IIP-23). Marshall DAO is a Decentralized Autonomous Organization that will enable IoTeX stakeholders to make proposals regarding how to allocate IOTX incentives to grow the IoTeX ecosystem, including onboarding reputable DePIN projects and funding network-wide initiatives. This creates a transparent and meritocratic system where the best projects are funded using IOTX. allowing stakeholders to contribute to the growth of the IoTeX ecosystem.