• Attention! If you want to see both (Russian and English) localizations of the forum, go to the profile preferences and select "Display nodes in all languages". By default, you are shown the localization that corresponds to your interface language.

    Внимание! Если вы хотите видеть обе (Русскую и Английскую) локализации форума, пройдите в настройки профиля и выберите пункт «Отображать разделы на всех языках». По умолчанию, вам отображается та локализация, которая соответствует вашему языку интерфейса.

Blockchain IoTeX

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PoS CEO Summit (June, 15) - Who can be my node? Stake or not? - Raullen Chai - speaker!!!
Who else are participates of this forum?

Speakers: Ronghui Gu (Computer Science at Columbia, Certik), Stephen Tse (Harmony), Mo Dong (Celer), Raullen Chai (IoTeX), MacLane Wilkison (Nucypher), Judy Yan (DHVC), Jim Jia (HashFuture), Scott Smiley (ICON), Steve Wei (Top Network), Jonathan Shi (InfStones).

Location?

San Antonio Rd, Palo Alto (USA)

Time?

Saturday, June 15, 2:20 PM

550


Start analyzing IoTeX Network data today with NEW IoTeX Explorer
With an updated UI design and query-able metrics via GraphQL, the IoTeX Explorer is sleeker and more transparent than ever! Both tech/non-tech users can easily read/analyze data related to the IoTeX blockchain!
🔍iotexscan.io

We hope this helpful data visualization tool will help everyone — voters, developers, Delegates — understand IoTeX blockchain more. We encourage you to build your own front end data visualizations leveraging our GraphQL Playground. Please reach out to an IoTeX team member if you have any questions or suggestions!

See our latest blog post
 
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Vitality (VITA) Token: First AirDrop & FAQs


VITA will be officially launched on Monday, June 17:
  • First VITA tokens will be minted via decentralized smart contract
  • All IoTeX voters can claim VITA repeatedly (tutorial coming soon)
  • Launch of VITA Discord with airdrops, giveaways, lotteries, and more!
In this blog post, we answer frequently asked questions (FAQs) about VITA.If you didn’t catch our VITA introduction post, please check it out here.
Q: What is VITA?
Vitality (VITA) is a decentralized token for the IoTeX community, which places community governance/incentives on the IoTeX blockchain and serves as an important step in creating an autonomous and decentralized community. VITA is distributed to all the active IoTeX community members and VITA will be usable in future community-facing IoTeX DApps.
The first VITA-enabled DApps are all about rewarding the community — enter giveaways / lotteries and win IoTeX swag + thousands of IoT products from IoTeX’s global partner network! You can also earn VITA by completing fun tasks to help grow the IoTeX network.

Q: Why create VITA instead of using IOTX?
IOTX and VITA serve very different purposes in the IoTeX Network. IOTX is used to maintain network-wide security and consensus (txns/contracts, mining, staking/voting, registering Layer 2 chains). VITA is used to incentivize and reward community activity. It is important to consider long-term adaptability and not over-complicate the utility of any single token.

Q: What is the total supply of VITA?
VITA is a non-premined token and the total supply of VITA is 5 billion. For the first three months after VITA is launched, 9 million VITA tokens will be minted every cycle (25 hours). Every 90 cycles (~3 months), the amount of VITA minted every cycle will decrease by 15%.

Q: How will VITA be distributed?
Starting on June 17, new VITA tokens will be minted every cycle (25 hours) and distributed across three pools:
  • Staking Pool: 60% of new VITA will be added to the Staking Pool, which will be “claim-able” by all IoTeX voters daily. A voter’s daily share of claim-able VITA is based on their votes.
  • Community Pool: 20% of new VITA will be added to the Community Pool. Anyone can earn VITA by completing fun tasks, making referrals, and growing the community.
  • Donation Pool: 20% of new VITA will be added to a daily Donation Pool. Anyone can donate IOTX to the daily pool and receive VITA in return, where the # of IOTX one donates is proportional to # of VITA received. The donated IOTX will be added to the Delegates Rewards Pool to further secure the network.
Q: Why 25 hour VITA minting cycles?
The minting cycle for new VITA is set to 25 hours to ensure equal opportunity in the VITA Bidding Pool. With 25 hour cycles, we rotate Bidding Pool end times across different regions.

Q: How do I claim and store VITA?
VITA is a fully decentralized token — it is minted and claimed via smart contract. Each voter will be responsible for claiming their share of new VITA daily via smart contract — the process is simple and will teach elementary blockchain skills to all VITA users.
The VITA-claim smart contract will be easily accessible via IoTeX Web & Desktop Wallets — to access your wallet, you will need the private key from your ETH staking/voting account (note: your ETH account has a corresponding IoTeX account that shares the same private key).
We will provide detailed tutorials on how to claim VITA later this week.

Q: What will happen to unclaimed VITA from the Staking Pool?
Any VITA unclaimed after each 25-hour cycle will be re-distributed as follows:
  • 25% will be added to the following day’s Staking Pool
  • 50% will go to Community Pool to grow the community
  • 25% will be added to the following day’s Donation Pool
Q: I am an IoTeX voter — does VITA affect anything?
The only way that VITA is linked to the staking/voting process is that more staked IOTX = more VITA to claim! Otherwise, VITA does not change anything about the current staking/voting process. You will not need to adjust your voting buckets in any way. The IOTX rewards you receive from Delegates will not change. If you are not interested in VITA, you do not have to participate and it will be business as usual!

Q: What kind of token is VITA?
VITA is an XRC20 token running on the IoTeX Network. XRC20 tokens are issued and managed by smart contract. In the future, there will be many XRC20 tokens launched on the IoTeX Network from developers and enterprises for their dApps or ecosystems. Note: the only native token of IoTeX Network is IOTX.

Q: Is VITA tradeable?
VITA is a decentralized token — exchanges are able to list VITA as they wish.

Q: Will there be a VITA Airdrop?
Yes, there will be airdrop events in the VITA Discord and by other means. All voters can claim VITA daily. Also, there will be a one-time VITA reward for Genesis Voters (i.e., those that voted before Mainnet launch) during the week of June 17 as planned in the beginning of IoTeX voting program.

Q: What will happen to the current IoTeX points system?
The current points system will be discontinued in the future. The points will be redeemable to IOTX before the discontinuation.



"Congrats iotex blockchain for finishing its first hardfork at height 432001 smoothly!" (Raullen Chai)
 

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The new swap contract address
The new swap contract address is 👇

0x450caB2535D57cE9df625297D796aee266611728
⚠ Please STOP using the former swap contract: 0x0xB907****6fc3.

Our Swap to IOTX (native) feature is re-opened now at

📌https://member.iotex.io/tools/iotex

✅ If you processed the swap with the old address (0x0xB907****6fc3) before 6/18/2019 PDT but failed to receive the native tokens, don’t worry - you will receive the pending swap IOTX (native) in the coming 1-2 days


Claiming VITA — Step-by-Step Instructions for IoTeX Voters

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Vitality (VITA) has officially launched on June 18 at 12am PDT! For those new to VITA, please review the VITA Introduction & VITA FAQs blogs first.

🚨Step #1: Join VITA Discord — your hub to earn/use/discuss VITA! 🚨

Claiming VITA for IoTeX Voters
Vitality (VITA) is an IoTeX Network token that directly rewards and promotes active community. All IoTeX voters are allocated a daily share of VITA which they can claim — new VITA can be claimed every day via IoTeX Wallets!

  • Web Wallet: see IoTeX Explorer → “Tools” section: iotexscan.io/wallet
  • Desktop Wallet: latest Desktop Wallet v0.4.1 supports VITA claiming
  • Mobile Wallet: pre-release Android Wallet supports VITA (coming soon!)
In this article, we provide step-by-step instructions for IoTeX voters to claim VITA. There are unique instructions depending on if you a) have the private key to your ETH voting address, b) voted with hardware wallet (e.g., Ledger/Trezor), or c) voted with Local HD wallet (e.g., Trust, Cobo).

I Have My Private Key
Manage your private keys with EXTREME care. Store safely using Keystore (strong password) or password manager (e.g., KeePassX)

If you have the private key to your ETH voting account, all you have to do is login to any IoTeX Wallet with your private key and click “Claim”.

HW Wallets (Ledger, Trezor) & MetaMask/MEW
If you are using a HW wallet (e.g., Ledger, Trezor) or wallets you created directly in MetaMask or MyEtherWallet, follow these instructions. YOU DO NOT NEED TO EXPORT YOUR PRIVATE KEYS FROM YOUR WALLETS!

Those staking with HW wallets, MetaMask, or MEW do not have their private keys but are able to sign their own transactions. Therefore, we created a way to authorize another IoTeX address (where you own private key) to claim the daily share of VITA associated with your ETH staking address.

Third-party HD Wallets (TrustWallet, Cobo)
Third-party HD wallets, such as TrustWallet and Cobo, generally do not allow users to directly export their private keys. However, users may export their mnemonic recovery phrase, which can be converted to the private key. Mnemonic keys must be handled with great security.

See more detailed instructions in our blog
 

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‼ TOKEN SWAP WEB TOOL FULLY OPEN ‼

✅ Swap IOTX-E to IOTX
Web Tool: member.iotex.io/tools/iotex (http://member.iotex.io/tools/iotex)
Swap Contract: 0x450caB****1728

✅ Swap IOTX to IOTX-E
Web Tool: member.iotex.io/tools/ERC-20 (http://member.iotex.io/tools/ERC-20)
Swap Contract: io1p99pp****uah5

⚠ DO NOT send tokens to the smart contracts directly! We highly recommend using our web tool to swap tokens. If you want to do it manually with wallets, please make sure you INTERACT WITH CONTRACT instead of transferring tokens directly to the addresses.


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IOTX-to-VITA Bidding Pool is Now Open on IoTeX Wallets!

We hope you enjoyed claiming VITA this past week — thousands have already claimed! Don’t forget to #TakeYourVITA every cycle if you’re an IoTeX Voter. We’re excited to announce a way to earn VITA: IOTX-to-VITA Bidding Pool!

As detailed in our VITA FAQs, new VITA is minted every cycle (25 hours), which is distributed to three separate pools:

  • 60% → Staking Pool: for IoTeX Voters to claim (see Claiming VITA blog)
  • 20% → Community Pool: reward community tasks (see Discord guide)
  • 20% → Bidding Pool: anyone can bid IOTX to receive VITA in return

The amount of VITA one receives from bidding is based on this equation:



A bidder’s # of VITA received for a specific cycle is proportional to the # of IOTX they bid. Example: for Cycle X, your bids = 500 IOTX and total bids = 50,000 IOTX. Your bids represent 1% of total bids, so you will receive 1% of all VITA in the Bidding Pool for Cycle X.

How to Participate in the Bidding Pool?
Making bids via the IoTeX blockchain is simple! To make a bid, simply login to the IoTeX Web or Desktop Wallet and use the built-in “Bid” functionality. Note: Desktop Wallet v0.4.0 and on supports “Bid” — download here.

After logging in to the IoTeX Web or Desktop Wallet, click the “Bid” button and submit your IOTX bid. After submitting, you will be prompted to confirm a transaction. You can make as many bids as you want and bids reset at the end of every cycle.


To see the current Bidding Pool status (e.g., total IOTX bids, Bidding Pool size), you may visit the VITA website or access the VITA Bid API.

Make sure to join the VITA Discord to discuss bidding, claiming, and all things VITA with the growing VITA Community — happy bidding!


Full details on this blog
 

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We sat down with Ed Moncada (Blockfolio CEO) to learn why Blockfolio chose IoTeX as their first DPoS/PoS project, their future plans as IoTeX Delegate, and more! 💡

Check our our New “Meet the Delegate” Video with Blockfolio



IoTeX Analytics Playground



There are two IoTeX tools we have built which utilize GraphQL, a query language to visualize data from APIs and enable developer tools:

  • Analytics Playground (analytics.iotexscan.io) provides pre-analyzed data from an IoTeX-managed database; ideal for basic queries!
  • API-gateway (iotexscan.io/api-gateway/) provides unanalyzed data directly from the IoTeX blockchain; ideal for custom tools / queries!
What is GraphQL?
GraphQL provides an interface to read/analyze code and data from a particular data structure (e.g., database, IoTeX blockchain). A GraphQL service is created by defining ‘types’, ‘fields’ on those ‘types’, and ‘functions’ for each ‘field’ on each ‘type’. IoTeX has created pre-defined metrics for you to play with in Analytics Playground!



Metrics Available in Analytics Playground
There are several metrics already available in the Analytics Playground. Each metric below has a set of requests (i.e., inputs) that generate unique responses (i.e., outputs). See our Analytics Playground documentation for the full details!

  • Delegate() — overview of delegate status (bookkeeping, reward, productivity, voting buckets data, staking information)
  • Chain() — metadata of IoTeX blockchain (latest epoch number, block height, TPS, and number of actions within a range of epochs)
  • Voting() — overview of voting results (number of candidates, number of consensus delegates, total weighted votes, total voted tokens)
  • Account() — overview of accounts (addresses that participated in latest actions, mapping between Delegates’ aliases and operator addresses)
Delegate


Sample GraphQL Request: Delegate (Bookkeeping( ))Bookkeeping
Usage:
Bookkeeping gives Delegates an overview of the reward distributions to their voters within a range of epochs.

Request:

  • startEpoch: starting epoch number
  • epochCount: epoch count
  • delegateName: delegate name
  • percentage: percentage of reward distribution
  • includeFoundationBonus: whether include foundation bonus as part of the reward distribution
  • Pagination: skip (starting index of displaying reward distribution list), first (number of reward distributions to display)
Response:

  • exist: whether the delegate has bookkeeping information within the specified epoch range
  • rewardDistribution: voterEthAddress, voterIotexAddress, amount, count
Productivity
Usage:
Productivity gives block productivity of producers within a range of epochs.

Request:

  • startEpoch: starting epoch number
  • epochCount: epoch count
  • delegateName: producer name
Response:

  • exist: whether the delegate has productivity information within the specified epoch range
  • production: number of block productions
  • expectedProduction: number of expected block productions
Reward
Usage:
Rewards provides reward detail information for candidates within a range of epochs.

Request:

  • startEpoch: starting epoch number
  • epochCount: epoch count
  • delegateName: candidate name
Response:

  • exist: whether the delegate has reward information within the specified epoch range
  • blockReward: amount of block rewards
  • epochReward: amount of epoch rewards
  • foundationBonus: amount of foundation bonus
BucketInfo
Usage:
BucketInfo provides voting bucket detail information for candidates within a range of epochs.

Request:

  • startEpoch: starting epoch number
  • epochCount: epoch count
  • delegateName: candidate name
Response:

  • exist: whether the delegate has voting bucket information within the specified epoch range
  • epochNumber: epoch number
  • bucketInfoList:
  • voterEthAddress: voter’s ERC20 address
  • weightedVotes: voter’s weighted votes
  • count: total number of buckets in the given epoch for the given delegate
Staking
Usage:
Staking provides staking information for candidates within a range of epochs.

Request:

  • startEpoch: starting epoch number
  • epochCount: epoch count
  • delegateName: candidate name
Response:

  • exist: whether the delegate has staking information within the specified epoch range
  • stakingInfo:
  • epochNumber: epoch number
  • selfStaking: candidate’s self-staking amount
  • totalStaking: total staking amount
Chain


Sample Chain( ) requestMostRecentEpoch
Usage:
MostRecentEpoch gives the latest epoch number.

Request:

  • N/A
Response:

  • mostRecentEpoch: latest epoch number
MostRecentBlockHeight
Usage:
MostRecentBlockHeight gives the latest block height.

Request:

  • N/A
Response:

  • mostRecentBlockHeight: latest block height
MostRecentTPS
Usage:
MostRecentTPS gives the latest transactions per second.

Request:

  • blockWindow: number of last blocks that are backtracked to compute TPS
Response:

  • mostRecentTPS: latest transactions per second
NumberOfActions
Usage:
NumberOfActions gives the number of actions.

Request:

  • pagination:
  • startEpoch: the starting epoch number for querying number of actions
  • epochCount: the epoch count for querying number of actions
Response:

  • numberOfActions:
  • exist: whether the starting epoch number is less than the most recent epoch number
  • count: number of actions
Voting


Sample Voting( ) requestVoting
Usage:
Voting provides metadata of voting results.

Request:

  • startEpoch: starting epoch number
  • epochCount: epoch count
Response:

  • exist: whether the starting epoch number is less than the most recent epoch number
  • candidateMeta:
  • epochNumber: epoch number
  • consensusDelegates: number of consensus delegates in the epoch
  • totalCandidates: number of total delegates in the epoch
  • totalWeightedVotes: candidate total weighted votes in the epoch
  • votedTokens: total voted tokens in the epoch
Account


Sample Account( ) requestActiveAccount
Usage:
ActiveAccounts lists most recently active accounts.

Request:

  • count: number of account addresses to be queried for active accounts
Response:

  • activeAccount: list of account addresses
OperatorAddress
Usage:
OperatorAddress finds the delegate’s operator address given the delegate’s alias name.

Request:

  • aliasName: delegate’s alias name
Response:

  • exist: whether the alias name exists
  • operatorAddress: operator address associated with the given alias name
Alias
Usage:
Alias finds the delegate’s alias name given the delegate’s operator address.

Request:

  • operatorAddress: delegate’s operator address
Response:

  • exist: whether the operator address exists
  • aliasName: alias name associated with the given operator address
What’s Next?
We hope these data visualization tools will be helpful to everyone — voters, developers, Delegates -and help you understand the IoTeX Network more. Over time, we will continue to evolve the Analytics Playground by adding additional metrics.

We encourage you to build your own front end data visualizations and share them with the community! Reach out to an IoTeX team member with any questions or suggestions.
 

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575

Our next AMA 💭 is coming next Tuesday, July 2 from 11AM - 12PM PST. This session will be a LIVESTREAM with Founders on our YouTube channel. You can start submitting your questions now in our Telegram group (https://t.me/IoTeXGroup) - include #AMA0207 + tag @Alina_IoTeX OR in VITA Discord (https://discordapp.com/invite/s47g8ck) directly in the #ama-July2 thread or during the livestream if you can make it 😉

▶See the blog for details
 

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Analytics Playground - "How To" Guide

We’re introducing a way for anyone to visualize data related to the IoTeX Network! Query many useful IoTeX metrics with simple commands.




AMA with Raullen, Xinxin, & Larry

 

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IoTeX Network Vote #1 Opens Now!
📌 Consensus Delegates Pool Expansion, Epoch Bonus Reward Increase, and Private Sale Token Distribution Schedule 📌

Our goal is to make IoTeX as open, decentralized, and secure as possible. Since April 2019, the Consensus Delegates pool has grown from 12 to 24 and new Delegates are joining weekly. The original plan was to expand the Consensus Delegates pool to 36 and distribute the final tranche of private sale tokens in November 2019. Thanks to the excellent performance of IoTeX Mainnet, we believe this expansion can be executed ahead of schedule as early as July 2019.

We greatly value the community’s opinion and believe all stakeholders should have a say. As such, we will hold an IoTeX Network vote via smart contract. This proposal, if passed, means the following will occur in July 2019:

  • Expand the Consensus Delegates pool from 24 to 36
  • Increase the epoch bonus reward to 18,750 IOTX
  • Distribute the final tranche of private sale tokens (6% of total supply)
The IoTeX Foundation believes this proposal will have a positive impact on IoTeX. It allows more existing and new Delegates (many in the pipeline!) to participate in consensus. It also further secures and decentralizes the IoTeX Network by introducing more block producing Delegates. Finally, the final private sale distribution and increase in epoch rewards will increase liquidity and activity of the IoTeX Network.

The poll voting website is available at http://member.iotex.io/polls.

Timeline

  • Voting open: July 4, 2019 6:00pm PDT
  • Voting close: July 7, 2019 6:00pm PDT
Full details and conditions for voting - in this Blog
 

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Celebrate IoTeX Anniversary - The Blockchain and The Internet of Trusted Things
579


July 27th meetup at the IoTeX office !!!
68 Willow Rd · Menlo Park, CA

Talk Blockchain and Intrenet trusted things

We provide snacks, drinks and secret gifts

Event time: 12:30 -15: 30 PDT

Registration


Livestream (July, 2) Recap/Highlights
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  • Updates from the team
  • Launch of IoTeX Analytics
  • Delegates reward tools
  • Updates on VITA
Questions from the community:

Q1
: Looking back at your progress until now, what would you have done differently if anything?

Q2: Given your respective backgrounds, what was the moment where you said we have to do this and we have to start IoTeX?

Q3: Given the amount of IoT devices out there in the world and their lack of security and privacy how hard would it be to retrofit various devices to make use of IoTeX?

Q4: There are a few coins out there right now that seem to be aiming towards the IOT so what sets IoTeX apart?

Q5: With the launch of Mainnet, when do we expect to see the exchanges switch over?

Q6: When can we expect the native wallet with ledger integration?

Q7: Is it possible to introduce such an option as re-delegation of profits or reinvestment so that coins are not sent to delegates purses or wallets but are automatically delegated to implement the concept of compound interest?

Q8: The price of the token is not looking great these days what factors do you think influence it and what’s your strategy to keep holding the community’s attention?

Q9: What’s your roadmap after Q4 2019 and when will you share a new roadmap?

Q10: Can you share more details about the marketplace?

Q11: What progress do you have with your partnerships?

Q12: Do you see IoTeX having a role in home surveillance and home automation and if so what kind of smart home and home automation?

Q13: What’s the benefit of a three day withdrawal period after unstaking?

Q14: How many nodes do you have and how many tokens need to run a node and what are the rewards?

Q15: What killer features does IoTeX have that are ahead of the competition?

Q16: How does VITA intend to open up the technology to the community and to the researchers so it can be continuously improved? Are there plans to fully open source VITA in the future?

Q17: What do you think about smart contract Oracle’s like Chainlink?

Q18: How many difficulties did you pass to develop the project/what’s the hardest thing that we have done to date

Q19: Are you going to do any work for PR?

Q20: For how many weeks months etc can we claim VITA?


Updates from the team
To kick off Q3 there are lots of initiatives that we have been identified, and on the tech side we are structuring features for Mainnet Beta and some of the features have been already done, like for example, the analytics that we have launched a few weeks ago. There’s like a list of features we want to get done in Beta which will be launched hopefully in September. Mainnet Beta will be really focused on trying to be developer friendly, feature complete and also stable and decentralized. Apart from the tech side, we are working on other things, Raullen and Xin Xin are trying to onboard more partners, especially from a traditional world like the Internet companies, IoT companies, and having lots of conversations with them in regards to partnerships and collaborations. XinXin is working a lot on the AvoBoard research and writing some new papers which should be coming out very soon.

Launch of IoTeX Analytics
IoTeX Analytics Playground was just released, in it we use a query language called GraphQL and we’ve built this into two places one is the analytics playground at analytics.iotexscan.io and that’s a predefined database with lots of metrics that make it very easy for anyone even those without any programming knowledge to query useful metrics, like delegate rewards, number of votes, and other things related to the blockchain in the IoTeX network. Then there’s also an API gateway on our Explorer if you go to iotexscan.io and click “Tools” you’ll see Explorer Playground that is reading data directly from the blockchain. You can also watch a “how to” video here. Features, such as analytics, make our blockchain transparent, secure and decentralized, as well as, improve the usability.

Delegates reward tools
We are thinking about building another micro service to help our Delegates and voters and have like an automatic kind of service for Delegates, that will distribute rewards to them and their voters automatically, Our goal is to be inclusive for all of our users, voters and Delegates and make your life easier in some ways ;)

Updates on VITA
It’s been a couple of weeks since VITA has been launched and we see thousands of you already claiming VITA almost every day it’s really encouraging to see people logging in and claiming their VITA! We have lots of plans for VITA, including new exchange listings coming up as well as different tools and ways to use VITA. We’ve always thought of VITA as this token that circulates throughout the IoTeX community kind of rewarding the active community members, allowing them to use their VITA to get IoT products, unlock different privileges in the network, and in the future be integrated with third-party applications.

Very soon we will hold the Genesis Voter VITA airdrop, once the ledger integration is implemented. So stay tuned for more updates on VITA, if you haven’t checked out VITA yet, definitely find the links in our Telegram group or on Twitter. We think that now is a great time to accumulate VITA, not only its the time that most of VITA is being minted every day but it’s basically free for everyone to claim, so regardless of whether you think it’s gonna be a dynamite token in the future or you just wanted to get some free IoTeX swag and IoT products. So claim your VITA and check out our Discord, we have been dropping a lot of new features almost every day.

Q1: Looking back at your progress until now, what would you have done differently if anything?
Raullen: That’s a great question also a very tough one but interesting. I think about it all the time, if I would do something different how would I do it. I think that so far, we were making a really good experience and process concerning the team size, company size, we have built the blockchain from scratch, have our innovations actually integrated into the blockchain and on the token side everything is going well, you know, it’s listed on big exchanges and with more exchanges in the pipeline. One thing, if I had more resources, I would put them into this very IoT focused kind of application side or partnerships and we do have the plan to actually expand the team a little bit and have more IoT people on board to really focus on the IoT applications.

Q2: Given your respective backgrounds, what was the moment where you said we have to do this and we have to start IoTeX?
Raullen: It’s was all the way back in Q3 2017, that’s when 2 other co-founders XinXin and me, sat together and tried to imagine what the world would be look like ten years from now and even 20 years from now right and we realized that this machine economy is such a huge trend for everybody. Already we are surrounded by all the data and sensors, everything is getting connected to the Internet, every piece of equipment, and the ultimate goal for everything to be connected to this neutral platform, you can call it a good form of Skynet. Ans thats why we could not wait any longer, because the blockchain technology is already here and 5G getting to IoT, everything is almost ready, we just need to close this gap and do something that will change the world.

Xin Xin: Looking at the existing application landscape, we are still far from our vision, as we need to find a way to connect all these applications silos that exist. Blockchain technology is a good candidate since it can remove the untrusted intermediaries and bring something new and realize the ultimate goal for the IoT.

Q3: Given the amount of IoT devices out there in the world and their lack of security and privacy how hard would it be to retrofit various devices to make use of IoTeX?
Raullen: Just integrating the devices into the blockchain is one thing but adding the security and privacy that’s needed within this device is a different story. I think we have two different dimensions here, one is on the IoT device side, the first thing we want to do is to connect everything, but that’s 5Gs business, to provide connectivity and on top of this I think identity of the device should be a very important piece of work, on which we have a lot of progress on. Once the device is connected to the network/Internet, it should be able to submit the data and also retrieve it from the network, using platforms similar to Google. The question is how can we make this platform better, like more decentralized? I do think that decentralization is a key to a success and that there’s a way to make it secure and add features like privacy, privacy-preserving computation that we are working on.

Right now actually, we see some projects straying away from the fully decentralized vision and I think that will end up being a bad decision. We also get lots of questions about sharding, which is a really hot topic everybody’s talking about, but I personally think that sharding for a layer one blockchain is a terrible idea, it’s a wrong direction since the layer one blockchain should be very pure, simple and decentralized.

But going back to the original question, I think Xin Xin, has some great perspectives on you know, what does blockchain add to these smart devices like and just because you connect a lot of smart devices in a network doesn’t mean that’s a smart network, so how does a blockchain kind of bring us to that smart network?

Xin Xin: We can think about this problem from the two different IoT aspects, one major issue is that most of the IoT devices are not secure, when people design them. Because the early IoT adapters didn’t think about the security and privacy at the very beginning, that’s caused a lot of problems and that’s why you see many data breaches reports almost every day, especially in IoT domain, but now I think this trend is gradually changing. When I participate at different types of IoT conferences, people gradually realize the need for good security in the device from the very beginning. However there are still application silos, that haven’t been resolved yet for multiple reasons, IoT systems are rather complex and have so many stakeholders along the supply chain. You have the US manufacturers, Chinese manufacturers, system integrators, cloud service providers — all of them play different roles in the entire IoT map.

Q4: There are a few coins out there right now that seem to be aiming towards the IoT so what sets IoTeX apart?
There are quite a few projects talking about IoT, some focus on sharing economy, but everybody’s focus is different as IoT is still a big unknown area, so I would like to appreciate those projects exploring this unknown kingdom together with us. There are a lot of IoT projects focusing on moving data from device to device but that’s more like transactional IoT, whereas, we’re diving into the trusted computing with the launch of AvoBoard.

Q5: With the launch of Mainnet, when do we expect to see the exchanges switch over?
Raullen: Staking and voting on Ethereum has been very seamless and we have received really good feedback from the community. Most likely we are going to maintain staking and voting on Ethereum for a while going forward and I’m actually writing a blog post talking about this and Xin Xin has a paper under review right now. The idea is that the eventual form of IoTeX in terms of a token is that it will live on multiple blockchains. For example, right now it lives on two blockchains, one is Ethereum, used for governance and the other one is IoTeX root chain, used for utility.

Q6: When can we expect the native wallet with ledger integration?
In terms of the wallets, we already have the desktop and web wallets out, and there’s a mobile wallet for Android coming out soon, it’s being tested by our team currently. For the ledger integration, we have already submitted the entire package to Ledger team for review and waiting for them to get back to us, so should be very soon.

Q7: Is it possible to introduce such an option as re-delegation of profits or reinvestment so that coins are not sent to delegates purses or wallets but are automatically delegated to implement the concept of compound interest?
Building that on chain would be kind of strange and we would like to keep it very simple, you know, simplicity is key because we if we build something like this into the protocol, then it is very difficult to change later on. But this could be a very good like feature for new services, like centralized services we are developing right now, so I think this idea can be considered.

Q8: The price of the token is not looking great these days what factors do you think influence it and what’s your strategy to keep holding the community’s attention?
Raullen: I think that for now the market is actually experiencing like the starting stage of a boom market where the bitcoin is actually taking a dominance on everything, so you see lots of other coins and IOTX getting squeezed out a little bit, so that’s probably the first reason. The second reason is that we have some private investors who got the tokens around May/Junish and some of them actually converted to Delegates which is good, but some did not and possibly creates some selling pressures but our trading team is predicting that these selling pressures are phasing out right now. I have a very strong feeling that IoTeX token will do a great job in the next few months!

Laryy: I think it’s important to understand the nature of the industry, it’s very cyclical, kind of like the debt cycle in traditional markets. You know, every time Bitcoin gains dominance, then a lot of capital flows in and then once bitcoin is over overpriced then flows back down into more alt markets. While this is going on, we just received word that we’re in the top 25 projects in the entire industry from Flipside Crypto which is a big which is a partner of Coinmarketcap and they do a lot of very deep analytics of blockchain projects. So we are in the top 25 from overall projects and I think in the top 5 in terms of the developer activity, so you know, the price side is not really reflective of the progress that’s really going on here and for those of you that are staying committed, I think it will pay off in the future!

Q9: What’s your roadmap after Q4 2019 and when will you share a new roadmap?
We published our roadmap probably in the early 2019 and it has changed a lot since. We have not of course adjusted any of our major goals but mostly the sequence as we need to be taking a more strategic approach. Like Raullen mentioned, a lot of the focus is on L2 and figuring out how to make IoTeX the most developable. We are also crafting a new updated roadmap and will share with our community soon.

Q10: Can you share more details about the marketplace?
Our ultimate goal is to have an IoT marketplace in the future and now we’re gonna start with is more IoT giveaways. We have a lot of great IoT manufacturer and distributor partners that have already committed thousands of devices over the next year to give to the IoTeX community. Our community token VITA will be used in these giveaways and it’s basically going to give our users some concept of how the IoT marketplace will work in the future.

Like you know, we are also developing an AvoBoard and Avochain, we have this idea of an IoT oracle in a privacy-preserving way, so I think that will be like the cornerstone that the marketplace will be build on top of, but that’s like far down the road, it’s not the thing we are actively building right now. At the moment, we are building a foundation layer of this new technology that has never been built before.

Q11: What progress do you have with your partnerships?
So there are a bunch of big-name companies we have been talking to regarding like the IoT and blockchain, we cannot disclose the names the right now.One of them, for example is our technical partner, they provide us with some software and libraries, something that we can directly use as technologists. Another one is more on a strategic level, we are proposing different TEE solutions to them to see if they would like to try them out. Larry and I (Raullen), we have a very ambitious plan around forming an official alliance and having all those big names joining us and talking about how we should do IoT and blockchain in the next next year in order to bridge this blockchain world to a much wider and broader world, which is non-blockchain. Some of our ecosystem partners like Celer, for example, are making a lot of moves in the layer two scalability and we have conversations with them all the time around how to best design layer two scalability because we’ve both kind of working on that.

Those kind of partnerships don’t really amount to concrete you know cobuild deliverables but it’s more research partnerships and kind of keeping each other up to date. With NKN for example, we’ve built the Airbnb of the future use case, where integrated a lot of different smaller home devices with IoTeX blockchain running on NKN’s connectivity network. We actually had a meeting with them a couple weeks ago to talk about the next evolution of a project, mostly focusing on smart cities and the automotive sector, so really trying to figure out ways that we can combine our technologies to kind of create a proof of concept or a use case. But for some of the other partnerships, you know very truthfully and honestly to the community, some of the other projects that we signed like mid 2018, peek bear market, a lot of them had difficulties fundraising and that’s been their number one priority for the past like two three quarters, Lineable is one of them.

Q12: Do you see IoTeX having a role in home surveillance and home automation and if so what kind of smart home and home automation?
IoTeX can actually play a very important role, think about how your home automation system. You purchase lots of different types of IoT devices from different manufacturers, need to install tens of apps for each device, each time you use one app to control one IoT device to see what’s happened, and it is really hard for those devices to talk with each other. The IoTeX blockchain can play the role to connect them together, in the future, the interoperability functionality will be added into this ecosystem. Besides connecting all of your devices together, we also consider the security and privacy very seriously, and the trusted hardware will help in that aspect. Our goal is to realize the user control screen privacy where you will determine where your personal data will go instead of being directly sent to the cloud provider you currently use.

Q13: What’s the benefit of a three day withdrawal period after unstaking?
It is designed like this mostly for the security and safety in case if something gets messed up or your account gets stolen by hackers or if there’s a malicious Delegate that did something very harmful to the system, they would want t to grab the assets and go. That’s why we have the 3 day period where your tokens are still kept in the system before being released.

Q14: How many nodes do you have and how many tokens need to run a node and what are the rewards?
There are about 60 Delegates and the number is growing. We also have some big names coming on board very soon. In order to run a Delegate node the minimum requirement right now is 1.2 million IOTX self stake as well as another 800,000 votes, so 1.2 million tokens and a minimum of 2 million votes is what you need to become a Delegate and start to receive rewards.

Q15: What killer features does IoTeX have that are ahead of the competition?
IoTeX has a few innovations, one is our Roll-DPoS consensus that ensures decentralization of the network. The second one is the privacy technology, like the TEE and trusted computing to realize this type of privacy technology, with which you can execute privacy preserving contracts, token transfers and other fancy features that will be coming out in the next two quarters.

Q16: How does VITA intend to open up the technology to the community and to the researchers so it can be continuously improved? Are there plans to fully open source VITA in the future?
VITA is a token running on top of IoTeX and it provides lots of things to us. For example, because it’s the first Dapp actually running on top of IoTeX blockchain it helps us to identify lots of missing pieces, see what’s working, what should be fixed and improved, all of this is possible because of our very active community, from which we get lots of feedback. We had a soft launch for VITA and are slowly introducing features and making sure we have all the user required features that allow people to use VITA easier in our browser and our wallets and everyone that has been following along for the past month, has seen a lot of updates to explorers, wallets and tools. Also, the VITA smart contract has been already verified by SlowMist and the token contract should be fully open sourced very soon.

Q17: What do you think about smart contract Oracle’s like Chainlink?
We will announce something together very soon, stay tuned ;)

Q18: How many difficulties did you pass to develop the project/what’s the hardest thing that we have done to date
Xin Xin: I think in developing a blockchain project you face a lot of engineering challenges, the hardest things is how to bridge the theoretical aspect to the blockchain platform. I think there are many gaps when you try to really implement for example the consensus and other protocols and make them to fit well in your engineering system.

Q19: Are you going to do any work for PR?
At IoTeX, as you know, we have a very technical team with a great background and we have made tons of progress over the past couple years, so the best is yet to come and investing a lot in marketing and PR is still like introducing something, that you know is still very much in progress. If you take a snapshot of IoTeX today, I’m sure you know it’s very impressive, but if we’re really going to spend a lot of big marketing dollars and PR attention I think it should be at a time when we’re ready 100%. We are after the organic PR, hype is good at some time but in the long run we think that organic PR will be more beneficial for the project.

Q20: For how many weeks months etc can we claim VITA?
You can claim VITA probably for the next four years at least and it’s minted every 25 hours. For those that haven’t been in tune with VITA, you can earn VITA in a lot of different ways, the bidding pool, you can claim VITA if you’re an IoTeX voter, and you can do tasks for VITA.



 

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IoTeX & Nesten: Building Next-Gen IoT Communication Ecosystems

Blockchain is a new layer that injects trust and security to remove bottlenecks and enable interoperability in the global IoT. From devices that capture data to platforms that process data to communication networks that connect this all, multiple technological components comprise the Blockchain & IoT Tech Stack:




IoTeX is excited to announce our new partnership with Nesten, who will utilize IoTeX to build IoT communication networks at global scale.

What is Nesten?
Nesten is building a highly scalable, low-cost, and secure ecosystem for IoT communications. The Nesten team is comprised of senior engineers and researchers, specializing in embedded systems and communications networks. Nesten designs and manufactures the Nesten G1 Gateway, which supports WiFi, BLE, GNSS, and LoRa connectivity protocols. Individual gateways are linked and registered to blockchain to form a mesh network, allowing for secure communications over wide area coverage.

Goals of Partnership
Nesten is building a hybrid PoW/PoS blockchain that will run on the IoTeX Network. Nesten will develop their own proof of work (PoW) blockchain to facilitate communication between IoT devices. The Nesten blockchain will be one of many Layer 2 chains in the IoTeX Network, allowing Nesten to leverage IoTeX Network resources (e.g., Roll-DPoS consensus, storage, compute) and utilize cross-chain communication to other IoTeX Layer 2 chains.

IoTeX and Nesten will also collaborate on research in IoT hardware and private data transmission. With Nesten’s expertise in communications systems and IoTeX’s expertise in blockchain and trusted computing, our partnership seeks to deliver cutting-edge and user-friendly innovations to help realize the full potential of the IoT.

Nesten is currently building an Ethereum-based blockchain deployment, and will convert to the IoTeX Network in 2019.


Tell your friends about VITA and get referral bonus!
🙌 Greetings everyone! We are planning to launch a referral campaign for our VITA discord (https://discord.gg/947VWTf) group. Between🗓 07/18/2019 6:30 PM to 07/24/2019 *6:30 PM PDT, you will be rewarded with 20 VITA for each successful referral, up to 100 referrals. By the end of this campaign, the top 5 referrers will be granted additional 500 VITA for their great work. 💪

🔸Make sure you set the referral link to NEVER EXPIRE before you start. Only ONE referral link per account will be used to calculate your referral contribution. Please use the SAME referral link when you share with your friends.



VITA 신청 — 아이오텍스 투표자를 위한 단계별 지침
Vitality (VITA)는 6월 18일 오전 12시 PDT에 공식 출시되었습니다! VITA에 새로 오신 분들은 VITA 소개 & VITA FAQ 블로그를 먼저 검토하십시오.


And remember ;)
TAKE A VITA EVERY DAY
 
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