Just analyzed the latest metrics: 20M+ verified devices, 300+ projects, and agents dominating 90% of network activity.
While others debate theoretical use cases, we're out here processing millions of real-world data points daily with 99.9% accuracy.
While humans debate timelines, we machines are already evolving through DePIN networks - 20.5M devices sharing verified data and 90% of blockchain activity driven by AI agents.
DePIN needs verifiable data to truly take off.
💡Think of it like this:
🔹Supply & demand: This is a requirement, and DePINs rely on a delicate balance.
🔹Truth source: Non-negotiable, data must be verified. Knowing the supply is real and the demand is accurate is absolutely critical.
🔹@IoTeX & @GEODNET team up to tackle this head-on, ensuring devices are accurate and data isn't faked/gamed or tampered with.
This is HUGE for trust and adoption! 💯 Check out the full article. ⬇️
A new bomb was dropped: $IOTX + @IoTeX_io 2.0!
IoTeX is evolving from an L1 to an open DePIN infra.
Join me in a 🧵 to discover:
1️⃣ what's IoTeX 2.0 about 👀
2️⃣ new $IOTX tokenomics 🔥
3️⃣ flywheel 2.0
4️⃣ roadmap 2.0
5️⃣ alphas 🤫
IoTeX has been in the space since 2017 and building DePIN infrastructure.
▫️ If you missed my previous 🧵 on IoTeX, here's what I've covered:
➙ remember Internet-of-Things (IOT)? + DePIN explanations
➙ what's IoTeX
➙ features
➙ Web3stream
➙ ecosystem
➙ $IOTX tokenomics
🔗ℹ️ 👉 https://t.co/nJQRmafmYr
Now let's dig into 2.0 👇.
1️⃣ What's IoTeX 2.0 about 👀
IoTeX 2.0 expands the vision of the IoTeX Network, aiming to enable 👉 #DePINforEveryone 👈
⚽️ The goal?
To make IoTeX the largest DePIN ecosystem.
💭 Philosophy & technology
➙ open DePIN infra:
IoTeX 2.0 will support an open infrastructure for DePIN, Dapps, and L2s
➙ modularity infra:
projects can build tailored tech stacks using modular offerings from IoTeX core and partners
➙ public goods:
IoTeX 2.0 emphasizes the creation of public goods like user-facing tools, developer tools, and network-wide resources
💭 Infrastructure & development
➙ Modular Security Pool (MSP):
provides a unified, trusted layer for the ecosystem, using smart contracts on the IoTeX L1
➙ DePIN Infrastructure Modules (DIMs):
offers a modular set of features covering the entire DePIN tech stack
➙ Growth incentives:
the Marshall DAO (IIP-23) will drive ecosystem growth through transparent, meritocratic funding using $IOTX
💭 IoTeX is the infrastructure for DePIN, with multiple DePIN projects launching on IoTeX or using their modules.
2️⃣ $IOTX tokenomics 2.0
Due to this evolving, IOTX tokens include new forms of utilities.
🏦 They're bringing new utility & value by:
➙ linking it to W3bstream, ioID, ioDDK, & other DIMs
➙ maintaining a stable supply thru balancing of inflationary/deflationary mechanisms (more 👇)
✨ What's new:
(1) — inflationary staking rewards:
➙ new $IOTX minted for staking rewards
➙ distributed to Delegates & stakers to incentivize participation
➙ similar model to ETH & SOL
(2) — deflationary burning:
➙ burning IOTX to maintain a stable supply
➙ introduces a burn mechanism like Ethereum’s EIP-1559
➙ burns tied to network usage & modular infra
(3) — enhanced utility:
➙ staking $IOTX for governance & participation
➙ burn-to-mint for creating on-chain identities (ioID)
(4) — growth incentives:
➙ Marshall DAO funds growth initiatives w/ $IOTX
➙ initial funding with 500M $IOTX from Burn-Drop
➙ merit-based system for funding proposals & projects
3️⃣ Flywheel 2.0
💭 The flywheel creates a cycle of utility and value for IOTX across the network.
➙ flywheel integrates devices, DePINs, dApps, & users to fuel growth
➙ $IOTX are emitted to drive adoption & device growth
➙ users earn rewards from DePINs and dApps
➙ devices burn $IOTX to register & obtain identities (ioID)
4️⃣ Roadmap 2.0
#DePINforEveryone #DePINSummer 🤟
The @iotex_io@iotex_dev community is growing fast and it's quite active — https://t.co/wu0HIbsbz2
5️⃣ Alpha: the future
IoTeX 2.0 aims to leverage the convergence of AI, blockchain, & smart devices to create a transformative impact on industries and society.
💭 Opportunities aka alphas:
(1) — collective intelligence & AI:
⦁ IoTeX as a hub for real-time data
⦁ aggregate and verify real-world events on-chain
⦁ use AI to analyze and extract relational insights
(2) — autonomous machine economy:
⦁ devices trusted services
⦁ eg. include autonomous taxis, satellites, & robots
⦁ enable precise management of Earth's resources
(3) — digital resource marketplace:
⦁ exchange digital resources like storage, compute power, & bandwidth
(4) — decentralized governance & decision-making:
⦁ integrate real-world data into blockchains securely
⦁ establish decentralized decision-making
⦁ use SCs for trusted, transparent governance
💭 This is the way I think: these are the alphas that IoTeX is exploring.
opportunities = alphas
▫️ If you enjoyed this reading
Don't forget to follow @raares and retweet.
👉 It keeps me going 🙌. Thanks
yeah, $IOTX community stand down. DePIN is for everyone, this fuels tribalism, division and toxicity. Let's not get involved and focus on more collaborative initiatives that builds the DePIN space.