**Short Fondamental**
IOTX is the native token of the IoTeX blockchain, a platform for building and deploying decentralized applications (DApps) and the Internet of Things (IoT). IoTeX is designed to be a scalable, secure, and private blockchain for IoT devices.
The IoTeX blockchain uses a consensus mechanism called Roll-DPoS, which is a combination of delegated proof-of-stake (DPoS) and rollup technology. This consensus mechanism allows IoTeX to achieve high scalability and transaction throughput.
IoTeX also uses a number of security features to protect its users, including:
* A root chain that is secured by a network of validators
* A rollup chain that is used to process transactions quickly and cheaply
* A variety of cryptographic techniques to protect user data and privacy
**Recent News**
* **IoTeX Launches IoTeX Labs, a New Initiative to Support the Development of the IoTeX Ecosystem:** IoTeX Labs is a new initiative that will provide funding and support to developers who are building on the IoTeX blockchain.
* **IoTeX Partners with Binance to Launch IoTeX Staking on Binance Earn:** Binance Earn is a platform that allows users to earn interest on their cryptocurrency holdings. Through this partnership, IoTeX holders will be able to stake their IOTX tokens on Binance Earn and earn interest.
* **IoTeX Announces the Launch of the IoTeX Mainnet 2.0:** IoTeX Mainnet 2.0 is a major upgrade to the IoTeX blockchain that includes a number of new features and improvements, such as support for smart contracts, NFTs, and DeFi.
IOTX is the native token of the IoTeX blockchain, a platform for building and deploying decentralized applications (DApps) and the Internet of Things (IoT). IoTeX is designed to be a scalable, secure, and private blockchain for IoT devices.
The IoTeX blockchain uses a consensus mechanism called Roll-DPoS, which is a combination of delegated proof-of-stake (DPoS) and rollup technology. This consensus mechanism allows IoTeX to achieve high scalability and transaction throughput.
IoTeX also uses a number of security features to protect its users, including:
* A root chain that is secured by a network of validators
* A rollup chain that is used to process transactions quickly and cheaply
* A variety of cryptographic techniques to protect user data and privacy
**Recent News**
* **IoTeX Launches IoTeX Labs, a New Initiative to Support the Development of the IoTeX Ecosystem:** IoTeX Labs is a new initiative that will provide funding and support to developers who are building on the IoTeX blockchain.
* **IoTeX Partners with Binance to Launch IoTeX Staking on Binance Earn:** Binance Earn is a platform that allows users to earn interest on their cryptocurrency holdings. Through this partnership, IoTeX holders will be able to stake their IOTX tokens on Binance Earn and earn interest.
* **IoTeX Announces the Launch of the IoTeX Mainnet 2.0:** IoTeX Mainnet 2.0 is a major upgrade to the IoTeX blockchain that includes a number of new features and improvements, such as support for smart contracts, NFTs, and DeFi.
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