If you are an investor interested in the IoTeX cryptocurrency, you probably want to know what is happening in the market today. The IOTX coin is a cryptocurrency that operates on the IoTeX blockchain. It has lost about 38% of its value in the month of April. In that time, the coin made headlines in several cryptocurrency websites and publications. On 21 March, the IOTX team announced plans to launch an ecosystem fund of $100 million. It also announced a new multi-chain wallet called ioPay 2.0. The IOTX price rose 53% to $0.114 on the last day of March and fell 38% in April.
The IOTX coin has been able to record higher highs since its launch in October 2018. The token gained 159% in November. The company’s team includes Raullen Chai, a researcher in cryptography, Qevan Guo, and Xinxin Fan. The company is based in California. The IOTX coin is used as a means to reward participants in the ecosystem, as well as pay transaction fees. There is currently a circulating supply of 9,458,279,322 coins.
The team behind IoTeX includes many notable people in the blockchain industry. The co-founder, Raullen Chai, is an advisor for BootUP Ventures and a member of the Industrial Distributed Ledger Task Group at the Industrial Internet Consortium. His background includes working as a crypto R&D lead at Uber. His team also includes Qevan Guo, co-founder of Hyperconnect Lab and a former research scientist at Facebook. The other members of the team include Xinxin Fan, a senior research engineer at Bosch Research and Technology Center and a research associate at the University of Waterloo.