What does IoTeX coin do?

One of the primary advantages of IOTX is its ability to facilitate low-cost and swift transactions. This characteristic is crucial for the widespread adoption of blockchain technology, as it eliminates the need for intermediaries and reduces transaction fees significantly.

The IOTX coin plays a pivotal role in the IoTeX ecosystem, serving as its lifeblood and driving force. It is integral to the smooth functioning of the decentralized network, enabling various essential functions that underpin its architecture.

In addition to facilitating transactions, IOTX also empowers smart contracts and decentralized applications (DApps) on the IoTeX blockchain. Smart contracts are self-executing agreements that automate the execution and enforcement of agreements, reducing the need for trust and intermediaries.

DApps, on the other hand, are applications that run on a decentralized blockchain network, providing users with greater control over their data and transactions. By supporting DApps, IOTX enables a vibrant and innovative ecosystem where developers can create new and exciting applications.

BTCC, a leading cryptocurrency exchange, offers a comprehensive suite of services that cater to the needs of traders and investors alike. Among its offerings are spot trading, which allows users to buy and sell cryptocurrencies at current market prices, and futures trading, which enables traders to speculate on future price movements.