IoTeX

**Robot Pump Launches on IoTeX Mainnet** BlockBeats news on November 21st reveals that the fair launch platform for meme tokens, Robot Pump, has officially landed on the IoTeX mainnet. Users can now launch and trade meme coins on the IoTeX blockchain using Robot Pump. IoTeX, a leading ecosystem in the hot DeFi race, is associated with DePIN and related AI, RWA directions. Robot Pump claims to promote the development of 'deep-tech' meme culture in the DePIN and associated AI, RWA fields. IoTeX's co-founder and CTO, Qevan, mentioned that many memes are based on real-world mappings. Compared to the high technical barriers and long construction cycles of DePIN, AI, and RWA projects, meme culture, with its low entry barriers, fast pace, and broad market foundation, allows the public to more efficiently experience the process of Crypto transformation of real-world influence. It is worth noting that IoTeX's first on-chain DePIN identity system, ioID, was officially launched and integrated into Robot Pump today. ioID will transform physical devices into on-chain assets, with each physical device having a unique on-chain ID for verification. The combination of Robot Pump and ioID may provide a pathway for the rightful ownership verification of real-world mapped memes.

Today marks a significant milestone in the realm of decentralized identity solutions with the launch of ioID, a groundbreaking on-chain identity solution designed specifically for smart devices. As smart devices proliferate in our daily lives, the need for secure and verifiable identities becomes paramount. ioID empowers these devices with their own smart contract wallets and private keys, enabling them to sign data and verify real-world activities autonomously. This innovation not only enhances the security of device interactions but also paves the way for decentralized physical infrastructure networks (DePIN), allowing users to own and control their devices and the data they generate. The ioID system is built on a foundation of extensive research and collaboration with various stakeholders in the blockchain and IoT sectors. It is designed to be a chain-agnostic identity solution, ensuring compatibility across different blockchains while providing a suite of tools for device identity management. By integrating features such as verifiability, programmability, and user ownership, ioID aims to create a robust ecosystem where devices can be treated as self-sovereign assets. The architecture of ioID includes a decentralized identity (DID) for off-chain identity management and an ioID NFT for on-chain representation, ensuring that device identities are both secure and easily verifiable. Looking ahead, ioID is set to unlock a plethora of new use cases within the DePIN sector. By enabling verifiable device identities, ioID will enhance user trust and drive demand for decentralized services. Furthermore, it introduces innovative functionalities such as dual mining, fractional ownership, and programmable assets, which can significantly transform how devices interact within the blockchain ecosystem. As IoTeX continues to expand its infrastructure and integrate ioID into various projects, the vision of a fully verifiable and decentralized future for smart devices is becoming a reality.

**The Impact of Upbit Listing Success Rate and UDC Conference Overview** Recently, with the market gaining strength, the wealth effect of new listings on Upbit has become more prominent. Tokens like AGLD saw a staggering 150% increase on the first day, while DRIFT surged by 190%. Tokens like SAFE, CARV, and PEPE also experienced a 100% increase. The Formula team made a fortune through news trading, showcasing the potential for wealth creation on Upbit. How can we seize the wealth wave of new listings on Upbit? The UDC conference serves as a barometer for Upbit listings. The listing success rate from 2018 to 2023 stands at 76%. On November 14th, the UDC conference was held as scheduled, offering a glimpse into the participating projects. UDC, organized by Dunamu since 2018, is a representative blockchain conference in South Korea aimed at promoting industry development, ecosystem growth, and adoption. This year's theme, 'Blockchain: Driving Real-World Change,' delves into how blockchain is expanding into various industries and bringing about real-world transformations. According to Layerggofficial data, from 2018 to 2023, approximately 66 projects participated in UDC, with 37 projects already listed on KRW Fair before UDC. Among the remaining 29 projects, 13 were listed in KRW form after UDC (44.8%). The significance of the UDC conference and the wealth effect on Upbit stem from various factors. UDC's Importance and Upbit's Wealth Effect Upbit, as South Korea's largest exchange, holds a leading position in the Korean market in terms of trading volume and user numbers, commanding around 73% of the market share. Korean investors can directly purchase cryptocurrencies using the Korean Won (KRW), leading to significant wealth effects. The convenience of deposits and substantial wealth effects have propelled cryptocurrency trading volume in Korea beyond the country's stock market. This dynamic ensures strong buying interest for new tokens listed on Upbit. The UDC conference, organized by Dunamo, Upbit's parent company, though slightly smaller in terms of timing and participation compared to events like KBW, holds undeniable importance. Projects like ZRO, MNT, and STG, which participated in last year's conference, were listed on Upbit this year, indicating the enduring influence of the conference. Data source: [Layerggofficial](https://x.com/layerggofficial/status/1714145904943587774?s=46) UDC 2024 Conference Projects The UDC conference for this year has already taken place, with projects like Axelar, Taiko, Zetachain, Mantle, and Cyber already listed on Upbit. As of the conference, there are still 11 projects yet to be listed on Upbit or to have KRW trading pairs. Projects awaiting listing include SLP, HNT, GALA, NFT, and ROSE. Projects already listed with BTC pairs but without KRW pairs include MKR, YGG, IOTX, and Cyber. Projects that have not launched tokens but participated in UDC include Linea and Magic Eden. Compliance and AI remain strong narratives in line with this year's UDC theme. Despite Oasis Network not participating in this year's UDC, leveraging AI narratives, ROSE saw a surge on November 5th. Additionally, South Korea's high interest in NFTs and the gaming market suggests that Magic Eden's token has a high probability of being listed on Upbit. Apart from the forward-looking impact of the UDC conference, another South Korean exchange, Bithumb, also has relevance to Upbit listings. Both exchanges tend to list coins in clusters based on narratives, such as introducing AI tokens simultaneously at the beginning of the year or focusing on Memecoins currently. To protect investors, Korean exchanges typically avoid small, new coins with short market history, opting for older coins with stable market capitalization and prices.

In a surprising development in the blockchain space, IoTeX's official Twitter account (iotex_io) made a notable announcement on November 14th, acknowledging IOTX as a DePIN meme coin in response to current market conditions. This strategic positioning represents a significant shift in how the project presents itself to the cryptocurrency community. The announcement appears to be capitalizing on the growing trend of meme coins within the DePIN (Decentralized Physical Infrastructure Networks) sector, which has been gaining significant traction in recent months. This move by IoTeX demonstrates the project's adaptability and awareness of market dynamics in the rapidly evolving cryptocurrency landscape. Following the announcement, the IoTeX ecosystem saw immediate market impact, with its ecosystem meme coin DePINs experiencing remarkable growth. The token surged to $0.00007 before settling at $0.000054, marking a substantial 45% increase since its launch. This price movement suggests strong market reception to IoTeX's new positioning strategy and highlights the growing influence of meme coins in the DePIN sector.

The IoTeX Network has made significant strides with the launch of its 2.0 upgrade in Q3’24, which aims to provide decentralized infrastructure, public goods, and governance tools for Decentralized Physical Infrastructure Networks (DePIN). This upgrade has led to a notable increase in network activity, with active wallets and transactions rising by 13% and 8% quarter-over-quarter (QoQ), respectively. The introduction of the ioID protocol has been pivotal, transforming hardware devices into on-chain entities with verifiable identities. As of Q3’24, the network is secured by 112 delegates who are actively staking $172 million, marking a 17% increase QoQ, and achieving an average staking participation rate of 41.3%. The IoTeX 2.0 upgrade also features an enhanced tokenomic design that seeks to balance inflationary staking rewards with deflationary token burns, thereby driving the utility of the IOTX token. Throughout Q3’24, IoTeX has integrated with several prominent networks and protocols, including Solana and Polygon, which positions the IoTeX Network as a robust ecosystem for DePIN projects. The middleware solution, W3bstream, is set to launch on the mainnet in Q1’25, further enhancing the network's capabilities by providing verifiability and scalability for DePINs. In addition to the technical advancements, IoTeX has established the Marshall DAO to manage a pool of IOTX tokens dedicated to funding DePIN projects. This community-driven approach allows token holders to propose and vote on initiatives, fostering a collaborative environment for innovation. The DePIN ecosystem on IoTeX has expanded significantly, with over 230 dApps and more than 50 dedicated DePIN projects, solidifying IoTeX's position as a leading player in the decentralized infrastructure space. The future looks promising as the network continues to evolve and attract diverse applications across various sectors, including DeFi and GameFi.

MetaMask has recently enhanced its functionality through integration with IoTeX, allowing users to perform seamless token transfers across various blockchains. This integration significantly improves interoperability for active traders, enabling over 30 million users to engage across 90 different blockchain environments. However, some users have reported issues with the Snap feature, which can experience sporadic delays, particularly when handling large token volumes. This reliance on multiple network connections may also slow down transactions, leading to frustration among users seeking quicker responses. In the wake of the recent U.S. election results, XRP has seen a notable rally, with its price climbing to $0.5142, marking a 2.19% increase. This surge is largely attributed to optimism surrounding Trump's potential influence on future crypto regulations, particularly regarding the SEC's stance on Ripple. Trump's promises to dismiss SEC Chair Gary Gensler could ease regulatory pressures, benefiting XRP's market position. However, the dependency on political changes introduces volatility, as ongoing legal actions from the SEC could still pose risks for XRP investors. Plus Wallet is making waves in the crypto wallet sector by transforming everyday transactions into earning opportunities. Its innovative features, such as 'Swap to Earn' and 'Refer to Earn', allow users to profit from their trading activities and expand their networks for passive income. This approach not only enhances user engagement but also fosters a supportive community focused on mutual benefits. As crypto enthusiasts increasingly seek wallets that provide rewards alongside basic functionalities, Plus Wallet's commitment to user empowerment positions it as a leading choice in the market.