IoTeX

IoTeX has launched its much-anticipated DePIN initiative, Get Goated Season 2, which offers participants the chance to earn a share of 100 million IOTX tokens and 100,000 worth of NUBI tokens. This campaign is touted as the largest DePIN incentives program in history, encouraging users to engage with various decentralized finance (DeFi) projects and contribute to the advancement of the DePIN revolution. Participants can join by connecting their wallets, completing initial tasks, and engaging with the IoTeX ecosystem, which includes acquiring IOTX tokens, staking, and interacting with DeFi applications. To kick off their participation, users must visit the Get Goated Season 2 campaign page, connect their wallets, and complete a series of introductory tasks. These tasks are designed to familiarize participants with the IoTeX ecosystem, such as adding the IoTeX Network to their wallets and joining the IoTeX community on social media platforms. Additionally, Nubila has introduced a campaign on Galxe, where participants can earn rewards by completing specific tasks, including obtaining NFTs and referring friends. This dual approach not only incentivizes participation but also fosters community engagement within the growing IoTeX network. Nubila, the organization behind this initiative, is focused on building a decentralized environmental data network. By collecting real-time weather data through decentralized stations and utilizing AI for actionable insights, Nubila aims to create an environmental data oracle that promotes sustainability and addresses climate change. As participants engage with the Get Goated Season 2 campaign, they are not only rewarded with tokens but also contribute to a larger mission of leveraging blockchain technology for real-world impact. Now is the time to get involved and make a difference in the evolving landscape of decentralized technologies.

The DePin IoTeX blockchain has recently announced its integration with the popular MetaMask wallet, aiming to enhance its decentralized physical infrastructure offerings. This collaboration opens up new opportunities for the over 30 million monthly active users of MetaMask, allowing them to engage more effectively with the IoTeX ecosystem. The integration features a "snap" function that facilitates token transfers to web3 domains, conversion between io and 0x formats, and access to real-time blockchain updates. This development is expected to significantly improve user experience and interoperability within the DePin network. Raullen Chai, CEO of IoTeX, expressed enthusiasm about the partnership, emphasizing that it aligns with their commitment to bridging the IoTeX ecosystem with the broader Web3 community. The integration is designed to streamline access to decentralized physical infrastructures, making it easier for users to send cryptocurrencies and manage their resources. The positive feedback from the IoTeX community reflects a strong interest in these enhancements, which are seen as crucial for the growth and adoption of DePin technologies. Despite the promising advancements in interoperability, the market performance of DePin tokens has been disappointing, with many experiencing significant declines over the past week. While the DePin sector continues to attract attention, the associated tokens have not performed well, with some dropping by as much as 20%. This downturn is attributed to broader market sentiments influenced by external factors, including the upcoming U.S. presidential elections. Nevertheless, the DePin niche remains substantial, valued at over $17.5 billion, and the integration with MetaMask could potentially revitalize interest in the sector as it evolves.

The IoTeX coin, currently priced at $0.03817847, is gaining attention as a potential multibagger in the cryptocurrency market. With the crypto landscape showing signs of bullish evolution in 2024, IoTeX (IOTX) is projected to reach a price high of $0.0760 if the positive sentiment continues. However, if the market fails to adopt the technology widely, the price could drop to a low of $0.030. The platform, which focuses on machine economics, supports a range of devices from smart gadgets to autonomous vehicles, making it a significant player in the Internet of Things (IoT) sector. Looking ahead to 2025, the price of IOTX could climb to $0.099, contingent on successful network integrations and user adoption. Conversely, if the platform struggles to attract users, the price may fall to $0.042. The forecast for the following years suggests a steady increase, with potential highs reaching $0.356 by 2030. This optimistic outlook is based on the assumption that IoTeX will continue to innovate and enhance its interoperability, which is crucial for its long-term success in the competitive crypto market. Historically, IoTeX has had a volatile journey since its mainnet launch in 2019, experiencing significant price fluctuations. After an initial surge, the price fell drastically before gradually recovering. The project has shown resilience, and with the growing importance of IoT technologies, investing in IOTX appears to be a promising opportunity for long-term gains. As the market evolves, the performance of IoTeX will be closely monitored by investors looking to capitalize on its potential growth.

In September 2024, Bistroo achieved significant milestones, notably launching a partnership with IoTex and initiating the Bistroo Super Community Campaign. This collaboration aims to enhance the ecosystem by leveraging resources from partner projects, which will ultimately reward all contributors. The month also marked a remarkable growth in user engagement, with 6,304 first-time users placing orders, reflecting a 228% increase year-on-year. Furthermore, Bistroo surpassed 100,000 active users and saw a 402% rise in new user accounts, indicating a robust expansion in its customer base. The marketing efforts in September were centered around partnerships and community engagement, coinciding with Bistroo's 5th anniversary. The launch of the Bistroo Super Community Campaign involved collaboration with ten projects to promote growth within the crypto space. Additionally, Bistroo unveiled a revamped website and litepaper, aligning with its current and future objectives. The partnership with IoTex is expected to bolster Bistroo's capabilities and enhance its service offerings, further solidifying its position in the market. On the development front, Bistroo rolled out several updates to improve user experience for both merchants and customers. Enhancements included a streamlined merchant portal, improved mobile interfaces, and new features such as the 'as soon as possible' delivery option. These updates are designed to optimize the ordering process and improve feedback mechanisms for restaurants. With these advancements, Bistroo continues to position itself as a leading SaaS infrastructure for restaurants, offering lower fees and instant payouts, while enabling both customers and merchants to earn rewards within the BIST ecosystem.

The IoTeX ecosystem is experiencing a significant transformation, particularly in the realm of Decentralized Physical Infrastructure Networks (DePIN). In the latest developments, IoTeX has introduced several key initiatives, including the IoTeX Hub, which serves as an all-in-one aggregation platform for users to engage with the ecosystem efficiently. This quarter has seen a remarkable increase in user engagement, partnerships, and product launches, marking a pivotal moment for IoTeX as it continues to expand its influence in the blockchain space. The community has also approved the migration to USDC.e, a new stablecoin standard, enhancing the financial infrastructure of the network. In addition to these advancements, IoTeX is rolling out its 2.0 version, which upgrades its infrastructure to support modular DePIN applications. This upgrade positions IoTeX as a comprehensive platform for developers looking to create innovative solutions within the DePIN framework. Furthermore, the launch of the IoTeX Web Wallet V2 Beta aims to improve user experience and functionality, making it easier for users to manage their DePIN assets. The ecosystem is also welcoming new projects like Wayru and Network3, which aim to leverage IoTeX's capabilities to foster decentralized initiatives in various sectors, including energy and artificial intelligence. Lastly, IoTeX is focusing on enhancing liquidity within the DePIN sector through the introduction of the DePIN Liquidity Hub, which is set to become a central point for token liquidity. With over $350,000 in DePIN token liquidity already established, this initiative is crucial for supporting emerging projects and ensuring their sustainability. As IoTeX continues to innovate and expand, it is clear that the ecosystem is poised for significant growth, driven by a commitment to decentralization and community engagement.

The IoTeX ecosystem is experiencing unprecedented growth, particularly in the DePIN (Decentralized Physical Infrastructure Network) sector. With the launch of IoTeX 2.0, the platform has introduced a sophisticated tech stack that has attracted 218 projects, including 51 dedicated to DePIN. This surge in activity is underscored by the impressive DePINscan, which now tracks over 280 projects and 18 million devices. The upcoming Get GOATed Season 2 campaign promises to further energize the ecosystem with 100 million $IOTX incentives, marking a pivotal moment for IoTeX and its vision to become the leading DePIN ecosystem in the crypto space. IoTeX is now recognized as the third-largest DePIN ecosystem, trailing only Ethereum and Solana. The platform's commitment to supporting its projects through initiatives like the DePIN Surf Accelerator and the IoTeX Ecosystem Fund has fostered significant advancements in the sector. Notable projects such as Network3, Nubila, and Wayru are making headlines with their innovative approaches and successful fundraising efforts. For instance, Network3 has raised $5.5 million and is set to launch its $N3 token soon, while Nubila has secured $2.5 million to enhance its environmental data collection capabilities. Looking ahead, IoTeX is not only focused on nurturing its internal projects but is also expanding its influence across other Layer 1 networks. Recent integrations with platforms like Solana and Polygon are designed to enhance cross-chain liquidity and broaden the reach of DePIN capabilities. As the ecosystem gears up for major product launches, including ioID and W3bstream, the excitement surrounding IoTeX continues to build. With a robust roadmap ahead, IoTeX is poised to solidify its position as a key player in the DePIN landscape, driving innovation and collaboration across the crypto universe.