IoTeX to Hold AMA on X on March 12th

IoTeX will host an AMA on X, featuring DePIN builders pitching live for a share of $500,000. The event will take place on March 12th at 17:00 UTC.IOTX InfoIoTeX (IOTX) is an open-source blockchain platform specifically designed for the Internet of Things (IoT) with a strong emphasis on scalability, privacy, isolation, and the ability to develop decentralized applications and IoT ecosystems.IoTeX was created to address the technical challenges faced by existing IoT ecosystems, such as security issues, high maintenance costs, and scalability limitations. The project is developing a new blockchain architecture to support a large number of IoT devices.At the core of IoTeX is the concept of "blockchain within a blockchain." The main network, or "root blockchain," is responsible for network management and security, while internal blockchains, or "sub-blockchains," are used to manage various IoT devices and process transactions.The IoTeX network utilizes its native token, IOTX, for operations such as transaction fee payments and participation in network governance.