IOTEN wants to be a fast, deflationary, and secure network. IOTEN wants to give people access to DAPPS, linking the physical and digital worlds, providing value to users and fueling the new economy of the machines. The IOTEN network will be built by users of the platform, developers, and businesses that control it. IOTEN network powers the Internet of things with its native token, IOTN. IOTN will be used to pay transactions, manage and governing the IOTEN network, register new devices, back NFTs with IOTN in native NFT Marketplace and reduce TEN wallet fee. IOTEN will rely on ROLL-DPoS and Zk-SNARKS to improve the security and scalability of its blockchain in order to compete with other similar niched blockchains. IOTEN has implemented a deflation and Smart Staking system.
