IOTX has landed on LetsExchange

LetsExchange, a go-to platform supporting the most extensive number of cryptocurrencies worldwide, has listed IOTX for trading.

IOTX is the native coin of IoTeX, a decentralized platform designed for Internet of Things (IoT) devices. It uses blockchain technology to ensure privacy, scalability, and secure interactions between devices. Now, crypto users can swap IOTX through a friendly widget on the LetsExchange website. Swaps are also possible through a Telegram bot and third-party wallets, apps, and platforms that have integrated crypto swap functionality powered by LetsExchange.

Moreover, cross chain swaps are available for IOTX on the mainnet to IOTX BEP20 and vice versa. IOTX ERC20 is also available for swaps on LetsExchange in the DEX mode.

When swapping IOTX on LetsExchange, users have two options to combat the effects of price volatility and make the most out of their transactions. The first option is a market rate, which automatically selects the best exchange rate from over twenty liquidity providers. This way, users get the best exchange conditions at the moment their swaps are executed. The second option is a fixed rate, which locks in the exchange rate at the beginning of the swap.

Alex J., LetsExchange's Chief Product Officer (CPO), was enthusiastic about the IOTX listing and said: "Many of our customers will be undoubtedly interested in the IOTX coin. With this addition, we expand the range of trading opportunities for our user base and the entire crypto community."

IoTeX is a decentralized platform for the Internet of Things (IoT). Founded in 2017, IoTeX aims to overcome the challenges of scalability, privacy, and high operational costs in existing IoT networks. IoTeX introduced its innovative Roll-DPoS consensus mechanism, which enhances transaction speeds and security.  IOTX is the native coin of the IoTeX blockchain, serving two key roles: it governs the blockchain protocol and acts as gas for transactions. The Burndrop system reduces the supply of IOTX as more devices join the IoTeX network, leading to a deflationary effect on the coin.

LetsExchange is a one-stop crypto exchange hub boasting support for more than 4,800 coins and tokens—the most extensive asset selection available in the market. Users enjoy a wide range of services, including crypto-to-crypto swaps, decentralized exchange (DEX) capabilities, and on-ramp/off-ramp functions. LetsExchange offers its partners the ability to integrate crypto-to-crypto swap features via API. Additionally, DEX and Buy/Sell functionalities can be accessed through customizable crypto exchange widgets and Telegram bots.