Overview

ioeX is the first blockchain-based business use case that solves real world problems.

Project stage

Only a whitepaper

Detailed description

Based on the above points, ioeX proposes a "Decentralized Peer-to-Peer Network" solution that combines Bootstrap nodes and Peer nodes to connect and communicate, creating a new direct communication network architecture based on the existing Internet. This safe, decentralized network will be built to enable equipment manufacturers, content providers, and even individuals around the world to create, store, and transfer content in a decentralized and distributed manner. ioeX will start with online updates as an entry point and will gradually add various general public and enterprise applications to enrich the ecosystem chain. 

In addition, ioeX incorporates blockchain technology and is the issuer of cryptocurrency “ioeX coin” in order to provide rewards and incentives for relay and storage devices. This currency system will also encourage brand owners, solution integrators, CPU vendors, and ODM vendors to adopt this business model.

ioeX is accelerating the construction of a “Decentralized Peer-to-Peer Network” eco-chain, and has received support from a number of vendors, solution providers, and equipment vendors. Currently it is forming a new type of network topology for traditional Internet applications, bringing massive benefits for traditional Internet application and IoT landing uses.

Problem

Due to the increased demand for online updates of applications on M2M connections, and applications such as software and firmware systems that require greater bandwidth and lower latency, network traffic has grown faster than the number of connections.

If the calculation is based solely on the AWS rate of US$0.1/GB, temporarily ignoring the basic cost of the server itself, the equipment cost caused by load balancing (floating fee per hour), labor costs, and the cost of geographical location, on average, data transmission fees per month will add up to more than US$1.5 billion, valuing the M2M traffic market at US$18 billion a year

Solution

Replacing the costly Relay Server and OTA Server solutions, ioeX employs the Decentralized Peer-to-Peer Network to fix the above problems. ioeX aims at lowering or even eliminating the enormous costs and expenses associated with network connections, file storage and access.

The Decentralized Peer-to-Peer Network used by ioeX (referred to as "Carrier" in this chapter) was built on Elastos. ioeX is an application extension of Elastos, and is part of its ecosystem. However, it will also focus on enterprise landing applications. In addition to developing general user application functions such as communications and personal cloud storage, ioeX also develops application functions at the end of the enterprises to meet the needs of business users, thus expanding the Carrierfunctionalities suitably. ioeX will continue to integrate future Elastos RT functions, such as P2P network, ID recognition and others.

Features

  • Decentralized P2P network - Fast direct transfer
  • Proof-of-work reward system - Sharing idle bandwidth and space for mining
  • Global P2P peer nodes - Million-node topological map are being deployed
  • Bootstrap nodes that benefit merchants - Enterprise-level privacy and extra income
  • Merged Bitcoin mining - Mine Bitcoins and ioeX simultaneously
Show details

Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : IOEX
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : NA
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Own blockchain ()
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. : NA
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :NA
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :NA
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Open(Start May 22, 2018)
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :NA
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :No
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :No
    Get details
  • Token and Funds Distribution

    Token distribution date

    NA

    Unsold tokens

    NA
      • Token Distribution

        • Funds Distribution

      Sale schedule

      Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
      Crowdfunding Round — Soon
      Start Soon
      NA No - Uncapped Uncapped
      Pre-sale Round — Soon
      Start Soon
      NA 3% - 5% - Uncapped Uncapped
      Private sale — Active
      12 Jul 00:00 UTC
      NA No - Uncapped Uncapped
      Pre-sale Round

      3%-5% rewards

      Read more about vesting and bonus
      • Team

        • Aryan Hung photo
          Aryan Hung
          CEO & Founder
        • Adguel Wang photo
          Adguel Wang
          COO & Co-Founder
        • Michael Wu photo
          Michael Wu
          Chief Sales Officer
        • Neo Peng photo
          Neo Peng
          CMO & Co-Founder
        • Kenneth Kuo photo
          Kenneth Kuo
          CSO & Co-Founder
        • Monika Hsiaoyu Lin photo
          Monika Hsiaoyu Lin
          Chief Public Relation Officer
        • Anthony Lin photo
          Anthony Lin
          Chief Technology Officer
        • Elvis Lin photo
          Elvis Lin
          R&D Manager
        • Bruce Huang photo
          Bruce Huang
          R&D Manager
        • Wade Ku photo
          Wade Ku
          Senior R&D
        • Art Hsu photo
          Art Hsu
          R&D Member
        • Jay Chaung photo
          Jay Chaung
          R&D Member
        • Hungjiun Shieh photo
          Hungjiun Shieh
          R&D Member
        • Earnest Chen photo
          Earnest Chen
          R&D Member
        • Ricky Huang photo
          Ricky Huang
          R&D Member
      • Advisors

        • Rong Chen
          Elastos Foundation Founder
        • Hu Dinghe
          Elastos Capital Chairman
        • Simon Szeto
          SBI E2-Capital HK Director
        • Raymond Lee
          Everex Group Chairman
        • Miranda Tan
          Robin8 CEO
        • Daniel Liebau
          Founder Lightbulb Capital
        • Matthew Cannon
          Co-Founder at Lightbulb Capital
        • Xavier Hou
          Founder Prometheus Capital

      Roadmap

      • Jul 2018

        Release of basic service SW of ioeX P2P network Messages and files can be sent by single-peer-to-single-peer and single-peer-to-multi-peer.

      • Aug 2018

        Import ioeX P2P network function into IoT box and its remote Zigbee control APP.

      • Sep 2018

        Import ioeX P2P network function into AI Smart Speaker and its remote control APP

      • Oct 2018

        Android/iOS/Linux/Windows version of ioeX P2P network function are ready.

      • Nov 2018
        • P2P network function incorporates blockchain ledger function to enable ioeX cryptocurrency reward mechanism.
        • Cryptocurrency wallet of ioeX, Alpha version.
      • Dec 2018
        • Cryptocurrency wallet of ioeX, Beta version. 
        • Beta version of OTA upgrade through ioeX P2P network function; more than 200,000 peer nodes and over 500 bootstrap nodes distributed throughout Asia, Europe, Americas, and Australia. 
        • ioeX P2P network will begin the project to incorporate IPFS function
      • Jan 2019
        • OTA upgrade through ioeX P2P network function officially released 1st version. 
        • All devices can be rewarded.

      Activity