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Chilean peso (CLP) to IoTeX (IOTX) Instantly
Purchase IoTeX (IOTX) with Chilean peso (CLP) easily at Switchere and benefit from fast, secure transactions.
About
IoTeX (IOTX)
IoTeX (IOTX) is a decentralized network specifically engineered to power the Internet of Things (IoT) and establish the foundation for MachineFi, an emerging machine-driven economy. This Web3 infrastructure project aims to securely connect real-world devices, such as sensors and smart gadgets, with blockchain applications. At its core, IoTeX features an EVM-compatible Layer 1 blockchain that utilizes a unique Roll-Delegated Proof of Stake (Roll-DPoS) consensus mechanism. This design ensures high scalability, low transaction costs, and robust cryptographic security, which are essential for managing millions of concurrent device interactions.
A key innovation is W3bstream, a decentralized off-chain compute infrastructure that acts as a bridge for real-world data. It processes information from connected devices and triggers on-chain smart contracts, effectively creating a verifiable data oracle for the IoT ecosystem. The native IOTX utility token is integral to the network's operation. It is used for paying gas fees, staking by delegates and voters to secure the blockchain and participate in governance, and for registering and managing decentralized device identities. By enabling trustless device-to-device communication and automation, IoTeX is positioning itself as a foundational platform for the future of the decentralized machine economy.
How to Buy IoTeX (IOTX)
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Frequently asked questions
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What is the primary method for buying IoTeX (IOTX) with Chilean Pesos (CLP)?
The most common method to acquire IOTX with CLP is through a cryptocurrency exchange that serves as a fiat on-ramp for the Chilean market. Users typically need to complete KYC/AML compliance, then deposit CLP via local payment methods like a 'transferencia bancaria' (bank transfer) or WebPay. Once the CLP is in your exchange account, you can place an order on the CLP/IOTX order book to purchase the digital asset. -
What makes the CLP/IOTX pair important for accessing the DePIN and MachineFi ecosystems?
The CLP/IOTX pair provides a direct fiat gateway for users in Chile to enter IoTeX's innovative ecosystem. This is crucial for participating in DePIN (Decentralized Physical Infrastructure Networks) and MachineFi, which involve connecting real-world IoT devices to the blockchain. By acquiring IOTX with CLP, users can pay for transaction fees, stake IOTX for network consensus, and interact with dApps that leverage real-world data processed via technologies like W3bstream. -
After buying IOTX with CLP, what are the best practices for storing it securely?
For long-term holding, it is highly recommended to move your IOTX from the cryptocurrency exchange to a personal digital wallet where you control the private keys. IoTeX is EVM-compatible, so you can use wallets like MetaMask or hardware wallets like Ledger or Trezor for maximum security. Always back up your seed phrase offline and never share it. Leaving assets on an exchange exposes you to counterparty risk. -
Are there liquidity or trading volume considerations for the CLP/IOTX pair?
The CLP/IOTX pair is less common than major pairs like USD/IOTX or EUR/IOTX, so it may have lower liquidity and trading volume. This can result in higher 'slippage' for large orders, meaning the execution price might differ from the expected price. It's advisable to check the order book depth on your chosen exchange and consider placing limit orders instead of market orders to control your purchase price. -
What utility does the IOTX token have beyond being a tradable asset?
The IOTX token is integral to the IoTeX network's function. Its primary utilities include: paying for gas fees for transactions and smart contract execution on its EVM-compatible chain, staking IOTX to participate in the Proof-of-Stake consensus and earn rewards, and participating in network governance to vote on proposals that shape the project's future. It is the core economic unit of the MachineFi economy.