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Convert
Dominican Peso (DOP) to IoTeX (IOTX) Instantly

DOP DOP
IOTX IOTX
Buy IoTeX (IOTX)

Purchase IoTeX (IOTX) with Dominican Peso (DOP) 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.

IoTeX (IOTX)

How to Buy IoTeX (IOTX)

swipe Step-by-step guidance
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btn Streamlined purchase process
  1. Step 1 illustration
    01

    Choose DOP to IOTX Pair

    Select your preferred payment method and enter the amount.

  2. 02

    Enter Your IoTeX Wallet Address

    Provide your IOTX wallet address and proceed with the payment.

  3. 03

    Receive Your IoTeX

    Complete the payment, and your IOTX will be sent to your wallet.

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Frequently asked questions

  • What fundamental concept does the DOP/IOTX trading pair represent?

    The DOP/IOTX pair represents a swap between two distinct blockchain philosophies: data privacy and real-world device connectivity. Trading DOP, the token for the Data Ownership Protocol which enables selective on-chain data transparency using zero-knowledge proofs, for IOTX, the native coin of the IoTeX Layer-1 blockchain for Decentralized Physical Infrastructure Networks (DePIN), signifies a portfolio shift from on-chain privacy to powering the Internet of Things (IoT) and MachineFi economies.

  • Where can I typically perform a DOP to IOTX token swap?

    A DOP to IOTX swap is typically executed on a decentralized exchange (DEX). You will need a non-custodial digital wallet, such as MetaMask, that holds your DOP tokens. You would then connect this wallet to a DEX that has a DOP/IOTX liquidity pool, or use a DEX aggregator to find the best swap route. Always verify the smart contract addresses for both tokens before confirming the blockchain transaction to avoid fraudulent assets.

  • What are the primary on-chain costs when swapping DOP for IOTX?

    There are two main on-chain costs. First is the network 'gas' fee, which is paid to the validators of the blockchain on which the transaction occurs (e.g., Ethereum for DOP) to process your swap. This fee fluctuates with network congestion. The second cost is the DEX's trading fee, typically a small percentage of the trade value (e.g., 0.3%) that is paid to liquidity providers for supplying the tokens to the DOP/IOTX pool. Be mindful of potential slippage as well.

  • What utility does acquiring IOTX offer within its native ecosystem?

    Acquiring IOTX coin provides direct utility on the IoTeX blockchain. It is used for paying transaction fees for all on-chain activities, including interacting with DePIN projects. Furthermore, IOTX can be staked to help secure the network and earn rewards, and it's essential for participating in governance. It also powers the W3bstream infrastructure, which connects real-world data from IoT devices to smart contracts, enabling innovative MachineFi applications.

  • Why might a user swap from a data privacy token (DOP) to a DePIN token (IOTX)?

    A user might swap DOP for IOTX as a strategic asset allocation move. While DOP's Data Ownership Protocol focuses on encrypting and selectively revealing user data on-chain, IOTX grants exposure to the rapidly growing DePIN sector. This could be a decision to diversify from a pure data privacy play into a protocol that builds tangible infrastructure connecting blockchains to physical machines, a field known as MachineFi.
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