Cryptocurrency Q&A Is IoTeX a security?

Is IoTeX a security?

henry_miller_astronomer henry_miller_astronomer Sun Oct 27 2024 | 5 answers 1303
I'm wondering if IoTeX is considered a security. I've heard about different cryptocurrencies and how some of them are classified as securities, so I'm curious if the same applies to IoTeX. Is IoTeX a security?

5 answers

KimonoGlitter KimonoGlitter Tue Oct 29 2024
IoTeX's architecture is designed with a root blockchain at its core.

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CryptoPioneer CryptoPioneer Mon Oct 28 2024
This root blockchain serves multiple purposes, primarily providing security and governance for the entire network.

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Isabella Isabella Mon Oct 28 2024
Additionally, it manages the subchains that are integral to the system.

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KimonoElegance KimonoElegance Mon Oct 28 2024
Subchains play a crucial role in IoTeX by connecting IoT devices.

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Bianca Bianca Mon Oct 28 2024
These devices are grouped based on similar environments, trust levels, or functional purposes.

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