Okay, so I am back again with IoT Chain project, to recap I said IoT chain is a project that develops a lite operating system using the blockchain technology and also implementing other technologies like PBFT, DAG, SPV, and CPS. All these technologies work together to provide a decentralized manner in which our data will be both structured and layered and also providing protection by combining the strength the millions IoT nodes in a network.
Basically, IoT chain is a lite operating system that will be used by IoT devices. The operating system is built such that provides security for user data, provides faster communication between IoT devices and also uses minimal resources or energy.
What is the progress so far?
IoT chain has not taken the development stage of the project likely. They have been working tirelessly for the main purpose of making this dream a reality, partnerships have been made, the ITC token been listed on several exchanges, the team have attended many blockchain conferences as well as meet up and have made many connections and are also the marketing department are not doing bad themselves, they have organized bounties and contest in which the winners are rewarded with ITC token.
Some of the partners of IoT chain are GVE, Hero Node, Sentinel, Future Connexions, Gizwits, Adzor Energy, Forbes, Hellobtc and many more.
If you wish to help yourself with some of the ITC tokens, you can get them from one of the following exchanges:
Huobi.pro, okex, cex.com, Bibox, kucoin, tokencan, coinrail, ddex etc.
In the course of the last 2 or 3 month. IoT chain have attended numerous conferences and interviews such as INWE blockchain lounge, blockchain asia 1st meetup, blockchain exclusive interview, deconomy blockchain forum, huobi global partners conference, hashed lounge, tokensky blockchain conference, hardcore uncensored blockchain and many more and during this conferences and interviews the team spoke on the project, answered questions that had to do with the project.
Moving to the marketing/campaign department, the team are actually doing great here. In a bid to get this project to global scale, bounties and contest are frequently organized and points are given to each participant if they completed the task.
The winners are selected either weekly or monthly based on which the team decides.
It would be worth stating that due to all these activities and profound interest in the project, the social media handles are followed by many individuals with telegram have the largest community with a total of 60k plus individuals, 7,936 is the community count on Wechat and QQ, and they are followed by 19,524 followers on Twitter.
Let’s now move to the ongoing development of the public test net which is set to be released by October of 2018. According to the last week report, they have been able to
- Unify the wire protocols.
- Performed network simulations of the test net.
- Light node demonstration plan on the test net.
- Light node demonstration implementation.
- The EVM and WASM implementation comparison is in progress.
I am looking forward to the public testnet. Would be good to see how it all works physically.
Yea, we all can't wait to have a taste of such project, they have a lovely concept that they tend to implement in the IoT industry which is really commendable
Yeah, I have read a lot about them so I want to see everything in action. So am waiting for testnet
Likewise, I think that the testnet and then the launch of the mainnet are going to be the turning points for the project.
Yeah,am expecting testnet and mainnet to be a game changer for them
It just have to be else nothing else might. Or it will probably require extra effort to get something to work.
I hope with the network simulations they mean they have tested the network for load tests. Looks like they are on track with their progress.
We all hope for the best, i'm not a fan of praises but this project gave me reasons to and the concept can attest to the strong value that this project has, so we will likely get a good result out of ITC
I think I can safely say that that could largely be attributed to the fact that their focus is safety and they are constantly pushing out updates.
I see IoTchain is listed in over 8 exchanges Kucoin included, are there any plans to get listed on Binance anytime soon?
With their insane listing fees and at this stage in the project, id rather that they put that money towards development or staff. Seems like a waste of money currently.
Lol why you may be right but i don't see it as a waste of money, binance is one of the most leading exchange there is today
I hope so as that’s my primary exchange but tends to be expensive to get listed... that said they have some great listings already being listed in kucoin already is basically insane I can’t believe they managed to get in this early
Yes, kuCoin also best exchange. IoT is planning for future to list on more exchanges? Is that possible for them?
8 exchanges already can provide the cuge total market cap. Kucoin is one of the greatest exchanges and it doesn't suffer from a star fever like Binance. 1M dollars, seriously? No, let them just put these money into development.
I agree. No need to pay 1 Million for just exchange listing. Kucoin is really good exchange and I have not faced any issues till now.
ITC is already on 8 exchanges? I thought tokens trading at only 3-4 exchanges. I don't think listing at Binance is really needed at this time. why to pay 1 million, better to invest those money in development and marketing
Thank you for the updates, they seem to be up to par as regards their roadmap and testnet development
Since I started following the project they have been sticking to their timeline and roadmap really well the team is constantly putting out updates that really are helpful for people like me keeping track on how well they are performing and programming
They have some great partners, connections like GVE, Hero Node, Forbes & Hellobtc will really help establish IoT Chain as a longstanding position in the IoT & Crypto industry.
These kind of partnerships really could be the difference between a successful network and a shitcoin, seeing them partner with big projects and companies will really strengthen things
Yeah they managed to secure formidable partners which is very important in the success of a project.
Great Project, many big partners, 8 exchanges, testnet running, public testnet coming soon, a great community. what can go wrong? it is a nobrainer for me, this will be one of my best investments
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