Connecting The Human and Machine Economies
The IOTA token is a powerful tool for value transfer among humans and machines.
The IOTA Foundation created the IOTA token to solve a real-world challenge: How do you allow humans and devices to exchange data and services in a future economy?
With this bold vision, it was important for the IOTA token to be created fairly. There were no locked tokens, no early corporate investors, and no tokens were awarded to founders.
Roughly $500,000 was raised from a crowdfund in 2015. To ensure the sustainability of the project, 5% of tokens were donated by the community to support the Foundation.
The IOTA Foundation is a non-profit organization. This gives the IOTA token more trust and value. It ensures we can achieve our vision of creating an open-source, standardized protocol for the world to use.
The IOTA token is a powerful digital asset. There are no miners nor stakers. This means value and data can be transacted without any fees, enabling a variety of use cases no other digital asset can.
IOTA is the underlying technology for many ground-breaking use cases. These are some of the industries that are innovating with IOTA.
The IOTA Foundation provides technology and frameworks to harness, interact and develop on the Tangle network.
An open-source foundation, developing the next generation of protocols for the connected world.