IoTeX will receive updated tick sizes for IOTX spot pairs on Binance on August 20th at 05:00 UTC.
The IOTX/USDT price increment will change from 0.00001 to 0.000001, while IOTX/JPY will change from 0.001 to 0.0001. The finer increments are intended to support tighter spreads and more precise price discovery.
Refer to the official tweet by IOTX:
📢Announcement: @binance is updating the tick size for $IOTX spot pairs!
With 10x finer price increments, expect tighter spreads and better price discovery.
🔹 IOTX/USDT: 0.00001 âž¡ï¸ 0.000001
🔹 IOTX/JPY: 0.001 âž¡ï¸ 0.0001
📅 Effective: Aug 20, 05:00 UTC.
Note: Existing orders… pic.twitter.com/gbRhtg0WTg
IOTX Info
IoTeX (IOTX) is an open-source blockchain platform specifically designed for the Internet of Things (IoT) with a strong emphasis on scalability, privacy, isolation, and the ability to develop decentralized applications and IoT ecosystems.
IoTeX was created to address the technical challenges faced by existing IoT ecosystems, such as security issues, high maintenance costs, and scalability limitations. The project is developing a new blockchain architecture to support a large number of IoT devices.
At the core of IoTeX is the concept of “blockchain within a blockchain.” The main network, or “root blockchain,” is responsible for network management and security, while internal blockchains, or “sub-blockchains,” are used to manage various IoT devices and process transactions.
The IoTeX network utilizes its native token, IOTX, for operations such as transaction fee payments and participation in network governance.
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