How to obtain IOTX coins? Introduction to several methods of obtaining IOTX coins

Cryptocurrency exchanges like Coinbase and Binance enable direct purchases of IOTX, facilitating accessible ownership for crypto enthusiasts.

Oct 26, 2024 at 01:54 pm

How to Acquire IOTX Coins: A Comprehensive Guide

1. Direct Purchase

Cryptocurrency Exchanges: IOTX can be purchased directly from cryptocurrency exchanges such as:
- OKX
- Binance
- Coinbase
- Huobi
Over-the-counter (OTC) Platforms: OTC platforms facilitate direct transactions between buyers and sellers, enabling large or private IOTX purchases.

2. Crypto Lending and Borrowing

Lending Platforms: Platforms like Hodlnaut and Celsius Network allow you to lend your crypto assets and earn interest, including IOTX.
Borrowing Platforms: You can borrow IOTX from platforms like AAVE and Compound against your crypto collateral to use for trading or staking.

3. IOTX Staking

Mainnet Staking: By staking IOTX on the IoTeX mainnet, you can earn rewards in the form of IOTX tokens and contribute to the network's security.
Delegated Staking: You can delegate your IOTX to a validator who participates in staking on your behalf and share the rewards.

4. IOTX Mining

Proof-of-Work (PoW) Mining: Historically, IOTX was mined using PoW algorithms, but it has since transitioned to a Proof-of-Stake (PoS) consensus mechanism.
PoS Mining: IOTX is not currently mineable.

5. Airdrops and Bounties

Airdrops: IOTX has distributed free tokens to eligible users through airdrops in the past. Participants may need to complete certain tasks or meet specific conditions.
Bounties: IoTeX has offered bounties for contributions to the network, including bug bounties for security researchers.

6. IOTX Faucets

Cryptocurrency Faucets: Websites or apps that offer small amounts of IOTX for completing simple tasks, such as watching videos or solving puzzles.

7. IOTX Token Swap

Token Swap Platforms: Some platforms allow you to convert other cryptocurrencies into IOTX, such as Coingecko's Convert feature.

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