Community Trust ScoreVerified
When a native asset is minted on the IOTA network, the “tag” marks an IOTA token in a way where it can act as another kind of asset. In other words, real estate, stocks, your own currency, and more can be traded as native assets – completely.
IOTA Token focuses on connecting the human and machine economies. The IOTA token is considered to be a powerful tool to transfer value between humans and machines. The IOTA token was created to solve real-world challenges. The focus is to use technology to help humans and devices to exchange data and services in the future economy.
The vision of IOTA is a bold one. To achieve this vision, IOTA had to create the token very fairly. There were no locked tokens, no early corporate investors, and no tokens were awarded to founders.
It all started when $500,000 was raised from crowdfunding in 2015. The sustainability of the product was ensured by donating 5% of the tokens to the community to provide support for the foundation. IOTA being a non-profit organization, provides the IOTA token the most trust and value. The trust and value factor makes it possible to work towards a “standardized protocol” for the use of the whole world.
The IOTA token is a powerful asset, and there will be no miners or stakers. Thus, the value and the data can be transacted without any fees, thus making it possible to create various use cases, which no other digital assets can.
IOTA has provided for several groundbreaking industry applications. Several industries have already innovated with IOTA, which includes but are not limited to Mobility and automotive, Industrial IoT, EHealth, Global Trade and Supply Chains, Smart Cities, Customs and Border Management, and Digital Identity.
Community response: How would a stock exchange mint the stocks? In theory, everybody could mint an Amazon isin and call it Amazon stock? There would be verified tokens, just like you know the real Ryan Reynolds on twitter by seeing the verified symbol next to his account.
Great news, but when will it be in the main net? Years? Decades? Same with Coordicide. I believe something big is brewing, though.
A lot of work is getting done to address the number of challenges that are related to cyber-security, e-privacy, or data integrity.
There are several aspects to develop in terms of data monetization, micropayments, IoT architectures, and applications in real estate, industry, and energy, but the token value is what is concerning.
