Top 3 IoT Tokens to Watch in November 2022
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The term “Internet of Things” refers to “physical things” that communicate with other electronic devices or the Internet to exchange information. The common Internet Of Things (IoT) token has a total market capitalization of $2,970,007,248, with VeChain (VET) topping the list with a total trading volume of $225,267,407.
Note: This list is sorted by their market value from lowest to highest
Nitro Network (NCash)
- Price unit: $0.00004145
- Market value: $299,365
- Indistinct features: Participants in Nitro’s decentralized PCN are part of a diverse ecosystem that they own, manage and benefit from.
The largest decentralized private communications network is under construction Nitro network, as stated by the team, and is supported by IoT, LoRaWAN, 3G, 4G and 5G.
The Non-Fungible Miners or NFMs, from the Nitro Network, represent the next advancement in NFT functionality. NFMs combine NFT’s original artwork and ownership principles with a utility that benefits the DeFi industry.
The two main domains of the blockchain industry, non-correctable tokens and decentralized finance, were combined to produce NFMs. The NFM ecosystem utilizes the unlimited energy of these dynamic fields with its IoT solutions.
NFMs generate incentives for their owners in the form of Nitro’s native token, $NCash, without additional equipment or fees, unlike most traditional mining techniques that require expensive, inefficient equipment.
Exchange: NCash currently trades directly on Huob and Bitbns.
- Unit Price: $17.39
- Market value: $14,366,454
- Clear features: The company claims there is no possibility of upfront or other mining manipulation because there are no miners or blocks, making dApps safer and simpler to create than blockchain-based dApps.
Obyte is a distributed ledger built on top of a directed acyclic graph. Access to the Obbyte ledger is decentralized, instant, free (as in freedom), equal, and open, unlike centralized ledgers and blockchains.
DApps are created using Oscript, a brand new programming language that avoids many of the risky programming practices used by previous dApp platforms.
Obyte is a good choice for IoT applications due to its low power consumption and modest memory requirements. Several PoCs have been created in cooperation with Stuttgart Bosch Connectory. Obyte has participated in two Connectory Hackathon events as a key technology supplier, which has led to several interesting applications, some of which are still being developed by Bosch’s various business units.
Exchange: GBYTE currently trades live on QuickSwap (V3), Bittrex, Finexbox and QuickSwap.
- Price Unit: $0.08158
- Market value: $16,442,902
- Clear features: Cortez is the world’s first decentralized computer capable of running AI and AI-powered dApps on the blockchain.
Cortex is a peer-to-peer, decentralized blockchain platform that is open source and enables the execution of artificial intelligence (AI) models on a decentralized network.
Cortex provides an open source platform to democratize artificial intelligence, where models can be rapidly integrated into smart contracts and distributed applications.
Cortex provides developers with a wide range of tools to design and incorporate AI into smart contracts, leveraging Solidity as a smart contract language to remove friction.
Cortex wants to create a community of open source developers and researchers who are even more motivated to share their designs with the world.
Exchange: CTXC currently trades live on Binance, MEXC, CoinW, OKX and Huob.
Disclosure: This is not trading or investment advice. Always do your research before buying cryptocurrency or investing in services.
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