IOTA Launch

12 June 2017 in in Announcements

IOTA (IOTA) exchange trading will begin at approximately 1PM UTC on Tuesday, June 13. IOTA will be traded against USD and BTC. Margin trading for IOTA pairs will be enabled as the order book develops suitable liquidity.

Several factors have gone into our decision when considering the addition of IOTA trading on Bitfinex. Some of these factors include user requests, market capitalization, design parameters, and a thorough assessment of the token’s development process; including the team behind the token, their strategies for solving technical and nontechnical problems, as well as addressing the scaling issues currently confronting traditional blockchain technologies.

As the Internet-of-Things continues to expand, the need for interoperability and sharing of resources becomes necessary. IOTA enables companies to develop and explore new ecosystems of applications by making every technological resource a potential service to be traded.

Bitfinex supports such innovation and finds it in Tangle, IOTA’s blockless distributed ledger which is both scalable and lightweight; the more users on the network, the faster it becomes. Contrary to typical blockchains, consensus is no longer decoupled; rather, it is an intrinsic part of the system, leading to a decentralized and self-regulating peer-to-peer network.

Learn more about IOTA from www.iota.org.

Follow their latest announcements at https://blog.iota.org.