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IoTeX is an open-source blockchain platform designed for the Internet of Things (IoT). It 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. The IoTeX network utilizes its native token, IOTX, for operations such as transaction fee payments and participation in network governance. IoTeX will participate in the DePIN United event at Breakpoint in collaboration with Onocoy Association and Solana on November 2nd.