Full Name: MIOTA
Issue Date: 2017-07-23
Max Supply: 2.8 billion IOTA
Circulating Supply: 2.78 billion IOTA (2018-07-30)
Market Cap: $2.754 billion (2018-07-30)
Issue Price: $0.0004
IOTA is a revolutionary new transaction settlement and data transfer layer for the Internet of Things (IoT). It is based on a new distributed ledger technology, the Tangle, which overcomes the inefficiencies of current Blockchain designs and introduces a new way of reaching consensus in a decentralized peer-to-peer system. Using IOTA, for the first time ever, people and machines can transfer money and/or data without any transaction fees in a trustless, permissionless, and decentralized environment. This means that even nano-payments are possible without the need for a trusted intermediary of any kind.