The Internet of Things (IoT) has been rapidly growing over the years, with more and more devices connected to the internet. However, there is a major challenge in the IoT industry – the lack of a secure and decentralized infrastructure. Robonomics Network, an open-source platform for IoT applications, aims to address this challenge. In this article, we will take a closer look at the Robonomics Network and its native cryptocurrency, XRT.
What is Robonomics Network?
Robonomics Network is an open-source platform that enables the exchange of technical and economic information in the form of atomic transactions between user applications, IoT services, and complex robotics. It provides a decentralized infrastructure for managing IoT devices and transactions, ensuring the highest level of security for device launch and receiving telemetry.
Robonomics Network aims to offer the IoT market safer and more advanced internet solutions at every stage of human-machine communication. The platform is based on the achievements of cloud platforms and provides a secure and decentralized infrastructure for IoT applications.
What is XRT Cryptocurrency?
XRT is the native cryptocurrency of Robonomics Network. It is an ERC-20 token that can be used to control IoT devices on top of the Ethereum network and the Robonomics parachain. XRT is used to pay for transactions and services on the Robonomics Network.
- Advertisement -
XRT has a limited supply of 10 million tokens, with a current circulating supply of around 4 million. The token has been listed on several exchanges, including Uniswap, Bilaxy, and Hotbit.
It is important to note that XRT is not a stock. It is a cryptocurrency that is used to pay for services and transactions on the Robonomics Network. However, like stocks, the price of XRT is determined by supply and demand in the market. The more people want to use XRT to access services on the Robonomics Network, the higher the demand for the token will be, and this can drive up the price.
Nomics is a cryptocurrency data and analytics provider that provides real-time and historical market data for cryptocurrencies. XRT is listed on Nomics, and this makes it easier for traders and investors to access up-to-date information on the price and trading volume of XRT.
Robonomics Network and XRT cryptocurrency are poised to revolutionize the IoT industry. The platform provides a secure and decentralized infrastructure for managing IoT devices and transactions, while XRT is used to pay for services and transactions on the Robonomics Network. With a limited supply and increasing demand, the price of XRT has the potential to rise in the future.
- Advertisement -
It is important to conduct your own research before investing in any cryptocurrency. However, with its innovative approach to the IoT industry and its growing adoption, Robonomics Network and XRT cryptocurrency are worth keeping an eye on.
We hope you found this article helpful in understanding the Robonomics Network and XRT cryptocurrency. Stay tuned for more updates on the world of cryptocurrencies and blockchain technology.