IOTEN aims to be a fast, deflationary, “ultra-secure" and decentralized blockchain network. IOTEN seeks to democratize access to DApps, linking the physical and digital worlds, providing value to users and fueling the new economy of the machines. Users of decentralized network, developers, and businesses that control and use the platform collaboratively will build the interconnected IOTEN network. IOTN is native token of the IOTEN network which powers Internet of things(IoT) devices with DApps. IOTN will be used to pay transactions, managing and governing the IOTEN network, registering new devices, backing NFTs with IOTN in native NFT Marketplace and also TEN wallet fee reduction. In order to compete with other similar niched blockchains, IOTEN will rely on its randomized delegated proof-of-stake protocol (Roll-DPoS) and zk-SNARKS to improve the scalability and security of its blockchain. Currently, IOTEN has Smart Staking and deflation system implemented. A part of company's profits will be used to buy back and burn IOTN tokens from exchanges.

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