IoTeX Project Update #3–4/27/18–5/20/18

Greetings everyone! We have had a very eventful three weeks since our last update — we enhanced our website, launched our second Charity Program, attended NYC Blockchain Week, welcomed some new team members, and most importantly made great progress on technical development. Thanks for following us — we will have even more to share in the coming weeks!

Technical Updates

Technical Development

  • Our engineer team has redesigned and implemented Merkle Patricia tree to support account-based state transitions
  • With almost 85% code implementation complete, we have finished the first draft of our Roll-DPoS consensus mechanism yellow paper.
  • Implementation of BLS signature and consensus simulation are undergoing
  • Added docker support
  • Completed PoC of IoTeX blockchain working on two embedded systems to experiment and demonstrate its lightweightness and effectiveness. Our Github repo: https://github.com/iotexproject/iotex-core has been “star”-ed by 600+ developers at the time of writing this update.
  • IOTX token contract has been audited extensively by our engineers, developers from the community, and third party vendors. No vulnerability has been identified at the time of writing this update.

Multi-language Support to Website


In the past several months, we have incrementally added English, Korean and Chinese language support to allow our global community to learn more about IoTeX. We have also translated our white paper in several languages! In order to provide even better service to our community, we have added a new feature powered by Google which enables visitors to view our website with even more language choices. If you would like to help with our website localization initiative, please follow our Website Translation Bounty Program.

Welcome Our New Interns!

We are excited to introduce our three talented interns, Vincent Vuong, Vedaad Shakib, and Nick Chen! We are thrilled to have join our top-notch engineering team, bringing new vigor and perspectives to IoTeX.

Vincent Vuong
Computer Science major at the University of Waterloo. Security and blockchain enthusiast.
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Vedaad Shakib
EECS and Applied Math major at UC Berkeley. Blockchain researcher on the cryptoeconomics team at Blockchain At Berkeley.
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Nick Chen
Master in Computer Science at USC and Bachelor in Computer Science at University of Wisconsin-Madison. Machine learning enthusiast.

Community Updates

StoneVan Campaign

A month ago, we launched our first code release, Testnet preview “StoneVan”, and we are grateful for the praise, encouragement, and thoughtful feedback from our community. One of the things we enjoy most at IoTeX is sharing our journey and progress with all of you. Over the next couple of months, we will publish more blogs, videos, and code releases on our social media platforms to inform you all with the progress of Testnet & Mainnet development, exchange listings, and much more. To make sure we keep our community up-to-date, we ask our supporters to subscribe to our channels if you have not done so, and tell your friends about our StoneVan campaign!

Between 05/01/2018 and 05/03/2018, our Testnet Preview Demo video has over 11k views and we received valuable constructive comments and feedback. We are very pleased to see that many supporters have created their original videos / content and shared with their followers on their own channels.

Charity Program II — DoraHacks

In our second Charity Program support DoraHacks, we raised over 140 ETH thanks to our amazing supporters! These donations will be used to reward hackers that successfully complete projects on real-world blockchain and IoT problems suggested by the IoTeX team during 20+ DoraHacks hackathons all around the world.

While our first charity program supported the pioneers of blockchain, the Ethereum Foundation, we wanted our second charity program to foster the next generation of blockchain and IoT developers. That is why we selected DoraHacks, China’s largest hackathon organizer and developer community, which is expanding to over 15 global cities this year.

Bug Bounty Program — IOTX Token Contract

Security of users’ funds is our top priority. Therefore, we held a bug bounty program from 04/25/2018 to 05/05/2018, from which we received valuable bug reports from our supporters. Thank you all for making our token contract even more safe and secure!

Although the bug bounty program has come to an end, you can still submit any issues to [email protected] with a description and instructions on reproducing the attack vector.
High quality reports including steps for reproduction, a vulnerability fix, and a working test that demonstrates the failing and passing cases are greatly preferred.

Website Translation Bounty Program

On May 13, we launched our new bounty program — Translation Bounty for the IoTeX website. We welcomed every one of our supporters to help us with website localization and get bonus points for their contributions! Currently we accept contributions to the languages: Japanese, Korean, Vietnamese, Spanish, Italian, Russian, Hindi.

We have received over 30 pull requests so far, and counting! Thank you all for helping us build a better website — we will take several days to review the pull requests and give out the points bounty to those that contributed soon.

Blockchain week in NYC

The IoTeX team had a fast-paced, productive experience during Blockchain Week in NYC! We had great time meeting blockchain builders, investors, traders, and enthusiasts from all over the world. We closely examined the “pulse” of this global group of blockchain leaders and took away countless perspectives on how we can differentiate ourselves and lead the pack.


Consensus 2018 was held on May 14–16 during NYC Blockchain Week!

Our co-founder Raullen gives a speech on IoTeX’s vision and roadmap to a full house during the Blockchain Week event held by FBG Capital & Block 72.

Co-founder Raullen joins a panel discussion on “Blockchain Technology and Use Cases” during NYC Blockchain Week at Columbia University.

NYC Meetup — 4 Blockchain Projects You Can’t Afford To Miss In 2018



Co-founder Jing gives a speech during an official meetup sharing IoTeX’s vision and roadmap.

Crypto Influencer Summit


The Crypto Influence Summit was endorsed by Coindesk’s Blockchain Consensus Week, and aims to bring together top crypto influencers for a fun night of networking and sharing.

Co-founder Jing joins a panel discussion on “Social Media for Mass Adoption” during the summit.

Upcoming Events

May has been a big month for IoTeX, but we aren’t done yet! We will be kicking off several more community reward programs to show our appreciation to our amazing community that have supported us on our journey.

Token issue & listing announcement on May 21 PDT

Before the end of 05/21/2018 (PDT time), we will announce our token issuance and listing schedule. Please stay tuned to our pinned messages in our official Telegram group and invite your friends to celebrate with us!

New Twitter Campaign

We will have a new community reward program via Twitter next week. Please make sure to follow us on Twitter and Telegram to participate! It will be a multi-day, open campaign (i.e., NOT first come, first serve). Detailed information will be disclosed later next week.

WeChat Campaign

For the Chinese supporters that do not have access to Twitter, there will be an alternative campaign via WeChat where you can earn up to 2,000 points! Detailed information will be disclosed later next week.