The founders of IoTeX are Raullen Chai, Jing Sun and Qevan Guo. At the beginning of the project, the team developed an innovative Roll-DPoS consensus mechanism to improve transaction speed and security. The founding team of IoTeX is very good, with PhDs in computer science and cryptography from top universities and scientists and technical talents. In April this year, it was announced that it had received a $50 million investment from SNZ Capital, Foresight Ventures, Borderless Capital, Amber Group, FutureMoneyGroup, Metrics Ventures, EV3, Waterdrip Capital and other institutions to accelerate the growth of the DePIN ecosystem on the IoTeX chain and its widespread application in the real world.