Dear community and ITC holders,
IoT Chain announced that the MainNet IoT Chain has now completed the stage observation and has officially entered the main net production environment.
This means that the IoT Chain has officially entered a new stage of development: the mainnet ITC token swap continues, mainnet gas ITG has been officially released, the dual Token economic model will be fully launched; Currently, we have achieved DApp (Decentralized application) support, developers tool library and the full support for blockchain business construction in multi-industry application scenarios. The IoT Chain decentralized network will be more open and friendly, community developers and users will be more closely involved in the ecological construction of the IoT Chain network.
Let’s take a look at the IoT Chain that has entered the main net production environment:
As a decentralized public chain network, IoT Chain has a complete distributed ledger, a complete modular framework, and a Turing complete smart contract. At the same time, it has developed its own virtual machine that supports the smart contract system. IoT Chain committed to provide the IoT world with a wide range of common modules based on distributed networks and the public infrastructure needed to build a decentralized pan-ecosystem.
# Overview
## Pan-ecological public blockchain network-IoT Chain’s function implementation
**IoT Chain | Dual Token Economic Model**
IoT Chain network uses a dual Token economy model to better support the healthy operation of the infrastructure and the development of the blockchain business ecosystem.
In the IoT Chain network, ITC and ITG (Gas Token) Tokens are circulated. Among them, ITC carries value transfer, and ITG acts as a network Gas expense scale and is generated according to the behavior of ITC holders.
**IoT Chain | ITC Wallet**
- Support multi-chain network: support ITC universal chain main network access, support Ethereum access
- Support multi-chain cryptoassets management: support main net ITC, ITG, ETH and ERC20 Token wallet transactions (ie transfer contract)
- Support main net token swap: Users can submit token swap application to swap ITC in the bottom navigation bar “Token Swap”.
This is an excellent decentralized crypto asset management application with simple and smooth operation. You can easily manage your own main net ITC, ITG, ETH, and various ERC20 crypto asset in your wallet. At the same time, all transaction data are synchronized on blockchain, sensitive information such as private keys and passwords are stored only on the local device, which is safe and reliable.
We recommend users swap your tokens in the ITC token swap process through the ITC wallet to win ITG with a ratio of 100:1, as example, swapping 100 ITC tokens is equal to 1 ITG.
* Download ITC wallet: https://iotchain.io/wallet
**IoT Chain | Developer Support**
- Development and deployment guide
- Common modules: encryption algorithm support, distributed identity framework, distributed network transport protocol, virtual machine support, etc.
- Software Development Kit SDK
- IoT Chain Explorer
- Test Network
IoT Chain network will provide a variety of development components and services for enterprise or standalone application developers. Developers can easily write secure smart contracts to easily develop and deploy their own decentralized application DApps on the IoT Chain network. This will provide more friendly support for the construction and implementation of various application scenario blockchain services, and further enrich and promote the decentralized ecological construction of the IoT Chain network.
* Developers please visit：https://iot-block.github.io/iotchain/
* Visit IoT Chain IoT Chain Explorer：https://iotchain.io/explorer
**IoT Chain | Open Source code**
* Please visit: https://github.com/iot-block/iotchain
# Future
**IoT Chain | Mainnet token swap**
Token swap service in ITC wallet will continue open, token swap support of each exchange platform will continue to be pushed, please keep an eye on our announcement channel for updates.
**IoT Chain | Main network continuous performance optimization**
The stability, security, and scalability of the main net and products such as wallets and browsers will be continuously optimized.
**IoT Chain | Developer ecological construction**
Developer platform construction and developer tools and documentation continue to be improved (including smart contract compilation tools, deployment tools, CLI, SDK, etc.) and many more.
**IoT Chain | Other ecological construction support work**
Continue to promote commercial pilot and application scenarios, and further expand IoT Chain decentralized network ecosystem support, including support for game ecology, DeFi ecosystem, developer ecology and so on.
hiveblocks