IoTeX has introduced a new redemption portal allowing users to convert their Ethereum-based ERC-20 IOTX tokens into native IOTX tokens on the IoTeX mainnet at a 1:1 ratio with no fees. This move unifies the two forms of IOTX tokens that have been circulating since the native IoTeX mainnet launched in 2019. Native IOTX tokens are used for gas fees, staking, and transaction settlement on the IoTeX Layer 1 network. The portal simplifies token management and is supported by exchanges like Revolut, Bitkub, Binance, Upbit, Bithumb, and Kraken, enhancing accessibility for users globally.
The IoTeX token conversion portal is the subject here, with Pluang market data providing context. As of Oct 13, 2026 09:41 WIB, out of 50 major cryptocurrencies on Pluang, only 5 rose while 44 fell. Notable movers include AXS at Rp20.239 with a -9.63% change and a typical hold time of 62 days, ONE at Rp32 with an -8.62% change and a 152-day hold time, and FIL at Rp20.086 with an -8.60% change and a 99-day hold time.
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