IoTeX Launched Token Conversion Portal
The new portal allows users to exchange Ethereum-based IOTX for native network tokens at a one-to-one ratio.
Updated on Oct. 13, 2026 in Investing
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IoTeX has released a portal for converting ERC-20 IOTX tokens into native IOTX tokens. The service facilitates this exchange at a 1:1 ratio with no transaction fees.
Why it matters
The initiative aims to consolidate the two versions of the IOTX token that have existed simultaneously since the launch of the IoTeX mainnet. This transition streamlines token utility across the ecosystem.
The new portal provides a 1:1 conversion ratio for ERC-20 tokens to native IOTX. Users pay zero fees to move their holdings from the Ethereum network to the IoTeX mainnet.
The players
IoTeX
IoTeX is a blockchain platform that focuses on decentralized infrastructure for the Internet of Things.
Revolut
Revolut is a global financial technology company that provides banking services and cryptocurrency support.
Bitkub
Bitkub is a digital asset exchange based in Thailand that supports the trading of native IOTX.
Binance
Binance is a large global cryptocurrency exchange that facilitates the trading of various digital assets including native IOTX.
Kraken
Kraken is a prominent digital asset exchange providing trading services for native IOTX.
The details
To complete the conversion, users connect their digital wallets and sign a transaction to send their ERC-20 tokens. The portal then delivers the native IOTX to the user's original wallet address.
Timeline
IOTX was originally issued on the Ethereum network in 2018.
The IoTeX mainnet was officially launched in 2019.
The new IOTX redemption portal was launched in October 2026.
Market Dynamics
This conversion portal simplifies the ecosystem by consolidating different token standards into a single native format. It follows a pattern of maturing blockchain networks transitioning away from Ethereum-based tokens to their own proprietary infrastructure.
Users holding ERC-20 IOTX can now unify their holdings into the native version required for staking and transaction settlement. This conversion ensures that assets are compatible with major exchanges like Binance and Bitkub.
The takeaway
Holders of legacy IOTX should verify their current token standard to determine if a move to the native network is beneficial for their staking goals. Consolidating assets can simplify portfolio management across various exchange platforms.
Further reading
Learn more about asset management strategies in our Investing section.
Source note: This article includes information reported by TokenPost.
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Do you plan to convert your existing ERC-20 tokens to native network tokens?
