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IoTeX (IOTX) is a blockchain platform designed to connect the Internet of Things (IoT) with decentralized technologies. Its primary function is to enable secure and privacy-centric interactions between devices, allowing for seamless data exchange and automated processes in a decentralized manner.
ParaSwap (PSP) is a decentralized finance (DeFi) protocol that facilitates the swapping of tokens across different decentralized exchanges (DEXs) with optimal pricing and minimal slippage. By aggregating liquidity from multiple sources, ParaSwap allows users to execute trades efficiently while benefiting from lower fees and enhanced trading experiences.