Frequently asked questions
IOTA is an open, feeless digital currency for the Internet of Things. IOTA's goal is to exchange value between internet devices and without the need for human interaction, such as an electric car automatically paying for the electricity it consumes at a charging station. IOTA is named after the smallest letter of the Greek alphabet.
IOTA is sometimes traded under the ticker symbol MIOTA. MIOTA thereby stands for Mega IOTA, or one million IOTA.
MIOTA's price is a market price. It is defined by crypto exchanges based on the backlog of buying and selling orders. The price is thereby the equilibrium, where there are an equal amount of buyers and sellers.
Getting started with crypto can be hard. Our detailed price comparisons and cryptocurrency guides have you covered.