ioeX is a decentralized peer-to-peer network built on top of Elastos. The developers claim their network will combine the internet, IoT and blockchain solutions. Being a basic communication framework and development interface, ioeX does not have any application properties. For example, ioeX will be able to transfer software update packages to seed peer nodes and then use other nodes for mass distribution. The ioeX bootstrap and peer nodes will provide relay functions and temporary storage. The nodes will be rewarded with ioeX coins, which will also be required to access the network services.