IoTeX Network is a token that is wrapped and pegged by Binance at a 1:1 ratio to its corresponding native token. This feature ensures that users can seamlessly interact with the token while maintaining its value stability. Additionally, IoTeX Network supports BEP20 token deposits and withdrawals on the Binance platform. This functionality enhances the token's accessibility and usability within the broader Binance ecosystem. With its straightforward peg and integration capabilities, IoTeX Network provides users with a reliable option for engaging in decentralized finance activities. The token's design aims to simplify transactions and interactions on the Binance Smart Chain. Overall, IoTeX Network serves as a practical bridge for users looking to leverage the advantages of the Binance ecosystem while utilizing the token's unique properties.