It divides participants into users, validators, and delegators, and explains that the native IOTA token is the center of the economic flow. (IOTA) 1. IOTA Mainnet on-chain state mapping: Existence. MoveVM on-chain state mapping: exists.
Investment View
Users submit transactions to the IOTA network to create, modify, transfer assets, and interact with smart contracts. Developers use the Move package and object model to deploy app-specific assets, permissions, and market rules. Validators protect the network state by participating in transaction execution and consensus. Delegators participate in the security budget and receive rewards by delegating tokens to validators. A portion of transaction fees are burned to cushion inflation, and storage deposits shift the cost of state inflation to users. In this architecture, IOTA's core economic resources are IOTA tokens, on-chain storage space, validator processing power, Move object state, developer...
IOTA initially started with the narrative of IoT, DAG, and fee-free microtransaction network, but through the 2024 and 2025 Rebased strategy, it was redefined as a general-purpose Layer 1 infrastructure with MoveVM, EVM, DPoS, staking, fee burning, and validator network. The official document describes IOTA as a “decentralized blockchain infrastructure” and expands its product line to Mainnet, EVM, Identity, Tokenization, Gas Station, Wallet, and Tooling. The official FAQ summarizes Rebased's key changes as object-based ledger, MoveVM, DPoS, and dynamic tokenomics. (IOTA document) Currently, the core task of IOTA is not the technological transition itself, but the launch of Rebased Mainnet...
Investment View
Rebased is a typical goal post refresh. The goal was reset from the existing “feeless DAG IoT” narrative to “Move-based L1 + EVM + staking + real economy” to lower the achievement rate and create a new evaluation standard. Implications: On the positive side, IOTA has discarded the old narrative and moved to a broader market. On the negative side, rather than a completion of past promises, this section is not investment advice but a maturity scenario. The challenge is economic independence. In order for the reward issuance structure of 767k IOTA/day to be justified in the long term, fee...