MIOTA is the native utility token of the IOTA platform, founded in 2015 by Sergey Ivancheglo, Serguei Popov, David Sønstebø, and Dominik Schiener.
IOTA is an open source distributed ledger platform that utilizes a directed acyclic graph technology called Tangle instead of traditional blockchain, which allows for infinite scalability and zero transaction fees.
As of 2019, MIOTA is ranked 20th among cryptocurrencies in market capitalization.