Which one is in production, in use since 25h December 2016, traded on several exchanges both decentralized and normal exchanges? Byteball.
Iota is vaporware, big promises and very little delivery. Its not even a dag-coin as it doesnt have consensus algorithm, right now the consensus is made by developers deciding everyones balance in their own notebooks and posting "milestone" db releases.
For IoT - Iota doesnt make sense at all as it uses Proof-of-Work, IoT-devices are optimized to _not_ do any work, they must save energy. Iotas solution/suggestion/big-promise is to design a "jinn" hardware another micro-chip to place on your iot sensor to talk Iota. Lulz, there goes the "no fees" claim, the fees are just hidden in extra costs and integrations - and energy usage.
For someone who actually works with IoT, the whole iota thing is laughable. I chuckle every time I write about it.
Byteball is very suitable for IoT, most chips (look a few pages back I mentioned many and explained more in this, or look through my post history) which today can do TLS (which is https) encryption can also already do Byteball.
Not to mention, that your and others internet-of-things can transact with each others based on smart contracts - you can make trading rules when to sell sensor data and for how much, such logic, in the device, with its own addresses, not just "lets spew it transactions and let a centralized exchange decide who buys and who sells". Lol, I cant stop chuckling about iota, and their poor dev coming in here to shill and fud.
You are a well-known liar. I have links proving that, let's bet?