IRISnet IRIS
Report IssueIRISnet is the foundation for the next generation of DApps. Built with the Cosmos-SDK, IRIS Hub enables cross-chain interoperability by providing modules to support DeFi. An internetwork service infrastructure and protocol for building reliable and distributed business applications.
Details
$0.001
-1.10%
#1934
Blockchain Service
ByBit 
Gate 
Score
Sentiment
Bearish 
Fundraising Statistics
$0 -1.10%
$0.08
IRISIRISnet
USDCUSD Coin
Short Review IRISnet
Crypto project IRISnet (IRIS) is classified as a Blockchain Service. IRISnet is a Utility token that is hosted on the Ethereum Network. The current total supply is 1.99 B IRIS (Circulating Supply + Tokens yet to be released - Burned Tokens).
IRISnet (IRIS) price during the token sale: 0.08 USD.
IRIS Price Chart
The launch of IRIS token trading took place on 18 April 2019.
Fundraising Rounds
Total sold 500.00 M IRIS tokens (25.00% of total tokens). Total amount of funds raised by the IRISnet project is $40.00 M.
| Investment Round | Date | Price | Funds Raised |
| Private Round | October 2018 | $0.08 | $40.00 M |
IRISnet Investors
IRISnet Cryptocurrency (IRIS)
IRISnet is an infrastructure-based blockchain solution that serves as a communications relay for other blockchains and their applications. The project uses a specially delegated Proof-Of-Stake (“BPoS”) consensus mechanism. Thanks to the consensus mechanism, users can receive additional rewards for staking.
IRIS cryptocurrency is a token within the blockchain of the same name. It is used to distribute and operate the aforementioned consensus mechanism, pay transaction costs and execute smart contracts, as well as create and vote on proposals to management.
History of the IRISnet Project
The team behind the creation of IRISnet has already successfully developed blockchain products, including the Blockchain Edge Analytics Network, designed for data dissemination in the healthcare sector. The IRIS network includes an instance of this product at the service layer as a data extraction tool for analytical models. It should be noted that the IRIS network is a project that emerged through the collaboration of blockchain companies such as Tendermint, Wancloud (a subsidiary of Wanxiang Blockchain) and Bianjie AI. Important fact: Tendermint is responsible for technical support and development of the IRIS network. Wancloud positions itself as a partner in the development of the IRIS network ecosystem. The core team includes representatives from all mentioned organizations. The project is currently supported by six consultants. Among them are Yubo Ruan, founder of 8 Decimal Capital, and Adrian Brink, chief developer and head of the Tendermint/Cosmos community.
Advantages of IRISnet (IRIS)
- Reliable team. The team has a proven track record in developing blockchain projects and has participated in a healthcare sector program.
- Interoperability. IRISnet is suitable for applications that require information exchange and collaboration outside and between networks. Examples include sharing medical data while maintaining confidentiality.
Disadvantages of IRISnet (IRIS)
- New Project. This project appeared quite recently and has not yet managed to gain a strong foothold in the crypto market. It is currently still under development.
