
InterlayINTR
Interlay Links


Interlay Contracts
- Polkadot2032

Please change the wallet network
Change the wallet network in the MetaMask Application to add this contract.
Interlay Price (INTR)
0.0000008511 BTC1.74%
0.00001338 ETH1.69%

Interlay Links


Interlay Contracts
- Polkadot2032

Please change the wallet network
Change the wallet network in the MetaMask Application to add this contract.
Interlay to USD Chart
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INTR Price Statistics
Interlay Price | $0.02378 |
---|---|
Price Change24h | +$0.00002523 0.11% |
24h Low / 24h High | $0.02342 / $0.02392 |
Trading Volume24h | $54,624 11.39% |
Volume / Market Cap | 0.03428 |
Market Dominance | 0.00% |
Market Rank | #1322 |
Market Cap | $1,593,517 0.11% |
---|---|
Fully Diluted Market Cap | $23,776,651 0.11% |
INTR to USD Converter
INTR Price Live Data
The live Interlay price today is $0.023777 USD with a 24-hour trading volume of $54,624.49 USD. We update our INTR to USD price in real-time. Interlay is up 0.11% in the last 24 hours. The current CoinMarketCap ranking is #1322, with a live market cap of $1,593,517 USD. It has a circulating supply of 67,020,251 INTR coins and the max. supply is not available.
If you would like to know where to buy Interlay at the current rate, the top cryptocurrency exchanges for trading in Interlay stock are currently Gate.io, MEXC, and Kraken. You can find others listed on our crypto exchanges page.
What Is Interlay Network (INTR)?
Interlay is a decentralized network for creating cross-chain, asset-backed stablecoins and synthetics. Interlay’s flagship product is interBTC (iBTC), a 1:1 Bitcoin-backed asset secured by a decentralized custody network, a multi-collateral system, and cross-chain cryptography.
The Interlay network is an L1 secured by Polkadot’s consensus (a Polkadot parachain) and is connecting to Cosmos, Ethereum, Avalanche, Solana, and other major DeFi networks.
INTR is the native utility & governance token, used for:
- Stake-to-vote (like Curve). Lock INTR to participate in governance & earn staking rewards. The longer the lock, the higher to voting power & staking rewards.
- Collateral (like Synthetix). INTR can be used as one of the collaterals to back iBTC and other Interlay assets.
- Utility (like ETH). Transaction and cross-chain fees can be paid in INTR.
- Product benefits (like NFTs): INTR will offer stakers additional security and product benefits, e.g. better liquidation and collateral rates.
How Many INTR Coins Are There in Circulation?
The Interlay network launched as a parachain on Polkadot on 11 March 2022. INTR has an unlimited supply, with 1 billion tokens emitted over the first 4 years. Starting with year 5, there is a 2% annual inflation.
70% of the supply is distributed to the community as airdrops and block rewards: 30% to Vault rewards 5% to governance staking rewards (“stake-to-vote”), and 35% to the on-chain treasury controlled by network governance (of which 10% are airdropped during the first crowdloan). 10% are allocated to a reserve, to be spent on network development and community & ecosystem building. 20% are airdropped to the (current and future) team and early backers who funded the initial development.
Who Are the Founders of Interlay Network?
Interlay was created by Alexei Zamyatin and Dominik Harz. The two met in 2017 during their PhDs at Imperial College London where they were the first researchers in the cryptocurrency lab. Both have been researching Bitcoin and Ethereum since 2015/16, authoring over 30 papers with over 700 citations. Both regularly presented their work at Bitcoin and Ethereum conferences, including DevCon IV, EthCC, Building on Bitcoin, and Breaking Bitcoin.
The first steps towards Interlay and Interlay were made when the XCLAIM paper was presented at the Scaling Bitcoin in 2018 - describing the first-ever protocol to move cryptocurrencies like Bitcoin to Ethereum in an economically trustless and decentralized manner. In 2020, the two founded Interlay to bring research into practice. Today, Interlay employs 23 staff, including developers with experience at Google, Morgan Stanley, Trivago, Accenture, PwC, Worldpay, and Atlassian.
What Makes Interlay Unique?
Interlay combines cross-chain technology with stablecoin designs to create a new paradigm for interoperability: trustless, asset-backed cross-chain stablecoins.
Interlay's flagship product, interBTC (iBTC) is a 1:1 Bitcoin-backed asset on all chains. In summary, interBTC is the Bitcoin equivalent of DAI, extended with physical settlement. An asset-backed Bitcoin stablecoin, secured by (1) a decentralized network of vaults, (2) a multi-collateral system, and (3) cross-chain cryptography - that is physically redeemable 1:1 for BTC.
What makes Interlay unique is the strict dedication to being trustless and decentralized.
Secured by Insurance. Vaults lock collateral in various digital assets in a MakerDAO-inspired multi-collateral system. If Vaults misbehave, their collateral is slashed and users reimbursed.
Radically Open. Anyone can become a Vault and help secure interBTC (iBTC) and other assets, anytime.
Related Pages:
Learn more about Interlay, and interBTC here.
New to cryptocurrency? Find all the information you need with Alexandria, CoinMarketCap’s dedicated education resource.
Here are some other articles that you may be interested in:
https://cointelegraph.com/news/interlay-raises-6-5mm-to-accelerate-bitcoin-defi-interoperability
https://cointelegraph.com/news/bitcoin-interoperability-platform-interlay-raises-3m-in-seed-funding
Here are some other articles that you may be interested in:
INTR Price Statistics
Interlay Price | $0.02378 |
---|---|
Price Change24h | +$0.00002523 0.11% |
24h Low / 24h High | $0.02342 / $0.02392 |
Trading Volume24h | $54,624 11.39% |
Volume / Market Cap | 0.03428 |
Market Dominance | 0.00% |
Market Rank | #1322 |
Market Cap | $1,593,517 0.11% |
---|---|
Fully Diluted Market Cap | $23,776,651 0.11% |