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IAG

The $IAG token serves as the backbone of the Iagon ecosystem and is integrated throughout the usage of the protocol.

As of now, Iagon provides the following utility:

• Provide resources to the network: Resource providers must stake a balance of IAG proportionate to the amount of resources they wish to provide. By providing storage they will earn a portion of the protocol fees.

• Delegate to a resource provider: Token holders who do not wish to provide their own resources to the network can delegate their tokens to a resource provider to earn subscription fees.

• Subscription Boosts: By holding IAG token, holders can receive a boost to the amount of storage (or compute) they receive from each tier of the subscription.

• Platform Payments & Rewards: The token is designed to be used specifically on the Iagon cloud platform, facilitating payment for storage services. These services are priced against fiat currencies (e.g., USD or EUR), with an established exchange rate for IAG tokens, ensuring a stable utility value. The payment in IAG will be facilitated at a later time.

• Voting Power: Holding IAG tokens will give holders voting power in votes pertaining to protocol decision-making. Total voting power will be based on a number of different metrics, with the amount of tokens and how long they have been held having the largest impact.

A seasoned executive, global CTO, VP of innovation and thought leader in advanced energy and telecom/IT working with emerging technologies, new businesses and digital transformation. At Iagon, he identifies new technology, landscapes, developments and opportunities and creates plans to implement them for Iagon and its clients.

Learn more about the team.

Another unique aspect and advantage of Iagon is the choice we made to choose the Cardano blockchain as the Iagon access layer. While we aim to be chain agnostic and grow support for multiple ecosystems, given the current state of the blockchain landscape, we opted to move our initial infrastructure away from Ethereum in favour of a blockchain that was built on similar principles of decentralization and security, while providing a much stronger track record regarding vulnerabilities and exploits. A protocol is only as resilient as the infrastructure it is built upon, and for that reason, Cardano became the clear choice.

As the project evolves, our differentiation will as well. We will share aspects of these product advancements as they near and approach release.

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