- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
IRIS Network
About IRIS Network
IRIS Network is an interchain service hub for next-gen distributed applications. Its native cryptocurrency, IRIS token, is used for service consumption, staking and delegation, and governance. IRIS Network was created by the team of tech experts behind Bianjie AI. IRIS Network aims to build a decentralized ecosystem where services can be easily integrated across different blockchains. The IRIS token plays a key role in this ecosystem, as it is used to pay for services, secure the network, and participate in governance. IRIS Network is still under development, but it has the potential to revolutionize the way we interact with blockchain-based services. The team behind IRIS Network is experienced and passionate, and they are committed to building a secure and reliable platform for the future of distributed applications.
IRIS Network is a project developed around the IRIS token, aiming to establish an infrastructure that will facilitate the development and growth of distributed business applications.
*IRIS Token:* The IRIS token is the native cryptocurrency of the IRIS network, utilized as a medium of exchange within the ecosystem. It is also used as a staking token, a mechanism that secures the network and incentivizes active participation from users.
*IRIS Network:* The network itself is designed to be an interchain service hub for next-gen distributed applications, inspired by the "Internet of Services" vision. Built on top of the Cosmos network, IRIS Network aims to enable cross-chain interoperability, allowing services to be easily integrated across different blockchains.
The IRIS token plays several significant roles within the IRIS Network. Its uses include:
*Service Consumption:* Users can spend IRIS tokens to access various services provided within the network.
*Staking and Delegation:* Token holders can stake their IRIS to secure the network, participate in consensus, and earn rewards. Moreover, IRIS can be delegated to trusted validators who then contribute to the network's security on behalf of the delegators.
*Governance:* IRIS tokens also grant holders the right to participate in on-chain governance. Token holders can vote on proposals to change network parameters, upgrade the protocol, and influence the future development of the IRIS Network.