IRISnet is Interchain Service Hub for NextGen Distributed Applications. The market cap is $54,903,642 and the 24h volume is $9,457,304.
- What is IRISnet?
IRISnet is built upon a Cosmos-SDK and functions as a ground layer network of decentralized business applications.
It’s based on Tendermint Bond-Proof-of-Stake (BPoS) Consensus.
- How was IRISnet launched?
25% of the total token supply of 2bil. have been sold in a private sale in March 2018.
15% were assigned to the Bianjie Development Team (4-year vesting period).
10% were assigned to the Tendermint Development Team (2-year vesting period).
15% were assigned to the IRIS Foundation.
30% are kept as a reserve to support the Ecosystem Development.
5% will be airdropped to Cosmos ATOM holders.
- Who is the team behind IRISnet?
IRISnet is founded by Haifeng Xi and Heng Harriet Cao.
They are leading the IRIS foundation and the Bianjie Blockchain Development Studio.