The $IAG token acts as the core component of the Iagon ecosystem, integrated into every aspect of the protocol's operation.
Currently, the token offers these utilities:
- Supply resources to the network: Providers are required to stake an amount of IAG that corresponds to the volume of resources they intend to supply. In return for offering storage, they receive a share of the protocol fees.
- Delegate to a provider: Holders who prefer not to supply their own hardware can delegate their tokens to a resource provider, allowing them to earn subscription fees.
- Subscription Boosts: Holding IAG grants users a boost in the storage or compute capacity received from each subscription tier.
- Platform Payments & Rewards: The token is intended for use on the Iagon cloud platform to pay for storage. Although services are priced in fiat currencies like USD or EUR, an established exchange rate for IAG ensures stable utility value. The team states that payments in IAG will be facilitated at a later time.
- Voting Power: Possessing IAG grants voting rights on protocol decisions. Total voting power depends on several metrics, with the quantity of tokens and the duration they have been held having the most significant impact.
Dr. Navjit DhaliwalA serial entrepreneur focused on business and technology, he leads the Iagon team to remain at the forefront of the decentralized cloud services sector.
Dr. Elad HarisonAn expert in AI, Machine Learning, Economics, and Industrial Engineering, he integrates technical, scientific, business, and economic elements into Iagon’s organizational processes. He is tasked with cultivating an accountable, success-driven environment within the company.
Dr. Rohit GuptaDr. Gupta currently serves as Technology Director at Expedia Group, having previously worked with Amazon and Ames Research Laboratories before founding HealthGini. With a strong background in innovation, he has demonstrated success in building cultures of customer focus and operational excellence across travel, e-commerce, healthcare, telecommunications, fraud, and cloud computing. He serves on the IAGON advisory board as the Cloud Computing Research Advisor.
Dr. Claudio LimaA global CTO, VP of innovation, and executive experienced in advanced energy and telecom/IT, he works with emerging technologies and digital transformation. At Iagon, he identifies new technological landscapes and opportunities, creating implementation plans for the company and its clients.
Learn more about the team.
SecurityTraditional cloud markets have suffered from costly data breaches, monitoring issues, and outages. Iagon addresses this by using data encryption and sharding to keep business and individual data confidential. By utilizing a distributed storage network, it mitigates single-point vulnerabilities, increases data redundancy, and ensures continuous data access. Unlike traditional models, Iagon supports user-centered data ownership, allowing customers to control how their data is stored and accessed, providing assurance that their data remains secure.
ComplianceIagon uniquely focuses on combining decentralization with compliance. Recognizing that companies need cloud solutions that meet regional standards, Iagon is built to proactively support compliance. This gives users full control over data storage location and access methods, while offering real-time insights that can be exported and shared with regulatory entities.
CardanoA key advantage of Iagon is its selection of the Cardano blockchain as the access layer. While the project aims to be chain agnostic and support multiple ecosystems in the future, the team opted to move initial infrastructure away from Ethereum. They chose Cardano due to its similar principles of decentralization and security, along with a stronger track record regarding vulnerabilities and exploits. The team believes a protocol’s resilience depends on its underlying infrastructure, making Cardano the clear choice.
As the project develops, its differentiation will evolve. Details on product advancements will be shared as they approach release.
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