IAGON PriceIAG

What is IAGON (IAG)?

IAGON (IAG) is an AI-driven shared storage and compute economy built on the Cardano blockchain. It operates as a decentralized cloud service marketplace that bridges decentralization with compliance, providing privacy, security, and operational sovereignty for both enterprise and retail consumers. The project addresses the fundamental issues associated with traditional centralized cloud services by leveraging data sharding, encryption, and a global network of server nodes to mitigate single points of failure, data leaks, and surveillance. IAG serves as the native token of the protocol, operating on Cardano with a capped total supply of 1 billion tokens. The first version of the protocol implements a storage-focused marketplace, while Iagon Compute is designed to augment the decentralized storage solutions. Iagon was founded in 2017 and launched its token on July 28, 2021.

Key Specifications & Tokenomics

• Name: IAGON
• Ticker / Symbol: IAG
• Blockchain / Platform: Cardano
• Category: DePIN, Distributed Computing, Storage
• Launch Date: 2021-07-28
• Total Fixed Supply: 1,000,000,000 IAG
• Max Supply: 1,000,000,000 IAG
• Circulating Supply: 486,749,152 IAG
• Circulating Supply Percentage: 48.6751040515069%
• IAG Token Policy ID: 5d16cc1a177b5d9ba9cfa9793b07e60f1fb70fea1f8aef064415d114
• ERC-20 Contract Address (legacy): 0x40eb746dee876ac1e78697b7ca85142d178a1fc8. This is the pre-migration version; it no longer carries protocol functionality, and the ERC20-to-Cardano swap is still in progress.
• Block Explorer: https://cardanoscan.io/token/5d16cc1a177b5d9ba9cfa9793b07e60f1fb70fea1f8aef064415d114494147
• Official Website: https://iagon.com/
• Whitepaper / Documentation: https://docs.iagon.com/
• Funds Raised: $3.6 million

Token allocation overview: Community Incentives account for 461 million IAG, Development for 112 million IAG, and Team for 85 million IAG. The Team allocation is locked until October 2025, after which it will be distributed over a 6-month period. All other tokens are on the free market, meaning they are available for trading and exchange, and any transaction related to them can be tracked and verified using the Cardano explorer.

Who created IAGON?

Iagon was founded by a pair of blockchain enthusiasts with PhD backgrounds who identified the fundamental issues associated with how data is stored. Dr. Navjit Dhaliwal is CEO and Founder, Dr. Elad Harison is COO and Co-Founder, and Dr. Claudio Lima is Co-Founder. Dr Rohit Gupta, a pioneer in cloud computing, joined Iagon as a new and influential member from the cloud computing community. Additionally, Ivan Liljeqvist, Founder and CEO at Moralis, and Mark W. are listed on RootData as associated with the project. Iagon AS is a publicly registered entity in the Norwegian business registry, founded in 2017, and has committed over 1.1 million Euros to its development.

How does IAGON work?

Iagon operates on a decentralized model that distributes data across a network of server nodes to ensure redundancy, fault tolerance, and high availability. Iagon's Secure Lake technology is designed around decentralization, encryption, random clipping masks, error-correcting codes, compression, and sharding. Files are encrypted on the client side before being stored, ensuring that users retain control over their data. Iagon Storage provides decentralized cloud storage with familiar folders, files, sharing, and quotas, while data is protected by user-controlled encryption. Iagon Compute is designed to augment the decentralized storage solutions. According to Iagon's documentation, its decentralized web hosting is described as trustless and compliant (https://docs.iagon.com/). The first version of the protocol implements a storage-focused marketplace, and the project updated its whitepaper in February 2022 to introduce Secure Lake technology.

What makes IAGON unique and valuable?

Iagon distinguishes itself through a combination of decentralization, compliance, and operational sovereignty. The platform offers "Compliance in a box," enabling one-click compliance so users can choose where their data is stored and how it is transferred or accessed, remaining compliant with their region of operation. Operational sovereignty allows users to manage their data with complete control, deciding by whom, when, and where data is accessible. The decentralized server network mitigates single-point failures and safeguards against malicious attacks. Iagon also provides big data capabilities: the network can be used for AI and big data computation. Interoperability allows easy integration with third-party dapps and protocols, enabling them to leverage decentralized storage and computing. Iagon has collaborated with ADA Handle to enhance transparency and accountability with specifically allocated wallets for IAG tokens based on their designated purposes. This arrangement enables anyone to easily track all token movements on the blockchain, ensuring accurate and real-time information for users. These tokens are, and will continue to be, controlled by the Decentralized Autonomous Organization (DAO), and they are not owned by any company. Iagon is also building with Würth Group a way to share 3D designs while keeping control of them, demonstrated via a one-minute simulation at TOKEN2049.

What is IAGON used for?

IAG is the native token of the Iagon protocol, operating on the Cardano blockchain. It is used within the ecosystem to facilitate the decentralized marketplace for storage and computing resources. The token supports the Resource Providers Rewards Program, which includes the Liquidity Stake Pool Offering (LSPO) and node operators' staking rewards. IAG is also used for community incentives, such as the referral program and Storage Provider Hives. Following the migration to Cardano, the ERC-20 version of IAG no longer carries protocol functionality, but the ERC20-to-Cardano native token swap is still in progress. Holders of the old ERC-20 tokens should follow official announcements to complete the swap. The token allocations are managed by the DAO, representing the community of token holders, ensuring collective decision-making power over the tokens.

How Is the IAGON ecosystem developing?

The Iagon ecosystem is developing through a range of products and programs. Iagon Storage provides decentralized cloud storage with client-side encryption, while Iagon Compute is designed to augment these storage solutions. Decentralized Web Hosting distributes data across a network of nodes for high availability. The Resource Providers Rewards Program includes the LSPO and node operators' staking rewards. Within the 461 million IAG Community Incentives allocation, 30 million IAG is dedicated to the LSPO with 12 months of vesting starting April 2024, and 100 million IAG is allocated for node operators' staking rewards distributed over 15 years. Storage Provider Hives is a program with 20 million IAG earmarked from the Community Incentives allocation. The project has also allocated 60 million IAG for a referral program. The remaining 251 million IAG tokens from the Community Incentives allocation are strategically reserved for future programs like decentralized compute. Iagon updated its whitepaper in February 2022 and continues to develop its technology and ecosystem.

How to mine IAGON?

IAG is not produced through computational mining. Instead, the network relies on a decentralized server network where resource providers contribute storage and compute resources. Participants can earn rewards through the Resource Providers Rewards Program, which includes the Liquidity Stake Pool Offering (LSPO) and node operators' staking rewards. These rewards are denominated in IAG and come from pre-allocated token pools. Node operators' staking rewards become claimable after 73 epochs of dedicated staking. These mechanisms incentivize users to contribute resources to the network and support the decentralized infrastructure.

How to keep your IAGON Coin safe?

To keep your IAG tokens safe, it is important to use secure wallets that support Cardano-based assets. Since IAG operates on the Cardano blockchain, users should ensure they store their tokens in wallets compatible with Cardano native tokens. Always verify the IAG token policy ID before conducting any transactions to avoid counterfeit tokens. Enable two-factor authentication on any exchange accounts and use hardware wallets for long-term storage. Be cautious of phishing attempts and only interact with official Iagon platforms and verified smart contracts. Regularly monitor your holdings and transaction history through the Cardano block explorer. Keep your private keys and seed phrases secure and never share them with anyone. The ERC-20 version of IAG no longer carries protocol functionality, but the ERC20-to-Cardano native token swap is still in progress. Holders of the old ERC-20 tokens should follow official announcements to complete the swap.

IAG is a volatile crypto asset, and its price can fluctuate significantly. Regulatory policies in different jurisdictions may affect how the token can be used or accessed. The project also carries technology risks, including the possibility of bugs, security incidents, or delays in product development. This article is for reference only and does not constitute investment advice.