IRISnet Price

IRISnet: a self-evolving BPoS cross-chain service hub. Just like Iris, the Greek rainbow goddess who faithfully transmits information between the world and heaven, the goal of IRISnet is to become a credible "bridge" linking the digital economy and the real economy, providing a new generation of public chain infrastructure for building complex distributed business applications . The IRISnet developed by Bianbian Intelligence and the Tendermint team will support seamless integration between public chains, consortium chains and traditional business systems, enabling data and complex computing to be interconnected across heterogeneous networks, enabling cross-chain invocation of services.

IRIS is the native token of the IRISnet mainnet and has three functions in the network:

Delegated Mortgage: The IRIS token will be used as an entrusted mortgage token to protect the BPoS blockchain safe operation.

Transaction fees: IRIS tokens will also be used to pay for transactions in IRISnet.

Service fees: Service providers in IRISnet need to use IRIS tokens as service fees.