IagonPrice

(IAG)

Iagon differentiates itself by integrating both decentralized storage and AI-driven compute capabilities onto a single platform. Unlike some platforms focused solely on storage or others on compute, Iagon offers a comprehensive solution. Additionally, it uniquely emphasizes compliance features, such as GDPR-compliant storage locations, which is a significant advantage in the Web3 ecosystem for businesses seeking regulatory adherence over general cloud service providers.

Iagon initially launched on the Ethereum blockchain. However, the project has since undergone a complete migration to Cardano. Consequently, the native IAG token is now a Cardano Native Token (CNT), leveraging Cardano's secure and efficient infrastructure for all its operations and transactions. This migration means the project is fully integrated into the Cardano ecosystem.

The IAG token serves multiple critical functions within the Iagon ecosystem. It is primarily used as the payment currency for accessing decentralized storage and compute services on the platform. Furthermore, IAG tokens are essential for node operators who must stake them to provide their resources to the network. The token also acts as a reward mechanism for resource providers and stakers, incentivizing participation. In the future, IAG holders will gain governance rights, enabling them to participate in the Iagon Decentralized Autonomous Organization (DAO).

No, ERC-20 IAG tokens are no longer valid or usable. Following Iagon's complete migration to the Cardano blockchain, all ERC-20 tokens are considered obsolete. The project provided a specific "claim portal" for users to swap their old Ethereum-based tokens for the new Cardano-native version. If you hold ERC-20 IAG tokens, it's important to understand they are no longer supported on the Iagon platform.

Users can earn rewards in the Iagon network through two primary methods. Firstly, by running a node, which involves providing your unused storage and computing power to the network. This directly contributes to the platform's infrastructure and earns you rewards for the resources you supply. Secondly, users can earn rewards by staking their IAG tokens, either as part of running a node or by delegating their tokens to existing nodes, participating in the network's security and stability.

Yes, Iagon provides an option for users to stake their IAG tokens and earn rewards without the need to run or manage a dedicated hardware node. The platform features a staking mechanism that allows users to delegate their IAG tokens to existing node operators. This enables participants to contribute to the network's security and earn a share of the rewards based on their delegated stake, offering a more accessible way to participate for those without the capacity to run their own node.