Centralized storage solutions dominate the market, but they pose significant challenges. They often lack robust security, leaving sensitive data vulnerable to breaches. Privacy concerns are rampant, as user data is frequently monetized without consent or adequate reward, while compliance with regional regulations is inconsistent, creating risks for businesses. These platforms also suffer from high costs and reliance on a few providers, increasing the risks of centralization. To address these issues, a decentralized approach is crucial. IAGON leverages AI to create a secure, compliant, and autonomous shared storage and compute economy, empowering enterprises and individuals.

What is IAGON (IAG)?

IAGON was founded in 2017 by a group of PhDs, including Dr. Navjit Dhaliwal and Dr. Elad Harison, to tackle data security and ownership issues. Initially focused on healthcare, they aimed to create a secure method for individuals to own their health data. Recognizing the widespread relevance of these challenges, IAGON broadened its mission to revolutionize data storage, ownership, and privacy across industries.

In 2018, IAGON raised $550,000 through an ICO, establishing its foundation. By 2020, it had secured government grants from Innovation Norway and approval from the Norway Skattefunn Program. IAGON also published its international patent, marking a significant milestone in developing secure, decentralized storage solutions.

2021 was a transformative year. IAGON released its ERC-20 IAG token and conducted a successful IDO, raising $3.6 million. At the Cardano Summit in September, the team announced the Agora Public File System, emphasizing interoperability and security. Over the next months, they implemented encryption technologies, showcased an MVP demo, and expanded their solutions for enterprise adoption.

By 2022, IAGON tested its MVP Alpha on Cardano, launched APIs for enterprise providers, and introduced a beta test for end users with enhanced UI/UX. In 2023, the decentralized storage mainnet was launched alongside features like an invoicing dApp and updated tokenomics.

Looking ahead, IAGON’s roadmap for 2025 includes initiatives such as decentralized compute, GDPR compliance tools, and the launch of the Agora System, culminating in a decentralized AI protocol and DAO. This evolution underscores IAGON’s commitment to bridging decentralization with compliance and innovation.

How Does IAGON Work? Resource Provision and Rewards

Iagon’s network aims to enhance decentralized storage and compute systems by enabling individuals and enterprises to contribute underutilized resources to a shared economy. Resource providers play a critical role in this ecosystem, ensuring the network operates efficiently and securely. These providers can range from private individuals with excess storage capacity to enterprises managing large-scale data centers. Thanks to Iagon’s open-source software, the setup process is user-friendly, which allows participants to configure nodes seamlessly. Enterprises benefit from guided instructions to deploy their nodes, while individuals can self-manage or delegate node operation to trusted operators.

Resource providers must meet specific hardware requirements to maintain the network’s reliability and performance. For example, the minimum storage capacity is set at 900 GB, and nodes must achieve upload and download speeds of 20 Mbps. These baseline standards ensure that nodes can effectively handle the demands of decentralized storage and compute processes. Additionally, the system’s scalability accommodates a variety of providers, allowing users to contribute resources that align with their capacities. High-performance nodes, offering greater computational power and storage, are particularly valued and rewarded within the network.

Iagon’s architecture is underpinned by advanced components that streamline the interaction between consumers and providers. The Iagon client application enables consumers to access decentralized storage and compute services while Cardano wallets securely manage transactions. Adagio serves as the rewards engine, linking consumer demand with provider supply, while Fermato facilitates communication between consumers and blockchain smart contracts. Rubato, the network’s dynamic marketplace, balances supply and demand through adaptive pricing models for storage and compute services.

The system’s monitoring tools, Bee and Hive, are important in maintaining network health. Bee gathers node performance data such as uptime, read/write speeds, and network throughput, while Hive processes this information to ensure optimal resource allocation. Nodes are continuously evaluated to ensure they meet the network’s performance standards, with poor-performing nodes flagged for corrective action. This rigorous monitoring guarantees a robust, efficient, and reliable infrastructure.

Source: docs.iagon.com

Providers interact with the network through the Iagon dashboard, where they can verify nodes, stake IAG tokens, and monitor performance metrics. This transparency fosters trust and accountability, empowering participants to contribute confidently. By enabling a wide range of contributors to join the decentralized network, Iagon ensures scalability, diversity, and resilience, reinforcing its ambition to create a shared storage economy that meets the needs of modern enterprises and individuals alike.

Rewards

Iagon’s rewards system incentivizes resource providers by aligning their contributions with the network’s performance and economic needs. Providers earn IAG tokens as compensation for their participation, with rewards calculated based on uptime, storage utilization, and read/write speeds. This performance-based model ensures that only high-quality service providers thrive in the network, maintaining the integrity and reliability of Iagon’s ecosystem.

The rewards mechanism is closely tied to staking requirements. Providers must stake IAG tokens proportional to their storage and compute commitments to activate their nodes. This system creates a fair playing field where contributors with higher stakes and better performance are rewarded more generously. For example, staking 1 TB of storage requires a base USD value per GB converted into IAG tokens. Nodes with greater storage capacity or higher read/write speeds are eligible for higher rewards, creating a meritocratic incentive structure.

Providers also receive 90% of the fees collected from subscription payments in ADA, distributed monthly. These fees are calculated based on the provider’s performance scores and their proportion of the total network contribution. The remaining fees are allocated to the Iagon treasury (7%) and used to buy back IAG tokens (3%), ensuring a sustainable token economy. This dual-reward mechanism—ADA payments and IAG tokens—creates a robust economic model that benefits providers while stabilizing the network.

Iagon’s rewards system extends beyond monthly payouts. Providers demonstrating consistent performance and investing larger amounts can participate in special incentive programs, such as Liquidity Providers initiatives. These programs delegate staking rewards from subscription fees to further encourage network participation. Additionally, providers can monitor and claim their rewards through the Iagon dashboard, which offers real-time insights into node performance and earnings.

IAGON Use Cases

Iagon’s cloud storage and compute solutions offer versatile applications across various industries, solving key challenges like data security, compliance, and cost efficiency. Its infrastructure integrates blockchain technology to ensure privacy, reliability, and accessibility, making it a transformative force for enterprises and individuals alike. Here are three primary use cases for Iagon’s platform:

• Secure Data Storage for Enterprises: Iagon provides a highly secure and GDPR-compliant storage solution, ideal for industries like healthcare, finance, and legal services. Enterprises can store sensitive data across a decentralized network, significantly reducing risks associated with centralized systems such as single points of failure or unauthorized access. The network’s encryption and sharding mechanisms further enhance data protection, ensuring compliance with global data privacy regulations.
• Compute Resource Sharing for Cost Optimization: Organizations can leverage Iagon’s decentralized compute network to optimize costs by utilizing underused computing resources. Instead of investing in expensive infrastructure, businesses can rent computational power for data analysis, simulations, and AI training directly from Iagon’s marketplace. This approach enables cost-effective scalability while incentivizing resource providers through rewards in IAG tokens.
• Accessible Cloud Solutions for Individuals: Iagon democratizes cloud services by allowing individuals to monetize their unused storage and compute resources. Whether it is storing personal files or running computational tasks, users can engage with a secure and efficient ecosystem without needing extensive technical knowledge. The flexibility of subscription tiers and transparent payment structures ensures affordability and accessibility for all users.

IAGON Main Products

IAGON’s suite of products addresses storage, computation, security, and user interaction needs, all while ensuring privacy and scalability. Below are the eight key products shaping IAGON’s ecosystem:

Data Storage

Iagon’s decentralized cloud storage network offers private, secure, and cost-effective solutions. Users gain full control over their data by encrypting, encoding, and distributing files across a decentralized network. Unlike centralized providers, Iagon uses blockchain technology to enable secure subscription management and file access via NFTs. Pricing is dictated by supply and demand, fostering a transparent shared storage economy where only high-performing providers thrive. This system makes Iagon’s storage a competitive and scalable option for enterprises and individuals seeking superior privacy and cost-efficiency.

Source: iagon.com

LedgerFlow

LedgerFlow operates within the Cardano ecosystem, offering robust Multisender and Multisignature (Multisig) functionalities. Multisender simplifies asset distribution, reducing transaction costs, while Multisig wallets enhance security by requiring approvals from multiple signatories, ensuring trust. These tools enable businesses and decentralized apps to securely manage large-scale transactions with transparency, scalability, and efficiency. Features such as editable contracts, address book management, and seamless integration options ensure adaptability to diverse enterprise needs, making LedgerFlow essential for securely managing digital assets and enhancing workflow.

Source: docs.iagon.com

Cyclone Qs

Cyclone Qs hardware solutions power Iagon’s shared storage and compute economy. These devices are optimized for high-capacity storage, fast processing, and secure data handling. With advanced specifications such as NVMe storage, multiple HDD slots, and robust CPU performance, Cyclone Qs deliver seamless node operation for diverse tasks. Users earn rewards in IAG tokens by participating as a node, creating a lucrative and sustainable ecosystem. Cyclone Qs ensure privacy, scalability, and efficiency for individuals and organizations, bridging decentralized resources with operational simplicity and enhancing the decentralized economy’s accessibility and reliability.

Source: docs.iagon.com

Staking Platform

The IAGON Staking Platform connects resource nodes with delegators, enabling users to participate in decentralized storage and computation networks. With real-time updates, performance tracking, and staking rewards, this platform incentivizes resource provision while ensuring transparency. Advanced features such as performance-based reward distribution, seamless integration with the Adagio protocol, and intuitive dashboards enhance user experience. By engaging with Iagon’s staking ecosystem, users contribute to network security, scalability, and operational efficiency while earning competitive returns on their participation. This platform bridges individual contributions with broader decentralized goals.

Source: docs.iagon.com

Decentralized Web Hosting

Iagon’s web hosting system redefines website reliability and security. Distributing data across nodes ensures redundancy, fault tolerance, and optimized performance through caching mechanisms. Users can host blogs, business websites, or dApps without relying on centralized servers. Transparent pricing and trustless access empower users to manage their online presence securely, with enhanced scalability and efficiency. Integration with Iagon Storage and innovative features like the Iagon DNS Identifier simplify domain management, while encryption safeguards data integrity. This solution supports seamless, privacy-focused hosting for a diverse range of personal, professional, and decentralized applications.

Source: docs.iagon.com

Kliq

Kliq is a web app for seamless contact management and sharing. Users can create and manage personal profiles, organize contacts, and share information via QR codes. By utilizing Iagon’s storage and hosting capabilities, Kliq enhances user interaction and data organization. Future updates will include group contact management, social media integration, and advanced sharing features, making it an indispensable tool for networking in a decentralized ecosystem. Kliq also plans to incorporate analytics and reporting tools, offering users enhanced insights into their networking patterns and engagement, further optimizing its utility in professional and personal contexts.

Statur

Statur introduces a self-sovereign pseudonymous reputational model utilizing soulbound tokens and dynamic NFTs. This model enables users to manage their online reputation while retaining control over their data. Soulbound tokens allow for endorsements tied to wallets, while dynamic NFTs store reputational information that evolves with user activity. Statur bridges privacy and transparency, offering a unique approach to decentralized identity management. With applications spanning social platforms, professional networks, and gaming ecosystems, Statur empowers users to build and maintain trust in digital environments. Its integration with Iagon’s storage solutions ensures security, scalability, and adaptability for evolving identity and reputation needs.

Volo

Volo is an end-to-end encrypted chat system designed for secure and private communication. By prioritizing user data protection through robust encryption, Volo ensures messaging confidentiality. Features include device registration, group chats, and contact management, with data stored securely on Iagon’s decentralized network. Volo reinforces Iagon’s mission to provide trustworthy digital solutions, setting the standard for secure and transparent communication platforms. Its intuitive interface, advanced key exchange protocols, and seamless integration with decentralized services make it a reliable choice for individuals and enterprises prioritizing security and privacy in their communications.

IAGON’s Governance

IAGON’s governance framework empowers community members to actively shape the platform’s growth and direction through decentralized decision-making. The core of this governance model lies in the Voting Power system, a loyalty bonus initiative that rewards users based on their engagement with the IAGON ecosystem. Token holders influence critical proposals such as protocol updates, resource allocation, and fee structures, fostering a transparent and democratic development process.

Participants gain voting power proportional to their contributions, including token holdings, staking, liquidity provision, and node operation. Metrics like value, duration, and usage are meticulously calculated to ensure fair representation. Including leaderboards enhances transparency by displaying proposal rankings and engagement trends, motivating users to participate actively.

Proposals undergo comprehensive evaluation, with users accessing both active and historical proposal details. This encourages informed decision-making and provides insights into community priorities. Proposal accessibility, detailed analytics, and secure wallet integration streamline the voting process, reinforcing user trust and participation.

To safeguard integrity, IAGON implements robust security measures, including blockchain-based transaction verification and decentralized storage for proposal data. The system emphasizes transparency while mitigating risks of centralization or manipulation.

The governance structure also incorporates incentive mechanisms, rewarding active participation and long-term engagement. By aligning user rewards with ecosystem health, IAGON ensures community-driven innovation and accountability. This model fosters collaboration, transparency, and adaptability.

Source: docs.iagon.com

What is the IAG Coin?

IAG is the utility token powering IAGON’s decentralized storage, compute services, and governance ecosystem. Its maximum supply is capped at 1 billion units, of which 376 million (37.6%) are already in circulation (December 2024).

IAG plays a vital role in facilitating transactions, incentivizing ecosystem participation, and supporting the development of Iagon’s decentralized cloud storage and computing platform. Following its migration from Ethereum to Cardano, IAG tokens are now fully integrated into the Cardano ecosystem, with ERC-20 tokens rendered obsolete.

Transparency is a cornerstone of IAG’s tokenomics. Each token allocation is tied to specific purposes, tracked on the blockchain, and controlled by the Iagon Decentralized Autonomous Organization (DAO). This governance model ensures that the community of token holders collectively decides the token’s trajectory, fostering trust and accountability. Token allocations include community incentives (46.1%), development (11.2%), marketing and advisory initiatives, team commitments, and liquidity management, ensuring balanced support for Iagon’s mission.

Source: docs.iagon.com

IAG’s utility extends beyond governance. The token facilitates payments for data storage and computational services within the Iagon platform, providing a seamless mechanism for accessing decentralized resources. It also serves as a reward for node operators and storage providers contributing to the network. Additionally, IAG holders can stake their tokens to earn rewards through Adagio’s staking pools, encouraging long-term engagement and ecosystem growth.

IAG prioritizes utility and stability with a non-speculative design, ensuring consistent value in platform transactions. Pricing is pegged to fiat currencies to maintain predictability for users. As a key driver of the Iagon ecosystem, IAG empowers decentralized operations while delivering tangible benefits to its holders and contributors.

Is IAG a Good Investment?

IAG offers strong utility within the Iagon ecosystem, serving as the backbone for decentralized storage and compute services. Its integration with the Cardano blockchain ensures scalability, transparency, and reduced transaction costs, attractive features for users and developers. However, a potential drawback is its dependency on the broader adoption of decentralized cloud solutions, a market still in its infancy. Limited mainstream recognition of such platforms could challenge widespread adoption and token demand, impacting long-term growth prospects.

How to Own IAG?

To own IAG, you can use the services of a centralized crypto exchange. Start by creating a Gate.io account and get it verified and funded. Then ,you are ready to go through the steps to buy IAG.

News on IAGON

As announced on the 10th of December, 2024, via X, Iagon revealed its Week 50 Development Focus, showcasing key ecosystem progress. The updates include completing the Delegated Staking UI, achieving milestones for Statur and Network Explorer Catalyst Fund12 proposals, and advancing API designs for delegated staking. The team also plans a unified authentication system for dashboard applications, addresses smart contract audit findings, and prepares for penetration tests with security firms.

Take Action on IAG

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