IRIS Network ICO Review

IRIS Network

Inter-chain Service Infrastructure and Protocol.

IRIS Network Score



Iris Network incorporates a service-oriented infrastructure into Cosmos. Integration of business services offered by heterogeneous systems, including public & consortium chains as well as legacy systems, Interoperability of those services across an internet of blockchains. The 1st stage of the IRIS project will focus on having the IRIS Hub up and running, & connected to the Cosmos Hub. The 2nd stage will focus on building the IRIS Service Layer.

LINKS

WEBSITE WHITEPAPERS

SOCIAL MEDIA

REVIEW VIDEO

TOKEN SALES

METRICS

Green lights

– In-depth GITHub entries & WP. – Many investment institutions onboard. – All Star Team – Ex IBM & Amazon. – 4-year vesting period starting from IRIS Hub launch.

red flags

– Beta version of the IRIS SDK not ready for developers until Q4 2018. – No Pubic-Sale according to White Paper. – Team & Advisors aren’t available on the website, although on WP.

IRIS Network
DETAILED ANALYSIS

ICOs Found

ADVISOR SCORE

Unknown

Medium – Jim Yang runs Strategy for Tendermint and was the founder and CEO at ChatX, mobile messaging studio.

TEAM SCORE

Unknown

High – Heng Cao – Co-Founder was an Ex IBM Researcher. Jae Kwon worked as a software developer in at Amazon. Team lacks some marketing experience.

HYPE SCORE

Unknown

Medium – Good community backing on Telegram with just over 10K members, but could do with more mainstream coverage & influencer knowledge.

TOKEN SCORE

Unknown

Unknown – Token economics unknown, but the vest will be as follows – Private Sale: 20% // Core Developer Team: 20% // IRIS Foundation: 15% // Ecosystem Development: 45%.

CONCLUSION

IRIS network aims to build technology foundation which facilitate construction of distributed business applications. It goes beyond today’s blockchain systems which are mainly for digitalised assets. The key challenges that they aim to address via the IRIS network are two-fold: – Integration and collaboration of off-chain computing and resources on a distributed ledger; – Interoperability of the services across heterogeneous chains. They address those challenges through incorporation of a service oriented infrastructure into Cosmos/Tendermint.

6.2

ADVISOR

6.6

TEAM

4.2

HYPE

7

TOKEN

platform

CATEGORY

All information including our "Grading system" rating, is provided merely for informational purposes. ICO DOG does not provide investment advice (read more).

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