What is IRISnet?

The IRISnet coin, or simply IRIS, is the official currency that powers the IRISnet network. The latter is an enterprise-focused blockchain infrastructure.

IRIS has more than one use case. There are three core functionalities behind IRIS – securing the network by staking as well as covering transaction fees and service fees.

At launch, IRISnet announced a total token supply of 2,000,000,000. They have distributed them as follows:

30% – Ecosystem;

25% – Private Sale;

25% – Developer Teams;

15% – IRIS Foundations;

5% – Airdrop.

A good starting point is the chart provided above. It will give you a deeper insight into the current IRISnet price and its trends, among other details.