About IERC20
IERC20 L1.5 layer solution, the first of its kind in the cryptocurrency industry, uses a combination of Pow and DPos to create a fair token distribution mechanism. It is a set of Ethereum-based expansion solution protocols that covers general distributed index specifications and will go beyond the EVM field.
First, let’s take a look at the official roadmap
We are currently working with many partners to build a decentralized index.
Secondly, look at its investment institutions and partners
It can be seen that the project party has many partners and luxurious investment institutions, which is enough to show that the project party has a strong background and connections.
The future role of ethpi
#ethpi A deflationary model will be adopted later. Use cases will include fee discounts, fee buybacks, airdrop snapshots, LaunchPad subscriptions, and more! IERC20's distributed index will go beyond the EVM space to cover general distributed index specifications such as BTC, where $ethpi will play a key role.
The following questions and answers are an overview of the issues of concern to the community in the IERC20 space.
1) What will be the role of DPoS points in the future? Will there be new PoW mining coins? (No) What does the protocol think of the performance of PoW in the past month? How do you plan to optimize the PoW+DPoS mechanism?
Answer: The next key function to be implemented is: Distributed index - it is a standardized solution applicable to all inscriptions.
IERC's distributed index is a solution that uses a trust mechanism formed by a beacon node and multiple verification nodes. (Beacon index nodes & Verification index nodes) This will make users more trustful of the entire inscription, because all transactions and every operation of each user will be verified by many verification nodes.
🌟Distributed index carries many goals for the next step >>> What is the role of DPoS points
Function 1: DPoS points pledge node, ethpi to deduct handling fees
In the future, market transactions will require fees. For example, if a project party becomes a node, the project party can pledge DPoS points to this node. This node can share the platform fee, and this fee is deducted from #ethpi .
The deducted handling fee is divided into 3 parts: 1) distributed to the platform 2) validator node rewards: points (or ethpi) can be pledged to the node and these benefits can be shared 3) given to the zero address for destruction ($ethpi deflation)
Function 2: Modularize PoW & DPoS mechanism
Everyone can use this mechanism to issue and mint tokens.
🌟The official will not have PoW mining coins for the time being, but interested project parties can cooperate with IERC and use this modular mechanism to release inscriptions/mining.
2) The community talked about the launch of ethpi to deduct the handling fee next week. Is this true? What will happen in the next few weeks?
Answer: Yes, but the launch time is uncertain. After the distributed index is implemented, there will be a link where you can pay with ETH or use $ethpi to deduct the handling fee.
In the next few weeks, we will promote the construction of distributed indexes and promote the improvement of TVL liquidity of the Ierc20 platform - such as working hard to promote CEX Lisiting; developing corresponding cross bridges, and more project cooperation.
3) Recently, everyone is promoting the development of ethpi, so what about ethi? What are the plans for ethi?
Don't worry, $ethi will always be the most important platform asset. Ethpi was created for distributed indexing, and they each have different functions and importance. Because in distributed indexing, $ethi is not very suitable, and $ethipi will be a representative distributed index asset. However, IERC used $ethi to produce $ethpi, and at the same time, used the PoW&DPoS mechanism to attract more users to our platform to complete the contribution of distributed indexing.
In the next distributed index, both $ethi and $ethpi will play a big role in the future.
4) Many people in the IERC investment institution community have mentioned when the announcement will be made and which investment institutions will be included?
These investment institutions, because IERC20 is a platform type, a protocol type project. Any excellent institutional and project investors want to participate in many ways. We have always had many investment institutions participating, some of them have made financial investments, purchased important platform assets, or promoted various business cooperation. In fact, these cooperations are not limited to financial investment, they can also purchase our tokens, or recommend some high-quality partners, or promote some BD cooperation.
At the same time, we believe that with the launch of $ethpi, there will be more and more friends and institutions in the future. These institutions will not be disclosed for the time being, and more details will be officially announced at the appropriate time. Please don't worry.
5) What measures will IERC take to optimize liquidity? Will it list on a centralized exchange or develop its own Swap? What is the general plan?
In the coming weeks, we will promote the construction of distributed indexes with multiple initiatives while increasing the TVL liquidity of IERC20. We plan to implement the following key initiatives: First, we will strive to list CEX listings on mainstream centralized exchanges to increase the visibility and liquidity of the project. Second, we will develop cross bridge technology to achieve asset interoperability between different blockchain networks. In addition, we will actively seek more project cooperation to promote the development of the ecosystem. Our development team will focus on the research and development of distributed indexes and continuously introduce new partners to ensure the successful advancement of the project.
6) IERC has many sections, such as inscriptions protocol, decentralized indexer, dex/nft market, launchpad, UGC domain, stablecoin/payment, cross-chain bridge; what is the priority of the next development? What is the basis for the ranking?
IERC will develop and implement these sectors one by one. Their order is subject to many factors, so there is no definite order. They are also subject to the expectations of the community, the requirements of our partners and the workload of the development team. Today's development progress and milestone planning are different from the past. IERC has strong development capabilities. At the right time, that is, when the industry is booming, or even before the boom arrives, the IERC protocol will work with the right partners to develop related applications.
Some applications will also be released simultaneously. Please pay close attention to the official announcement of IERC for the latest information.
7) IERC has recently reached cooperation with many BTC/BRC20 protocols. Will it develop inscriptions for the Bitcoin network?
IERC will not migrate IERC20 to BTC because ETH is the cornerstone of IERC20.
However, for BRC20, IERC can cross-chain it with BTC through the cross-chain bridge Cross-Bridge or mapping asset mapping, so as to realize asset trading and circulation between the two platforms. At the same time, IERC welcomes more technical and BD cooperation to jointly explore the ecological technology implementation plan of IERC and BRC.
For example, although the distributed index was proposed and implemented by IERC 20, it may eventually be applied to all inscription protocols, and this solution will solve the trust crisis of all inscriptions. We expect that through the promotion of this solution, the overall development and trust establishment of the inscription field can be achieved.
8) IERC often says that it will develop an index standard that is not limited to EVM. For general entry-level users, how do you understand this index standard? What role can Ethpi play in it?
The index standard is a kind of specification. Normalization means that anyone can get exactly the same results at any time as long as they clean the data on the chain according to this specification, because all data exists on the chain.
Ethpi was created to implement distributed indexing. In the future distributed indexing, $ethi and $ethpi will play a key role in providing users with powerful indexing functions and data analysis capabilities. Whether it is data collation, query or analysis, these two tools will provide users with reliable and consistent results and promote the development of distributed indexing technology.
9) What does IERC20 think about the development of the inscription track? What are the factors that will lead to the next round of bull market in inscription?
IERC20 is full of confidence in the development of the inscription track, which is the third type of valid assets besides Token and NFT.
From the history of cryptocurrencies, asset-type properties will basically always exist. But it will also have peaks and troughs, so IRRC needs to look at the fluctuations of bull and bear markets rationally.
Perhaps the bull and bear markets in the crypto industry are positively correlated with the inscription track. But there may be no correlation at all. We cannot judge or judge this.
However, IERC20 will try its best to make the inscriptions symbolic and resolve all users’ concerns. At the same time, according to IERC’s plan and the self-management principle of our Governance DAO, we will steadily promote the development of the inscription track. At present, IERC has achieved initial results in this regard.
10) AI should be the hottest track in 2024. Many AI projects have emerged, and FDV/circulating market value has skyrocketed. Is there any connection between IERC and AI?
Serj is also very interested in artificial intelligence, which is also a field I am very excited about. Recently, IERC has also reached a cooperation with TypoX AI, an AI product under the well-known AI project KNN3 Network. They will also integrate related products of IERC.
IERC is very much looking forward to cooperating with artificial intelligence partners and hopes to spark a spark collision between artificial intelligence and inscription technology!
