IAGON is a bold new project employing the blockchain to create a decentralized cloud storage platform. In so doing, IAGON will provide better pricing and security than the companies currently dominating this fast-growing market.
Among the leading technological trends is the growth of cloud storage, which businesses have found to be cheaper and more efficient than local storage. Additionally, the growth of data-intensive technologies such as the Internet of Things (IoT) and artificial intelligence (AI) has contributed to the growth of cloud storage. However, the industry is overwhelmingly dominated by a few large players, such as Amazon, Microsoft, and Google. Their concentration within the market has given users less options and thus higher prices, as well as greater security risks for their data. Over the next decade, this market is expected to experience double-digit yearly growth, according to Gartner.
IAGON aims to disrupt this status quo in the industry by using the spare memory and unused processing power of computers connected to the platform to offer decentralized data storage and services that are cheaper and more secure. Users will be rewarded in IAG tokens for sharing space and resources, and will be required to use IAG tokens to store data on the platform. Additionally, IAGON will analyze the data using AI to secure the network and will offer value-added data derived from the data stored in exchange for IAG tokens. Because the IAGON network will be distributed and with no single point of failure, it will offer advantages in security lacking in today’s dominant players. As a utility token central to the platform, IAG has the potential to grow in value as the network becomes more widely used. In total, 1,000,000,000 IAG tokens will be minted.
The IAGON platform will be compatible with the Ethereum blockchain, and its token will be ERC20 compliant and run on top of it. The Ethereum blockchain is enjoying widespread use as the first major blockchain employing smart contracts, with many developers dedicated to improving it and making it scale. In the future, IAGON plans to integrate its platform with the IOTA Tangle network, which uses a directed acyclic graph (DAG) rather than a blockchain, with plans to integrate with other blockchains as well.
The presale for IAGON began on April 2, 2018 and ended April 30, 2018. The main crowdsale begins on May 15, 2018 and will last up to two months. Those who missed the presale and are interested in a cloud storage company employing the blockchain and AI to disrupt this fast-growing industry will thus get another chance to buy IAG tokens.
*I am receiving IAG tokens for the growth of the community.
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