IAGON ICO: A Review

Iagon is a platform that aims to concentrate the processing power and the storage capabilities of multiple computers over a decentralized blockchain. Their primary goal is to create a global supercomputer that will run on blockchain technology and artificial intelligence. 

IAGON looks to store big data files and repositories and also smaller files to carry out complex computational processes that are required for machine learning operations and artificial intelligence. They intend to do so within a fully secure and encrypted platform that will utilise blockchain, AI and cryptographic technologies in a meaningful manner. 

They expect that the supercomputer and the super data center that they wish to create will be able to give the computing giants a run for their money. They intend to radically transform the web and cloud services market by offering a decentralized grid of storage and processing.

Under IAGON’s scheme, anyone can profit by joining its platform by making use of a massive processing grid. IAGON will take advantage of the unused storage and processing capabilities that are contributed by ‘miners’ and will, thus, provide the users with a fully automated platform for carrying out the storage and processing tasks. The tokens that the miners ‘mine’ can be converted to fiat money or can be accumulated or may be used to pay for similar services. 

IAGON will be charging 10% commission for every transaction while the miner will be getting the rest of the tokens. The decentralized cloud platform will operate two grids, a storage grid, and a processing grid. Both the grids, however, will work on a blockchain platform that will be powered by Machine Learning Capabilities and this will help to ease the allocation of tasks and files to miners further. 

What IAGON actually intends to do is provide both inpiduals and companies the opportunity to store and process services at just a fraction of the market prices and they will also ensure them better security. They intend to do this by connecting data centers, business computers, and personal users and then by using their free storage capabilities and their GPU and CPU processors when they are idle. 

IAGON has a token-based economy that is based on computer, server and data center owner who connect to the storage and processing power grids. Those who share the capabilities of their machine will be given IAGON tokens that can later be also traded back to fiat money. 

The different facets of the IAGON platform are:

1) Decentralized and Secure Cloud Platform

2) Artificial Intelligence

3) Integrated Dapps

4) Mining – which allows users to generate revenue by sharing computer resources

5) Smart Contracts – Anybody can create smart contracts in an effortless manner

6) The secure, encrypted and distributed storage solution makes use of the blockchain and the sharding protocols

7) They aim to transform decentralized storage and processing by using a hybrid of blockchain and tangle technologies

The token distribution

There will be a total of 1,000,000,000 IAGON tokens or IAG tokens. The tokens are based on the Ethereum platform, and token type is ERC223. 

The token distribution will be done as follows:

50% of the tokens will be for the crowd sale, 20% of the tokens have been allocated for pre-sale while 10% of the generated tokens will be allotted to internal teams and advisors. Furthermore, the core development team will be receiving about 10% of the tokens while the remaining 10% will be reserved as incentives for the miners.

IAGON is operational in Norway.

 

The soft cap of this ICO is 30,000,000 USD while the hard cap is 77,000,000 USD. 

The pre-ICO for the IAG tokens is already underway. 

The team

Co-Founder and COO: Dr. Elad Harison

Co-Founder and CTO: Dr. Claudio Lima

Blockchain Evangelist: Vignesh Iyer

For further details on the IAGON’s team, please visit this page: https://icobench.com/ico/iagon

The whitepaper: https://www.iagon.com/pdf/Iagon%20Whitepaper%20v3.2.pdf

Social media presence: 

Facebook: https://www.facebook.com/IagonOfficial/

Twitter: https://twitter.com/IagonOfficial

Telegram: https://t.me/Iagon_official

Reddit: https://www.reddit.com/r/iagon/

Conclusion:

IAGON looks to disrupt the cloud storage facilities provided by the large tech houses by using both artificial intelligence and blockchain technology. They are backed by a strong team, and their vision of the project has also earned praise from different quarters. We have to wait and see whether the IAGOn team manages to deliver what they are promising successfully. 

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