What is 1IT?
It is a mintable burnable and Capped supply cryptocurrency designed to address the challenges in the IT sector and financial transaction space. Built on the Polygon Network, 1iris Token leverages the benefits of Ethereum's Layer 2 solutions to offer fast, secure, and low-cost transactions.
With a total supply cap of 500,000,000 tokens, 1iris aims to create a decentralized ecosystem where IT professionals and users requiring IT services, as well as participants in financial transactions, can interact seamlessly.
For IT Solutions;
Freelance Marketplace:1iris Tokens will be used as a medium of exchange in a marketplace connecting IT professionals with clients (1irismarketplace, under development) Project Bounties:Clients can post bounties on IT related problems they are having and. Whoever can provide the solution in the Iris community earns the bounty. Which means 1iris Tokens be the currency tech experts will be rewarded with, for each specific IT-related task or problem they solve. Service Verification: Utilizing smart contracts to ensure that payments are released only when service milestones are met.
As a tool for Communication: 1iris token will be able to facilitate mobile data purchase, payment for WiFi services and used to initiate the Iris call; a crypto driven kind of communication that enables owners of computers and smart phones to place a voice call across every border of the earth through a development of the 1iris Token team. Financial Solutions;
Peer-to-Peer Payments;1iris Tokens facilitate direct financial transactions between parties, bypassing traditional banking systems. Birthing the first Barcode enhanced Point on service payment using the 1iris Token as the currency of transaction. Microtransactions: The low transaction fees on the Polygon Network make 1iris ideal for small payments. Remittances: Offering a cost-effective and quick way to send money across borders.
Technical Architecture
1iris Token is an ERC-20 compatible token built on the Polygon Network, which inherits the security of Ethereum while providing scalability and speed. The minting, burning and Capped supply mechanisms are governed by smart contracts to ensure transparency and fairness in the token supply management.
At every stage of the roadmap; burning will be effected on tokens budgeted for every stage that it's coin distribution was not completely achieved, eliminating the control of the team on the growth and governance of the token