๐ฅ A daily prize pool is now available to reward IrisApp's top contributor.
Here's how it works:
At the end of each day, the user who generates the highest swap volume automatically wins the daily prize pool.
No registration. No manual intervention.
Everything is fully automated and 100% on-chain.
๐ฐ The more you use IrisApp, the more you can earn.
โณ The current prize pool ends in less than 2 hours.
At the time of writing, the current leader is on track to win over $30 simply for being today's biggest contributor.
Use IrisApp. Generate volume. Earn your share of the protocol's revenue with every swap... and compete to win the daily prize pool. ๐
Some users experienced a bug when opening the app that required them to reload the page.
โ This issue has now been fixed.
If it happens again, please report it in our Telegram group so we can investigate it.
We've also improved the user experience in the Swap section.
You can now:
๐ต Instantly see the USD value of everything you're swapping.
โก Use 25% / 50% / Max shortcuts to quickly choose how much you want to swap.
We continue to improve IrisApp every day. Thank you for all your feedback.
$75,000 in trading volume already processed.
While other DEXs keep 100% of the revenue they generate, IrisApp instantly redistributes a portion of that revenue to its users with every swap.
โ Limit Orders on every token across every blockchain.
โ Access to 300+ tokenized stocks and ETFs, fully on-chain.
This is just the beginning.
@coingecko Now swap with limit orders on any token and any chain with IrisApp.
More than 100 stocks and ETFs available 100% on-chain.
And with every swap, you instantly earn a share of the protocolโs revenue.
Launch the app: https://t.co/Ahop61quIY
We know many of you have questions about the protocol's revenue.
Where will the revenue go?
The ecosystem's revenue is growing, and before it becomes significant, we want the community to understand the plan.
The primary purpose of this revenue is to support the project's operations and growth without having to sell tokens.
Second, it allows us to incentivize platform users, because more users means more revenue.
Finally, it enables us to redistribute the value captured by the ecosystem back to token holders, and this is the part that raises the most questions.
Iris has three categories of holders:
Regular holders (not staking).
Premium users (those staking at least 100,000 IRISTOKEN).
Special Holders (those staking a combined total of at least 1 million IRISTOKEN in the 24- and 36-month staking pools).
The first level of value redistribution is through market buybacks, which help support the token price and benefit every holder.
Once operating expenses have been covered and buybacks have been completed, a portion of the remaining revenue may also be distributed to Special Holders, both through direct market purchases of IRISTOKEN and cash distributions.
Token Burns: A Misunderstood Concept
Iris does not plan to implement additional token burns.
Why?
A token burn is simply an irreversible way of removing tokens from circulation. Historically, it has been used as a trustless mechanism.
In reality, it's not the burn itself that creates valueโit's removing tokens from circulation.
Because Iris is governed as a DAO, we can achieve the exact same economic effect without destroying the tokens.
Instead, the DAO can simply remove tokens from circulation and hold them in the DAO Treasury, where no one can access them unless the community approves it through governance.
The economic result is identical to a burn.
The difference is that the DAO becomes wealthier, which ultimately benefits every holder.
In the future, IRISTOKEN could be integrated into established DeFi protocols and used as collateral for loans or other financial operations.
So why would the DAO permanently destroy tokens that could later be used to secure new investments, strengthen the ecosystem, and generate even more value for its users?
We think differently because we're building solutions for real-world problems.
That's why we won't simply do what everyone else does.
We know many of you have questions about the protocol's revenue.
Where will the revenue go?
The ecosystem's revenue is growing, and before it becomes significant, we want the community to understand the plan.
The primary purpose of this revenue is to support the project's operations and growth without having to sell tokens.
Second, it allows us to incentivize platform users, because more users means more revenue.
Finally, it enables us to redistribute the value captured by the ecosystem back to token holders, and this is the part that raises the most questions.
Iris has three categories of holders:
Regular holders (not staking).
Premium users (those staking at least 100,000 IRISTOKEN).
Special Holders (those staking a combined total of at least 1 million IRISTOKEN in the 24- and 36-month staking pools).
The first level of value redistribution is through market buybacks, which help support the token price and benefit every holder.
Once operating expenses have been covered and buybacks have been completed, a portion of the remaining revenue may also be distributed to Special Holders, both through direct market purchases of IRISTOKEN and cash distributions.
Token Burns: A Misunderstood Concept
Iris does not plan to implement additional token burns.
Why?
A token burn is simply an irreversible way of removing tokens from circulation. Historically, it has been used as a trustless mechanism.
In reality, it's not the burn itself that creates valueโit's removing tokens from circulation.
Because Iris is governed as a DAO, we can achieve the exact same economic effect without destroying the tokens.
Instead, the DAO can simply remove tokens from circulation and hold them in the DAO Treasury, where no one can access them unless the community approves it through governance.
The economic result is identical to a burn.
The difference is that the DAO becomes wealthier, which ultimately benefits every holder.
In the future, IRISTOKEN could be integrated into established DeFi protocols and used as collateral for loans or other financial operations.
So why would the DAO permanently destroy tokens that could later be used to secure new investments, strengthen the ecosystem, and generate even more value for its users?
We think differently because we're building solutions for real-world problems.
That's why we won't simply do what everyone else does.
Liquidity Concerns?
To everyone raising concerns about our liquidity:
We do not have a liquidity problem. Our primary liquidity is on the IRISTOKEN/wQUBIC pair. This was a deliberate decision to support the growth of the Qubic ecosystem on Ethereum.
We also maintain a smaller liquidity pool on the IRISTOKEN/USDC pair.
Previously, a much larger portion of our liquidity was on IRISTOKEN/ETH, but we were targeted by several MEV bot attacks, which resulted in significant losses from that pool.
As a result, we decided to temporarily reduce our exposure by keeping a smaller USDC pool. We will gradually rebalance it once we are better protected against these types of attacks.
How to buy a large amount of IRISTOKEN
Method 1 โ Via IrisApp (Recommended)
Go to https://t.co/Jhm1cZvjOR and swap using ETH, USDC, or any other supported token. IrisApp automatically finds the best route and the best available liquidity pool.
Even if you hold SOL, BNB, or any other supported token, you can buy IRISTOKEN directly through IrisApp using our cross-chain swap engine.
Method 2 โ Via Uniswap
For larger purchases, buy wQUBIC on the Ethereum network first, then swap it for IRISTOKEN.
For smaller purchases, you can also buy USDC and swap it for IRISTOKEN.
The size of a single liquidity pool does not determine buying capacity. What matters is the total liquidity available across all swap routes, and IrisApp is designed to automatically use the most efficient one. ๐
Over $63,000 has already been processed through our swap engine.
More users. More volume. More revenue.
We now have a product that goes beyond what #Uniswap and #Ondo offer.
Every swap you make instantly earns you a share of the protocol's revenue.
We also support Limit Orders for every token across all supported blockchains, whether it's an established project or a newly launched micro-cap token.
Our goal is simple: to build the most complete, accessible, and rewarding DEX in the ecosystem.
Over $63,000 has already been processed through our swap engine.
More users. More volume. More revenue.
We now have a product that goes beyond what #Uniswap and #Ondo offer.
Every swap you make instantly earns you a share of the protocol's revenue.
We also support Limit Orders for every token across all supported blockchains, whether it's an established project or a newly launched micro-cap token.
Our goal is simple: to build the most complete, accessible, and rewarding DEX in the ecosystem.
Over $33,000 has already been processed through the IrisApp cross-chain swap engine.
The growth is real.
๐ More users.
๐ More trading volume.
๐ More protocol revenue.
And unlike other DEXs, a portion of that revenue is instantly redistributed to users every time they make a swap.
On top of that, IrisApp offers:
โ Swap any supported token across all supported blockchains.
โ Limit orders on every supported token across every supported blockchain.
โ Access to 300+ tokenized stocks and ETFs, all directly from IrisApp.
IrisApp isn't just another DEX. We're building the next generation of DeFi infrastructure where every user helps create value and shares in it.