IrisApp had estimated INJ's potential at exactly 29x on August 8, 2022, when it was only $1.7. Today it's worth 49, so the target is achieved. INJ becomes the first token to reach the potential set by IrisApp.

What do you think about a feature that indicates when the target is reached on a project?

Now that the FUD seems to be fading away from the Binance ecosystem and the BNB token, we can now bring the liquidity topic back to the table.

A proposal will be launched on the DAO to determine whether we lock our liquidity with the previous partner (Unicrypt) for the next three years. Alternatively, we can develop our own liquidity locker, which will be open source, providing the advantage of not depending on anyone to lock our liquidity and avoiding lock-up fees.

It will be up to you to vote on what suits you best.

This proposal concerns the liquidity management for IrisToken. As you are aware, given the uncertainties surrounding Binance due to its lawsuit with the SEC, we had decided not to extend the liquidity lock. When we launched the project, we had locked the liquidity for one year with our partner Unicrypt. That period has now expired. Therefore, we need to lock the liquidity again, not only as a matter of trust but also to protect the project's liquidity against potential attacks.

Two options are available to us:

1. Continue with our partner Unicrypt:
This option allows us to extend the liquidity lock with Unicrypt for an additional five years. This entails placing our trust in Unicrypt for the next five years. The advantage is the quick implementation (approximately 10 minutes). However, the disadvantage is the need to trust our partner. Locking with Unicrypt, like with other service providers, incurs fees, namely 0.2 BNB + 1% of our liquidity provider (approximately $1000).

2. Create our own liquidity locker:
The advantage here is that we will no longer depend on third parties for our liquidity in the future, and it will incur no fees to lock our liquidity. The source code will be accessible to all, allowing any competent developer to improve it in the future. Our liquidity locker will not have a front-end, meaning it will not depend on a website and will be directly accessible via the BSC interface, ensuring continuous availability without the risk of being blocked due to a web host. However, the disadvantage is that it requires development effort (we estimate it can be done in one month, including testing).

As you know, the decision and direction of the project depend entirely on the community. Therefore, we invite you to vote for the direction you want for our project:

Vote "Yes" if you support creating our own liquidity locker, or "No" if you prefer we continue with our partner Unicrypt. The vote will be open from tomorrow on https://dao.iristoken.io/#/proposal-details?proposal=7

Voting is now open. Please cast your vote for the management of our liquidity. https://dao.iristoken.io/#/proposal-details?proposal=7

621,089 IRISTOKEN were distributed to special holders this month, totaling 2,108 US dollars.

Proposal #IP-7, concerning the management of our liquidity pool, has leaned towards the development of our own liquidity locker. It's the community that decides, and the developers implement.

We will get back to you by the end of the week with the development schedule, along with the status of ongoing developments and the upcoming marketing plan.

To encourage our community to always participate in governance, IrisDrop 3 has been launched with the aim of refunding transaction fees for all stakers who participated in proposal #IP-7, so 1000 IRISTOKENs will be airdropped into your respective wallets (we attempted to conduct the airdrop, but our partner platform is experiencing a bug at the moment, so we'll do it as soon as possible).

Thank you for continually supporting the people's ecosystem. See you soon...

IrisEcosystem Project Update

Development

IrisAI: Development on IrisAI is progressing well, with initial testing expected by mid-May.
Upcoming

Liquidity Locker: Development of our liquidity locker will begin on May 1st and last for one month, including testing.

Marketing

IrisApp: We are waiting for positive market sentiment before resuming marketing and promotion efforts for IrisApp.


AirDrop (IrisDrop3)

Transaction Fee Reimbursement: Transaction fees will be reimbursed for stakers who voted.


Thank you for your continued support of the people's ecosystem.

IrisDrop3, which consisted of reimbursing transaction fees (quadruple to be precise) to all those who participated in the last vote on IrisDAO, has just been executed.

Reward for special holders distributed.❇️