Iagon (IAG) Price

IAG is the native utility token of the Iagon protocol on Cardano, with a fixed total supply of 1 billion tokens. Iagon provides decentralized storage capacity through independent nodes; within this economy, IAG is primarily related to node/delegation staking and IAG rewards, rather than corporate equity or a fixed-income instrument. On Iagon's storage side, operators run nodes, commit capacity, and serve user data; Cardano records node participation, staking, and certain on-chain subscription and reward states. Holding IAG alone does not mean operating a node, receiving service revenue, or automatically receiving rewards.

IAG's stated use is to link the economic commitment of nodes or delegators to Iagon's storage supply, and to serve as the token for node/delegator staking rewards. Iagon also describes it as part of the cloud platform's payment and reward model, but the documentation expressly states that paying for storage services with IAG will be enabled later; this planned use cannot be treated as a payment feature already available. User storage subscriptions and node rewards are not paid through the same route: the current official fee documentation defines subscription fees as ADA collected, and subscription-fee revenue for node operators is currently also provided in ADA, while staking rewards are IAG. Therefore, holding or staking IAG does not mean it can directly replace every subscription payment, nor does it guarantee ADA or IAG income.

Iagon's storage service is intended to keep user data from depending on a single data center: files are encrypted on the client, then fragmented and distributed across multiple independent storage nodes. Nodes hold encrypted fragments; a single node can neither reconstruct a complete file solely from the data it holds nor should it be able to read file contents or human-readable filenames. Encryption determines who can decrypt, while fragmentation and distribution across multiple nodes reduce dependence on a single device and can support redundancy and parallel downloads when the network has capacity. Node operators run node software, commit capacity, and remain online, while the network measures performance through signals such as uptime and throughput. This explains why IAG staking and node rewards are linked to actual capacity and performance rather than merely holding tokens. Some specific product experiences in the official storage overview are marked as “under development,” with a target of the first quarter of 2027; that timeline is not evidence of functionality already launched.

Node operators or delegators lock IAG to activate or support the storage capacity committed by a node; the required stake is not a fixed number of tokens. The official model places committed capacity, a USD benchmark per GB, the IAG price, and an alpha coefficient in one calculation so that committed capacity is linked to an economic deposit. The parameters currently given in the documentation are a benchmark staked value of USD 0.5 per GB and alpha of 0.9. Let S be committed storage (GB) and P be the IAG price; the documentation gives the following calculation: Required IAG stake = S × [0.5 + 0.9 × (0.5 ÷ P)] Changes in P change the number of IAG required; the formula should be calculated using the price and parameters applicable on the platform at that time, and alpha may also be adjusted. A node must also complete registration and actually provide reliable performance; simply increasing the stake or overstating capacity cannot directly obtain a higher reward tier.

A node operator may initiate node retirement immediately, and a delegator may also initiate undelegation immediately, but IAG can be withdrawn only after three months have elapsed from initiation. The purpose of this waiting period is to prevent capacity, or the stake supporting that capacity, from being withdrawn abruptly and thereby affecting storage service and, in extreme cases, data availability. Therefore, “stopping a node” or “undelegating” does not mean the funds are immediately available; before the three-month unbonding path has been completed, the tokens remain in that exit process.

Iagon has allocated 100 million IAG in staking rewards for node operators and their delegators, with distribution planned over 15 years. Each year's reward budget is first divided evenly across that year's 73 epochs; it is then allocated among tiers according to tier coefficients, and within each tier a node's relative weight is calculated as “adjusted performance score × stake amount.” Node reward = (the node's adjusted score × stake amount ÷ the sum of all node weights in that tier) × that tier's epoch reward pool. Higher tiers have larger coefficients, but each tier has an annualized yield cap; the portion by which a node exceeds the cap flows to the next tier rather than being concentrated without limit in higher tiers. Tier 0 nodes receive no reward for that epoch and can participate again in later epochs after returning to an eligible tier. Rewards are not claimable immediately for the current period: rewards for epoch n are calculated in epoch n+1 and become claimable only in epoch n+73. Thus, holding IAG does not automatically generate rewards; eligibility and amount depend on actual staking/delegation, node tier, performance, competitive weight within the tier, and the cap.

Iagon uses 10 reward tiers to assess storage nodes. A node must meet every minimum requirement for upload, download, reads, writes, and epoch uptime for its tier; falling short on any one metric places it in a lower tier. Tier 1 has baselines of 20 Mbps each for upload and download, 2.5 MB/s each for reads and writes, and 90% uptime; nodes that do not meet Tier 1 or are verified as unreliable enter Tier 0. A tier is not determined only by stake amount or declared capacity. The network also checks whether declared capacity matches actual performance and uses verification and consistency checks to identify untrustworthy behavior; Tier 0 does not participate in rewards for that epoch. Eligible nodes also receive a tier score from 1 to 100, and that score together with stake amount determines their share of the reward pool for their tier.

Storage subscription fees and IAG staking rewards are two separate funding paths. Iagon defines “fees” as ADA collected each month from storage subscriptions; if a user prepays for an annual subscription, only 1/12 of the total payment is included in that month's distribution each month. Of monthly subscription fees, 90% is distributed to nodes and their delegators according to their proportion of staked storage capacity; 7% goes to the Iagon treasury; and the remaining 3% is used to buy back IAG from the open market. Distribution occurs at the beginning of the following month, and nodes and delegators can claim through the web dashboard. The official explanation describes this 3% as a buyback and does not describe it as a burn. Therefore, subscription demand may connect to the IAG market through ADA income for nodes/delegators and the buyback arrangement, but this does not mean that subscription growth must become IAG purchases, a price increase, or fixed returns for any participant.

IAG has a fixed total supply of 1 billion tokens, but a fixed total supply does not mean every token circulates at the same time. In the initial Cardano mint allocation, community incentives were 461 million IAG, development 112 million, and team 85 million; the community incentives include 100 million IAG in node-operator staking rewards, planned for distribution over 15 years. The team allocation was originally locked until October 2025 and then distributed over six months; since October 2023, the development wallet has used monthly linear distribution to pay expenses. These are different release and use paths, so allocated totals cannot be treated directly as immediate circulating supply. The official documentation also states that 500,000 IAG per month has been allocated since March 2024 for ERC-20 swap liquidity, while the swap process for dedicated liquidity and swap wallets remains unfinished. These arrangements affect when tokens in different wallets move and for what purpose; they do not guarantee price, circulating supply, or individual returns.

Iagon initially issued IAG in ERC-20 form, then shifted deployment to Cardano. The official current explanation states that after the migration, IAG's value and functionality exist only on the Cardano network, while the original ERC-20 token has ceased functioning; meanwhile, the liquidity and swap process for ERC-20 conversion are still in progress. This means the old ERC-20 token and the current Cardano-native IAG are not parallel assets that can be used directly with the same functionality. Before transferring, storing, or assessing asset usability, holders should verify the network they hold and the swap procedure published by the project that applies to them; they cannot assume the old token remains usable in the protocol merely because it has the same ticker.

The official documentation states that designated IAG wallets and their tokens are controlled by the DAO, and explicitly says that these tokens are not owned by any company. In this context, the DAO is a governance arrangement in which community token holders make collective decisions, so the use of these wallets is not determined unilaterally by a single company acting as owner. This statement applies to the DAO-controlled tokens and wallets referred to in the documentation; it does not automatically give every IAG holder a fixed dividend, corporate equity, or an individual claim on all protocol revenue. Actual token use remains subject to applicable DAO decisions and on-chain traceable wallet activity.