RIF Token RIF to IONChain IONC Exchange

Crypto Pair Details: RIF to IONC

RIF Token RIF

RSK Infrastructure Framework (RIF) is a token developed on the RSK platform allowing holders to consume (and interact with) services within the RIFOS framework. The RIFOS framework, also built upon RSK, is a suite of distributed protocols built to enable fast, simple and scalable development of distributed applications within a highly-scalable, secure and unified environment. The RSK framework, in combination with the RIF token, allows developers to deploy and interact with the applications built atop the RIFOS framework. These include, amongst other things, third-party developed infrastructure services, as well as any additional applications deployed on the RSK framework. The RIF Token is intended to allow any token holder to consume any services that are compatible with RIF OS Protocols. Such services may include third party-developed infrastructure services, and any other apps that might be deployed on our framework that agrees to accept rif Tokens as a means of accessing / consuming the service or app.

IONChain IONC

IONC is the official token of IONChain. It can be utilized by different participants in IONChain ecosystem. The maximum supply of IONC is 800 million. It is going to be released gradually for 20 years. After 20 years, the administrative committee elected by IONChain users using the consensus mechanism will decide whether to re-issue IONC tokens based on the amount of on-chain devices, amount of data being processed and the overall level of IONC abundance in the ecosystem. IoT devices and data access constitute the core parts of IONChain ecosystem, therefore IONC token is going to be used to reward devices and data providers. The yearly supply of IONC tokens increases along with the demand for data access. However, the upper limit is pre-set. IONC token is an indispensable part of the IONChain system as it is a single most crucial part of its ecIONChain aims to solve a wide range of the current problems of IoT networks in terms of data security, data circulation, data sharing and data transactions, thus enhancing the efficiency of the whole IoT ecosystem. IONChain introduces the concept of “One Device, One Coin, One Code” which facilitates the integration of IoT devices with the IONChain blockchain network. With the use of Edge Computing technology, it enables every device on the IoT network to be utilized as a mining machine, making every IoT device that uses IONChain subject to mining rewards. Owing to the use of blockchain technology, the data source will always be reliable and verifiable on the IONChain network. Furthermore, the value ofthe data is quantified and data transfers are fast and secured. This makes it easier for IoT standards to emerge, unlocks a plethora of new IoT application scenarios and boosts the whole industry to enter the next level of development.

SOURCE: COINGECKO

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