Nuno Correia is a co-founder of xMoney (formerly known as Utrust) and a chairman of its board of directors. Correia has worked in the cryptocurrency industry since 2011, having founded various B2C businesses. He has a background in marketing and law. Roberto Machado is a co-founder, board member and CPO of xMoney (formerly known as Utrust) . Prior to xMoney, Machado has worked with international companies, such as Uphold, AT&T and Airtel. Filipe Castro is a co-founder, board member and CCO of xMoney. Castro has a computer science degree from the University of Porto. Before xMoney, he was involved in developing software-related solutions.

xMoney (formerly known as Utrust) was designed to provide a solution to the problems resulting in low usability of cryptocurrency as means of [payment](https://coinmarketcap.com/alexandria/article/the-role-of-crypto-in-cross-border-payments-the-ultimate-comparison), particularly the underdeveloped transactional security of payment platforms and relatively high fees. The main goal of the platform is to build a system that will enable fast and seamless crypto transactions at lower fees, therefore allowing merchants to reach a large audience of crypto holders. The platform allows buyers to make secure purchases while also offering an option for refunds and protecting sellers from the high volatility of the crypto market. The main goal of the platform is to build a system that will enable fast and seamless crypto and fiat transactions at lower fees, therefore allowing merchants to reach a large audience of crypto holders. The platform allows buyers to make secure purchases while also offering an option for refunds and protecting sellers from the high volatility of the crypto market. xMoney also aims to create a more reliable payments platform by combining the best features of blockchain and traditional fiat systems. By leveraging cutting-edge technology and a strategic partnership with MultiversX, xMoney empowers individuals and businesses to optimize their payment processes, drive growth, and deliver exceptional experiences to their customers. With its commitment to innovation and excellence, xMoney continues to lead the way in transforming the financial industry. xMoney (UTK) native token and its tokenomics UTK 3.0 primary purpose is to drive desired behaviors, such as accepting crypto and fiat for businesses and facilitating payments with the same for users. This encourages more companies to join the ecosystem, creating a flywheel effect that benefits buyers, users, investors, token holders, and businesses. The adoption of decentralized financial tools and currencies is further fostered through this collaborative approach.

[Binance](https://coinmarketcap.com/exchanges/binance/) is one option for an exchange if you are looking to acquire some IRISnet coins, as around $2,226,424 of IRISnet have already been traded through the platform as of January 2021. Another option to buy IRISnet coins is [Hotbit](https://coinmarketcap.com/exchanges/hotbit/), which has already processed trade volumes to the amount of $148,196 as of January 2021 [Read more here](https://coinmarketcap.com/how-to-buy-bitcoin/) about buying cryptocurrencies.

Like many popular altcoins, IRISnet is a delegated proof-of-stake ([dPoS](https://coinmarketcap.com/alexandria/glossary/delegated-proof-of-stake-dpos)) coin, based on the Tendermint Consensus. Tendermint emerged a little after the introduction of the [Bitcoin](https://coinmarketcap.com/currencies/bitcoin/) and [Ethereum](https://coinmarketcap.com/currencies/ethereum/) consensuses, and it aims to become an all-encompassing consensus engine. A delegated proof-of-stake consensus depends on the reputation of nodes, thus eliminating misbehaving nodes as the process goes on. For a transaction to be completed on a dPOS consensus, stakeholders request action from a trusted validator, who then processes the transaction. Because of the reputation model, validators (nodes) are bound to perform accurately; otherwise, they are removed from the network.

IRISnet announced an initial token supply of two billion IRIS tokens distributed in several key groups. According to the [IRISnet whitepaper](https://github.com/irisnet/irisnet/blob/master/WHITEPAPER.md#iris-overview), 25% of tokens were released for private sale, 15% were distributed among Bianjie AI team members and 15% are reserved to support the IRIS Foundation’s functions. Another 30% of issued tokens went towards ecosystem development, while 5% were dedicated to a special Cosmos Hub Airdrop. Finally, 25% of tokens went to the Tendermint developer team; however, most of these tokens will be vested in increments after the IRIS Hub launch. According to the founders, proceeds from the private sale of IRISnet coins will be directed predominantly towards the improvement and further development of the IRIS network.

IRISnet is an innovative read of what blockchain technology can bring to the business world. While most consortium blockchains are owned and operated by big conglomerates of companies, IRISnet aims to bring solutions to small business operations. One of their latest developments is the IRITA, an enterprise blockchain bringing flexible digital asset modeling and privacy-centric data authorization to the business world. One of the IRISnet protocol’s main selling points is that it aims to combine both on and off-chain capabilities. While transactions are executed on the blockchain, data processing and business logic will be executed off-chain. In addition, IRISnet also offers products like a smart wallet for business operations.

IRISnet was designed and developed by the team of tech experts behind [Bianjie AI](https://www.bianjie.ai/home), a Shanghai-based high-tech company founded in 2016. [Harriet Cao](https://twitter.com/harrietirisnet?lang=en) is a co-founder at Bianjie AI and one of the driving forces behind the IRISnet protocol establishment. She has been working on bringing modern solutions to problems in the financial sector, as well as blockchain-based solutions for healthcare institutions. Besides Bianjie AI, Harriet Cao is also heavily involved with the Blockchain Edge Analytics Network (BEAN). She focuses on the big-data aspect of IRISnet. Haifeng Xi is the other co-founder at Bianjie AI. He has proven expertise in developing distributed systems and blockchain applications. Combined with Harriet Cao’s interest in big data, the two came up with the idea for IRISnet as a blockchain solution for small and medium businesses. Another integral part of the team behind IRISnet is Tendermint, the company behind the Tendermint consensus engine, as well as the developers of [Cosmos](https://cosmos.network/ecosystem), an ecosystem designed to facilitate blockchain app development.

IRISnet is a service protocol and cryptocurrency, which was officially launched on Mar. 1, 2019. The primary purpose of the IRISnet protocol is to provide a [blockchain](https://coinmarketcap.com/alexandria/glossary/blockchain)-based, open network to small and medium businesses that are offering a wide variety of services. According to the official [IRISnet Whitepaper](https://github.com/irisnet/irisnet/blob/master/WHITEPAPER.md#iris-overview), the protocol aims to employ different public and consortium blockchains to bring the power of decentralized, open networks to thousands of businesses and freelance service providers. Interestingly, IRISnet was named after Iris, the personification of the rainbow and the messenger of the Gods in Greek mythology.

[Gelato Network](https://gelato.network) is an all-in-one Ethereum Rollup as a Service Platform built without limits. Designed to be super-fast, incredibly secure, and infinitely scalable, Gelato rollups allow anyone to build and deploy their fully serviced Layer 2 chains on Arbitrum, Optimism and Polygon at a pace natively integrated with Web3's favorite tools and services like Etherscan, The Graph, Pyth, Layer Zero and many more launching a production-ready web3 development environment from the Genesis block.

Bonfida is known as the top infrastructure developer on Solana. This accolade has been earned from their contributions to the ecosystem by providing services and products that allow for the wider ecosystem to flourish. Their contributions to the ecosystem include; (1) creating a new Serum Core engine, the Asset Agnostic Orderbook (AOB), (2) simplifying the way users transact with Solana Name Service and (3) the first perpetual swap on Solana, Audaces, to name a few. As a result of these, their developers are highly respected within the Solana ecosystem. Bonfida has a simple, yet realistic goal of providing products and services that will enhance the Solana blockchain for all its users.

What Is Unifi Protocol DAO (UNFI)? Unifi Protocol is a revolutionary approach to blockchain economics. The concept is simple - the network will use a stablecoin as its gas token to remove transaction volatility and inflation. The project aims to create the next class of blockchain, built on the principle of economic sustainability. Building a blockchain, not another cryptocurrency. Unifi Protocol DAO is on a mission to make blockchain a solution to modern finance by building a sustainable blockchain economy predictable enough to run a business on. Unifi Protocol DAO has been retooling blockchain economics with their innovative solutions since 2018. These include products such as a wrapperless cross-chain bridge (uBridge), a multi-chain AMM (uTrade) complete with advanced DeFi arbitrage strategies (DARBi), and a fully collateralized token integrated throughout the ecosystem ($UP). UNFI is the governance token for Unifi Protocol DAO. UNFI holders have exclusive rights to propose and participate in referendums Who Are the Founders of Unifi Protocol DAO? The Unifi Protocol DAO was founded and created by an online staking community called Sesameseed. Juliun Brabon is co-founder and CEO of Unifi Protocol DAO. He graduated with an English degree from the University of Buffalo and started a career in operations management. Later he became the president of several companies, including Jarrow Industries and Dr. Vita. In May 2018, he co-founded Sesameseed and started working on Unifi Protocol DAO. Kerk Wei Yang is another integral part of the Unifi team, responsible for developing the smart contract capabilities of Unifi Protocol DAO. He graduated from Nanyang Technological University in Singapore and started working in data administration. He joined Unifi Protocol DAO full-time in October 2020. Daniel Blanco is the lead developer of Unifi Protocol DAO. He has a solid background in information technologies and has worked for companies like Transparent CDN and Seedtag. He joined Unifi Protocol DAO full-time in October 2020. What Makes Unifi Protocol DAO Unique? Unifi Protocol DAO believes blockchain technology has a crypto problem and is striving to flip the script on the industry and build a blockchain without creating a native gas token. Their plan is to re-think what a blockchain should be, such as ripping apart the core tenets of why gas tokens need to be inflationary commodities. Or how subsidizing validators with network inflation may not be the solution which allows true blockchain adoption and businesses to thrive. How Many Unifi Protocol DAO (UNFI) Coins Are There in Circulation? The total supply of UNFI tokens is 10,000,000. Currently, there are about 5,800,000 UNFI tokens in active circulation on the market. As UNFI is a multi-chain governance token for Unifi Protocol Dao, it is critical to its core function that it be both as decentralized and multi-chain as possible. In support of these initiatives UNFI is available on many blockchains as a native asset with governance rights. In support of this token economy, the DAO currently supports the liquidity of the token on these blockchains with full details found in Dev docs on the Unifi Protocol website. In addition to multi-chain support, UNFI has been distributed freely to both Launchpool participants on Binance and through staking initiatives on Ethereum. How Is the Unifi Protocol Network Secured? Unifi Protocol is secured by a proof-of-stake (PoS) consensus mechanism. PoS relies on the fact that tokens are stakable to ensure the validity of nodes and secure the mining process. This means that nodes are selected based on their stake in the given token. Unlike the proof-of-work (PoW) consensus method used by cryptocurrencies like Bitcoin, PoS is extremely scalable and can offer more flexibility to project creators. Not only that, PoS does not require vast amounts of electrical and computing power to facilitate the mining process.