Iagon
IAG
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
IAG (Iagon) is a decentralized cloud computing and AI-driven data storage marketplace built on Cardano, having completed a historical migration from an ERC-20 structure. The project's strongest asset is its robust security and audit record (7.5/10), featuring six independent security reviews across multiple firms (including Secureworks, Modus, VacuumLabs, and FYEO) with no history of exploits or protocol-level hacks. The core team is fully doxxed with advanced academic credentials, and the tokenomics (6.0/10) benefit from a fixed 1 billion total supply, multi-utility staking/marketplace mechanics, and a fee buyback structure.
However, Iagon faces notable headwinds. It operates as a micro-cap with thin daily trading volume ($32k–$80k) and a low market rank (#1288), facing stiff competition from established protocols like Filecoin and Arweave (Market & Use Case: 4.5/10). Active development (5.0/10) shows continued maintenance and CLI releases into 2026, though shipping cadence remains slow and unverified for major 2025 roadmap items like the Alexandria Protocol. Governance remains founder-centric despite DAO branding (6.0/10).
Note: The Community Support section lacked sufficient verifiable Cardano-specific social and governance data and was scored as a data gap (-1.0), with its weight redistributed proportionally. No qualifying red-flag events were established.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Iagon (IAG)
Iagon (IAG) is a decentralized cloud computing and AI-driven data storage marketplace operating on the Cardano network, having historically migrated from an initial ERC-20 token structure. Founded by a credentialed team including Dr. Navjit Dhaliwal, Dr. Elad Harison, Dr. Claudio Lima, and Dr. Rohit Gupta, the protocol connects users seeking data storage and processing power with decentralized resource providers.
The network utilizes the IAG token as its primary medium of exchange, settlement layer, and staking asset. The token has a capped total supply of 1 billion tokens on Cardano without protocol-level inflation. Resource providers are incentivized through a Proof-of-Utilitarian Work mechanism, while token-based staking tiers determine resource allocation and marketplace access. Additionally, the protocol utilizes an LSPO mechanism that directs ADA earnings to exchange liquidity and a 10% IAG token buyback framework. Across its codebase, Iagon has completed six independent security reviews with firms including Secureworks, Modus, VacuumLabs, and FYEO, with no recorded exploits or smart contract hacks.
Despite its technical architecture and clean security record, Iagon faces notable operational and market risks. The project trades as a micro-cap asset with limited daily trading volume and a low market ranking, facing substantial competition from established decentralized storage networks such as Filecoin, Arweave, and Akash. While branded as a decentralized autonomous organization, practical governance remains largely concentrated among the core founders, with community voting remaining a roadmap priority. Furthermore, development delivery has experienced a slow shipping cadence, leaving marquee milestones such as the Alexandria Protocol unverified.