Could you elaborate on the concept of Iridium Coin? I've heard it mentioned in the
cryptocurrency community but am still unclear about its purpose and functioning. Is it a type of blockchain-based token? If so, what specific applications or uses does it serve? Additionally, how does its value fluctuate in the market? Is it widely accepted or still considered a niche cryptocurrency? Any insights you can provide would be greatly appreciated as I seek to broaden my understanding of this emerging financial technology.
7 answers
VoyagerSoul
Sat Jul 20 2024
The total supply of Iridium is capped at 25 million IRD, indicating a limited availability and potential for scarcity-driven value appreciation.
SejongWisdom
Sat Jul 20 2024
This limitation ensures the coin's scarcity and aids in maintaining its stability over time.
Valentina
Sat Jul 20 2024
The coin aspires to develop APIs for streamlining the integration of third-party offerings and advancements.
Valentina
Sat Jul 20 2024
An API, or Application Programming Interface, serves as a gateway for applications to interact and seamlessly exchange data, trades, and technological capabilities.
InfinityRider
Sat Jul 20 2024
The whitepaper for this coin was officially released in June 2018, outlining its vision, roadmap, and technical specifications.