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Inery is a layer-1 blockchain created to address decentralized database management, aiming to open the door to a new approach to data. It supports the growth of web3 by linking smoothly with existing systems, applications, and other layer-1 networks. Inery’s database management offering, IneryDB, combines blockchain capabilities with the characteristics of distributed database management. Leveraging a decentralized setup, IneryDB is designed to handle high throughput, low latency, advanced query-based searching, and data assets that are controlled by their owners. IneryDB lets developers and enterprises securely store, retrieve, administer, and share data across a decentralized infrastructure for multiple industries.
Token Utility
Inery Token “INR” is the native utility token for Inery Blockchain, functioning in governance and offering utility. INR is required to secure and run the decentralized data network. The INR token is used for these main purposes:
Governance : Enables holders to vote and/or submit governance proposals related to upgrades in the Inery ecosystem. Validators : Help secure the Inery blockchain by staking $INR, validating proofs, relaying transactions, verifying, and finalizing blocks. Access : $INR tokens motivate participation and support engagement with Inery products or services.Staking : Users can stake $INR in staking pools to earn transaction fees and staking rewards.Grants : Inery’s Grants program provides ongoing grants paid out in the native crypto token $INR.Storage : $INR acts as the exchange unit to access IneryDB’s decentralized storage.| Exchange | Pair | Last Price | Change (24H) | High (24h) | Low (24h) | Spread | Volume (24h) |
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