It’s ‘I’fficial! IRIE is the cryptocurrency, $IRIE! Multi-artist ZOOLOOK has entered the crypto world to offer his fans exclusive benefits and rewards for being a part of the Stonefrenge community.
$IRIE is a little different from cryptocurrencies like Ethereum or Bitcoin because it is minted and traded by a company called Rally on their “sidechain”. This is great news for us because sidechain cryptocurrencies use a lot less processing power, which means that there are no fees and no excessive environmental impact to worry about.
When you hold $IRIE, you will see that you are eligible to earn Weekly Rewards, also known as Community Activity Rewards. Rewards are paid out each week to coin communities who are actively growing and participating in their coin economy. For each community that earns rewards, each participant in a community will receive a share of $RLY proportional to their holdings of that community’s coin. Read more about Rewards here.
No. While the price of $IRIE will go up and down, the value of $IRIE is in the benefits we described above and on our coin page.
Since the price of $IRIE is always changing, you should always plan to buy a bit more than the cost of whatever it is you’d like to purchase with $IRIE. For example, if you’d like to purchase [my NFT] which costs [$$], plan to spend a few extra dollars to make sure that you have enough to cover the final transaction. Since I will be offering people who hold $IRIE special benefits and opportunities, make sure that you are always holding at least a few $IRIE if you’d like access to those benefits.
To ensure fair participation in the $IRIE community, purchases of [$IRIE are limited to [a single transaction of up to $100 per person for the first week]. If you’ve already made a purchase, you will have to wait until 24 hours is up to make another purchase.