Meme Insider
TL;DR
- Irys (formerly Bundlr) is building a Layer 1 “programmable datachain” to make on-chain data active and monetizable. Learn more at the official site: irys.xyz.
- A token labeled “IRYS” is discussed in community sources, but an exact match for the symbol IRYS and the contract 0x62a9361b0789dc9b097f408cc082de22f31495d0 on BNB Chain could not be definitively verified in public records at the time of writing.
- Treat the contract as unconfirmed until you verify details on explorers (for example, Etherscan and BscScan) and cross-check official Irys channels.
- If you choose to track or trade, always match the exact contract address and consider using tools like GMGN.AI. Use reputable DEXs on the chain where liquidity actually exists (for example, Uniswap on Ethereum or PancakeSwap on BNB Chain), and confirm the contract before any transaction.
What is Irys?
Irys is a Layer 1 blockchain focused on programmable data, verifiable compute, and AI coordination. Instead of treating data as static files, Irys aims to turn data into “living assets” that can carry logic, enforce rights, and autonomously generate or share value for creators and developers.
Key ideas in plain English:
- Programmable data: Data objects can include logic that smart contracts and AI agents can read and act on.
- EVM compatibility: Irys provides an execution layer compatible with Ethereum tooling, making it familiar for Web3 developers.
- AI and data-centric use cases: NFTs with embedded royalties, on-chain IP rights and payments, decentralized social, and verifiable datasets for AI training.
Useful links:
- Official site: irys.xyz
- Background on EVM compatibility: EVM glossary overview
Is 0x62a9… the official IRYS token?
Short answer: status uncertain. Here’s why:
- Some sources associate “IRYS” with Irys’s anticipated native token. However, the core Irys chain is its own Layer 1, and there has not been a broadly recognized, finalized, and verified deployment of an official “IRYS” token on BNB Chain at the address 0x62a9361b0789dc9b097f408cc082de22f31495d0.
- We found references to similarly named assets (for example, IRISnet’s IRIS and other “Iris” projects) that are unrelated by symbol, contract, or chain design.
- Conclusion: If you see “IRYS” tied to this contract, treat it as unverified until you confirm via official Irys communications and trusted explorers.
Verification starting points:
- Ethereum: Etherscan address page
- BNB Chain: BscScan address page
What the IRYS token is expected to do (if official)
Community and investor materials suggest the Irys native token would likely be used for:
- Gas and execution fees for contracts interacting with programmable data
- Incentives for storage providers and validators
- Governance and network upgrades
- Monetization flows tied to data usage (for example, automatic royalty splits)
Important: these roles are typical for Layer 1 tokens, but precise tokenomics and launch details should be confirmed by official Irys announcements.
Funding, roadmap, and ecosystem signals
- Irys was founded in 2021 and has reported raising approximately $8.9M from backers including Framework Ventures, Primitive Smokey the Bera, and Lemniscap. See the official site for the project’s trajectory: irys.xyz.
- Additional media and community sources reference a later $10M round led by CoinFund with participation from Hypersphere and others. See summaries on CoinRank and Coinstack.
These data points underscore investor interest in Irys’s “datachain” thesis, but they do not by themselves authenticate any third-party token contract claiming the IRYS symbol.
How to verify the token before you interact
- Match the exact address: 0x62a9361b0789dc9b097f408cc082de22f31495d0 on the specific chain you’re using.
- Check explorers:
- Cross-check official channels:
- Website: irys.xyz
- Any official documentation or announcements linked from the website or verified socials
- Look for red flags:
- Recently created token with unclear provenance
- Mismatched links (fake sites or spoofed socials)
- Unverified contract source and missing audits
- Unusual transfer taxes or trading restrictions
Where to track and potentially trade
If you decide to monitor activity or trade, proceed cautiously and always verify you’re interacting with the correct contract on the correct chain.
- Tracking and trading tools:
- GMGN.AI: IRYS page at gmgn.ai/eth/token/fV1R5sZ5_0x62a9361b0789dc9b097f408cc082de22f31495d0
- DEX access (only if liquidity exists for the exact contract):
- Ethereum: Uniswap (search by the full contract address)
- BNB Chain: PancakeSwap (search by the full contract address)
- Always compare the contract shown by your DEX or tracker with 0x62a9361b0789dc9b097f408cc082de22f31495d0 character by character.
Key risks to keep in mind
- Impersonation risk: Popular projects often have spoofed tokens on multiple chains using similar tickers.
- Bridge and wrapper confusion: A genuine token on one chain can be wrapped on another; wrappers are not the same as the native asset.
- Liquidity traps: Thin or temporary liquidity can cause extreme slippage or failed exits.
- Changing metadata: Token names and logos can be altered on-chain or via metadata services; always trust the contract address, not branding.
Bottom line
Irys is an ambitious Layer 1 focused on programmable data and AI-aligned use cases. While “IRYS” is frequently mentioned as its native token, we could not conclusively verify that the contract at 0x62a9361b0789dc9b097f408cc082de22f31495d0 is the official IRYS on BNB Chain or Ethereum at the time of writing. Before you interact, validate on explorers, confirm via official channels, and use reputable tools like GMGN.AI to monitor activity.
