$IRIE ON RALLY
A Community Currency for Reggae Music
It’s ‘I’fficial! IRIE is the cryptocurrency, $IRIE! IRIE founder and multi-artist, ZOOLOOK, has entered the crypto world to offer fans of IRIE exclusive benefits and rewards for being a part of our reggae community. These benefits include exclusive opportunities for reggae artists and bands to participate in IRIE.BUY $IRIE
$IRIE is a cryptocurrency that we created and can be used to unlock exclusive benefits and access anywhere on the web, and even IRL. With $IRIE, we have created our own, independent micro-economy.
$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.
Exclusive merch not available in the IRIE Store including NFT art and music.
Reggae artists and bands can score exclusive features in IRIE to promote their new releases.
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.
In order to bridge out, your account must be at least 7 days old and you will have to go through a manual Know Your Customer verification process, which can take an additional 2-3 business days. There are also some fees, set-up steps, other time-based limitations, which are covered here.
The good news is that as soon as you complete these steps, it is very easy to Bridge Out via a free Coinbase account. If you aren’t familiar with Coinbase, it is a secure platform that makes it easy to buy, sell and store cryptocurrencies like Bitcoin, Etherium, and RLY. It has an easy-to-use website and smartphone app and works seamlessly with Rally. The interface does not require any crypto expertise—If you’ve used Paypal, you can use Coinbase.
If you’d like to simply spend down your balance, you can also spend $IRIE, just check out the Campaigns on my coin page, or trade it for other cryptocurrencies on Rally.
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.