Binance Alpha irys @ irys_xyz November 25th Irys is an L1 blockchain focused on programmable data infrastructure, with a total financing of $18.9 million, led by 19-year-old founder Josh Benaron. The total number of tokens is 10 billion, with an initial circulation of 20%. The project has evolved from a data storage solution to an AI native programmable data chain, with support from top institutions such as CoinFund and Framework Ventures. Currently, TGE's sentiment is very positive. 1、 Fundamentals Irys is positioned as the foundational data chain for the Web3 data-driven economy, bridging the gap between static storage solutions and dynamic execution environments. Unlike early data chains such as Ethereum, which focused on computation but had low data processing efficiency, or Arweave, which only focused on permanent storage, Irys integrates low-cost, verifiable storage and EVM compatible execution layers. Core technologies and products of the project: ➤ Decentralized storage and data availability: providing permanent on chain storage for NFTs, media, and archives, while serving as the DA layer for L2 platforms such as Eclipse and Linea ➤ AI and Machine Learning: Supports on chain AI agents, verifiable training datasets, and inference workflows ➤ DeFi and Real World Assets (RWA): DeFi analysis supported by dynamic RWA embedded with compliance rules and verifiable cross chain queries ➤ Games, NFTs, and SocialFi: Low latency retrieval and composable features enable seamless on chain asset storage and interaction 2、 Financing and Endorsement Irys Seed, Strategy, and Series A have raised a total of 18.9 million US dollars in three rounds of financing. Main investment institutions ➤ CoinFund (Series A lead investor): Emphasize that Irys is the 'AWS moment of on chain data' ➤ Framework Ventures, Hypersphere Ventures, Permanent Ventures: Core supporters of multiple rounds of participation 3、 Founder and Team Founder and CEO: Josh Benaron Founded Irys (formerly Bundlr Network) in March 2021 at the age of 19 • Dropout of the University of Surrey in the UK for computer science and full-time involvement in projects Started self-learning programming at the age of 16, investing 10+hours per day Leading Bundlr to become the backbone of 98% of Arweave's network activities, handling over 1 billion uploads Core team members Jesse Wright (Chief Engineer): Responsible for IrysVM and protocol engineering Gus Lobo (CMO): Former Managing Director of Scrib3 Creative Agency Dan MacDonald (Protocol Manager): Arweave expert responsible for decentralized storage protocols Tiffany Lai (Vice President of Ecological Cooperation): Former experience at Avalanche, Apple, and 0G Labs Faris Oweis (AI Lead): Former Eclipse Business Development Lead 4、 Token Economy Total amount: 10 billion irys Token allocation: TGE initial circulation is 20%. 5、 Pre sale/Airdrop No public offering pre-sale. Airdrop allocation: 8% of total supply (800 million IRYS) TGE Airdrop: Binance Alpha November 25-26, 2025 Community airdrop registration: Closed on November 23, 2025, for Irys Genesis NFT holders • Active community members (test network participants, social contributors) Users who connect and verify through wallets/social networks 6、 Overall rating Overall rating: 8.5/10 Irys is positioned as the first programmable data chain with dual sealing of AI+modular blockchain technology, integrating storage, execution, and verification. Having financing and obtaining support from top VC institutions. Just like the recent financial report and stock price performance of Nvidia, AI is still in the heat, and there are many noteworthy aspects of the project, such as the topic of the 19-year-old founder. 20% of the circulation, let's see what price TGE has opened. The market has not yet recovered from the Bitcoin crash and is still relatively fragile, so there may be significant selling pressure. @KaitoAI Galxe ☄️