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io.net discloses token economic model: 500 million will be distributed for the first time and 50% will be allocated to the community

CointimeCointime2024/04/16 12:22
By:Cointime

According to the token economic model disclosed in the DePIN protocol io.net document, the fixed maximum supply of IO, the native token of the IOG network, is 800 million, of which 500 million IO tokens will be distributed at launch, including seed round investors (12.5%), A-round investors (10.2%), core contributors (11.3%), research and ecosystem (16%), and community (50%). The remaining 300 million will be distributed and paid to suppliers and their stakers as rewards every hour within 20 years, following a deflationary model that starts at 8% in the first year and decreases by 1.02% per month (approximately 12% per year). IO uses a programmatic token burning system, where io.net uses the income generated from the IOG network to purchase and burn IO, and the burning mechanism will adjust the amount burned based on the price of IO.

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