Foresight News reports that the decentralized artificial intelligence model training platform Flock.io has released the FLOCK token economics. The total supply cap of FLOCK tokens is 1 billion, with an initial circulation of 12.8%. Of this total supply, 47% will be allocated to the community (5% will be used for airdrops to early users and the community) "to be distributed systematically over 60 months, decreasing by 1% each month," 17% will be allocated to the team and advisors ("1-year cliff, 2-year linear unlocking"), 19.7% will be allocated for the ecosystem, and 16.3% will be allocated to investors ("1-year cliff, 2-year linear unlocking").
Foresight News previously reported that Flock.io completed a $6 million seed round of financing in March this year, led by Lightspeed Faction and Tagus Capital.