Odaily Planet Daily News According to official news, io.net (IO) announced the details of token economics: the maximum supply of IO is fixed at 800 million, the initial supply is 500 million IO, and the remaining 300 million tokens will be issued and paid as rewards to suppliers and their pledgers, which will happen every hour. Rewards are issued to suppliers and their pledgers on an hourly basis for 20 years. The rewards follow a deflationary model, starting at 8% in the first year and decreasing by 1.02% per month (about 12% per year) until the 800 million IO cap is reached. IO uses a programmatic token destruction system, in which the revenue generated by io.net from the IOG network is used to purchase and destroy IO. The IO destruction mechanism adjusts the number of IOs to be destroyed based on the price of IO. The initial supply of io.net at the time of creation was 500 million IO, of which 50% was allocated to the community, 12.5% to seed investors, 10.2% to Series A investors, 11.3% to core contributors, and 16% to R&D and ecology. The transfer restriction period for IO allocated to investors is three years, starting from the end of the 13th month, and will be lifted in 24 equal parts from IO until the end of the 36th month of the first distribution date; the transfer period for IO allocated to io.net Inc. employees is four years. The transfer restriction starts from the end of the 13th month, and will be lifted in 36 equal parts from IO until the end of the 48th month of the first distribution date.
