PANews reported on December 20 that IOST announced in its official blog that to establish itself as a Web3 payment infrastructure, it has officially launched a strategic token evolution plan, which includes the following key components: enhanced staking mechanism, community priority allocation, multiple value protection measures, and growth acceleration pool.
In addition, IOST has released a new token economic model, with the following key points:
1. The token distribution is as follows: ① The existing supply of IOST tokens will undergo strategic adjustments: the current circulating supply is approximately 21.32 billion tokens, with a new allocation for growth of 21.32 billion tokens. ② 97% of newly issued tokens will be used for the community, including staking rewards, ecological growth, and merchant incentives; ③ 3% reserved for operational costs and team expansion.
2. The distribution of newly issued tokens is as follows: PayPIN node rewards (60%), airdrop and staking airdrop (20%), PayFi community incentives (8%), community developer grants (5%), Nexus DAO (4%), team (3%).
3. Token Burn Mechanism: Four interrelated token burn mechanisms have been implemented, including: transaction fee burn, node MEV burn, ecosystem-based burn, and DAO governance mechanism burn. The combination of these four burn mechanisms is expected to bring significant deflation as network adoption grows, with an estimated total annual burn of approximately $8 million by the end of 2025.
