🔥IO.NET Token Economics: The initial supply is 500 million. When the maximum supply limit of 800 million is reached, the community allocation ratio will be 50%
✍️According to the official website, the token economics of IO.NET (IO), a decentralized artificial intelligence computing and cloud platform, are as follows: The maximum supply of IO tokens is fixed at 800 million. At launch, 500 million IO tokens will be distributed, with the remaining 300 million tokens being issued and paid as rewards to suppliers and their stakers on an hourly basis for a period of 20 years. Rewards follow a deflationary model starting at 8% in the first year and decreasing by approximately 1.02% per month (about 12% annually) until reaching the $800 million IO cap.
IO uses a programmatic token burn system where revenue generated from the IOG network by io.net is used to purchase and destroy IO tokens. The number of IOs to be destroyed adjusts according to its price. Io.net generates income by charging users and providers fees; it charges reservation fees when booking computational power, while payment fee collection depends on user's chosen method for reservation payments as well as how providers choose to withdraw rental income.
✍️At inception, io.net had an initial supply of 500 million IOs divided into five categories: seed investors, Series A investors, core contributors, R&D ecosystem & community members. As rewards are distributed through the IOG network over time,the shares held by early supporters and core contributors will continue to decrease so that after all rewards have been allocated (i.e., after twenty years), community share will grow up about fifty percent; seed investor share would be twelve point five percent; series A investor share would be ten point two percent; core contributor share would eleven point three percent; R&D ecosystem share would sixteen percent.
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