🔥io.net announces token economics: IO maximum supply is 800 million, community allocation accounts for 50%.
✍️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 stakers every hour. Rewards are issued to suppliers and their stakers 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, where 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 of IO distributed to investors is three years. The transfer restriction starts at the end of the 13th month and is lifted in 24 equal parts from IO until the end of the 36th month from the first distribution date. The transfer period of IO distributed to employees of io.net Inc. is four years. The transfer restriction starts at the end of the 13th month and is lifted in 36 equal parts from IO until the end of the 48th month from the first distribution date.
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