Io.net reveals IO token economics: set maximum supply to 800 million and distribute 50% to community
io.net, a decentralized peer-to-peer DePIN computing protocol based on Solana, has revealed the token economics of IO tokens.
Initially, the platform plans to issue 500 million IO tokens upon creation and distribute them to various categories including seed investors, Series A investors, core contributors, R&D and ecosystem, and community. These tokens are designated to encourage network expansion and adoption. Over 20 years, the token supply will gradually increase, reaching up to 800 million IO tokens. These rewards will be distributed to vendors and stakers every hour for 20 years.
Rewards follow a deflationary model, starting at 8% in the first year and gradually decreasing by approximately 1.02% per month until reaching the maximum limit of 800 million IO tokens, equivalent to approximately 12% per year. As rewards are paid out, the portion allocated to early backers and core contributors will gradually decrease. As a result, once all reward distributions are confirmed, the community's share will be expanded to 50%.
Currently, users can acquire IO tokens through three methods: First, by contributing hardware resources to the network and ensuring availability to earn hourly availability rewards, second, by providing services to users and receiving hourly rent, or third, by staking IO Stake quality to nodes within the network and staking per hour. Receive rewards.
The IO token powers io.net's ecosystem, uniting GPU tenants, owners, and token holders.
io.net is the company responsible for the development and maintenance of the IOG network. We focus on creating a variety of products and services that utilize the network, including IO Cloud, IO Worker, IO Model, and IO ID.
io.net's ecosystem is designed around the concept of computing as money and provides a variety of tools and services for building, training, and deploying machine learning models on blockchain infrastructure powered by Aptos and Solana. IO tokens serve as a standard currency for computing and represent resources and assets within an ecosystem of products and services.
The token meets the needs of three main groups within the io.net ecosystem: These groups include GPU tenants or machine learning engineers who need GPU computing power on the IOG Network, GPU owners or entities looking to provide underutilized GPU computing power on the IOG Network, and IO token holders who actively participate in ensuring the security of the crypto economy. . It provides incentives to align the interests of all parties and promotes network growth and adoption.
The post Io.net's IO Tokenomics Revealed: Set maximum supply to 800 million and distribute 50% to community appeared first on Metaverse Post.