io.net announces token economic model: total supply of 800 million tokens, 50% will be used for community building

ChainCatcher news, the Solana ecosystem DePIN protocol io.net has announced the token economic model for its token IO. At genesis, io.net will have an initial supply of 500 million IO, divided into five categories: seed investors, Series A investors, core contributors, research and development & ecosystem, and community. As IO is issued to incentivize network growth and adoption, it will grow to a fixed maximum supply of 800 million over 20 years.

It is reported that rewards will be released to suppliers and stakers every hour over the course of 20 years. The rewards will adopt a deflationary model, starting at 8% in the first year and decreasing by 1.02% each month (approximately 12% per year) until reaching the cap of 800 million IO.

With the distribution of rewards, the share of early supporters and core contributors will continue to decrease. Therefore, after all reward distributions are completed, the community's share will grow to 50%.