Io.net Reveals Its Tokenomics for IO, Capping Total Supply at 800 Million While Allocating 50% for Community Engagement.

A decentralized peer-to-peer platform built on Solana. DePIN compute protocol io.net has presented the economic framework for its IO token.

The platform's launch will see an initial 500 million IO tokens minted and allocated across various categories, including seed and Series A investors, core contributors, research and development, ecosystem growth, and community incentives. This distribution aims to promote network expansion and broader adoption. Over the course of two decades, the token supply is set to increase to reach a cap of 800 million IO tokens. Rewards for contributions will be distributed hourly over this 20-year period.

The reward follows a deflationary This model begins with an 8% reward rate in the first year, tapering off by about 1.02% monthly, which translates to approximately a 12% annual decrease until the supply maxes out at 800 million IO tokens. As these rewards are allocated, the share for early investors and key contributors will gradually lessen, leading to an increase in the community's share to 50% once all distribution is complete.

Presently, users can obtain IO tokens through three primary avenues: firstly, by contributing their hardware resources to the network, ensuring they are readily available and earning hourly rewards for this availability; secondly, by providing services to other users while collecting hourly rental fees; or thirdly, by staking quality IO tokens to nodes within the network and earning hourly staking rewards.

The IO Token Fuels io.net's Ecosystem, Bringing Together GPU Renters, Owners, and Token Holders.

io.net is the entity behind the development and maintenance of the IOG Network, dedicated to creating innovative products and services that leverage this network, including IO Cloud, IO Worker, IO Models, and IO ID.

The ecosystem of io.net is built upon the notion of computing as a currency, providing a suite of tools and services that facilitate the building, training, and deployment of machine learning models, all supported by a blockchain infrastructure. Aptos and Solana The IO token acts as the primary currency for computing within this ecosystem, embodying both a resource and an asset in a diverse range of products and services.

This token serves the needs of three main groups in the io.net ecosystem: GPU renters or machine learning engineers needing access to computing power on the IOG Network, GPU owners looking to offer their idle computing resources, and individuals holding IO tokens who play a crucial role in maintaining the security of the network while fostering incentives that align everyone's interests to encourage growth and adoption. GPU computing power Please keep in mind that the information shared on this page is not designed to serve as legal, tax, investment, or financial advice. It's crucial to only invest what you can afford to lose, and if you're uncertain, we recommend seeking independent financial guidance. For additional details, we encourage you to review the terms and conditions and the support resources provided by the issuer or advertiser. MetaversePost is dedicated to accurate and unbiased reporting, though market conditions may change without prior notice.