Irys Announces Token Economics: 8% to be Used for Airdrops and Future Incentives
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TL;DR
Irys has released IRYS token economics with a 10 billion supply, 20% in circulation. Allocations include 8% for airdrops and incentives, with team and investor tokens locked for one year. Annual rewards for validators start at 2%, halving every four years, and fees are partially burned.
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IrysToken EconomicsAirdropsBlockchainIRYS Token
Mars Finance reports that Irys, a programmable data chain, has announced its IRYS token economics. The IRYS token supply is 10 billion, with 20% in circulation. Of this, 30% will be allocated to the ecosystem, 9.9% to the foundation, 8% for airdrops and future incentives, 8% to liquidity and launch partners, 18.8% to the team and advisors, and 25.3% to investors. Tokens held by the team and investors will be locked for the first year. The official team will distribute 2% of the tokens as rewards to validators/miners annually, halving every four years. Furthermore, 50% of execution fees and 95% of regular storage fees will be burned.