IO Research’s announcement about building the largest Decentralized Physical Infrastructure Network (DePIN) is a major development in the decentralized cloud services sector. At the same time, they have disclosed details about their IO token economics, providing insights into the workings of DePIN’s token economy.
The IO token, which has a maximum supply of 800 million tokens, will distribute 500 million tokens during its launch. What makes this token economy distinct is the innovative distribution method. Over a period of twenty years, the remaining 300 million tokens will be gradually issued and granted as rewards to suppliers and their backers on an hourly basis. By implementing this system, we ensure a consistent supply of incentives while preserving a deflationary framework to combat inflationary trends.
During the first year, rewards will begin at 8%, then decrease by 1.02% each month, which is equivalent to about a 12% annual reduction. io.net has also introduced an automatic IO token destruction system. This system uses income from the IOG network to buy and eliminate tokens, making the destruction amount responsive to market conditions.
Revenue Generation and Business Model of io.net
Io.net’s business model, which drives their operations, is centered around generating revenue. This thoughtfully crafted model allows io.net to thrive and grow by charging fees to both users and providers. As a result, an equitable ecosystem emerges where value is traded for services provided.
Users who reserve computing power with io.net incur both commission and payment charges. Meanwhile, suppliers can earn rental fees by making their resources available on the platform, efficiently generating income.
Funding Success for IO Research and Development
IO Research’s achievement of $30 million in Series A funding, completing the round successfully, highlights the increasing acknowledgement and approval for decentralized computing projects. This financial boost is crucial for advancing io.net’s DePIN project, specifically improving the integration of distributed GPUs. In a world grappling with computer scarcity due to soaring demand for AI technologies, this funding demonstrates the significance and promising future of the platform.
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2024-04-17 11:01