PANews reported on December 20 that IOST announced in its official blog that in order to establish itself as the Web3 payment infrastructure, it has officially launched a strategic token evolution plan, which includes the following key components: enhanced staking mechanism, community priority allocation, multiple value protection measures, and growth acceleration pool.
In addition, IOST released a new token economic model, the key points are as follows:
- 1. Token distribution is as follows: ① The supply of existing IOST tokens will be strategically adjusted: the existing circulating supply is about 21.32 billion, and the new allocation for growth is 21.32 billion. ② 97% of the newly issued tokens are used for the community, including staking rewards, ecosystem growth and merchant incentives; ③ 3% are reserved for operating costs and team expansion.
- 2. The distribution of newly issued tokens is as follows: PayPIN node rewards (60%), airdrops and staking airdrops (20%), PayFi community incentives (8%), community developer subsidies (5%), Nexus DAO (4%), and team (3%).
- 3. Token destruction mechanism: Four interrelated token destruction mechanisms have been implemented, including: transaction fee destruction, node MEV destruction, ecosystem-based destruction, and DAO governance mechanism destruction. The combination of the four destruction mechanisms is expected to bring significant deflation as network adoption grows, and the total annual destruction is expected to be approximately US$8 million by the end of 2025.
