Irys announces token economics: 8% will be used for airdrops and future incentives

The programmable data chain Irys has announced the IRYS tokenomics. The total supply of IRYS tokens is 10 billion, with 20% in circulation. Of this, 30% will be allocated to the ecosystem, 9.9% will be distributed to the foundation, 8% will be used for airdrops and future incentives, 8% will be allocated to liquidity and launch partners, 18.8% will be distributed to the team and advisors, and 25.3% will be allocated to investors. The tokens held by the team and investors will be locked for the first year. The official will issue a 2% reward to validators/miners each year, halving every four years. Additionally, 50% of execution fees and 95% of regular storage fees will be burned.