Update @ionet They have released Tokenomics and Airdrop Details Ahead of $IO Token Launch on April 28th $IO Tokenomics is designed to be the base currency in the io.net ecosystem, 50% of the total Supply has been allocated to the Rewards community following a disinflation model to control inflation. Burn Mechanism: Io.net will use a portion of network revenue to buy back and burn $IO tokens, thereby creating deflationary pressure. 500 million $IO tokens, 62% of the total token supply, will be in circulation. Initial circulating supply is unprecedented compared to industry practice, which typically reaches 15% to 20% at launch. This supply will increase to 800 million over time through network rewards. The initial allocation is designed to balance the interests of initial investors, core contributors, R&D and Ecosystem funds, and the broader community. Io.net has raised $30 million in investment at a $1 billion valuation, demonstrating strong investor confidence in the project's potential to revolutionize the AI computing landscape. Io.net is a decentralized computing network that aims to provide affordable, flexible, and accessible computing capacity to AI developers and companies. Its blockchain-based architecture ensures transparency, security, and fair compensation for all network participants. #AirdropAnnouncements #Airdrops $SOL
This time, we saw a record participation of 230 million JUP staked, from 334 thousand voters! Congratulations to @sanctumso and @UpRockCom who have won the vote, and become the next 2 teams launched at LFG.
Once again, we hope that every team participating in the voting will have a great time, and also gain some traction and publicity from it.
During the voting, we also hosted Twitter Spaces where the community shared feedback on the LFG process so far. We'll incorporate some of this feedback into LFG in the future, to improve the launchpad with the community. Expect an update on this soon.
With this, we have completed the second vote for LFG, and brainstormed the improvements needed for the platform.
CWG will also continue introductions for the next round of LFG next week. If you are interested in being part of LFG, apply in the forum!
jupresear.ch/c/lfg-intros/12
Once again, thank you to our voters, project team, and everyone who has been a part of this journey!