What is the issuance amount of IOST coins?

Its capped total supply of 21 billion IOST, distributed through private sale, public offering, and rewards, influences its supply-demand dynamics and market value.

Nov 24, 2024 at 08:39 am

What is the Issuance Amount of IOST Coins?

Understanding IOST Coin Issuance

IOST, a decentralized blockchain platform, utilizes its native IOST coins as its primary medium of exchange, transaction fees, and network incentives. The issuance amount of IOST coins is a crucial aspect to consider, as it directly influences the coin's supply, circulation, and market value.

1. Token Allocation

IOST's total coin supply is capped at 21,000,000,000 IOST. This fixed supply helps maintain the coin's scarcity and potential for value appreciation.

Original Token Distribution:

• Private Sale (2017): 40% of the total supply (8,400,000,000 IOST) was sold during private investment rounds to early backers.
• Public Sale (2017): 35% of the total supply (7,350,000,000 IOST) was offered to the public through an Initial Coin Offering (ICO).
• Team and Advisors: 10% of the total supply (2,100,000,000 IOST) was allocated to the IOST team, advisors, and contributors.
• Foundation: 10% of the total supply (2,100,000,000 IOST) was reserved for the IOST Foundation to support ecosystem development.
• Mining Rewards: 5% of the total supply (1,050,000,000 IOST) is allocated for block rewards to incentivize node operators and miners to validate transactions and secure the network.

2. Token Release Schedule

The release of IOST coins follows a predetermined schedule to gradually distribute the supply over time.

• Private Sale: Coins were released immediately upon purchase.

• Public Sale: Coins were released according to a vesting schedule:

  • 10% released immediately upon purchase.
  • 30% released after 12 months.
  • 60% released after 24 months.
• Team and Advisors: Coins are released gradually over a 3-year period.
• Foundation: Coins are released gradually over a 5-year period.
• Mining Rewards: Coins are released upon successful block validation.

3. Current Circulating Supply

As of [date], the current circulating supply of IOST coins stands at approximately 12,000,000,000 IOST. This represents approximately 57% of the total supply. The remaining coins are held in reserve by the IOST team, foundation, and other stakeholders.

4. Supply-Demand Dynamics

The issuance amount of IOST coins influences its supply-demand dynamics. With a capped total supply, the scarcity of IOST coins can drive its value appreciation in the face of increased demand. Conversely, a high circulating supply relative to demand can dampen price growth.

5. Use Cases and Adoption

The utility and adoption of IOST coins within the IOST ecosystem and beyond impact its demand. IOST coins are used for:

• Transaction Fees: Payment for validating and processing transactions on the IOST blockchain.
• Network Governance: Voting on network parameters and decisions through the IOST Decentralized Autonomous Organization (DAO).
• Staking: Node operators and delegators can stake their IOST coins to earn rewards and participate in network validation.
• Cross-Chain Transactions: IOST bridges allow IOST coins to be used in other blockchain ecosystems.

Conclusion

The issuance amount of IOST coins plays a significant role in understanding the dynamics of the IOST blockchain ecosystem. The capped total supply, token distribution, and release schedule influence the supply and scarcity of IOST coins, while their utility and adoption drive demand. By monitoring these factors, investors and stakeholders can make informed decisions regarding IOST coins.