What is the issuance and circulation of AIOZ coins?

The AIOZ Network's native cryptocurrency, AIOZ token, plays a pivotal role in powering the decentralized video streaming platform's ecosystem, incentivizing user participation and contributing to its growth.

Dec 10, 2024 at 01:38 am

AIOZ Coin Issuance and Circulation

AIOZ Network, a decentralized video streaming platform, utilizes the AIOZ token as its native cryptocurrency. This token plays a crucial role in powering the platform's ecosystem and incentivizing users to contribute to its growth and development.

Issuance

The AIOZ token was first issued in 2018 through an initial coin offering (ICO). A total of 1 billion AIOZ tokens were created during the ICO, with 500 million tokens (50%) being offered for sale to the public. The remaining 500 million tokens were allocated to the AIOZ team, advisors, and other contributors.

The ICO raised approximately $15 million, with the proceeds being used to fund the development and launch of the AIOZ Network. Since then, no additional AIOZ tokens have been issued.

Circulation

The current circulating supply of AIOZ coins is approximately 450 million, representing 45% of the total supply. The remaining 550 million tokens are held by the AIOZ team, advisors, and other contributors. It is important to note that the circulating supply of AIOZ coins may fluctuate over time due to factors such as token burns and new token allocations.

Token Distribution

The AIOZ token is distributed among various stakeholders in the following manner:

• Investors: Investors who participated in the ICO hold approximately 250 million AIOZ tokens (25%).
• AIOZ Team: The AIOZ team holds approximately 150 million AIOZ tokens (15%).
• Advisors: Advisors to the AIOZ project hold approximately 50 million AIOZ tokens (5%).
• Contributors: Contributors to the development of the AIOZ Network hold approximately 50 million AIOZ tokens (5%).
• Community: The community of AIOZ users holds approximately 50 million AIOZ tokens (5%).

Token Use Cases

The AIOZ token has a range of use cases within the AIOZ Network ecosystem, including:

• Node Operation: Node operators who provide bandwidth and streaming capacity to the network are rewarded with AIOZ tokens.
• Content Creation: Content creators who upload and share videos on the platform are rewarded with AIOZ tokens.
• Payments: AIOZ tokens can be used to purchase premium content, subscriptions, and other services on the platform.
• Governance: AIOZ token holders have the right to participate in the governance of the network through voting on key decisions.

Token Economics

The AIOZ token is designed to have a deflationary nature, which means that the circulating supply of tokens will decrease over time. This is achieved through token burns. The AIOZ team periodically burns a portion of the tokens held in reserve to reduce the total supply. This helps to increase the scarcity of the token and maintain its value.

Conclusion

The AIOZ token is a fundamental component of the AIOZ Network ecosystem. Its issuance, circulation, and use cases are carefully designed to incentivize participation, reward contributions, and ensure the long-term growth and sustainability of the platform.