Irys announces IRYS token economics: 20% initial circulating supply, 8% allocated for airdrops and future incentives.

Irys, a programmable data chain, announced its IRYS token economics: The total supply of IRYS tokens is 10 billion, with an initial circulating supply of 20%. The allocation is as follows: Ecosystem 30%, Foundation 9.9%, Airdrop and Incentives 8%, Liquidity and Launch Partners 8%, Team and Advisors 18.8%, and Investors 25.3%. Team and investor tokens will be locked for the first year. A 2% inflation reward will be distributed to validators annually, halving every four years; 50% of execution fees and 95% of regular storage fees will be burned.