Binance Launchpool Project IOGENT Discloses Tokenomics, Allocates Half of Initial Supply to Community

IconCryptoNewsTerminal Staff06 Jun, 2024

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Binance Launchpool Project IOGENT Discloses Tokenomics, Allocates Half of Initial Supply to Community

IOGENT (IO), a project selected for Binance Launchpool, recently released its detailed tokenomics through official channels. The maximum supply of IO is set at 800 million, with an initial supply of 500 million. Notably, 50% of the initial supply is allocated to the community, demonstrating the project's commitment to decentralization and community involvement. The remaining initial supply is distributed as follows: - Seed investors: 12.5% - Series A investors: 10.2% - Core contributors: 11.3% It's important to note that investor allocations are subject to a three-year vesting period, while team allocations have a four-year vesting period. This vesting structure ensures a gradual and controlled release of tokens into circulation, preventing excessive market volatility and promoting long-term stability. The disclosure of IO's tokenomics provides clarity and transparency for investors and community members. It aligns with Binance Launchpool's commitment to supporting high-quality projects with strong fundamentals. IOGENT's tokenomics, with its significant community allocation and thoughtful vesting structure, indicates the project's long-term vision and dedication to building a sustainable ecosystem.