Irys, a programmable data chain, has announced the economic model for its IRYS token, detailing a total supply of 10 billion tokens with an initial circulating supply of 20%. The distribution includes 30% for the ecosystem, 9.9% for the foundation, 8% for airdrops and incentives, 8% for liquidity and launch partners, 18.8% for team and advisors, and 25.3% for investors. Notably, tokens allocated to the team and investors will be locked for the first year. The tokenomics also feature a 2% annual inflation reward for validators, which will halve every four years. Additionally, 50% of execution fees and 95% of regular storage fees are set to be burned, aiming to manage the token's supply and incentivize network participation.