BurnDrop

Burn-Drop is a tokenomics design where IOTX is burned/dropped for every new device registered to the IoTeX Network, such as Ucam and Pebble.

Burn-Drop directly rewards long-term stakers, reduces the total supply of IOTX over time, and provides funding + network incentives to onboard new “Powered by IoTeX” devices..

By the Numbers:

1 Billion IOTX (10% of total supply) will be burned/dropped as we onboard 1 million devices

900M IOTX will be burned and 100M IOTX will be dropped to long-term stakers

10 Burn-Drop phases, with earlier phases having a higher Burn & Drop rate

Burn-Drop rewards long-term stakers every time a new IoTeX device is registered with IOTX dividends that are “dropped” directly to your staking buckets-earn up to 15% APY in Phase 1 of Burn-Drop (Nov 3–23)!

Dropping IOTX to Stakers

In return for providing security for IoTeX, long-term stakers earn Burn-Drop rewards, which are in addition to rewards received from staking. Secure your share of 100 Million IOTX by auto-staking ≥ 91 days!