PANews reported on November 21 that 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.