What is IOI Token (IOI)?
The IOI token is the native utility and governance token of the QORPO ecosystem. This ecosystem combines NFTs, gaming, and crypto trading in one platform for easy access, security, and transparency. It also boasts of an NFT marketplace, multi-chain capabilities, and play-to-earn games. QORPO is one of the leading international blockchain game studios. It is one of the major Web3 and Metaverse projects in Central Europe.
The current IOI token price can be found on the live IOI token price chart above.
Use Cases of IOI Tokens
The IOI token is the driving force of the QORPO ecosystem. As such, all transactions carried out on the platform require the possession of the IOI coin.
Firstly, it is the governance token of the ecosystem. Members who wish to participate in the governance process must hold IOI tokens in their wallets. Holders can propose, deliberate, and vote on proposals that include ecosystem upgrades and rewards. There are rewards given to users for participating in governance activities. To know more about the value of these rewards, you can check the current IOI token price on the chart above.
Secondly, it is used as an in-game currency in all play-to-earn games built on the QORPO ecosystem. Users can purchase, sell and rent in-game items and collectibles, which include NFTs.
Finally, users can earn passively with the IOI crypto asset by staking it for rewards in staking pools. Staking periods range between 30-90 days. Additionally, holders of IOI tokens enjoy reduced transaction fees on the platform. Remember that you can see the latest IOI price on the chart above.
Who Founded QORPO?
QORPO was founded by Rastislav Bakala. After graduating from Ekonomická Univerzita v Bratislave, he went on to create and co-found companies designed to harness and develop blockchain technology and its uses. He also works as the CEO of Black Swan DAO, a company that builds blockchain infrastructure for traditional companies. He has years of experience in banking, corporate finance, entrepreneurship, business consulting, and more.
Tokenomics of IOI
The maximum supply of IOI tokens stands at 100 million. The team was allocated 20% of the total supply while 20% is kept in the reserve. 20% of the tokens were allocated for staking rewards and 8% for private sale. Advisors and marketing partners received 6% and 5% respectively, and 0.4% were reserved for the market makers. The ecosystem burning incentive got 4% while 10% and 2% were reserved for the seed and public sale, accordingly.
The fixed supply indicates that the IOI price might increase in the future as the token becomes more scarce.
