Initial Supply and Distribution
The ELUM token will be issued on the IoTeX Root Chain with a max supply of 20,000,000,000 minted at launch and with the vast majority of tokens are locked and released slowly over time. Mining rewards token distribution will follow a halving schedule based on participation rates.
Mining rewards are distributed through a system based on weight rating scores. Weight ratings are accumulated from a range of sources such as capture device (camera), NFT, Staking, and data mining/processing.
Tokens distributed to the internal team and Operations / Ecosystem / Treasury are released on a vesting schedule of 48 months with the first release being made on the 1st day of the 6th month after the launch date. A monthly release of 1/48 of the locked amount is to be distributed over a 4 year period.