On iODA, community comes first. They get to push in ideas and plans via our governance system. Over 70% of token supply will be completely distributed to the community as more transactions are conducted on-chain.
No central control over how much rewards a person gets, how the rewards are distributed or who gets and who doesn’t. Every user interacts with the system directly via the Smart Contract.
All token minting are carried out on-chain and trackable for reference
NEXT LEVEL DeFi
There are numerous Smart Contract interaction every minutes with little to no incentives while users pay gas fees for those transaction. iODA is changing that system - now you get paid for Smart Contract interaction
iODA Platform Reward Structure
Users mint and get iODA tokens for each transaction made on the Smart Contract. Amount minted is gotten through:
[ iODA Percentage * token amount / 100 ]
iODA Percentage reduces as total unminted tokens reduce
Token Amount is the amount of tokens involved in the Smart Contract interaction
Total Unminted Greater than 500M – iODA Percentage = 10%
Total Unminted Greater than 400M and less or equal to 500M – iODA Percentage = 8%
Total Unminted Greater than 300M and less or equal to 400M – iODA Percentage = 6%
Total Unminted Greater than 200M and less or equal to 300M – iODA Percentage = 4%
Total Unminted Greater than 100M and less or equal to 200M – iODA Percentage = 2%
Total Unminted less than or equal to 100M – iODA Percentage = 1%