🪙Tokenomics

Tokenomics for the I On You Review Advertising Token

Let’s explore the tokenomics for an advertising token designed to incentivize businesses to address user reviews. This token would also grant advertising space on apps for companies that successfully address reviews. Picture something like casino chip - and that casino chip can be traded by the holder for advertising space/time on certain platforms/applications

Token Issuance and Minting

• Initial Minting: A fixed supply of tokens will be minted initially to control inflation and ensure scarcity.

• Continuous Minting: Additional tokens may be minted periodically as rewards for users and businesses participating in the ecosystem.

Distribution Strategy

• Airdrops: Initial tokens can be distributed via airdrops to early adopters, reviewers, and businesses to kickstart the ecosystem.

• Rewards for Reviews: Users who leave reviews and businesses that address them promptly receive tokens as incentives.

Incentive Mechanisms

• Review Response Rewards: Businesses earn tokens by addressing user reviews, encouraging engagement and improvement in service quality.

• Advertising Rewards: Companies that maintain high response rates and positive feedback earn advertising slots within the app and affiliated platforms.

• Staking: Users and businesses can stake tokens to earn additional rewards, promoting long-term participation and network security.

Burn Mechanisms

• Periodic Burns: A portion of transaction fees or unused advertising tokens could be burned to reduce supply, enhancing token value over time.

Vesting Periods

• Team and Early Investor Tokens: Implement vesting schedules to lock tokens for the founding team and early investors, ensuring their long-term commitment to the project’s success.