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Updates iota token page re supply incr.
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luca-moser authored Sep 30, 2023
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55 changes: 46 additions & 9 deletions docs/get-started/introduction/iota/iota-token.md
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The IOTA token is the medium to transfer value within the IOTA mainnet. However, unlike other cryptos
there are no fees to be paid with the base token, meaning that IOTA tokens are transferred 1 to 1 to the receiver,
without miners or other intermediaries taking a cut.
without miners or other intermediaries taking a cut. The maximum supply is 4,600,000,000 IOTAs.

## Fair Distribution & No Inflation
The smallest denomination of IOTA is called "micros", with 6 decimal points. The total supply consists therefore
out of 4,600,000,000 IOTA tokens or 4,600,000,000,000,000 micros.

Unlike most other cryptocurrencies, all 2,779,530,283,277,76 IOTA tokens have been fairly distributed upon its
initial ICO without any early VC funding or tokens allocated to founders. Furthermore, there are no vesting schedules
or token lockups, meaning the entire supply is circulating.
:::info About MIOTA

IOTA has no inflation baked into its protocol, meaning that token holders are not getting
artificially diluted and the supply stays static.
Previously, one micro was called one IOTA, and 1,000,000 IOTAs made up 1 MIOTA (mega IOTA), however
with the change to the supply and upgrade to the Stardust protocol on the 4th of October 2023 on the IOTA Mainnet, the
IOTA Foundation opted to remove the [SI prefixes](https://en.wikipedia.org/wiki/Metric_prefix) to align with
the more common denominations used in the DLT space.

:::

## Supply Change With the Stardust Upgrade

On the 4th of October 2023, the IOTA Mainnet was upgraded to run under the Stardust protocol. With the upgrade, a
change in the supply was also executed, where the initial supply of ~2,779,530,283 IOTAs (2,779,530,283,277,761 micros, to be precise) was
increased to 4,600,000,000 IOTAs (4,600,000,000,000,000 micros), where the additional new supply of
~1,820,469,713 IOTAs were distributed under the following allocations and unlock schedules:

| Allocation | Percentage | # IOTA Tokens | Unlock Schedule |
| ---------------------------- | ---------- | ------------- | ---------------------------------------------------- |
| IOTA Foundation | 7.075% | 325,469,717 | 10% initial unlock, 4 year vesting, bi-weekly unlock |
| Tangle Ecosystem Association | 12% | 552,000,000 | 10% initial unlock, 4 year vesting, bi-weekly unlock |
| UAE Entity | 12% | 552,000,000 | 10% initial unlock, 4 year vesting, bi-weekly unlock |
| Contributors | 5% | 230,000,000 | 10% initial unlock, 2 year vesting, bi-weekly unlock |
| IOTA Airdrop | 3.5% | 161,000,000 | 10% initial unlock, 2 year vesting, bi-weekly unlock |

You can read more about the supply increase
under [following blog post](https://blog.iota.org/stardust-upgrade-iota-tokenomics) and see more detailed information
around the token distribution and unlock schedules
under [following GitHub repository](https://github.com/iotaledger/new_supply).

### Previous Supply: Distribution & No Inflation

Before the supply increase, all 2,779,530,283,277,761 micro tokens were fairly distributed upon the
initial ICO without any early VC funding or tokens allocated to founders. Furthermore, there were no vesting
schedules or token lockups, meaning the entire supply was circulating immediately. The IOTA Foundation was funded
via donations from ICO purchasers with roughly ~5% of the initial token supply.

IOTA still has no inflation baked into its protocol but due to the supply increase, an annual inflation of
around ~12-13% over a 4-year period is carried out via outputs which have been timelocked accordingly.

## Buying IOTA

:::info
Note that exchanges usually use the symbol MIOTA on their platforms which represents 1,000,000 (1 million) IOTA tokens.
:::caution

Note that some exchanges might still be using the symbol `MIOTA` on their platforms, which represents 1 IOTA or 1,000,000 (1
million) micros. Before you buy or sell IOTAs, please make sure you understand what denomination the exchange is
using so you don't get tricked into selling/buying under/over the current market price.

:::

IOTA is listed on most major cryptocurrency exchanges:
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10 changes: 5 additions & 5 deletions docs/get-started/introduction/shimmer/shimmer-token.md
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Expand Up @@ -26,11 +26,11 @@ out of 1,813,620,509 SMR tokens or 1,813,620,509,061,365 glow.

The initial supply of SMR was distributed in the following way:

| Allocation | Percentage | Number of SMR Tokens | Purpose |
| ---------------- | ---------- | -------------------- | --------------------------------------------------------------------------------------------------------------------------------- |
| IOTA Stakers | 80% | 1,450,896,407 | Rewarded to IOTA token holders who staked their tokens on the IOTA mainnet. |
| Community DAO | 10% | 181,362,051 | To foster community involvement and governance, enabling members to contribute to the Shimmer ecosystem's development and growth. |
| Tangle Ecosystem | 10% | 181,362,051 | To support and incentivize projects that leverage the IOTA Tangle, contributing to the ecosystem's development. |
| Allocation | Percentage | # of SMR Tokens | Purpose |
| ---------------- | ---------- | --------------- | --------------------------------------------------------------------------------------------------------------------------------- |
| IOTA Stakers | 80% | 1,450,896,407 | Rewarded to IOTA token holders who staked their tokens on the IOTA mainnet. |
| Community DAO | 10% | 181,362,051 | To foster community involvement and governance, enabling members to contribute to the Shimmer ecosystem's development and growth. |
| Tangle Ecosystem | 10% | 181,362,051 | To support and incentivize projects that leverage the IOTA Tangle, contributing to the ecosystem's development. |

The distribution of Shimmer tokens across these categories aims to create a balanced and inclusive network, promoting
participation, community engagement, and innovation within the Shimmer ecosystem.
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