🦋Overview of the $IOTY
Overview of the IOTY token Value Flow within the Connectify Ecosystem
The diagram illustrates how value enters the crypto ecosystem through multiple revenue streams, is captured, and then redistributed, highlighting the mechanisms that contribute to the token's value growth based on protocol usage.
Revenue Streams
Subscriptions: Users pay a yearly subscription to gain access to the platform.
Model Product: Each product model, necessary for the creation of devices, generates revenue.
Device Creation: The creation of devices, based on their models and components, incurs costs and generates revenue.
IoTy Network: Device users pay a monthly subscription to access the decentralized IoTy network, maintained by peer-to-peer routers.
Connectify Platform Services: Revenue is generated from IoT services like Bluetooth and geolocation provided by the Connectify platform.
Value Capture and Redistribution
Revenue Utilization: Part of the revenue streams will contribute to the buyback of the token from the secondary market, which mechanically increases its price.
Token Locking: Bought-back tokens are locked in a contract.
Token Minting: New tokens are minted proportional to the total locked tokens and the fullness of the community pool, ensuring inflation aligns with demand.
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