Along with the technology, IOV has been designing a strong economic model to support the long term value of the IOV token economics. IOV is proposing a Proof-of-Value mechanism that is designed to leverage the best of both Proof-of-Authority and Proof-of-stake models. In essence, it is designed to comprehend the core values of the blockchain such as trust, transparency, decentralization, as well as measurable metrics of contribution to the blockchain quality.
When IOV Tokens are used to pay for the registrations all other operations around personalized value addresses and namespaces; the token economic cycle continues into turnover to the validators of the network, which are distributed according to the quality of their validation work.
The full economic model of the IOV Name Service is described in IOV blog series:
The full economic model of the IOV Name Service is described in a series of articles on the IOV blog: