$GRID — earn it, spend it, lock it.
What it is
$GRID is the native unit of account for iogrid: a Solana SPL token with a fixed 1 billion supply, halving emission every 2 years, and a 2%-of-revenue buyback-burn. Providers earn $GRID by contributing bandwidth, compute, GPU, or Mac minutes; customers earn a 20% discount by paying invoices in $GRID directly.
The token is designed to be deflationary on three vectors at once: burn, halving, and a mandatory provider-earnings lockup that removes most newly-emitted $GRID from the float for at least 90 days after each payout.
How it works
Customers pay in USD, USDC, or $GRID
Stripe USD and on-chain USDC settle at list price. On-chain $GRID payments get a 20% discount and route directly to providers and the burn wallet.
98% to providers, 2% buyback-burn
Of every dollar of revenue, 2% is converted to $GRID via Jupiter on Solana and burned to the well-known incinerator address. The remaining 98% is converted to $GRID via TWAP and distributed to providers in proportion to their contribution.
Provider lockup + optional bonus tiers
Every $GRID earned enters a 30-day cliff + 60-day linear vest. Providers can opt in to longer lockups (up to 1-year cliff + 2-year vest) for up to 2× multiplier on earnings.
Headline parameters
| Symbol | $GRID |
| Network | Solana (SPL Token-2022) |
| Initial supply | 1,000,000,000 (1 billion) |
| Decimals | 9 (Solana standard) |
| Emission curve | Halving every 2 years |
| Year-1 emission | 50M $GRID (5% of supply) |
| Burn-rate target | ≥2% of monthly revenue → buyback → burn |
| Treasury custody | 3-of-5 Squads Protocol multisig |
| Liquidity venue | Raydium CLMM $GRID/USDC, LP locked 4 years |
Token allocation
| Slice | % | Supply | Terms |
|---|---|---|---|
| Provider rewards pool | 50% | 500M | Vested linear over 10 years (halving baked in) |
| Team | 15% | 150M | 4-year vest, 1-year cliff |
| Treasury / Governance | 10% | 100M | Multisig-controlled |
| Strategic investors | 10% | 100M | 12-month cliff, 24-month linear vest |
| Community / ecosystem | 10% | 100M | Airdrops, bounties, grants, validator rewards |
| Initial DEX liquidity | 5% | 50M | Paired with USDC on Raydium at TGE |
Emission schedule
| Years from TGE | Provider emission rate |
|---|---|
| 0 – 2 | 50M / year |
| 2 – 4 | 25M / year |
| 4 – 6 | 12.5M / year |
| 6 – 8 | 6.25M / year |
| 8 – 10 | 3.125M / year |
| 10+ | 0 — only burns remove supply |
Hard-coded into the SPL emission program. No governance can override.
Provider lockup tiers
| Tier | Schedule | Rewards multiplier |
|---|---|---|
| Standard (default) | 30-day cliff + 60-day linear vest | 1.0× |
| Loyalty | 90-day cliff + 180-day linear vest | 1.25× |
| Conviction | 180-day cliff + 365-day linear vest | 1.5× |
| Maximum | 365-day cliff + 730-day linear vest | 2.0× |
Tier can be upgraded any time, never downgraded. Early-unlock is possible but carries a 50% penalty on the locked portion (burned), once per year, per provider.
What you can do with it
Provider work-token
Earn $GRID by sharing bandwidth, CPU, GPU, or Mac minutes. Lockup-tier multiplier rewards long-term providers and protects the float from day-1 dumps.
Customer pay-with-discount
Pay invoices in $GRID and the gateway applies a 20% discount. Tokens flow through to providers plus the 2% burn — persistent buy-pressure as customers swap USD into $GRID to capture the discount.
Stake-for-routing-priority
Providers staking $GRID earn additional routing-priority weight. Customer-side staking unlocks volume discounts of up to 25% off list price (minimum 30 days).
FAQ
- Is $GRID a security?
- iogrid Foundation operates from the Cayman Islands and geo-blocks US persons at launch. Strategic investor allocations use Reg D / Reg S structuring. The buyback-burn and halving are hard-coded into the SPL emission program, not subject to discretionary governance. None of that is legal advice — consult your own counsel.
- Can iogrid rug-pull the liquidity pool?
- No. The initial 5% supply seeded into the Raydium CLMM pool is paired with USDC and the LP position is locked for 4 years via a Streamflow vesting contract. At end of vest the LP tokens are permanently burned, leaving the pool unliftable forever. Verification procedure is in the transparency report.
- Where can I trade $GRID?
- The canonical venue is the Raydium CLMM $GRID/USDC pool on Solana. All routing — through Sociable Cash, MoonPay, or any other off-ramp — discovers liquidity through Jupiter, which surfaces this pool as the primary venue. CEX listings are aspirational, not blocking.
- Why is provider $GRID locked up?
- Without lockup every provider would convert $GRID to USDC the moment they receive it, crashing the price. The rolling 30/90-day vest keeps ~67% of any month's earnings unsellable at any time, dampening sell-pressure and aligning providers with long-term network success.
- What happens to revenue from customers paying in fiat?
- 2% is converted to $GRID via Jupiter and burned. 98% is converted to $GRID via TWAP and distributed to providers. Customers paying directly in $GRID get a 20% discount, and that $GRID flows directly to providers and the burn wallet — no swap step.