As everyone knows, @irys_xyz is getting close to its TGE. Today, I saw a sneak peek of their tokenomics. According to the chart: total supply is 10 billion tokens, with approximately 23% circulating at TGE. Instead of rushing for short-term cash-out, they’ve reserved enough room for ecosystem growth. **Allocation Analysis** ————————————————————————— 30% allocated to ecosystem development, which is the largest single allocation. In the data storage sector, the network effect of the ecosystem is crucial. 25.3% allocated to investors, which is relatively moderate compared to other projects. Considering IRYS has already completed seed and Series A funding rounds, this proportion seems reasonable. 18.8% allocated to the core team and advisors. In tech-intensive projects, talent incentives are key to success. As an L1 programmable data chain, IRYS requires long-term technical iterations and ecosystem development. 8% for airdrops and future incentives, and another 8% for liquidity provision and partnership kick-offs. A total of 16% as a "user acquisition budget" reflects their focus on community building and market liquidity. 9.9% allocated to the foundation, responsible for long-term governance and protocol upgrades. **Underlying Logic** ————————————————————————— Unlike traditional projects, IRYS’s value proposition lies in making data programmable. Developers can embed instructions directly into data, enabling automated workflows, ownership verification, smart contract triggers, and more. The project requires significant ecosystem investment—30% of the allocation is dedicated to this purpose. When AI applications demand high-performance on-chain data, IRYS’s multi-ledger system and programmable data architecture will serve as the infrastructure. ————————————————————————— Looking at the token allocation, @irys_xyz has taken a cautious approach to balance short-term liquidity and long-term development. The 23% initial circulation provides sufficient market trading depth, while the 77% locked portion ensures the project has ample resources for long-term growth.