The e-IOU Token

$e-IOU acts as guarantee capital above the 100% Bitcoin backing of every bitcredit issued. It governs the DAO and rewards contributors. Its value is tied to network activity: more business means more mints, more mints means more $e-IOU demand. Growth reinforces growth.

$e-IOU: What it does

Guarantee capital. Every bitcredit issued is 100% Bitcoin-backed. e-IOU sits above that as an additional layer of collateral, keeping the system sound. Governance. $e-IOU holders set protocol policy, approve proposals, and vote on strategic decisions. No central authority. No gatekeepers.

Contributors who build, develop, and grow the network may be awarded e-IOU. 

$e-IOU: How it works

Supply is issued via quarterly reward issuance. Issuance declines at 4.2% per quarter, equivalent to a Bitcoin-style four-year halving cycle.  The maximum number of e-IOU will be 1 billion tokens over 120 years. Newly issued tokens are distributed according to a split determined by decentralised governance. Any holder can propose changes to the distribution and vote on awards. 

Built on Bitcoin. 

Anchored to Bitcoin security.