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IOTA Token

The native asset on IOTA is called IOTA.

At the launch of IOTA Rebased, 4,600,000,000 IOTA tokens were migrated from the previous network called Stardust. 767,000 new IOTA tokens are minted each epoch. As a result, IOTA has no fixed maximum supply — the total supply fluctuates over time based on the balance between token inflation and fee burning.

Decimals

The number of decimals for the IOTA token has changed from 6 to 9 with this release: any balance from the Stardust network has been migrated and multiplied by 1,000 to accommodate.

The IOTA token serves four purposes on the IOTA network:

  • Staking: You can stake IOTA to participate in the delegated proof-of-stake mechanism.
  • Transaction Fees: IOTA is the asset denomination needed to pay the gas fees required to execute transactions and store created data on chain or process other operations on the IOTA network.
  • Value transfers: IOTA can be used as a versatile and liquid asset for various applications, including the standard features of money — a unit of account, a medium of exchange, or a store of value — and more complex functionality enabled by smart contracts, interoperability, and composability across the IOTA ecosystem.
  • Governance: IOTA tokens play an important role in governance by acting as a right to participate in on-chain voting on issues such as protocol upgrades.

All original IOTA Tokens are represented as the 0x2::iota::IOTA type of object on IOTA Rebased, accessible on the same (Hex format) addresses from the Stardust-based network. No manual migration is needed to access these tokens.