The INSP token is a utility and governance token, marking the decentralization of the Inspect platform. It has a total supply of 1 billion tokens and launched in December 2023. According to the Inspect tokenomics, the INSP token distribution is as follows:
1. 16% was allotted to the Community Foundation
2. 17.4% of INSP supply was set aside for liquidity
3. 15% was issued to Inspect’s core contributors.
4. 12.% each was allocated for the strategic sale round and ecosystem growth.
5. 12% of INSP tokens were issued during the Inspect private sale.
6. 8% went to the project’s advisors, 5% was reserved for staking activities, 1.33% went for the APE public sale, and 0.2% was issued via a public sale on Bybit.