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@oliviasaa
oliviasaa committed Aug 12, 2024
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Expand Up @@ -19,8 +19,8 @@ The IOTA economic model works as follows.

At the beginning of each epoch, two important events happen:

- IOTA holders stake (some) of their tokens to validators and a new [committee](../../operator/validator-committee.mdx) is formed.
- The reference gas prices are set as described in [IOTA Gas Pricing](./gas-pricing.mdx).
- The delegated tokens for a given validator are added up and a new [committee](../../operator/validator-committee.mdx) is formed.
- The reference gas price, set as described in [IOTA Gas Pricing](./gas-pricing.mdx), is updated.

Following these actions, the protocol computes the total amount of stake as the sum of staked IOTA.

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