There were 11 halvenings on I0C, approximately every 7 months. Right now inflation rate is lower than 0.1% per year. Why Price is so low? Unobtanium has inflation rate 0.8% and it's much more valuable than I0C.
You cannot go by the I0C proposed halvenings because it is producing a block reward of 12.5 coins right now instead of the proposed 0.023 vout.
Raw block data is the truth. I0C is producing Bitcoin's block reward, not its own. It mints Bitcoins, not I0Coins by that logic.