The application of consumer-grade rolling-shutter (RS) camera in VIO system deserves attention. In previous works, VIO systems with RS camera usually adopt different dimensions of RS modeling to represent the camera motion. Although the complex camera motion expression improves the accuracy, adding more variables greatly increases the computation load. Therefore, considering the limitations of camera motion modeling, this paper introduces a point feature correction strategy to improve performance of the system in both speed and accuracy. The optimized camera poses and high-frequency IMU are employed to correct the point features on RS image to new pixel coordinates in global-shutter view (at the middle of RS image readout time) by epipolar transfer. At the same time, we handle the zero velocity and abnormal cases of RS modeling to improve the robustness of the system. Furthermore, the readout time of the RS camera is online self-calibrated in the stage of state augmentation and can quickly converge and stabilize to near the true value. And the readout time of the RS camera is locally observable, except in two degenerate motions. 
 Experimental results demonstrate that the proposed method outperforms the state-of-the-art methods on a public dataset in terms of accuracy and computational cost. We port our algorithm to android-based mobile phone and our system outputs real-time trajectories on mobile phone. Then, we use the motion capture system to obtain the ground truth phone pose to test the performance of our algorithm.