Iron Fish Announces Tokenomics, 945,000 $IRON to Be Airdropped to Testnet Participants

Iron Fish Announces Tokenomics, 945,000 $IRON to Be Airdropped to Testnet Participants

Privacy public chain Iron Fish has announced its tokenomics and will airdrop its token to eligible testnet participants. 

The initial supply of $IRON, Iron Fish's native token, is 42 million. The distribution plan of $IRON is as follows.

  • Iron Fish Foundation: 18%;
  • Testnet Airdrop: 2.25 %;
  • Future Airdrops: 2.25 %;
  • Series Preseed: 5.1 %;
  • Series Seed: 9.9 %;
  • Series A: 14.5 %;
  • Advisors: 0.6 %;
  • Core team: 37.4 %;
  • IF Labs: 5 %;
  • Future Endowment: 5%.

All insiders have 12-month lockup, followed by an 12 month unlock period. This includes investors, employees, and advisors. Iron Fish is a Layer-1 chain based on Proof of Work and the mainnet is expected to launch on April 30th. 

Previously, Iron Fish closed a $27.6M Series A round of funding in 2021, led by a16z with participation from Sequoia Capital and others.

 

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Source

PoW

DeFi

Airdrop

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