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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