Iron Fish Announces Token Economics Details: AirDrop tokens for testnet participants account for 2.25%

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MarsBit news, Iron Fish announced the token economics of the project. The genesis block will contain 42 million tokens, which will be distributed as follows:

- Iron Fish Foundation: 18%;

- AirDrop to testnet participants: 2.25%;

- Future AirDrop: 2.25%;

- Pre-Seed round financing investors: 5.1%;

- Seed round financing investors: 9.9%;

- Investors in Series A financing: 14.5%;

- Consultants: 0.6%;

- Core development team: 37.4%;

- IF laboratory: 5%;

- Endowment Fund: 5%. For each insider, a one-year Vesting period is provided after the mainnet goes live. Holders of such tokens will be eligible to make transfers each month for the next 12 months. The Mainnet is expected to launch on April 30. After the event, the main network will go online: conduct transactions, start nodes, mine, create and destroy user private assets.

As previously reported, in November last year, Iron Fish, a privacy encryption startup, completed a 27.6 million round A round of financing, led by a16z. Other investors include Sequoia Capital, LinkedIn Executive Chairman Jeff Weiner, Met's Alan Howard, and others.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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