Web3 privacy platform Iron Fish announces its token economics: G

29 Mar 2023

On March 29, Iron Fish, a Web3 privacy platform, announced the details of the token economics of the project. The genesis block will release 42 million tokens, which will be distributed as follows: Iron Fish Foundation: 18%; Airdrops to testnet participants: 2.25%; For future airdrops: 2.25%; Pre-seed series investors: 5.1%; Seed Series Participants: 9.9%; Series A Funding Investors: 14.5%; Advisors: 0.6%; Core Development Team: 37.4%; IF Labs: 5%; Endowment Fund: 5%. The mainnet is expected to launch on April 20. For each insider, a one-year lock-up period is provided after the mainnet goes live. Such token holders will be eligible to make transfers each month for the next (panewslab.com/zh/sqarticledetails/nkooeh0i.html) 12 months. In the future, the amount of token release will gradually decrease until it reaches 256,970,400 IRON (150 years).
As previously reported, the privacy network Iron Fish will issue an airdrop of 940,000 mainnet tokens to testnet participants. Iron (panewslab.com/zh/sqarticledetails/i678fk36.html) Fish has completed 27.6 million round A financing in 2021, led by A16z (panewslab.com/zh/sqarticledetails/ 1638254429350771.html)