{"id":76365,"date":"2023-03-29T12:09:32","date_gmt":"2023-03-29T09:09:32","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=76365"},"modified":"2025-09-10T17:00:58","modified_gmt":"2025-09-10T14:00:58","slug":"iron-fish-team-unveils-details-of-the-projects-tokenomics","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/iron-fish-team-unveils-details-of-the-projects-tokenomics\/","title":{"rendered":"Iron Fish team unveils details of the project\u2019s tokenomics."},"content":{"rendered":"<p>The Iron Fish platform, backed by a16z and Sequoia Capital, unveiled the project&#8217;s tokenomics.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/IronFishCommunity?src=hash&#038;ref_src=twsrc%5Etfw\">#IronFishCommunity<\/a>! Our <a href=\"https:\/\/twitter.com\/hashtag\/Tokenomics?src=hash&#038;ref_src=twsrc%5Etfw\">#Tokenomics<\/a> paper is live. Learn more about our genesis block distribution, including category definitions and what the next few years will look like.<a href=\"https:\/\/t.co\/6xR5qEY2Kw\">https:\/\/t.co\/6xR5qEY2Kw<\/a> <a href=\"https:\/\/t.co\/agbcnROQlW\">pic.twitter.com\/agbcnROQlW<\/a><\/p>\n<p>\u2014 Iron Fish (@ironfishcrypto) <a href=\"https:\/\/twitter.com\/ironfishcrypto\/status\/1640752455834128387?ref_src=twsrc%5Etfw\">March 28, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Iron Fish is developing a Layer-1 blockchain to provide user privacy for <a href=\"https:\/\/forklog.com\/en\/news\/what-is-web3\">Web3<\/a>, using interoperability technologies and <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-zero-knowledge-proof\">zero-knowledge proofs<\/a> zk-SNARK.<\/p>\n<p>The genesis block will contain 42 million tokens.<\/p>\n<p>They will be distributed as follows:<\/p>\n<ul class=\"wp-block-list\">\n<li>Iron Fish Foundation \u2014 18%;<\/li>\n<li>testnet participants <a href=\"https:\/\/forklog.com\/en\/news\/iron-fish-announces-airdrop-ahead-of-mainnet-launch\">as part of an airdrop<\/a> \u2014 2.25%;<\/li>\n<li>for future airdrops \u2014 2.25%;<\/li>\n<li>pre-seed investors \u2014 5.1%;<\/li>\n<li>seed-round participants \u2014 9.9%;<\/li>\n<li>Series A funding round investors \u2014 14.5%;<\/li>\n<li>advisors \u2014 0.6%;<\/li>\n<li>the core development team \u2014 37.4%;<\/li>\n<li>IF Labs \u2014 5%;<\/li>\n<li>Endowment Fund \u2014 5%.<\/li>\n<\/ul>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/image-140.webp\" alt=\"image-140\" class=\"wp-image-202684\"\/><figcaption>Data: Iron Fish.<br \/><\/figcaption><\/figure>\n<p>Each insider will face a one-year lock-up after the mainnet launch. Over the next 12 months this category of token holders will be entitled to monthly vesting. For each employee, the period extends to four years, including a one-year lock-up at launch.<\/p>\n<p>During the first 12 months after the mainnet goes live, miners will increase supply by 10.5 million coins (one-quarter of the initial amount). Subsequently, issuance will steadily decline until reaching 256,970,400 IRON (over 150 years).<\/p>\n<p>The mainnet launch is expected on April 20. After the mainnet event, users will be able to perform transactions, run nodes, mine, and create and burn private user assets.<\/p>\n<p>Ethereum co-founder Vitalik Buterin <a href=\"https:\/\/forklog.com\/en\/news\/vitalik-buterin-proposes-a-privacy-solution-for-ethereum\">described<\/a> privacy as the network&#8217;s &#8216;biggest problem&#8217;; among the technologies to address it, he cited zk-SNARK.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Iron Fish platform, backed by a16z and Sequoia Capital, unveiled the project&#8217;s tokenomics.<\/p>\n","protected":false},"author":1,"featured_media":76366,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1179],"class_list":["post-76365","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-layer-2-solutions"],"aioseo_notices":[],"amp_enabled":true,"views":"28","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/76365","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=76365"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/76365\/revisions"}],"predecessor-version":[{"id":76367,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/76365\/revisions\/76367"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/76366"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=76365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=76365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=76365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}