Iron Fish announced its token economic model, with the development team, investors, and foundation accounting for 37%, 30%, and 18% respectively, and a total of 4.5% will be used for airdrops

ChainCatcher news, Iron Fish's official website has announced the tokenomics model for the project. The genesis block will contain 42 million tokens, with the following specific distribution: Iron Fish Foundation: 18%; Airdrop to testnet participants: 2.25%; Future airdrops: 2.25%; Pre-Seed round investors: 5.1%; Seed round investors: 9.9%; Series A investors: 14.5%; Advisors: 0.6%; Core development team: 37.4%; IF Labs: 5%; Donation fund: 5%.

The mainnet is expected to launch on April 30. For investors, advisors, and employees, there will be a one-year lock-up period after the mainnet goes live.

Previously reported, last November, the privacy-focused crypto startup Iron Fish completed a $27.6 million Series A funding round, led by a16z. Other investors include Sequoia Capital, LinkedIn executive chairman Jeff Weiner, and others. (source link)