On March 29, the layer 1 blockchain project Iron Fish launched its tokens, and the mainnet is scheduled to go live on April 20. Iron Fish previously launched a testnet incentive program, which will be conducted in three phases from December 2021 to February 2023. In the second phase, the project recorded more than 39 million transactions. In the third phase, the project launched more than 60,000 nodes and processed 390,000 user-generated transactions.
#ironfish Announce #airdrop Make plans for testnet users before mainnet launch https://t.co/VeJN1mhXMD
— Kyptos (@azcoinnews) March 29, 2023
Iron Fish also announced plans for airdrops for testnet users. Users will need to verify their identity (KYC) by April 14th to receive rewards. The team will distribute 945,000 IRON tokens (equivalent to 2.5% of the initial supply) to eligible users on April 21st.
According to tokenomic, the total supply of IRON is 256,970,400. The initial supply is 42 million tokens, of which 5% is allocated to community airdrops. 2.5% will be airdropped on the test network, and 2.5% will be airdropped in the future.
Iron Fish is a layer 1 blockchain that operates on a proof-of-work (PoW) consensus mechanism, giving users the right to secure information in all on-chain transactions.
This is one of the successful PoW blcokchain projects that uses zero-proof encryption solution zk-SNARK encryption to encrypt on-chain data (account balances, transaction details, etc.). – Knowledge (ZKP).
Iron Fish’s tokenization launch is an important step in the project’s preparation to launch its mainnet. The airdrop program for testnet users is also a great way to motivate users to participate in the project and help identify and resolve any potential issues before the mainnet launch.
The use of zk-SNARK technology to protect on-chain data is also notable, demonstrating Ironfish’s commitment to user privacy and data security. As the mainnet launch approaches, it will be interesting to see how Iron Fish progresses in the competitive blockchain space.
- Iron Fish launched its mainnet on March 14th with an airdrop of 940,000 pieces
- MetaMask Denies Airdrop Rumors
according to Kyptos