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News

Iron Fish Launches Mainnet After $27.7M Investment Led By a16z

April 21, 2023 - Around 2 mins mins to read

Key Points:

  • Iron Fish mainnet launches after $27.7m investment by a16z.
  • Zero-knowledge proofs protect user data, and compliance is built-in.
  • Iron Fish is one of the largest ZKP processors in the world.
Iron Fish mainnet launches after $27.7m investment by a16z. A privacy network with zero-knowledge proofs to protect user data, and compliance built-in. The largest ZKP processor.
Iron Fish Launches Mainnet After $27.7M Investment Led By a16z

The Iron Fish mainnet has launched after receiving a $27.7 million investment led by a16z. This privacy network claims to be one of the world’s largest zero-knowledge proof (ZKP) processors. During the initial release of 42 million tokens, testnet airdrops accounted for 2.25% of the total.

Iron Fish is a privacy platform for web3 aimed at making it a safe space through privacy while deterring bad actors. Their ultimate mission is to become the privacy platform for all crypto transactions, and the mainnet launch is a significant step towards this goal.

The platfrom uses zero-knowledge proofs (ZKPs) as a fully encrypted, layer-1 blockchain to protect users’ personal data. Compliance is built-in, with every Iron Fish account coming with a set of view keys allowing them to provide read-only access to their transaction records as necessary.

The Iron Fish community has demonstrated its commitment to the platform. During the testnet phase, over 50 million transactions were processed, all shielded using zero-knowledge proofs, making it one of the largest processors of ZKPs ever. In the third phase of the incentivized testnet, over 60,000 concurrent nodes were online.

Upon mainnet launch, the genesis block will be allocated as follows. Please see the next section for descriptions of each category.

Iron Fish Launches Mainnet After $27.7M Investment Led By a16z

Note: All insiders have 12 month lockup, followed by an 12 month unlock period. This includes investors, employees, and advisors.

  • Iron Fish Foundation — 18%
  • Testnet Airdrop — 2.25%
  • Future Airdrops — 2.25%
  • Series Preseed — 5.1%
  • Series Seed — 9.9%
  • Series A — 14.5%
  • Advisors — .6%
  • Core Team — 37.4%
  • IF Labs — 5%
  • Future Endowment — 5%

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Thana

Coincu News

A16z

a16z Crypto

Iron Fish

ZKP

Avatar of Thana

Author

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.
News

Iron Fish Launches Mainnet After $27.7M Investment Led By a16z

Key Points:

  • Iron Fish mainnet launches after $27.7m investment by a16z.
  • Zero-knowledge proofs protect user data, and compliance is built-in.
  • Iron Fish is one of the largest ZKP processors in the world.
Iron Fish mainnet launches after $27.7m investment by a16z. A privacy network with zero-knowledge proofs to protect user data, and compliance built-in. The largest ZKP processor.
Iron Fish Launches Mainnet After $27.7M Investment Led By a16z

The Iron Fish mainnet has launched after receiving a $27.7 million investment led by a16z. This privacy network claims to be one of the world’s largest zero-knowledge proof (ZKP) processors. During the initial release of 42 million tokens, testnet airdrops accounted for 2.25% of the total.

Iron Fish is a privacy platform for web3 aimed at making it a safe space through privacy while deterring bad actors. Their ultimate mission is to become the privacy platform for all crypto transactions, and the mainnet launch is a significant step towards this goal.

The platfrom uses zero-knowledge proofs (ZKPs) as a fully encrypted, layer-1 blockchain to protect users’ personal data. Compliance is built-in, with every Iron Fish account coming with a set of view keys allowing them to provide read-only access to their transaction records as necessary.

The Iron Fish community has demonstrated its commitment to the platform. During the testnet phase, over 50 million transactions were processed, all shielded using zero-knowledge proofs, making it one of the largest processors of ZKPs ever. In the third phase of the incentivized testnet, over 60,000 concurrent nodes were online.

Upon mainnet launch, the genesis block will be allocated as follows. Please see the next section for descriptions of each category.

Iron Fish Launches Mainnet After $27.7M Investment Led By a16z

Note: All insiders have 12 month lockup, followed by an 12 month unlock period. This includes investors, employees, and advisors.

  • Iron Fish Foundation — 18%
  • Testnet Airdrop — 2.25%
  • Future Airdrops — 2.25%
  • Series Preseed — 5.1%
  • Series Seed — 9.9%
  • Series A — 14.5%
  • Advisors — .6%
  • Core Team — 37.4%
  • IF Labs — 5%
  • Future Endowment — 5%

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Thana

Coincu News

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