The 11th Implementation of the Community-centric Delegation Campaign & the Second One-year Token Burn Plan!

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IRISnet Blog

2 min readMar 9, 2021

In April 2020, the IRIS Foundation Rolled Out a Community-Centric Delegation Campaign & the Second One-Year Token Burn Plan.

The results of the 11th implementation are as follow:

IRIS Foundation made a distribution to delegators with an amount equal to their delegation rewards in February, distributed 362,883.5108 IRIS in total.
According to the Token Burn Plan, IRIS Foundation burned delegation rewards of Eco-Development Fund on February 27, totally 1,820,300 IRIS.
The foundation set up the “Rainbow Validator” award, which will continually receive application forms. Welcome to build the IRISnet ecosystem together.

More details can be found in irisplorer:

More details about delegator rewards distribution:

https://www.irisplorer.io/#/address/iaa10snc8psl5czvevlca2lllugv0zwjy5gt6agars

More details about planned token burn:

https://www.irisplorer.io/#/tx?txHash=7E5D9DD8C8F4D043B9197633EC6156A355FEE669B39A0610FE0E6B1F5AFC3570

The application form of Rainbow Validator rewards:

https://forms.gle/tRDcYeFue7rdeRWy7

*Validators who were not selected for the award are welcomed to re-apply, but please Re-fill the form and display your contributions for the past month.

Please note: The IRISnet mainnet 1.0 upgrade on Feb. 25 affected the Delegator Double Reward Program of IRIS Foundation community-centric delegation campaign, so this is the last time to distribute the double delegation rewards.

The program relies on the detailed “coin flow” information provided by `irishub v0.16` to perform accurate calculation of any given delegator’s rewards within a certain period of time. This feature was enabled through some customized enhancements to the forked Cosmos SDK v0.28, which is no longer possible as `irishub v1.0` has migrated to depend on Cosmos SDK v0.41.

Relevant Readings

Announcement: one-year token burning plan
IRISnet Mainnet 1.0 Upgrade Announcement