The 12th Implementation of the Community-centric Delegation Campaign & the Second One-year Token Burn Plan!
In April 2020, the IRIS Foundation Rolled Out a Community-Centric Delegation Campaign & the Second One-Year Token Burn Plan.
The results of the 12th implementation are as follow:
- According to the Token Burn Plan, IRIS Foundation burned delegation rewards of Eco-Development Fund on March 30, 1,712,820 IRIS in total.
- 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 the explorer
More details about planned token burn:
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: According to the Token Burn Plan, this is the last planned token burn. Next, the foundation will further support the development of the ecosystem and community in more diverse ways:
- The delegation rewards of Eco-Development Fund will not be burned, and part of the delegation will be unbonded. These tokens will be transferred into the Community Tax Pool where the community can decide the token usage by on-chain governance proposals.
- The IRIS Foundation’s reserved tokens will be used to increase the delegation, and these delegation rewards will be used to give support to DeFi application such as Coinswap, accelerating the evolution of IRISnet interchain and DeFi ecosystem.
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