Updates on KIRO Token Distribution
Important dates and distribution breakdown
- Total supply: 2.2 billion KIRO
- Circulating supply: 298.4 million KIRO
- Initially launch: 14/09/2020
- Coins minted on: 12/09/2020
Following several questions from community members and in accordance with our policy of transparency, we wanted to provide some details regarding the KIRO coin and its distribution.
Background on Kirobo
Before we dive into discussing the coin, here’s a recap on Kirobo and what we’re all about.
Kirobo is a blockchain technology company based in Tel Aviv, Israel. Kirobo’s vision is simple: we want to allow people all around the world to gain control of their money. We do that by offering our users secure and straightforward solutions, making crypto management, custody, and trading a no-brainer.
Kirobo’s first product, released in mid-2020, was the Undo Button. This is a proprietary technology enabling crypto holders to retrieve transactions. It uses an innovative mechanism that protects transactions with a passcode, which the recipient must enter in order to complete a transaction. The sender can cancel the transaction up until the moment the receiver submits the passcode. If the correct passcode isn’t submitted, the transaction won’t be executed. This feature has already saved our users millions of dollars worth of cryptocurrency.
Over the course of the year, Kirobo aims to release further products that will dramatically change the landscape of the blockchain industry.
Kirobo is the proud recipient of two grants from the Israeli Innovation Authority — the only blockchain technology company to achieve this.
KIRO coin launch and allocation
KIRO is Kirobo’s coin, facilitating the functions of our products.
The coin was initially launched following the introduction of the Undo Button. Its first minting took place on 12/09/2020.
The launch was preceded by a private distribution to a group of accredited investors but did not include a public offering. The coin was made available on UniSwap v.2 on 14/09/2020.
The max supply of KIRO is 2,200,000,000 (2.2 billion).
KIRO circulating supply is currently 298,421,105 while the rest of the minted coins (1,901,578,895) are locked in vested funds or smart contracts.
The largest portion of the locked funds (779,500,000 KIRO) is meant for use in research and development projects for Kirobo’s existing and future products. The second largest portion (604,438,273 KIRO) is used to support our marketing team and its ongoing efforts. The remaining portion (380,795,186) is currently locked in a vested funds wallet for future use.
You can see the entire breakdown in the pie chart below:
The article is not investment advice and must be used for informational purposes only. It is very important to do your own analysis. You can use KIRO for utility purposes only. Israeli, Canadian, and USA citizens cannot buy KIRO.
Find out more about us:
Uniswap V2 ( staking on V2 only):