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Summary of ISKRA Token
Key Points
- ISKRA is a blockchain gaming hub that brings together gamers and game studios.
- $ISK is the native token used for all services within the Iskra ecosystem.
- $ISK has three key utilities: exclusive currency, governance token, and key currency.
Numbers and Figures
- Total supply of $ISK: 1 billion
- Circulating supply as of September 2022: 18,031,944 $ISK tokens
- 20% of platform fee revenue reserved for Burning Pool to buy back and burn $ISK tokens
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Introducing the ISKRA Token: Empowering a New Era of Innovation
Introducing ISKRA (ISK): A Comprehensive Overview
ISKRA is a pioneering blockchain gaming hub that converges gamers and game studios, fostering a vibrant ecosystem where enthusiasts can discover and indulge in premium blockchain-based games. Moreover, our platform empowers users to forge their own communities, cultivating a sense of belonging among like-minded individuals. Through our innovative Launchpad, users will have the exclusive opportunity to experience novel game projects at their inception. Furthermore, our platform facilitates the seamless trading of in-game tokens and unique in-game assets, minted as non-fungible tokens (NFTs), beyond the confines of the game itself.
As the native token, ISKRA Token, $ISK, serves as the cornerstone of the Iskra ecosystem, facilitating a multitude of services. Notably, $ISK boasts three pivotal utilities: 1. Exclusive currency for acquiring Pioneer NFTs: Following the sale of the 10,000th Pioneer NFT, the remaining Pioneer NFTs can only be purchased with $ISK. 2. Governance token: Holders of $ISK are empowered to propose and vote on initiatives that shape the trajectory of the Iskra platform. 3. Key currency: $ISK assumes a multifaceted role within the Iskra ecosystem, enabling seamless exchanges with other assets, and serving as a form of payment for transaction fees and a diverse array of services.
The Circulating Supply of ISKRA Token (ISK): A Quantitative Breakdown
The total supply of $ISK is capped at 1 billion, slated for distribution over a 20-year period. As of September 2022, approximately 18 million (18,031,944) $ISK tokens are currently in circulation. The specifics of the token distribution plan can be accessed
here
.
A total of 20% of all platform fee revenue will be allocated to the Burning Pool, dedicated to buying back and burning $ISK tokens in circulation. Periodic token burns will be executed by the Iskra Team without prior notification, aiming to mitigate price volatility, with the results to be disclosed subsequently.
Note: The specifics of the allocation and distribution plan are subject to revision.
The Visionaries Behind ISKRA: Meet the Founders
Eugene, the visionary CEO of Iskra, has a proven track record of assembling and leading teams of top experts in their respective fields to bring innovative concepts like Iskra to life. With a successful history of launching two blockchain projects, coupled with two startup experiences and one business exit under his belt, Eugene has been a stalwart believer in blockchain technology since 2016. Notably, he served as a technical executive for Icon, a project often referred to as the ‘Korean Ethereum’. Furthermore, Eugene played a pivotal role in the creation of the LINE blockchain project (LINK), a flagship product of LINE, Asia’s leading messenger platform.
The Iskra leadership team boasts a unique blend of expertise, drawing from both the blockchain and video game industries. With a wealth of experience, team members have spearheaded projects of notable caliber, including Icon Loop, LINE Blockchain, and a national Central Bank Digital Currency initiative for several Asian Central Banks, such as the Bank of Korea. Additionally, they have successfully built game networks for prominent global brands, including Disney, Nexon, Netmarble, Hangame, and Tencent. Undaunted by the challenges ahead, the team has committed to building Iskra, driven by the conviction that “it is not because it is easy, but because it is hard” that truly worthwhile endeavors are undertaken. This diverse team of over 50 individuals, hailing from Asia to the Americas, is united in its pursuit of excellence.
Acquiring ISKRA Token (ISK): A Comprehensive Guide to Exchanges and Marketplaces
As of September 29, 2022, ISK has officially debuted on Gate.io, marking its availability for trading on the esteemed cryptocurrency exchange.