DeFi Daily News
Creation
DeFi-IRA Tokenomics
The breakdown of it all.
Initial Distribution
The initial supply of IRA tokens stood at 222,000,000. Before the token launch, 5% of the starting supply was distributed to the five team members through an airdrop. Additionally, 10% of the tokens were allocated to the treasury wallet, ensuring they would remain untouched. Another 10% was airdropped to the wallets of Flameling token holders. The LPs from the three distinct Flameling tokens were utilized to support the IRA LP on Uniswap. The remaining 75% of tokens were added to the liquidity pool.
On August 5th, 2024, the IRA token introduced a small and innovative burn feature to increase its value, turning the token deflationary. Initially, around 2,000,000 tokens were burned in the first few days, followed by a gradual reduction in the burn rate. Their goal was to establish a sustainable ecosystem focused on community participation to build loyalty among token holders. By working together, involving decentralized finance (DeFi), and using the token, the team aimed to boost its worth. The active community eagerly participated in discussions, moving forward with unity and progress.
Fee Breakdown
Buy Fee of 4%
For every buy, 3% of the fee is distributed among all token holders as a reward in ETH, while the remaining 1% is reinvested into the liquidity pool.
Sell Fee of 4%
When selling, there is a 50/50 split with 2% allocated to dividend rewards and 2% directed towards enhancing liquidity.
Transfer Fee of 4%
During transfers, 2% is earmarked for dividend rewards, 1.75% is allocated to liquidity, and the remaining 0.25% is burned, making the token deflationary overtime.
Dividends
Automatically send to your wallet.
Rewards in ETH base
The DeFi-IRA functions as a dividend rewards token, providing automatic Ethereum airdrops on the base chain for holding the token in your wallet. The percentage of Ethereum received increases with the number of tokens held, drawn from transaction taxes. This Ethereum can be reinvested in more tokens or used to cover monthly expenses, eliminating the need to sell the token for profit.
NestEgg
Project Treasury Flywheel
The DeFi-IRA project created a treasury wallet called NestEgg, housing various yield-generating assets owned by the protocol. The profits generated are utilized to repurchase IRA tokens from the liquidity pool, generating daily buying pressure. Additionally, the treasury receives dividend rewards like any other regular holder, reinvesting the Ethereum to obtain more IRA tokens. This method establishes a continuous monetary cycle, acting as our unique version of a flywheel. The treasury is dedicated to never reintroducing the IRA tokens into the market, ensuring their perpetual security. This strategy enhances the floor price of the IRA token, guaranteeing price appreciation for long-term investment strategies. Consistently DCA'ing over time.
Audited by:
Buy $IRA
$IRA Chart
Learn More
DeFi Daily News