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ISK

What is $ISK?

As a native token, $ISK is used for all types of services provided within the Iskra ecosystem. $ISK has three key utilities:
  • Exclusive currency to buy Pioneer NFTs: After the 10,000th Pioneer NFT is sold, all remaining Pioneer NFTs are only available for purchase with $ISK.
  • Governance token: Holders are entitled to propose and vote on initiatives that govern the Iskra platform.
  • Key currency: ISK serves all purposes in the Iskra platform. It can be exchanged with other assets and can be used as a form of payment for transaction fees and charges for a variety of other services in the Iskra ecosystem.

Staking Benefits

By staking your $ISK tokens on the Iskra platform, you will receive all of the following benefits:
  • Right to participate in governance proposals and voting: entitled to propose and vote on the Iskra platform’s operation policies
  • $ISK: rewarded with more $ISK tokens in accordance with the Distribution Plan as described in the next section
  • CPs: rewarded with CPs based on a defined formula

Total Supply and Distribution Plan

Y1
Y2
Y3
Y4
Y5
Y6
Y7
Y8
Y9
Y10
Y11
Y12
Y13
Y14
Y15
Y16
Y17
Y18
Y19
Y20
Total Supply
Team
23,333,333
32,000,000
32,000,000
8,666,667
2,000,000
2,000,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
100,000,000
Private Investor
23,333,333
23,333,333
23,333,333
10,000,000
10,000,000
10,000,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
100,000,000
Ecosystem Fund
40,000,000
30,000,000
20,000,000
20,000,000
20,000,000
20,000,000
20,000,000
20,000,000
10,000,000
-
-
-
-
-
-
-
-
-
-
-
200,000,000
Pioneer NFT
200,000,000
100,000,000
50,000,000
25,000,000
12,500,000
6,250,000
3,125,000
1,562,500
781,250
781,250
-
-
-
-
-
-
-
-
-
-
400,000,000
Governance Staking
10,000,000
10,000,000
10,000,000
10,000,000
10,000,000
10,000,000
10,000,000
10,000,000
10,000,000
10,000,000
10,000,000
10,000,000
10,000,000
10,000,000
10,000,000
10,000,000
10,000,000
10,000,000
10,000,000
10,000,000
200,000,000
Yearly Distribution
306,666,667
205,333,333
145,333,333
63,666,667
44,500,000
38,250,000
33,125,000
31,562,500
20,781,250
10,781,250
10,000,000
10,000,000
10,000,000
10,000,000
10,000,000
10,000,000
10,000,000
10,000,000
10,000,000
10,000,000
1,000,000,000
Note: Each Yearly distribution amount is the net amount excluding the lock-up period This table has nothing to do with the actual circulating supply
The total supply of $ISK tokens is 1 billion, subject to the following distribution plan:
  • Team: 10%
  • Private Investor: 10%
  • Ecosystem Fund: 20%
  • Pioneer NFT holders: 40%
  • Governance staking: 20%
Note: The details of allocation and distribution plan are subject to change

Burning Pool

A total of 20% of all platform fee revenue will be reserved in Burning Pool to buy back and burn $ISK tokens circulating in the market. $ISK burning will be done periodically by Iskra Team without prior notice to provide lower price volatility, and the results will be announced subsequently.