KIRA Burns Its Entire Airdrop Reserve: 60 Million Tokens Gone for Good
Today I burned the entire KIRA airdrop reserve: 60,000,000 KIRA, 16.26% of total supply, sent directly from its Team.Finance lock to the Ethereum dead address, where no one can ever access it again.
Those tokens were originally meant for an airdrop to PulseChain sacrifice participants. Here’s why that didn’t happen.
A sacrifice list only shows wallet addresses, not people. One person can sacrifice from hundreds or thousands of wallets, and there’s no reliable way to tell them apart. That risk isn’t hypothetical: on-chain analysts have publicly alleged that roughly $400 million of the ~$410 million ProveX sacrifice was routed through Tornado Cash from wallets linked to its own founder, then split across more than 950 addresses. If anything similar happened in the PulseChain sacrifice, an airdrop could have handed a huge share of KIRA to a single party.
To be clear, many PulseChain sacrificers are real people, and this isn’t aimed at them. We simply can’t tell who’s who, and I wasn’t willing to gamble KIRA’s distribution on it.
So instead of airdropping blind, we burned it. The only people who benefit are the ones already holding. Every holder’s share of KIRA just grew by about 19%.
Where KIRA stands now:
This does not mean we will not have future airdrops. If we do an airdrop in the future, it’ll be designed to reach real people.
Verify it yourself: https://etherscan.io/tx/0xcb1f3048df4dd9079c3e5eb473cd40f38712ec63cb52fb394e519237faab86a2
– Mark