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# System prepended metadata

title: Promethios Retrospective Part 1 - July 7th 2023

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It's been six weeks since our launch. Let's talk about what we've done, where we are now, and what to focus on next.

Table of Contents
[Toc]


## Airdrop by the Numbers


- 1200 claims and referrals using the [Airdrop Signal Contract](https://etherscan.io/address/0xc53de7b2248fc2cb3ee0aa1c2fe6ebb80a78c6b8)
- 817 Airdrop claims
- 438 referrals across both chains
- 3,017,072.92 FIRE claimed on Arbitrum
- 516,626.16 FIRE claimed on Optimism



You can see we most of our community choose Arbitrum; we did not do an Airdrop on Mainnet because the gas cost is prohibitive. 

## Token Distribution

We launched on Ethereum, Arbitrum, and Optimism with a starting supply of 150 million tokens. That is 50 million per chain. Our launch distribution across all chains is as follows.

![](https://hackmd.io/_uploads/By5kZZqF3.png)

![](https://hackmd.io/_uploads/H1Q3ZZ9tn.png)

Strategic Reserve
 ~ Funds earmarked for Partnerships and Liquidity Incentive Programs   

Team Treasury
 ~ Allocation to inital team memebers
 
Fire Liquidity
 ~ Active FIRE liquidity managed by the team
 
wFIRE Liquidity
 ~ Funds to provide future liquidity for wFIRE

Seed
 ~ Inital funding to launch the protocol.

Patron Degens
 ~ Original Buyers of Patron Degen NFTs of Based.Money

Direct Liquidity 
 ~ Funds Directly provided into liquidity at launch
 
Protocol Guild
 ~ Allocation to donate funds to Ethereum Core Development 

## State of the Community
We've launched our website, twitter, and telegram channels. 

1. Active community in our telegram with over 1000 members: https://t.me/promethios_main
2. Our contract code is published on github: https://github.com/Promethios-Fire/Promethios-contracts
3. Website: www.promethios.com
4. Twitter: https://twitter.com/promethios_fire

## State of the Protocol
All core contracts for the protocol are live.

### FIRE - 0xB25EA095997F5bBaa6cEa962c4fBf3bfc3C09776
Fire is the core rebasing token. It targets 1 Cent. Fire has a variable supply but a stable price.

### wFIRE - 0x1A7383700eE220C5efC0Ffe5772Fbd490c8614B7
wFIRE is FIRE with rebasing abstacted away. We use this when rebasing would break composibility with other contracts. wFIRE has stable supply, but variable price.

### veWFIRE - 0xC8e5aB4a8DC74163481eF67366D6d266a81C8b90
The most recent addition to the protocol. veWFIRE is how we distribute profit sharing to token holders. You deposit FIRE into the veWFIRE staking contract (0xb54638d35b9e246CDcbEdaFb511B7306CAE841c1). You earn veWFIRE overtime up to a cap of 100x the amount of Fire you staked.

You can withdraw the underlying FIRE at any time, but you lose all of the veWFire you have accrued.

We have more instructions on the website on how to stake your FIRE and start earning rewards.


## Next
With the core setup and launch complete. Next article I'll focus on next steps and where we go from here.

Including a few teases of upcoming partnerships.

