INITIAL POOL STAKE OFFERINGS IN CARDANO: AADA Finance

by THE.ONE.OR₳CLE

This article is a subsection of a larger article “INITIAL POOL STAKE OFFERING IN CARDANO: a critical overview”

Disclaimers

1. This is not financial advice. I have no training whatsoever in the finance sector and I am in no way or capacity a licensed financial advisor.
2. I recently became an ambassador for Flickto, which is also running an ISPO.

AADA Finance — reviewed by Ovidijus

This project underwent significant changes in its tokenomics, heavily reducing its total supply from 100M (v1) to 35.75M (v2) and then to 29.5M (v3), which had little to no impact on the project itself, since it was announced before AADA tokens were in circulation. It did, however, greatly impact the ISPO’s reward rates in terms of total supply earned per epoch, which were not adjusted in proportion, meaning a direct increase by a factor of 3.39 across the board. What a lucky twist for its delegators.

The changes in the tokenomics caused some confusion due to the existence of two AADA tokens in circulation — v1 from the private sale and v2 from the public sale at SundaeSwap. Currently, the team is in the process of converting v1 tokens to v2 tokens, using a smart contract. AADA v2 tokens are the tokens from the version 3 of the tokenomics, which got many people confused, but everything is thoroughly explained by the team in their post.

The team showed great sensibility by moving the delegator Silver sale and reworking it entirely, moving away from the first come first served system used in the Golden sale. Allocation was guaranteed and the maximum was equal to any of the eligible delegators manifesting interest in the Silver sale. A great change that allowed everyone to acquire tokens within a very comfortable time window, in a smooth process that used NFT’s to verify eligibility. With a few days of delay, delegators can now redeem their NFT’s for the AADA tokens bought in the Gold and Silver sales. See the article for details here.

The rewards calculator underwent some improvements recently and provides a breakdown per epoch. More interestingly, the delegators have access to the record of everyone participating in the ISPO in a clear effort for transparency.

Figure 7. Percentage of total supply earned per epoch with 1M ADA staked. The reward rate and bonuses in tokenomics v1 with 100M total supply (baseline, +7% and +10%) are shown in the bottom. The NEW reward rate and bonuses in the tokenomics v3 with 29.5M total supply (baseline, +7% and +10%) are shown at the top.

Contribute
It took over six months of closely following ISPO’s to put this together and ultimately for the benefit of the whole Cardano community. Please contribute. Funds raised will be used to buy an engagement ring. Wish me luck!

$the.one.oracle
addr1qxs2x27m7r5kjdymm8tgn07w9tq234sx80yn3eq596y2k0m57qk5qmtlefxnc488tzc0vwsz4z26xuhl5dgaqelgcs9sl9665p