INITIAL POOL STAKE OFFERINGS IN CARDANO: Flickto
This article is a subsection of a larger article “INITIAL POOL STAKE OFFERING IN CARDANO: a critical overview”
- 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.
- I recently became an ambassador for Flickto, which is also running an ISPO.
FLICKTO — reviewed by Pratik Doshi
One thing that stood out immediately in comparison to other projects was the clear and well-structured layout of the ISPO in the whitepaper. Following multiple ISPOs for months, it was never this easy to find all relevant details in a single place. They have set a great example for other projects.
Following my normal procedure of manually checking reward calculations, I found that the estimates for the first epochs were 45 times higher than intended. I reached out to alert the team, which in the meantime became aware of the issue and fixed the calculator. To my surprise, they decided to distribute the rewards at those rates as a bonus in a surprise airdrop. Understanding that their mistake could have weighed in on the delegator’s decision to allocate stake to the ISPO, the team chose to honor those expectations. Although unquestionably generous, this decision had direct effects on price shortly after listing, as people realized the value they had in hands. However, this is likely to constitute only a small short-term hiccup on price action.
The ISPO has run smoothly since then. In an uncommon practice, the team distributed the first 10% of the ISPO rewards to its delegators, which typically only receive their rewards sometime after the end of the ISPO’s. Furthermore, the remainder of the rewards were distributed at the beginning of Epoch 319, as the team prepared to launch the remastered version of the ISPO with even more attractive rewards. Essentially the team doubled the baseline reward rate and raised the loyalty bonuses by 5%, extending the ISPO until Epoch 350. See the full ISPO details here.
It’s not the goal of this overview, but I will dedicate a few lines to Flickto, in the quality of ambassador and believer in their mission. Flickto is an incubator seeking to decentralize the media industry and to empower content creators by facilitating production and distribution of their projects (e.g., films, short-films, series, documentaries). Striving for quality content, Flickto uses a team of experts to review submissions and pre-select promising projects that are then voted for production by FLICK holders. Besides opening up a new funding avenue for quality media projects, the model proposed by Flickto envisions a fair distribution of the revenue and generates passive income to FLICK holders.
As expected at this stage in Cardano development, the ISPO landscape is currently dominated by DEX’s and De-Fi, with only a few projects outside of this scope. Flickto is heavily oriented to the community, which is reflected in the percentage of total supply allocated to the ISPO (52%), and ranks among the projects offering the highest reward ratios, which provides a great opportunity for accumulation and diversification. Get some exposure and stake with Flickto [FLICK]. If you are staking in the few ISPO’s ending soon, consider Flickto when looking for a new home and or a partial delegation, so you don’t miss out on the long-term and NFT bonuses. See the full ISPO details here.
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!