Initial Stake Pool Offering (ISPO)
What is an ISPO and how does it work?
What is an ISPO?
An ISPO is a new fundraising mechanism that allows delegators of a POS (Proof-of-Stake) network to divert staking rewards towards a project of their choice and get project tokens in return. It is an unique mechanism that allows the community to support their favorite project without investing their own assets, but instead leveraging the network's native reward incentive structure. ISPOs are only possible on the Cardano blockchain because of its unique stake pool delegation structure.
An ISPO is a revolutionary new fundraising mechanism that is more fair, inclusive, secure. They fundamentally transform how crypto projects are funded in the future.
Genius Yield's ISPO
Genius Yield is a Cardano-first project, meaning its entire product line has been specifically designed and built to leverage the best of Cardano's unique functionalities, such as its eUTXO architecture and delegation model. Our ISPO is no exception.
Below are some basic ISPO stats.
ISPO Basics
| Name | Value |
|---|---|
16,000,000 GENS | |
15,000,000 GENS | |
1,000,000 GENS | |
December 15th, 2021 (epoch 309) | |
May 10th, 2022 (epoch 338) | |
30 Epochs |
Genius Yield's protocol token isGENS
Win-Win Benefits for everyone
Benefits for participants
Get early access to protocol tokens before the product launch
Get rewarded GENS token without spending ADA (unlike an IDO)
See your favorite Cardano project get funded by "voting" with your delegation
Get extra GENS and win limited-edition Genius NFTs from the Bonus Reward Program (Genius Yield specific)
Benefit for Genius Yield
Raise fund for project development (engineering, R&D, marketing, legal)
Fair public distribution of GENS tokens
Promotes decentralization of GENS ownership
Engage with the Cardano community and foster project excitement
Benefits for the Cardano network
Staking helps secure the blockchain
Increase number of stake pools promotes network decentralization
Fair Public Token Distribution
GENS rewards are computed given four criteria:
How much did you delegate at each epoch?
How long did you delegate for (number of epochs)?
Do you qualify for Bonus Rewards (see GENS Bonus Program)?
What type of pools did you delegate to (50% pools will earn you half the rewards)?
For more details see How GENS Rewards are Calculated
GENS Reward Airdrop
GENS tokens will be airdropped to delegator's wallet after the ISPO completes.
50% airdropped January 1st, 2023
50% airdropped June 1st, 2023
MAESTRO ISPO Partners
We are excited to combine forces with MAESTRO for this ISPO. Their team of experienced engineers will deploy and operate Genius Yield's stake pools and keep the ISPO running smoothly. We are grateful for this collaboration!
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