INFORMATION
GENIUS DEX
GENS TOKEN
ISPO
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 a 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. It will fundamentally transforming how crypto project 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
Total GENS Rewards
💸
10,000,000 GENS
ISPO Launch
🚀
December 15th, 2021 (epoch 309)
ISPO Ends
🛑
June 15th, 2022 (epoch 345)
Duration
⏳
6 months (36 Epochs)
Genius Yield's protocol token is
GENSWin-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:
- 1.How much did you delegate at each epoch?
- 2.How long did you delegate for (number of epochs)?
- 3.
- 4.What type of pools did you delegate to (50% pools will earn you half the rewards)?
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
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www.maestro-pool.com
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!
Last modified 27d ago