ISPO Participation and GENS Rewards
How to participate in Genius Yield's ISPO and be rewarded with GENS token?
The ISPO leverages Cardano’s native stake pool infrastructure and delegation mechanism to enable a fair public token launch.
The more ADA you delegate and the longer you delegate to the ISPO, the more you will earn GENS tokens.
ISPO Participation Requirements
To participate in the ISPO you will need to:
Buy ADA
The easiest way to buy ADA is through a centralized exchange. Exchanges available to you will vary based on the country you live in. Below is a list of some of the bigger exchanges.
Please verify that the exchange you are using is allowed in your country (or state for US residents).
Create a Cardano wallet and transfer your ADA
Current popular Cardano wallets are Yoroi and Daedalus. We recommend using Yoroi as it is the most user friendly.
Our ISPO partners, MAESTRO, have created a step-by-step tutorial on how to create a Yoroi wallet and delegate to a stake pool.
Delegate to a GENS stake pool
Open your Yoroi wallet (mobile or browser app) and select
Delegation ListIn the search bar type:
GENSPick from one of GENS pools below and click
DELEGATE
GENS5 is a fake pool! Do not delegate!
GENS1
100% GENS
Active - Saturated
GENS2
50% GENS / 50% ADA
Active - Saturated
GENS3
100% GENS
Active - Saturated
GENS4
100% GENS
Inactive
GENSX
100% GENS
Active - Saturated
Read more about the GENS4 pool deactivation here.
By delegating to the 100% pool, you will accumulate twice as many GENS tokens compared to the 50% pool. In the 50% pool you are only giving away 50% of your ADA staking reward and therefore accumulate only half of the possible GENS per epoch.
DO NOT DELEGATE TO POOLS THAT ARE NOT LISTED ABOVE! THEY ARE FAKE GENS POOLS! GENS5 IS FAKE!
Do not delegate to a pool with more than 68.4 million ADA. This is considered SATURATED, and you will not earn GENS unless you delegated before the pool was saturated.
Last updated