# ISPO Participation and GENS Rewards

The ISPO leverages Cardano’s native stake pool infrastructure and delegation mechanism to enable a **f*****air public token launch*****.** 

{% hint style="success" %}
**The more ADA you delegate and the longer you delegate to the ISPO, the more you will earn GENS tokens.**
{% endhint %}

## ISPO Participation Requirements

To participate in the ISPO you will need to:

1. [<mark style="color:blue;">Own or buy ADA</mark>](#buy-ada)
2. [<mark style="color:blue;">Have your ADA stored in a Cardano wallet</mark> ](#create-a-cardano-wallet-and-transfer-your-ada)
3. [<mark style="color:blue;">Delegate to Genius Yield's ISPO stake pools</mark>](#undefined)

### 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.

* [<mark style="color:blue;">Coinbase</mark>](https://www.coinbase.com/)
* [<mark style="color:blue;">CoinbasePro</mark>](https://pro.coinbase.com/)
* [<mark style="color:blue;">Kraken</mark>](https://www.kraken.com/)
* [<mark style="color:blue;">Kucoin</mark>](https://www.kucoin.com/)
* [<mark style="color:blue;">Binance</mark>](https://www.binance.com/)
* [<mark style="color:blue;">Crypto.com</mark>](https://crypto.com/)

{% hint style="warning" %}
Please verify that the exchange you are using is allowed in your country (or state for US residents).
{% endhint %}

### Create a Cardano wallet and transfer your ADA

Current popular Cardano wallets are [<mark style="color:blue;">Yoroi</mark>](https://yoroi-wallet.com/#/) and [<mark style="color:blue;">Daedalus</mark>](https://daedaluswallet.io/). We recommend using Yoroi as it is the most user friendly.

Our ISPO partners, [<mark style="color:blue;">MAESTRO</mark>](http://www.maestro-pool.com/index.html), have created a *step-by-step tutorial* on how to create a Yoroi wallet and delegate to a stake pool.

&#x20;:arrow\_forward: [<mark style="color:blue;">Yoroi Wallet Step-by-Step Guide</mark>](http://www.maestro-pool.com/blog/micro_blog_1/)

### Delegate to a GENS stake pool

1. Open your Yoroi wallet (mobile or browser app) and select `Delegation List`
2. In the search bar type: `GENS`
3. Pick from one of GENS pools below and click `DELEGATE`

{% hint style="danger" %}
**GENS5 is a fake pool! Do not delegate!**
{% endhint %}

| Pool Ticker | Type               | Status             |
| ----------- | ------------------ | ------------------ |
| 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 |

{% hint style="info" %}
Read more about the GENS4 pool deactivation [<mark style="color:blue;">here</mark>](https://geniusyield.medium.com/genius-yield-ispo-update-88021206726a).
{% endhint %}

{% hint style="info" %}
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.
{% endhint %}

{% hint style="danger" %}
**DO NOT DELEGATE TO POOLS THAT ARE NOT LISTED ABOVE! THEY ARE FAKE GENS POOLS! GENS5 IS FAKE!**
{% endhint %}

{% hint style="warning" %}
**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.**
{% endhint %}


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