Flickto announces a new reward system for ISPO Remastered

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For any­one who finds them­selves in the Car­dano ecosys­tem, the phrase ‘ISPO’ is unavoid­able. With the help of the Car­dano Proof of Stake mech­a­nism, blockchain tech­nol­o­gy is becom­ing a more acces­si­ble and scal­able net­work, where smart con­tract devel­op­ments enable com­mu­ni­ties to get behind projects and expe­dite their devel­op­ment safely.

With only 25 EPOCHs remain­ing, Flickto’s ‘ISPO Remas­tered‘ has done excep­tion­al­ly well, and the team is pleased to report that the stake pool has now reached approx­i­mate­ly 50 mil­lion ADA! As a way of appre­ci­a­tion and thank­ing del­e­ga­tors and future del­e­ga­tors, Flick­to is announc­ing new rewards for their ISPO Remas­tered! The new rewards will be in the form of a snap­shot of the last 25 EPOCHs remain­ing, and we’ll go over how the new sys­tem works in this article.

Before we get start­ed, it’s essen­tial to under­stand that these addi­tion­al incen­tives are in addi­tion to the cur­rent rewards sys­tem; hence, the cur­rent bonus FLICK rewards you’ll receive from ISPO Remas­tered will remain the same. Flick­to is sim­ply increas­ing the rewards for all del­e­ga­tors, as a way of say­ing thanks, pro­mot­ing decen­tral­iza­tion and improv­ing rep­re­sen­ta­tion for their first round of voting. .

As you may be aware that Flickto’s cur­rent rewards sys­tems work in the struc­ture of:

ISPO Remas­tered began: EPOCH 321 (Feb­ru­ary 14, 2022)

ISPO Remas­tered ends: EPOCH 353 (July 24, 2022)

Base Rewards:

  • 0.33 FLICK per ADA per EPOCH staked
  • 1 NFT every 5 EPOCHs (100 ADA min­i­mum stake)

The reboot­ers

  • This group will receive NFTs at the end of the ISPO Remastered
  • % Bonus FLICK
  • Ear­ly access to NFTs

Long term del­e­ga­tors bonus 

  • 20% when staked for 30 EPOCHS
  • 15% when staked for 25 EPOCHS
  • 10% when staked for 20 EPOCHS

So, what are the new rewards com­ing to ISPO Remastered?

NEW SNAPSHOT BONUS?

Start­ing on March 21, 2022, Flick­to will imple­ment a new bonus sys­tem across the remain­ing 25 EPOCHs of ISPO Remas­tered. It will be deter­mined by how long you spend in the stake pool. Flick­to will take a snap­shot of each EPOCH and track how long del­e­ga­tors retain their ADA in the pool for the remain­ing period.

Flick­to will intro­duce a new set of base rewards for peo­ple who stake with the project for over 25 EPOCHs, and it will be in the form of:

  • 5 EPOCHs Staked = 0.4 FLICK per ADA per EPOCH staked
  • 10 EPOCHs Staked = 0.5 FLICK per ADA per EPOCH staked
  • 25 EPOCHS Staked = Undis­closed Bonus  (Mys­tery? With rewards > 0.5 FLICK)

That’s right; Flick­to is increas­ing the base rewards. This will be imple­ment­ed retroac­tive­ly to all del­e­ga­tors dur­ing ISPO remas­tered. So, if you were one of Flickto’s ear­li­er ISPO reboot­ers, or if you were a part of ISPO remas­tered from the begin­ning, you’re also eli­gi­ble for this bonus!

Del­e­ga­tors who have been del­e­gat­ing with the project for over 25 EPOCHs will be eli­gi­ble for a sur­prise bonus. Del­e­gates will get a base reward for the remain­ing 25 EPOCHS, which we will unveil at the end of our ISPO. Stay­ing com­mit­ted with the Flick­to pool is pos­si­bly the best option if you want to ensure you get the finest poten­tial rewards from ISPO Remas­tered.

Check out Flickto’s Twit­ter han­dle for more infor­ma­tion and lat­est updates.

Dis­claimer: This is a paid post and should not be treat­ed as news/advice.

 

 



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