‘ISPO’ is a term that is inescapable for anyone that finds themselves within the Cardano ecosystem. As blockchain technology starts to become a more accessible and universally available network, where smart contract developments enable communities to safely get behind projects and to accelerate their development, with the courtesy of the Cardano Proof of Stake mechanism.
Now, a lot of technical words have already been introduced, but don’t let this deter you from your ability to understand this revolutionary mechanism. Let me break down the term ISPO for you. Initial Stake Pool Offering. In essence, it allows stake delegators to support specific projects that they resonate with, or see the financial benefit within, thus, in turn, raising funds to accelerate project development.
The Proof of Stake method has been favourable in comparison to Proof of Work as it bypasses the requirement for miners to solve complex mathematical sums that are heavily energy-consuming and do not align with global sustainable goals of the future. The Ouroboros protocol ensures unbiased results by having two inputs for the election system. The first one is the multiparty computation system, where a set of stakeholders in the network will perform a computation. The second is by the distribution of Cardano (ADA) through the means of staking.
So what about Flickto?
Flickto utilises the staking protocol for the multitude of benefits open to offer; increasing the number of delegators the pool contains, correspondingly increases the chance of those respective pools to mint blocks. We are proud to announce that we have passed the milestone of over 2000 delegators in the $FLICK pool, an achievement that must be credited to the collective efforts of our community and team in pushing and believing the mission of Decentralised Media (DeMe).
The importance of this is seen in the number of rewards the pool earns from the Cardano protocol. The rewards that the pool receives are cycled back into the community through an improvement in the quality and scalability of our voting mechanism. To name a few, the ability to create a uniquely tailored platform for delegators to view the projects that are offered to vote on is one, with educational resources on how to approach making judgments on the creative projects offered.
With additional resources invested into the process, we want to make this an enjoyable and seamless experience for our community, especially as we have all been subject to the annoyance of scrolling through numerous shows and films on streaming sites without getting an indication of the quality before choosing to watch it. After several minutes of endless swiping, we are left unsure of whether we have chosen the right film and end up in a state of uncertainty and dissatisfaction. Unwinding after a long day doesn’t need to be a tedious process when it comes to choosing a show or film. We don’t want that for you either.
Our staking protocol allows for both the delegator, as well as the project itself to expand and have future opportunities to grow and reward!
Rewards Rewards Rewards!
The BENEFITS OF STAKING with $FLICK.
As some of you will be aware, we recently relaunched our ISPO model, thus meaning investors to our stake pools will receive additional passive royalties in the form of $FLICK tokens. We believe that those who share our vision of Decentralised Media (DeMe), especially for a more diverse and inclusive media space, should be rewarded for their participation as a symbol of appreciation. In light of this, we have increased our token distribution from 0.15 $FLICK to 0.33 $FLICK.
Our rewards don’t just stop here. To find out more about why you should be a part of this growing community, click below;
https://blog.flickto.io/flick-how-does-owning-flick-benefit-you-fc543bbc1ff
