Nov 21, 2022
The First MAYZ’s ISPO
Introduction
We are pleased to announce the launch of MAYZ’s ISPO. The Initial Stake Pool Offering (ISPO) is an innovative mechanism that allows delegators of Cardano’s Proof-of-Stake (POS) network to engage as early adopters in new protocols, receiving protocol governance tokens as rewards from the delegation. ISPO is a mechanism that is unique to Cardano’s blockchain.
MAYZ’s ISPO
MAYZ is a decentralized protocol that aims to create indexes of the Cardano ecosystem, enhancing blockchain and allowing the flow of wealth and capital within the network. To perform the first ISPO, MAYZ is associated with the [1MATE] pool, TosiDrop, RatsDAO, and Onesies NFT collection. The MAYZ´s ISPO will last 55 epochs, starting at epoch 378.
- [1MATE] pool will make available its infrastructure to manage this new phase of financing the MAYZ Protocol.
- TosiDrop will provide the mechanism for delegators to claim $MAYZ token when the claim window opens.
- The RAT Token will be boosting rewards as follows:
- RAT 5,000 to RAT 10,000: +8% rewards
- RAT 10,001 to RAT 25,000: +12,5% rewards
- RAT 25,001 or more: +25% rewards
RAT Token Policy ID: d5dec6074942b36b50975294fd801f7f28c907476b1ecc1b57c916ed
- Onesies CNFT collection will be boosting rewards as follows:
- 2 to 5 Onesies: +15% rewards
- 6 to 10 Onesies: +27,5% rewards
- 11 or more Onesies: +50% rewards
Onesies Policy ID: e97a1fdfdac2c03b7dd3195e8781f6569755bcf8035a4a54955d210b
- The RAT Token boosting rewards and the Onesies boosting rewards sums up.
We will take a snapshot of all the wallets delegating in [1MATE] and calculate the corresponding $MAYZ to be awarded.
The following table shows the comparison between participating in the MAYZ´s ISPO and the average traditional delegation in a stake pool. We can see an increase of 57% as we are among the first participants in the ISPO. Similarly, we can observe the rise in APY for being a holder of Onesies NFTs and RAT tokens:
There are 4 Tiers of delegators with an increase APY in $MAYZ
- 1 ADA to 3,000,000 ADA: 57,14%
- 3,000,001 ADA to 12,000,000 ADA: 42,86%
- 12,000,001 ADA to 36,000,000 ADA: 28,57%
- 36,000,001 ADA to 60,000,000 ADA: 14,29%
Depending on the following variables, the $MAYZ rewards will be calculated every epoch:
- Amount of ADA delegated
- Amount of RAT held
- Amount of Onesies NFT held
What is [1MATE]?
[1MATE] represents the team of collaborators formed: Simple guys like you getting involved and committing to embrace this new world and this paradigm shift. That’s why one of our projects is to help provide security, support, and decentralization to the Cardano Network to build and maintain a Staking Pool.
What is TosiDrop?
TosiDrop is a token distribution platform in Cardano and Ergo.
What is RatsDAO?
RatsDAO is the first Decentralized Autonomous Organization on the Cardano Blockchain that purchases blue-chip NFTs. Democratizing the access to blue chip NFTs by joining forces and capital for acquisition and then employing financial innovations that allow us to accrue rewards for the benefit of DAO members.
What is Onesies?
Onesies it’s the first collection of Rats-Lab, a 3,333 series of the highest quality 3D Art on Cardano. Onesies Collection
ISPO information
- Start date: November 26th, 2022 (epoch 378).
- Completion date: August 28th, 2023 (epoch 433).
- $MAYZ Claim Open Date: September 28th, 2023.
- The rewards will be distributed in 5 monthly stages depending on the delegator’s loyalty:
100% to 81%: September 28th, 2023
80% to 61%: October 28th, 2023
60% to 41%: November 28th, 2023
40% to 21%: December 28th, 2023
20% or less: January 28th, 2024
- Operation for 55 Epochs (1 epoch = 5 days).
- The $MAYZ reward will be calculated at the end of each epoch.
- The $MAYZ claim will be made using the TosiDrop platform.
- In the case of pool saturation (ADA 60,000,000), another one will be open.
- [1MATE] Stats
Join our Discord for more information HERE
Twitter: https://twitter.com/MAYZProtocol
Website: https://mayz.io/
