Tosidrop Claim Instructions — Orcfax ISPO Rewards

5 min readSep 14, 2023

The Orcfax oracle project launched its Initial Stake Pool Offering (ISPO) in the Cardano blockchain’s 400th epoch. An ISPO is a fund-raising mechanism that is popular within the Cardano blockchain community. The basic principle is that ADA delegators forgo their ADA staking rewards each epoch (5 days) in return for a proportionate share of a particular Cardano native token. In Orcfax’s case that is $FACT, the utility token used for fees, staking, and rewards in the Orcfax decentralized oracle pool network.

The Orcfax ISPO successfully concluded in epoch 413, and the Orcfax pool retired in epoch 424. To conclude this phase, Orcfax published both an ISPO Retrospective and a dashboard breaking down the ISPO.

ISPO rewards

Orcfax’s utility token FACT counts a total of 1 Billion tokens, minted on the Cardano blockchain. 10% of the total supply has been set aside for delegators who have delegated their ADA in the FAX ISPO pool.

How will reward distribution work?

100M $FACT will be made available to delegators via TosiDrop within a 6 month vesting period. Participants will be able to claim 1/6th of their rewards each month. The token distribution for delegators begins at Epoch 437 and concludes at Epoch 467.

Delegators may opt to let their rewards stack up and claim the entire accumulated amount at the end of the 6-month vesting period. This option provides the flexibility to receive the rewards in one lump sum at the conclusion of Epoch 467. When the tokens are unlocked, you can decide if you want to claim them directly or let them stack and claim them later. Please note that the final epoch to claim your rewards is Epoch 510!

How can I claim my tokens?

You can claim your tokens by either connecting your wallet or sending a manual transaction. The easiest way it to connect your wallet to Tosidrop.

Go to tosidrop.io
Connect your wallet or paste your wallet/stake address
Important: you need to use the same wallet with which you delegated to our ISPO

Connect your wallet and click “Check my rewards”

3. Click on the button Check my rewards

4. Tosidrop searches for allocations tied to your wallet address

5. Search and select the $FACT token in your dashboard
Important: your FACT rewards will only appear in your Tosidrop interface starting from epoch 437, they will not be visible before then

6. Go to the bottom of the page and select Claim my rewards

7. You can claim your rewards by (a) clicking the Send ADA or (b) making a manual transfer to the Deposit Address.

a) If you connected your wallet, a Send ADA button will appear. By clicking on this button, your wallet interface will open. Follow the instructions in your wallet interface.

b) Send a manual transaction to the Deposit Address that shows in your own dashboard. You must send the transaction from the same address as you delegated to our ISPO with.

8. Tosidrop sends your $FACT tokens to your wallet address

Tosidrop Fees

For tokens that use TosiDrop services, there is a 1.14₳ service fee.. Typically, TosiDrop will require the user to send 3.5₳; you will receive ~2₳ back. The other fees (~0.36₳) are incurred by the Cardano network. More info about the fees.

Yield Farming Rewards

If you’re interested in providing liquidity for the protocol, we have allocated 20,000,000 FACT tokens to significantly enhance the attractiveness of our liquidity pool(s) by offering substantial Yield Farming Rewards to our liquidity providers. We expect double digit yield farming APYs and corresponding opportunity to earn more FACT tokens.

In order to further improve the benefits of providing liquidity to our pool farm, Wingriders is also adding WRT token rewards to our pool. The details of this double (FACT + WRT) Yield Farming rewards will be available on the Wingriders DEX as we switch into epoch 437 on 17th of September 2023. Users will have 1 epoch to deposit their liquidity to the Liquidity Pool and their LP tokens to the Farm (i.e. until 22nd of September 2023) to be eligible for rewards from epoch 438. Of course, it’s also possible to provide liquidity later on.

Besides our initial liquidity pool on Wingriders, we will also add an additional liquidity pool with corresponding Yield Farming rewards on Minswap.