MELD — Initial Stake Pool Offering

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MELD

5 min readJun 15, 2021

An ISPO is a liberating new way for investors and the community to support MELD using the Cardano blockchain. Users who wish to participate in our ISPO can delegate their ADA to the public MELD stake pools to start earning the MELD token. Delegators will be rewarded with either 100% MELD rewards OR 50% MELD and 50% ADA rewards depending on the pool chosen.

During the ISPO, MELD LABS will receive either 100% or 50% of the staking rewards generated, either 100% from the MELD1 pool or 50% from the MELD2 pool. As a reward for participating in the ISPO, MELD has allocated 800m MELD tokens to be airdropped within 5 minutes of the MELD protocol launch.‌

We believe the ISPO model is much closer to a fair launch than any other option available and we think this is particularly exciting as it’s native to the core functionality of Cardano.‌

Learn more about delegating ADA to the MELD Cardano node 👉 HERE
Signup for the MELD ISPO 👉 HERE

MELD ISPO Start Date

Start Date: July 1, 2021
End Date: December 8, 2021

The ISPO will end when the MELD protocol launches in Q4.

Participants of the initial offering can delegate any amount of ADA to MELDs ISPs for any chosen duration of the offering. Users will have the ability to unstake their coins at any time. MELD token rewards are calculated for each Epoch (5 days).‌

The criteria for the ISPO delegation is as follows‌:

The amount of ADA tokens delegated
The duration for which the tokens were delegated per epoch‌

ISPO — Stats

For more information on ISPO Stats, visit our ISPO GitBook

Tokens Rewards Released — 800,000,000
Reward Bonuses (After 6 filled ISPs) — 200,000,000 to ISPs from private sale allocation
Minimum Investment — NA
Maximum investment — NA

💰 MELD ISPO Rewards

There are TWO different MELD stake pools, which offer different ratios of MELD / ADA / EPOCH.

There is 800,000,000 MELD available as rewards for the MELD ISPO.
Rewards will be airdropped to your wallet on December 8th, 2021.

MELD1 — MELD ISPO 100% Pool

1 ADA staked = 0.065 MELD per epoch
32 * 0.065 = 2.08

Users who want to earn the MOST MELD tokens per epoch, and wish to forgo their entire ADA rewards can delegate towards the MELD ISPO 100% Pool.

MELD2 — MELD ISPO 50% / 50% Pool

1 ADA staked = 0.0325 MELD per epoch + 50% ADA rewards
32 * 0.0325 = 1.04

Users who still want to earn some ADA rewards while also earning MELD can delegate to MELD ISPO 50% / 50% Pool.

MELD ISPO Total Epochs = 32

If you stake your ADA in the MELD ISP for 1 Epoch, you will receive a reward of 0.065 MELD per 1 ADA staked, OR 0.0325 MELD per 1 ADA staked, depending on which pool you delegated ADA towards. Rewards will be airdropped to your wallet on December 8th, 2021.

🤝Fair Launch

With an ISPO the community can vote with their staking to support MELD and its development. Only ADA holders can contribute to the ISPO as we’re built on the Cardano blockchain.

We wanted to be able to offer the community a comparable way to obtain the MELD token to those participating in our private pre-sale. A principal difference though is that the ISPO launches before the private placement presale commences. To this end, the community and believers in MELD are in fact the first to join.‌

MELD Airdrops

In Q4 2021 MELD will, simultaneously with our protocol launch, airdrop the MELD tokens rewarded to all of our participants in our ISPO.‌

ISPO token, Presale token — Interrelationship

The ISPO token corresponds to the private presale token, thereby democratizing the distribution and value of the initial MELD token prior to the protocol commencing. In this way, we can provide a completely fair and even distribution of tokens between the community and professional investors.‌

⚙️ Stake Pool Mechanics

MELD will set up Cardano stake pools for the purpose of this ISPO, each has a limit of 64m ADA. MELD will begin capturing the number of Epochs for users that have delegated ADA to MELD ISPs on July 1st, 2021. The MELD ISPO will exist for a total of 32 Epochs (December 8th).

NOTE: When the first ISP fills up, MELD will open it’s second, and then third, and so on…

‌Use of Proceeds

Stay Tuned — MELD

We think it’s essential for everyone to gain control of their financial lives and have equal access to financial instruments used by professionals, not just centralized institutions, governments, or the 1%. We want to provide financial freedom and control to the masses, including the unbanked.

We have a long-term goal to enable the $15 trillion that is currently locked out of the global economy, including 2 billion individuals worldwide that are either underbanked or have no access to banking services whatsoever, access to these tools. These are the people that are paying the highest fees, getting the worst customer service, and they are the ones that are having the most problems.

Our vision is to create an ecosystem that empowers individuals to regain financial control by providing them with the tools and services they need to manage their money on their terms. Whether that be creating a collateralized debt position (CDP) with cryptocurrency, earning an interest return for lending fiat to borrowers, or even participating in reward incentive programs, we strive to provide our users with the functions they need to manage their own financial lives.