Hey everyone! It’s day 12 of the ISPO and the attraction and community support thus far have been tremendous. With over 5300 participants supporting the protocol, looking to get some MELD, there have been lots of questions and engagement coming from all avenues.
This article was written to help clarify some important aspects of the ISPO and will be covering the following topics:
- Current MELD Stake Pools
- Total MELD Stake Pools
- FAKE MELD4
- MELD Allocated to ISPO
- How Many Stake Pools Exist In The Cardano Community?
- What Will The ISPO Funds Be Used For?
Useful articles to get up to speed!
What is the MELD ISPO 👉 HERE
How to Participate in the MELD ISPO 👉 HERE
NEW — MELD ISPO Rewards 👉 HERE
Current MELD Stake Pools
MELD1 — MELD2 — MELD3 — MELD5 — MELD6
At the time of this writing, these are the live pools that users can delegate to earn MELD! Please DO NOT delegate to pools at, or near saturation (64m ADA). You will still receive the same amount of MELD, regardless of pool saturation levels
Total MELD Stake Pools
MELD7 — MELD8 — MELD9
We have claimed pools 7, 8, and 9 to ensure no one else can steal our tag (like what happened with MELD4). We will commit a full pledge (20k ADA) to each of these pools as we approach saturation in the previous pool.
⚠️ FAKE MELD4 ⚠️
We have already been in contact with IOHK and other sites to take down this pool and just received confirmation that the pool will be taken down and expiring on Epoch 278. We will then be able to claim the pool as our own. Do not interact with MELD4 until we have made an announcement that it is safe and operational!
As for now MELD1–9, excluding MELD4, are legit, until further updates…
MELD Allocated to ISPO
There is 800 000 000 MELD with a potential 200m more MELD coming from the private sale if we fill up 7 stake pools. Any MELD that is not distributed during the ISPO will be used for community incentives and platform participation.
What Will The ISPO Funds Be Used For?
The bulk of the proceeds captured from the ISPO will be going towards Engineering and Marketing initiatives as we ramp up to our protocol launch come Q4. Specifically for engineering, we are in the process of sourcing the BEST engineers and security researchers to join Hai and the current MELD development team.
We plan on exercising capital efficiency in all areas of MELD, and that includes the funds raised from the ISPO.
Once the MELD protocol is live, we’ll deposit the raised ADA as collateral to borrow fiat to fund development. With the collateralized ADA still being delegated somewhere, either to our own pools, or others to support the ecosystem.
We have no plan on selling any of the proceeds raised.
More information can be found in our Whitepaper
How Many Stake Pools Exist In The Cardano Community?
There are 2700 active Cardano stake pools, as of this writing, and we currently have 5 live stake pools, with a max of 8 we could implement. The MELD stake pools equate to 0.03% of the entire network currently.
We do understand the fact that we have attracted a lot of ADA in quite a short period of time to our stake pools, and the effect this has had on smaller pool operators. We are actively looking for ways of collaboration and cooperation with the community and are open to start the discussion, not just for us, but for the future of ISPOs and the overall effect they will have on stake pool operators. This will be a pressing issue in the years ahead and we want to be a part of the solution, not the problem. We have some ideas in the works currently but any outside input is always welcomed, of course!
In the end, this protocol will be yours, and we want to ensure it's created in a way the community sees fit!
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.
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