CSWAP ISPO Overview
General information about what an ISPO is and some of the details of the CSWAP ISPO.
An Inital Stake Pool Offering (ISPO) is an exciting, popular and new way of raising funds for crypto projects that is unique to Cardano.
ISPOs work by enabling delegators of Proof-of-Stake networks to divert their staking rewards to the project they’re supporting and, in return, they receive project tokens. So by staking your ADA in one of our staking pools, you will receive CSWAP tokens instead of ADA rewards.
The biggest benefit of the ISPO model is that, unlike most other crypto fundraising models, it enables project supporters to participate and receive tokens while keeping their funds secure in their own wallets.
As well as being more secure for participants, the ISPO is the fairest and most inclusive method of launching and funding a project.
Those who wish to participate in this program can safely delegate their ADA to one of our official ISPO Staking Pools to earn CSWAP tokens. More detailed instructions can be found here: Participating in the CSWAP ISPO.
All funds raised via the CSWAP ISPO will go towards developing the CSWAP ecosystem.
There are several strong reasons why you should get involved in the CSWAP ISPO:
To earn CSWAP tokens
To passively market the project.
To help create a strong floor value for the CSWAP token.
To help the team stay funded or even accelerate progress.
To provide overall value to the project.
ISPO Rewards: 62,500,000 CSWAP
Bonus Rewards: 10,000,000 CSWAP
Start Date: Q4 2022
End Date: TBD 2023
Duration: Minimum of 36 Epochs
Early delegators will get additional rewards that can be up to 50% more than the nominal rewards.
These bonus rewards will be based on how saturated the staking pools are, with the bonus percentage trending lower the more saturated a pool gets.
The earlier you delegate, the higher your percentage return will be.
The current epoch's bonus percentage can be viewed on the ISPO dashboard.
Special events may bump up the bonus temporarily so watch our socials and announcement channel so you won't miss the occasion.
Holding multiple CSWAP NFTs will enable the holder to multiply the amount of CSWAP they can earn through the ISPO.
Stacking NFTs can earn you up to an extra 43% of ISPO rewards.
The NFT stacking formula is designed to be anti-whale, thereby making the rewards multiplier more accessible to the whole community. Details on the formula used and how to maximise your rewards can be found here.
Those who delegate for a minimum of 10 epochs will be whitelisted to either mint an exclusive free NFT after the ISPO has concluded, or receive a heavy discount on one of our upcoming NFT sales. Details will be announced later.