👨‍💻Initial stake pool offering

What is the initial stake pool offering?

INTRODUCTION

An ISPO is a new fundraising mechanism that allows delegators of a POS (Proof-of-Stake) network to divert staking rewards towards a project of their choice and get project tokens in return. It is a unique mechanism that allows the community to support their favorite project without investing their own assets but instead leveraging the network's native reward incentive structure. ISPOs are only possible on the Cardano blockchain because of its unique stake pool delegation structure.

“ISPO is a new way of token distribution that allows very small retail investors to get very early stage project tokens and for projects to raise funding.”

IRONSKY ISPO

Title	Value
Total ISKY token rewards	Max 50 Million tokens (5% total supply)
ISPO rewards	Max 45 Million tokens
Bonus rewards	Max 5 Million tokens
ISPO start Date	Epoch (367 epoch era) corresponding at to Oct 1, 2022
ISPO End Date	ISPO program or till Total ISKY token rewards are distributed.
Reward airdrop	Base on time release amount Tokens

STAKE POOL FOR ISPO

Following is the stake Pool for the ISPO.

Ticker POOL ID IRONSKY 081a86dedd39b28f9c91fafc77cdeca84a4fd051636fa00215637ec4

Reward Calculation

In this section we try to answer the question, about how the delegation based reward is calculated.

For the base rewards, we follow a simple calculation to translate the delegated amount in ADA to ISKY tokens.

1000 ADA Staked = 2.5 ISKY rewards per epoch ​ for a 100% saturated pool.

=> For every 1000ADA staked 2.5 ISKY will be rewarded per epoch in a 100% ISKY pool.

In addition to the above base rewards, we have a bonus

Benefits

Following are the benefits for the delegator.

1. Leverage the staking mechanism to exchange ADA rewards for ISKY tokens.

2. Get early access to the gameplay in a fair and unbiased way.

3. Automatically accrue ISKY tokens and not have uncertainty as was common for ICO.

4. Not needing to invest your own ADA in order to acquire the tokens.

5. Get extra rewards bonus tokens, in addition to the staking rewards, by staking for a longer period.