What is an Initial Stake Pool Offering (ISPO)?
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 here.
What is the Cardano Blockchain?
Cardano is a blockchain platform for changemakers, innovators, and visionaries, with the tools and technologies required to create possibility for the many, as well as the few, and bring about positive global change.
Ada is a digital currency. Any user, located anywhere in the world, can use ada as a secure exchange of value – without requiring a third party to mediate the exchange. Every transaction is permanently, securely, and transparently recorded on the Cardano blockchain.
Every ada holder also holds a stake in the Cardano network. Ada stored in a wallet can be delegated to a stake pool to earn rewards – to participate in the successful running of the network – or pledged to a stake pool to increase the pool’s likelihood of receiving rewards. In time, ada will also be usable for a variety of applications and services on the Cardano platform.
Further information can be found on the Cardano website: https://cardano.org/what-is-ada#what-is-ada
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Video Tutorial Pending
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