Cardano is, certainly, a megaproject.
The venture guarantees a lot, and issues are starting to come collectively following the activation of sensible contracts a number of months again.
Already, Cardano is by far essentially the most decentralized proof-of-stake community. With the activation of sensible contracting, the general public community is purposeful and set to be probably the most influential chains that will form crypto and blockchain.
What’s Flickto?
Flickto—an organization backed by a registered firm in England, Flickto LTD, has acknowledged the potential of Cardano and is launching their answer on the safe, scalable, and meticulously designed ledger.
The venture is setting its eyes on the multi-billion-dollar media trade and desires to leverage the facility of the neighborhood to change how content material creators—each entities and people—obtain funding.
Particularly, Flickto seems at funding content material creators in numerous specialties—be it in documentaries, reveals, or fiction movies—who initially had no entry to funding due to partitions current in conventional financing setups.
As a media launchpad, the venture will make the most of improvements introduced by the blockchain. With Goguen and sensible contracting, it’s now potential to launch dApps on the Cardano blockchain. Moreover, Cardano helps token staking. It’s a function that might be key to Flickto so far as fundraising is anxious. By selecting Cardano, people might be in a position to stake their ADA in one in all Flickto’s supported swimming pools and be rewarded accordingly.
Nonetheless, it’s potential to make the most of Cardano’s native tokens which might be much more enticing. Utilizing this functionality in Cardano, will probably be potential to develop its neighborhood by rewarding customers whereas permitting the venture builders to work on their sensible contracting capability.
Subsequently, the Flickto venture is launching tokens compliant with the requirements set in Cardano. Central to Flickto would be the FLICK token that primes the Flickto ecosystem. Apart from its sensible perform, token holders may even have the suitable to vote on thrilling tasks.
FLICK Tokens: Particulars
FLICK will listing on numerous centralized and decentralized exchanges.
As such, customers who purchase the token within the ongoing non-public sale stand to reap most advantages from the anticipated capital positive factors. It’s as a result of Flickto is fixing a urgent drawback. Subsequently, its tokens are invaluable as they additional present a cross to the increasing Cardano neighborhood.
In accordance to Flickto, the Private Sale is in progress and concludes by late November 2021. The sale is open to people and accredited traders who want to make investments greater than $500 to buy FLICK, serving to make a venture a actuality.
FLICK token holders may also obtain NFT airdrops from media tasks using the Flickto launching pad. So far, Flickto has accomplished two main airdrops for eligible token holders.
Being a user-centric venture, FLICK holders obtain a share of the venture’s revenue distribution program whereas freely consuming media content material from tasks they assisted in funding.
However, content material creators utilizing the Flickto launching pad will trustlessly acquire entry to funds from the neighborhood and even obtain direct suggestions from the neighborhood contemplating their plans.
In all, the Flickto launchpad might be a game-changer for content material creators throughout the globe. From launch, the Cardano-based venture goals to empower content material creators and concurrently create a collaborative surroundings the place contributors reap the rewards.
Initial Stake Pool Offering (ISPO) to Distribute 2 Billion FLICK Tokens
For sustainability, the venture is tapping the staking functionality provided by the Cardano blockchain to implement their Initial Stake Pool Offering (ISPO) mannequin. The event workforce settled on this mode of venture financing because it additionally allowed for delegation. There might be a complete of 5 billion FLICK tokens.
Two billion are locked within the ISPO and might be distributed to ADA stakers. So far, there are over a million lively ADA staked from greater than 200 delegators since launch on November 1.
Within the major part that may final 32 Epochs via to April 10, 2022, the bottom reward is about at 0.15 FLICK per ADA stake per Epoch. Token vesting will start on January 5, 2022, the place the venture will vest 10 p.c of the entire accrued tokens. Afterward, from Might 5, 2022, the entire vesting proportion will rise to 20 p.c.
Within the secondary part, the reward ratio will cut back each Epoch till all FLICK tokens are distributed. The discount ratio will range from 0.01 to a minimal of 0.02. As soon as the token distribution is full, their ISPO dashboard will point out out there reserves.
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