Announcing Foreon Network’s ISPO

Foreon Network’s ISPO kicks off on Epoch 433 and you can start staking your ADA from today to participate in the very first snapshot and start accumulating $FRN Tokens.

Foreon ISPO Details:

Pool name: Foreon Stake Pool

Pool ticker: FRN

Pool ID: 10ecebfb1bbb0d1132c41952f9de613431d4fef626b2de8050e1a80b

Pool Owner: Foreon Network

Pool margin: 99%

Start Date and Duration: The ISPO begins on Cardano epoch 433 (28th August 2023) and will run until all the 2.5 million allocated $FRN tokens are distributed.

Reward formula: 1 $FRN for every 2000 ADA staked (excluding boosted rewards per epoch)
Distribution: 2.5 million $FRN tokens (25%) will be earned during the Foreon ISPO.

To participate in the very first snapshot, you should delegate your stake before epoch 433 starts on 28th August 2023.

Boosted Rewards

Our ISPO includes a boosted reward bonus for Foreon NFT holders, and the longer you stake with the Foreon ISPO, the more $FRN tokens you will receive.

This means that if you hold a Foreon NFT on the same wallet you are using to stake on Foreon ISPO, you will be eligible to earn bonus rewards.

So for example, if you stake 200,000 ADA to Foreon ISPO pool for the entire duration of the ISPO and you have 1 Foreon NFT in the wallet, you will receive a 5% boost to your original staking rewards. So if you have 5 NFTs in the wallet, you will be entitled to a 25% boost to your original staking rewards.

Non NFT holders who stake for the entire duration of the ISPO will also be eligible for a 20% bonus.

This means that if you hold a Foreon NFT and stake for the entire Duration of the ISPO, you will be entitled to a 15% boost as the longer that you stake with the Foreon ISPO, the more $FRN token rewards you will receive.