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09/04/2023

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Foreon Network’s Initial Stakepool Offering (ISPO) Is Live!

Exciting News! Foreon Network’s ISPO is Now Live and almost 8 million $ADA has been delegated so far!

Foreon Network’s Initial Stakepool Offering (ISPO) Is Live!

Exciting News! Foreon Network’s ISPO is Now Live and almost 8 million $ADA has been delegated so far!

Epoch 433 marked the beginning of an incredible journey with Foreon Network’s Initial Stakepool Offering (ISPO)!

You can stake your #ADA, accumulate $FRN Tokens as you participate in our ISPO.

Here is our Pool ID: 10ecebfb1bbb0d1132c41952f9de613431d4fef626b2de8050e1a80b

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.

If you are having issues delegating from @eternlwallet wallet, you can visit the #ISPO pool on http://Pool.pm and click on join.

Reward Calculation
The reward distribution is straightforward: 1 $FRN token for every 2000 ADA staked per epoch (Excluding the bonus rewards).

So far we have gotten almost 8 Million ADA delegation and we have more good news for the boosted Rewards as we’ve revised the boosted reward bonus for Foreon NFT holders to an impressive 10% for each Foreon NFT held.

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 10% boost to your original staking rewards. So if you have 5 NFTs in the wallet, you will be entitled to a 50% boost to your original staking rewards.

Stake with the Foreon ISPO, and the longer you stake, the more $FRN tokens you’ll earn.

Revised Roadmap

The Foreon Network team is working diligently to refine and enhance our project roadmap. We believe in transparency, continuous improvement, and delivering the best possible experience to our community.

As you know, we embarked on our journey with the intention of building with Haskell. However, after careful consideration and assessment, we made the strategic decision to switch to Aiken. Aiken aligns more seamlessly with the promising future of Cardano’s development landscape, ensuring our platform’s long-term success.

We must acknowledge that our initial proposed roadmap was overly optimistic, and some crucial details slipped through the cracks. We’re addressing these challenges head-on to optimize our project’s trajectory. Specifically, we’re revisiting aspects like the NFT Bonds Vesting period, ISPO tokens Vesting period, and streamlining information about Foreon Network.

Our commitment remains unwavering — to create a decentralized prediction market platform that stands as a beacon of innovation on the Cardano blockchain. Your trust and support drive us to continuously refine and deliver the best possible product.

Stay tuned for our revised roadmap, where we’ll provide a clear, comprehensive, and realistic vision of the journey ahead. Together, we’re forging the future of decentralized predictions.

Warm regards,

The Foreon Network Team 

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Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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