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06/17/2022

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GADA Finance is launching its Initial Stake Pool Offering (ISPO) Starting on June 29, 2022

Being the first permissionless and community-governed launchpad on Cardano, we intend to raise funds through a public ISPO which will enhance the Cardano ecosystem.

GADA Finance is launching its Initial Stake Pool Offering (ISPO) Starting on June 29, 2022

Being the first permissionless and community-governed launchpad on Cardano, we intend to raise funds through a public ISPO which will enhance the Cardano ecosystem.

Announcing GADA Finance’s ISPO.

GADA is proud to announce the planned launch of its Initial Stake Pool Offering (ISPO) scheduled to begin from June 29th, 2022, (Epoch 348) to November 26th, 2022 (Epoch 377) and will last 30 Epochs.

The first snapshot will be at the beginning of Epoch 348.

As we will use live stake to calculate reward, people will need to stake during Epoch 347 starting June the 24th 21:45 UTC to be eligible for the first rewards on Epoch 348.

During the 5 months of ISPO period, GADA will distribute 750.000 $GADA equivalent to 15 percent of the total supply of 5 million tokens, to ADA delegators.

The GADA ISPO will use the current GADA Finance ISPO Pools: GFIN1 and GFIN2.

Both pools will be 100% $GADA rewards.

How to participate in GADA Finance’s ISPO ?

Users who wish to participate in the ISPO can delegate their ADA using a Cardano wallet (YoroiGerowalletNamiWalletDaedulus, etc.) or via pool.pm to the public GADA stake pools (tickers: GFIN1 and GFIN2) for any period which they choose. Depending on the duration and quantity of ADA staked delegators will be rewarded GADA tokens.

GADA token rewards are calculated for each Epoch (5 days).

To participate in the ISPO you will simply need to delegate to GADA’s stake pools. In return, you will be rewarded with $GADA tokens based on the amount of ADA staked and the length of staking. For more details see our ISPO documentation.

FAQ’s

When will I receive my GADA rewards?

$GADA rewards will be airdroped to delegators’s wallet address after the completion of the ISPO. The rewards will be airdropped 25% at a time in the end of each quarter during a year period.

What if a GADA pool gets saturated?

GADA will create new pools as needed to handle saturation. As of now, pool saturation is at 60 million ADA.

How will GADA rewards be calculated?

The rewards will be both proportional to the amount delegated and the duration of the delegation. In other words, the more ADA you delegate and the longer you delegate the more you will earn GADA tokens.

What is the difference between the GFIN1 and GFIN2 pools?

None. By delegating to the both pools, you will receive the corresponding GADA according to the rewards’ calculator.

If you want to learn more about GADA, please refer to our website.

Follow us on social media to make sure you don’t miss out on any development updates.

Always double-check that you’re using any official channels recorded below, and especially watch out for fake Telegram groups.

Keep in touch with us:
🌍 Website: https://www.gada.finance/
🐦 Twitter: https://twitter.com/GADALaunchpad
🔊 Community Channel: https://t.me/gadachat
✉️ Announcements Channel: https://t.me/gadaofficialnews

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ORIGINAL SOURCE

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