Cardano ADA Next BIG Thing | ISPO | SundaeSwap & More
You know one thing that cryptocurrency Is very very good at is always coming up With new different ways to raise money For projects unfortunately sometimes These ideas also result in scams or rug Pulls but at the same time a lot of Terrific projects get funded this way Too remember in 2016 and 2017 we had Icos at that time and ethereum was Funded this way back in 2014. if you Were around you may remember that so was Eos we’ve also since seen ieos idos igos Stos we’ve talked about these in all Kinds of videos and other eos that we Probably can’t even think of right now And now we have the latest new method an Ispo these are only on cardano so what Is an ispo and why do we think you Should know about it like all Fundraising methods there are ways to Make money with it and if you guys want To learn about some of those strategies Stay tuned to this video we are talking About ispos on cardeno [Applause] [Music] Let’s start with the basics ispo stands For initial stake pool offering and as Mentioned in this ispo announced for Ardana one of our projects in today’s Video one of the goals of the ispo is Decentralization you see cardano is Starting to suffer from a problem that Lots of pos proof of stake chains are
Starting to exhibit that a few Validators get powerful by having many Others delegate their stake for them and This is something the ispo is designed To fight against while raising money at The same time how exactly do they do That by providing fair and equal Incentives to both small and big stakers With an ispo an investor stakes their Ada with one of the staking pool options It could be a big pool or a small one Other than a possible incentive to use a Smaller pool this really isn’t any Different at least so far but when we Get to the rewards for staking here’s Where we see some changes in a normal Environment we stake ada and get repaid In ada from fees for helping secure the Network but that’s not the case with an Ispo with an ispo the project will use Some of that ada as part of their Fundraising you the investor get part Ada instead of 100 and part new project Token x so instead of earning 4.6 on ada You might earn three percent with an Ispo and the other 1.6 of ada is now in Your project coin with a chance to earn Based on its performance you’re trading Away some of your staking reward for the Project to use it for fundraising and Not just that it’s non-custodial as well That means the aida that you put into Your stake stays in your wallet and in Your control so only the rewards move to
The project for their funding it’s a Pretty smart strategy too especially if You’re long on cardano and its ecosystem So now that we have a better idea of how Ispos operate let’s take a look at three Projects that are working right now with Cardano number one on our list here is Sunday swap this is by far cardano’s Largest decentralized exchange their 122 Million dollars in tvl that’s total Value locked is 120 million dollars more Than the second place platform which is Muesli swap we have covered sunday swap In the past guys check out our detailed Video about this platform if you’d like To dive into the specifics in finer Detail but for the purposes of this Video we’re pointing out that it’s the Only dex game in town and it’s also an Ispo in fact their ispo just finished Or did it well Okay officially yes it ended earlier in The week however there’s an interesting New development here the potential Reverse ispo also called R-i-s-p-o the reverse ispo went up for a Vote and it passed and it turns out so Much ada is sitting in ispo pools right Now that this proposal is a way to move Some to smaller eligible pools to Further promote decentralization it Passed overwhelmingly at 83 percent now You can view the eligible pools and Change your delegation to a smaller pool
If you so choose which means there are Two situations that are possible either You invested in the original ispo or not If you did invest well from now until The 19th you can move your stake to a Single-sided staking pool to earn extra Rewards if you took part in the ispo if You didn’t take part in the ispo but if You want to participate in this rispo Then starting on the 19th you have five Days to stake and select an eligible Pool a look at the eligible pools from Pool peak as shown here indicates that There are about 595 million ada stakes For sunday swap already all that and new Investors taking ada need to move it to One of the 194 eligible pools to receive the new Awards let’s talk a little bit about Tokenomics for sunday swap so they Created two billion sunday tokens that’s S-u-n-d-a-e with 55 of them available to The public and of the 55 percent five Percent is a direct allocation to ispo Holders and with an even one percent Split over five epics the ispo investors Will get paid there are two and Four-year vesting schedules for the team And for advisors ispo investors have Another chance to get paid as well since Sunday swap is a dex any liquidity they Help to provide to a trading pair Containing sunday earns them some extra Fees okay and with that we’re moving
Right along to project number two They’re called ardana and they announced Their ispo just this week ardana Basically is an asset-backed stablecoin For the cardano ecosystem their Stablecoin Dusd is fully backed by collateral Listed on chain so you can easily verify The asset coverage yourself the assets That are going to back dusd are other Cardano assets and we’re presuming this Means ada they’ll be doing the standard Of locking collateral into a smart Contract and using that collateral to Mint new dusd the vaulting and minting Is both non-custodial and decentralized So they call themselves both a stable Coin and a stable swap which means that It’s clear they’re betting big on the Growth of cardano’s d5 portion of the Ecosystem which is nothing to speak of Other than sunday swap but that’s just For now we assume things are going to Change of course ardana takes advantage Of something called e-u-t-x Or extended unspent transaction outputs The extended part allows for the utxo Which is the same model by the way as Bitcoin uses to add more information to The output including more locks and keys Or to add scripts but most importantly This extension enables smart contracts And the added logic here makes Implementing plutus smart contracts
Easier making the utxo more programmable If you’re interested in learning more About these e-u-t-x-o mechanisms and how They affect smart contracts check out This piece on medium.com okay let’s talk About ardana’s tokenomics they have Their own token it’s dana maybe you Pronounce it dana d-a-n-a with the Current price as you can see of about Two dollars the circulating supply is 8.7 million total supply of 125 million With a market cap that right now sits at About 17.4 million dollars you can Currently buy dana on gate.io max c or Bitmart and details are coming soon About their ispo and how much dana you Can earn by staking ada and finally We’re looking here at project number Three on our list rey network which is a Defy ecosystem that has all the usual Suspects so things like a light wallet a Swap app and a dex a decentralized Exchange staking not just for cardano But for solana and near blockchains as Well it’s got fundraising it’s got Project listings and a couple of other Cool features as well these include an Nft marketplace a metaverse a javascript Based sdk for building new apps and Indexing protocols integrated with the Graph ray has distributed 36 million of Its x-ray tokens and it has 136 million Dollars in tvl in its staking app which Is called ray stake their ispo for their
X-ray token is going on right now as we Speak current rates staking ada are 4.6 Apy and the ispo will pay for every 176 Ada you stake you earn one x-ray at the Current price of a dollar and eight Cents 176 ada is at about 190 or so so At 4.6 you would earn eight dollars and 74 cents if it was all in ada the rey Ispo offer includes 4.5 earned ada the One x-ray for every 176 ada that we just Discussed a three-year distribution Schedule for all 100 million x-ray from The ispo a burn program for unrealized And unclaimed tokens as well okay Talking about tokenomics here ray has 58 Of its tokens available to the public Which includes this ispo the circulating Supply is 44.5 million the total supply is 406 Million so just a little under a tenth Of the circulating supply and you can Buy directly from rey that’s r-a-y or as A part of the x-ray ada trading or Staking pair right now so guys with Every new fundraising method there are Going to be questions there are going to Be some stumbles along the way but we’re Asking ourselves if this is a method That staking pools can use to really Take off no one knows right now but it’s A new and interesting way for projects To raise funds and we love that you Still control your ada while helping to Fund new projects as well that’s a nice
Perk in our opinion and cardano is well Suited for it because so much ada is in Staking pools already you really have Four potential opportunities here that You can take away from this video each Of the three projects plus their effect On ada so you know not financial advice But you may want to consider buying more Of it the future is always uncertain but We’re optimistic and we’re excited about What it may hold when it comes to these Fundraising methodologies as with any Endeavor we wish you luck especially if You choose to invest in cryptocurrency But just remember that these videos Don’t constitute financial or investment Advice as ever crypto continues to be Volatile but we’ve been sailing these Seas for going on six years now a little Bit more in fact and if you’d like to Bank on our experience well rest assured That we’ve been early investors in this Space we’ve developed a keen eye for Potential opportunities and if you so Choose you can take advantage of that Experience we’ve built up by using the Altcoin buzz access pro plan this is a Premium plan starting at 99 per month And with it you get access to Information on undervalued altcoin gems Technical analysis calls nft mint Opportunities top ido’s airdrops and of Course you can also interact with our Very own research experts some slots are
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