About Multi-Token ISPO by Genius X
About Multi-Token ISPO
An ISPO, or Initial Stake Pool Offering, is a permissionless, community-funding method unique to Cardano that allows anyone to support promising early-stage startups. Many people involved in crypto are interested in getting the tokens of multiple projects. Unfortunately, most people delegate to one ISPO at a time. The Multi-Token ISPO by Genius X is a solution for giving the community access to multiple projects simultaneously. Delegators will get the tokens of five projects by delegating their ADA to a single ISPO.
Projects that participate in the Multi-Token ISPO:
- Smart Places ($SMART), 900,000,000: Connect-2-Earn social matchmaking application incentivizing real-life interactions.
- Ledgity ($LTY), 82,800,000: Digital wealth management platform bridging Centralized and Decentralized Finance, bringing private banking to the masses.
- Outlaws Brawl ($HYN), 300,000: A multiplayer online First- & Third-Person Shooter game set in the Hell Hyenas Motorcycle Club universe.
- Reach Metaverse ($REACH), 16,650,000: ‘Metaverse-as-a-Service’ — Infrastructure and hosting provider.
- Drunken Dragon ($DG), 60,000,000: An Autonomous Fantasy Franchise with Decentralized Intellectual Property where fans can contribute proposals to shape the development of their universe.
What are the benefits of joining the Multi-Token ISPO by Genius X?
- Maximize the value of your ADA - Unique opportunity to get tokens from multiple projects within one ISPO. Operations of the Multi-Token ISPO will be handled by Maestro, a participant in the Genius X Accelerator Program.
- Your keys, Your Tokens - ADA delegated to a stake pool is non-custodial and is never locked, allowing you to withdraw or transfer your ADA at any time. You retain full control of your funds.
- Permissionless - ISPOs are permissionless and pseudonymous. Anyone with any amount of ADA and a personal crypto wallet can participate.
- Low Risk - Your initial delegation of ADA is never at risk. If the startup fails, delegators only risk losing potential staking rewards during ISPO. Your funds never leave your wallet.
Details:
- Stake Pools — GENS1, GENS2, GENS3, and GENSX. Verify the stake pool has the correct Pool ID before delegating.
- Staking Rewards Allocation — Staking rewards across the four stake pools will be split equally between each startup. Some of the ADA rewards will be paid to Genius X as fees to cover marketing and operations.
- ISPO period — The ISPO will last 25 epochs, or around four months.
- Development Stage — Startups accepted for the multi-token ISPO needed to have a proven track of development and prospects for growth.
Multi-Token ISPO Pool IDs:
- GENS1 - pool1cjz6kg9a8ug9uk0nc59q60a67c2628ms58rd98gq587jwa2x5qt
- GENS2 - pool1dmpzsnuwxy44ky3dskuhmwpglumy6j0rc5wyfxlu3zym798f79g
- GENS3 - pool1zfhcfw8c3lg0vh0fy8h4y8e25cm7ter9e6sxqskpq0lzyy2wzvm
- GENSX - pool1eqxnk8mylmksd9amjlyhseax8lcux09ck3etcvlalfzhuu7qvzp
About Genius X
Genius X is an Accelerator and Launchpad platform built with the purpose of boosting innovative start-ups and projects on Cardano. Bringing the experience of the team that founded Genius Yield, a Cardano Decentralized Exchange and Yield Optimizer, it is the mission of Genius X to foster innovation and growth that will establish Cardano as the leading blockchain ecosystem.
The accelerator methodology is simple: empower founders to build impactful and scalable blockchain-based companies by assisting with developing a successful business strategy and providing key consulting services and necessary advisory networks, financial infrastructure, and technological expertise to propel our clients in attaining speed, scale, and edge. Many fledgling blockchain-based companies operate with lean teams as they are pre-funding and pre-revenue and may not have the required Networks or know-how to scale their businesses effectively. As a result, they require assistance in any number of Business Development activities.
The Genius X Launchpad was built alongside the Accelerator platform to simplify the funding experience and offer private round funding access to retail investors.
