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Straight Outta Comdex: Who’s Down with LBP?

Discriminatory fundraising that further advantages wealthy investors has long plagued the world’s impoverished population. After generations of systematic economic abuse, cryptocurrency emerged as a great equalizer. Unfortunately, in the years since crypto’s inception, investment in the burgeoning asset class has also become inequitable. Cryptocurrency is not only highly volatile and extremely risky but too often, large buyers who are privileged to participate in early fundraising rounds are enabled to dump their tokens on smaller investors who aren’t even allowed to participate in sales until token prices have already skyrocketed.
The problem of wealth distribution isn’t easily resolved, but Comdex is trying. By bridging the worlds of centralized and decentralized finance, Comdex enhances investors’ access to a broad range of asset classes and enables them to generate higher yields from safer investment avenues. In concert with the company’s aim of democratizing finance, Comdex has just launched their LBP on Osmosis.

TF is an LBP?
Liquidity Bootstrapping Pools (or LBPs) present a new future of fundraising – a more distributed, equitable, and decentralized method for dispersing assets. Comdex’s LBP will enable price discovery through a reverse dutch auction in which CMDX’s price will be highest at the start and gradually decrease over the sale’s three-day period. This inverse price apparatus will make it impossible for large buyers to corner the market early and dump their tokens on later investors.
Through this secure and fair distribution model, Comdex moves one step closer to achieving its goal of global accessibility in finance.
Emphasis on Equality

Comdex Co-founder and COO Siddarth Patil recently explained the company’s decision to launch via LBP on Twitter. The COO’s focus on strengthening the project’s community through fair token launch models the values that high-dollar crypto investors like former US Presidential candidate Brock Pierce say they look for when seeking new investment opportunities.
Hands Up!
So the question: “Who’s down with LBP?” is asking who is interested in a more fair distribution of the world’s wealth, and unless you’re among the 1% who control a vast majority, your answer is probably “me, me!”
For those who’d like to participate, Comdex’s LBP will run on Osmosis from December 3rd-6th at 1 AM UTC. Read more about how you can participate here.

KuCoin Is Hiring Metaverse Engineer, Job Posting Revealed

The global KuCoin cryptocurrency exchange has posted a job opening for a Metaverse Engineer, seeking to find a highly qualified specialist.
The job posting includes a long list of prerequisites, outlining the future scope of work for the candidate, indicating the potential direction for KuCoin’s development in blockchain and metaverse space. Among the responsibilities that the successful candidate will have to take on are leading educational initiatives, as well as architecture assessment and selection of metaverse projects presented on the market with subsequent preparation for market fielding. The architect will also be responsible for the design of the metaverse within the KuCoin Metaverse Fund program – a task that is especially relevant in light of the fact that KuCoin Labs, the exchange’s investment and research firm, announced the establishment of a $100 million fund to invest in metaverse projects.
Serious technical expertise is also expected of candidates seeking to apply for the posting. All applicants are required to have solid experience in the creation and implementation of multi-user products based on Blockchain, VR, and AI technologies. Given the specifics of KuCoin’s latest business direction, the architect will also have to have experience in the development of game mechanics and economic systems. Other hard skills that candidates have to possess are the standard mix of comprehension of software frameworks, decentralized architectures, and blockchain cross-operation.
KuCoin has been rapidly permeating into metaverse space. The latest evidence of such complete digitization of the business can be traced in the exchange’s recent announcement that it will soon be opening a virtual office in a 21-floor skyscraper located in the decentralized Bloktopia metaverse. The building is expected to act as a virtual workspace for content creators and blockchain architects for the Polygon and Avalanche networks.

Behind the Masks: Actor Jordi Mollà to Launch New NFT Collection on December 08

Fresh off the sale of his “I will flood you with my flowers” NFT, artist and actor Jordi Mollà is renewing his affiliation with Raini and Krew Studios.
Mollà, whose on-screen credits include Jack Ryan, Blow and Bad Boys II, is joining forces with the NFT platform and creative studio to conduct an NFT drop called Masks. The collection features a range of unique digital masks based on a collection meticulously hand-painted by the self-taught Spanish artist, with the drop scheduled for December 8.
Demystifying Mollà’s Masks
As an actor, Mollà has worn many faces and the collection was influenced by the personas and characters we all inhabit in our daily interactions with the world. Some 10,000 masks have been 3D-rendered, animated and tokenized, with a percentage receiving physical as well as digital redemption rights. The mint will go live for a two-hour presale window on Wednesday, December 8 at 8 pm UTC, with a public sale following from 10 pm UTC.
The winner of Mollà’s previous work automatically gained five whitelist spots for the latest collection, as well as an invite to a swish NFT event that is being hosted by Krew Studios on December 4. The Art Basel show in Miami Beach, which is part of the city’s annual Art Week, will educate attendees on the various ways in which Augmented and Virtual Reality (AR/VR) tech are being integrated into the upcoming drop.
An emerging NFT launchpad, Krew Studios is currently pursuing a raft of exclusive artist and gallery partnerships as it seeks to bridge the gap between physical and digital art. Ahead of the Masks drop, the Studio has distributed 50 Members Only whitelist passes to community members, entitling holders to access to upcoming Krew drops and events (including the Masks party), community voting, and airdrops.
As well as 50 such golden tickets, 1,000 of the Studio’s Discord members have also been whitelisted for the Masks NFT sale. The Krew team has thrown down the gauntlet to the wider public by encouraging them to join Discord and acquire their own whitelist privileges.
Raini, whose products include yield farming, a play-to-earn trading card game, and a curated NFT launchpad and marketplace, is also furnishing its token stakers with special access to the sale: some 500 mask NFTs will be made available to those who supply liquidity or stake $RAINI via the platform’s Unicorn and Rainbow pools.
Disrupting the Art World
Synergies between the worlds of art and NFTs continue to form, with commentators now wondering whether Quarter 3 trade volume ($10.7 billion) will be surpassed in Q4.
Blockchain’s disruptive influence on the traditional art market has been one of the year’s biggest stories, bringing works to the attention of a broader demographic of buyers while providing a tangible use case for distributed ledger technology (DLT).
Back in March, digital creator Beeple became the third richest living artist after selling his tokenized work The First 5,000 Days for $69 million at Christie’s. The event aroused unprecedented interest in the NFT market from millionaire art collectors and consortiums, as well as artists seeking to bring their creative talents to the blockchain.

Bitcoin Trends To Downside, Why The Stock Market Could Be A Bull Problem

This year, we have seen Bitcoin go down to $30,000, double to $60,000, then reach November’s all-time high over $68,000 and tank once more around 20% on the same month, stabilizing around $57,000.
As Bitcoin trades to the downside just like the U.S. traditional markets, we might be seeing a correlation. Stocks have been driven down lately by the uncertainty and selling pressure that followed the FED’s tapering recent announcement, the introduction of Biden’s bill, and financial fears surrounding the Omicron variant.
As economists have expressed that an important portion of Bitcoin’s returns could be following inflation fears similarly to the U.S. stock markets’ drop, the possible correlations between them could shed some light on what could be expected for December and 2022’s price action.
Could Bitcoin follow the trend and crash along the stock market? At least, the crypto king could encounter a road full of obstacles for rallying next year.
Bitcoin trading at $56,640 in the daily chart | Source: BTCUSD on
Related Reading | Bitcoin Soars 5%, Why FED Powell’s Nomination Could Give It New Momentum
Stocks Feel The Pressure
As correlation remains a possibility, recent U.S. government and FED’s measures are allegedly affecting both Bitcoin and the U.S. stock market’s price action.
Biden’s infrastructure bill introduces new requirements for crypto investors and businesses with digital-asset deals to report to the IRS, meaning a future crypto-tax. Similarly, major CEOs cashing in their stocks remind that high earners are also fragile facing a possible increase in federal taxes, as there are airs for a 5% surtax income over $10 million and 8% on income over $25 million.
On the other hand, there is Jerome Powell‘s recent announcement about the central bank possibly reducing support to the economy sooner than expected, cutting asset purchases, and raising interest rates.
These events have been followed by stock investors selling out of pressure, painting a gloomy landscape for December as many expect that selling before the beginning of 2022 could help them face the imminent tax increase.
Wall Street’s December looks shakier than usual since November became a volatile month where we saw –and now keep seeing– major averages tank. The Dow decreased 3.7%, S&P 500 0.8%, Russell 2000 saw its worst loss since March last year down almost 4.3%. This could be seen as a general lack of confidence for the future of the U.S. economy.
Major CEOs and corporate insiders like Satya Nadella, Jeff Bezos, and Elon Musk, have reportedly sold around $69 billion in stock this year, 30% up from 2020 and a 79% increase in 10 years, said InsiderScore.
Bitcoin, S&P, And Dow Jones: Is There A Correlation?
Shifts in reported correlation indexes between BTC and the U.S. stock market have increased since 2020 alongside the investors’ recent selling pressure.
The theory of Bitcoin working as a “safe haven” store of value compared to gold if investors face a major market downturn, and the theory of the digital coin’s price being correlated to the stock market’s, don’t go well together. However, we are walking a field of possibilities rather than certainties.
Related Reading | Billionaire Tells Investors; “Buy Bitcoin Right Now”
Crypto has seen an important inflow of institutional funds, and as retail investors lose dominance, the crypto market and the stock market might be seeing a share of the same investors that could translate into correlation.
Looking at the numbers, the correlation index is based on a scale of 1 –closer to correlation coefficient– to -1 –moving on opposite directions–, meaning that 0 would be no correlation. Since 2020, these indexes have looked closer to 1 for BTC, Dow Jones, and S&P.
In November, Bitcoin’s index level of correlation with Dow Jones reached 0.84 on the 27th, on the same day S&P500’s was at 0.30 and went higher from that point. Now S&P500 is up at 0.48, and Dow Jones down at 0.63 -still quite relevant-.

Correlation between Bitcoin, S&P500 (at 0.48), and Dow Jones (at 0.63) in the daily chart. | Source: BTCUSD on
However, the brighter side of the institutional demand for Bitcoin is that it has held its critical support levels –needed to hit new highs– and constant trading volume through the price correction.

Majority Of Shiba Inu (SHIB) Holders Remain In Profit Despite Downtrend

Shiba Inu remains one of the most popular meme coins in the market. This shines through in the number of holders in the digital asset as the number recently crossed 1 million SHIB holders. The digital asset had rallied to new highs a month ago which was the main catalyst for the increased popularity. A downtrend had followed quickly behind this new all-time high but did not do much to discourage investors from putting money in it.
69% Of Shiba Inu Investors In Profit
Data from IntoTheBlock shows that majority of those who are invested in the dog-themed coin is still in profit. This is despite the various dips that have rocked the market in recent weeks. A good number of Shiba Inu holders had been invested in the project before it had begun its bull run. As such, most were old holders making money from their investments.
Related Reading | Binance Resumes Dogecoin Withdrawals After CEO’s Spat With Elon Musk
There had no doubt been investors who had gotten into the digital asset, but those who are in loss with their SHIB investments are a small percentage compared to those in profit. The data shows that 69% of all Shiba Inu holders are still in profit despite the digital asset losing about 50% of its all-time high value, with only 21% of all holders being in a loss.
Then in the middle are those who invested in the current price of the digital asset. IntoTheBlock reports that 10% of total Shiba Inu investors are in the neutral zone, meaning that these investors got their coins at the current value of the asset. This means that 10% of all total investors, about 100,000 given the current holder count of the asset, are neither in profit or loss.

69% of SHIB holders in profit | Source: IntoTheBlock
SHIB Conquers Top 10 Crypto Exchanges
With the recent listing of the digital asset on Kraken, Shiba Inu had completed the list for being available to trade on all major cryptocurrency exchanges in the market. The asset had quickly made the rounds across the top exchanges as listed by CoinMarketCap, with Kraken being the only outlier for a while. However, as of Tuesday, SHIB is now available for trading on Kraken.
Related Reading | Shiba Inu Grows 33% In One Day As Whales Load Up On SHIB
It is important to remember that about six months ago, Shiba Inu was barely on the radar of anyone. The token had recorded popularity due to dubbing itself the “Dogecoin killer” but activity in the asset was not noticeable.
Now, the dog-themed coin has grown to be one of the largest cryptocurrencies by market cap, currently ranked 12th on the list. For investors who had gotten in on the crypto when it was still relatively unknown, the meme coin has been an incredibly profitable venture for them.

SHIB continues downtrend | Source: SHIBUSD on
Featured image from Bitcoin News, chart from Grows Presence In Latin America With SeSocio Acquisition

One of the world’s oldest crypto companies,, has acquired SeSocio, a crypto company based in Argentina. Both parties announced it on their respective blogs on Tuesday.
According to the announcement, this is’s “largest acquisition to date,” although it did not disclose the amount.
With its acquisition of one of the largest cryptocurrency businesses in Latin America, plans to accelerate its growth and drive crypto adoption in the region.
Related Reading | Acquires Two Trading Platforms From IG Group In $216 Million Deal
Founded in 2011 as a blockchain data source, has made four acquisitions to date. According to its Crunchbase profile, it has secured about $490 million in several funding rounds. The crypto company has processed over $1 trillion in crypto transactions and has about 37 million verified users across more than 200 countries.’s Largest Acquisition To Date already offers crypto services in Argentina, Brazil, Chile, Colombia, and Mexico. But with this acquisition, it plans to build on SeSocio’s existing network to drive its growth and make crypto more accessible.
“Latin America presents one of the largest growth opportunities in crypto over the coming decade,” said Peter Smith, CEO. “Millions have already seen inflation at its worst, new currencies emerge out of thin air and experienced political instability – creating a favorable environment for crypto. With the SeSocio team, we aim to provide every Latin American with access to a global crypto platform.”
Related Reading | Latin America, Tipping Point: Bitcoin Beach Brazil, Colombia ATMs, Mining Arg
The UK-based company also plans to open physical offices in these countries and hire local talent.As part of the deal, SeSocio’s 100 employees will join This addition will increase’s global workforce to 400 employees.
SeSocio is a personal finance company that allows users to trade over 45 cryptocurrencies. The company raised over $11 million across a number of funding rounds. It was founded in 2017 by Guido Quaranta and Gastón Krasny.

Total crypto market at $2.556 Trillion | Source: Crypto Total Market Cap from
“We’re extremely proud of what we’ve been able to build in the Latin America market and the growth we’ve seen as a business thus far,” said Quaranta. “I am confident that SeSocio will thrive in this next chapter of our journey. Together with, we will pioneer a new age of increased crypto accessibility in Latin America and beyond.” Continues Global Expansion
The SeSocio acquisition is’s latest global expansion move. Earlier this year, the company acquired artificial intelligence firm AiX, machine learning investment firm Magic Carpet, and consumer startup Storm Inc.
The crypto company is also expanding crypto access across the United States. It has launched its services in various US states. And last month, it added Georgia to the list.
Featured image by, Chart from

Crypto Adoption Grows In Croatia: Supermarkets, Post Offices, Car Dealerships, +

Croatia is embracing crypto at an exponential rate. Earlier in the week, Konzum announced it will accept cryptocurrency payments in its online store. This is phase one for Croatia’s largest supermarket chain, the company plans to roll out the service in all of its stores. The country is quickly becoming one of the friendliest for cryptocurrency enthusiasts. One could probably already live on crypto over there, and that is the concept we’ll explore. 
Related Reading | Coinbase Eyes Broader Adoption With DeFi Apps Integration
But first, Konzum. When our sister site NewsBTC covered the story, they informed us:
“This move is the first of its kind in Croatia, making Konzum the first and only retail chain in the country to accept crypto payments.
“The introduction of cryptocurrency payments is another indicator that Konzum is constantly monitoring global trends, introducing innovations and setting the standard in the retail sector.” – Uros Kalinic, member of Konzum’s Management Board for Finance and IT”
Then, Kailinic added color to the story and introduced Konzum’s partner in the venture:
 “Payment with cryptocurrencies is certainly still in its infancy here in Croatia, but the experience of our partner Electrocoin justifies this investment. Just as our customers use banking applications for electronic payments, we believe that this service will get its share as far as transactions go as well. From year to year we see a decrease in the share of cash transactions, which is logical in the age of digitalisation and coronavirus, when cash payments have been discouraged for epidemiological reasons.” 
Besides Bitcoin, Konzum receives payment in Ethereum, Bitcoin Cash, USDC, USDT, EOS DAI, Ripple, and Stellar Lumen. This variety is a crucial factor in the story we’re about to tell. 

ETH price chart for 12/02/2021 on Cexio | Source: ETH/USD on
How To Sell Cryptocurrencies In The Post Office
Payment with cryptocurrencies might be in its infancy, but for the last two years and change, Croatians have been able to buy a variety of coins at the post office. And, from November on, they can also sell them. That’s right, “more than 50 selected post offices covering all counties in the country” are effectively an exchange office. 
“Users also have access to the Crypto Center, a special website that brings together all Croatian Post services related to cryptocurrencies. The website contains an exchange rate list, information on buying and selling the desired cryptocurrency and an interactive map with the addresses of post offices where this service is available. 
Crypto-stamps can also be purchased on the website, another novelty with which Croatian Post connected domestic philately with new technological trends, ie the NFT market.”
The post office accepts 11 cryptocurrencies, namely: Bitcoin, Ripple, Stellar, Ether, Eos, Bitcoin Cash, Dai, USDT, USD Coin, Polkadot, and Kusama.
A Car, Purchased With Bitcoin
Almost exactly a year ago, a historic transaction took place:
“The first car bought with crypto at their Zagreb showroom was a Ford Focus. The new owners are a young couple who paid for the car with Bitcoin.
The Karić automobili car dealership joined GoCrypto almost a year ago and was the first on the Croatian market to offer the option of purchasing all car models on offer in cryptocurrencies.”
The Slovenian company GoCrypto provides a simple Point Of Sale solution that’s available throughout the whole region.
Other Exchange Offices
Besides the post office, there are at least three chains of exchange offices that do business with crypto: In Kapital, Auro Domus, and The Bitcoin Store. In this report, an intrepid crypto enthusiast visits all of them and exchanges stablecoins for Kuna with varying degrees of success. For example, The Bitcoin Store offers the best experience but also charges the highest fees. And the author has to go to three Auro Domus to find a person who knows how to do the exchange, and even then the whole process takes 72 minutes total.
Related Reading | Lightning Continues To Strike, Bitcoin Adoption Building Momentum
In any case, the point is, there are official exchange offices that deal with various cryptocurrencies and exchange them for Croatia’s kuna. What a country!
Featured Image: mtomicphotography on Pixabay | Charts by TradingView

Report Says India Will Regulate “Private Crypto,” Not Ban

A report suggests that India’s new crypto bill will aim to regulate “private cryptocurrencies,” rather than banning them.
India’s Crypto Bill Will Regulate All Private Cryptocurrencies
Earlier, there were reports that the nation may be planning to ban all “private cryptocurrencies,” and allow only certain exceptions like the country’s own Central Bank Digital Currency (CBDC) to promote the blockchain tech.
However, as per a new report from NDTV, a cabinet note circulated by the government has suggested that India is planning to regulate these digital assets, rather than outright banning them.
Also, the government doesn’t seem to be planning to recognize crypto as currencies. As per the note, the legislation is calling “cryptocurrencies” as “cryptoassets.”
Investors will be given time until a certain date to declare and bring their assets under the crypto exchange platforms regulated by Securities and Exchange Board of India (SEBI).
The report has also revealed that India’s CBDC isn’t being clubbed with this new cryptocurrency bill. However, the country’s central bank, the Reserve Bank of India (RBI), will still regulate issues related to these digital assets.
India’s Former Finance Secretary Says Bill Description About Banning Private Crypto Was A “Mistake”
In an interview with News18, Subhash Garg, the former finance secretary who was responsible for drafting the original bill, revealed that the description saying private cryptocurrencies will be banned was perhaps a “mistake.”
Garg said:
I think this was perhaps a mistake. When you are not even ready with the bill, it is misleading to say that private cryptocurrencies will be banned and to intimate the government about the same. Ideally, the government should discuss with stakeholders and crypto investors and then formulate a bill.
Related Reading | Crypto Is Here To Stay, Says Paytm Founder Amid Regulatory Debate In India
The former finance secretary continued:
This is a new emerging technologies, no one really fully understands it, whether in the government or in the private sector. Something like cryptocurrency and blockchain technology which has an an enormous future potential, needs to be discussed widely. Then, a decision can be taken keeping in mind India’s best interest.
Currently, the Indian winter parliamentary session is going on, and the bill might see an introduction in the coming days.
Bitcoin Price
At the time of writing, BTC’s price floats around $57k, up 2% in the last seven days. Over the past month, the coin has lost 7% in value.
Related Reading | India’s Payment Giant Paytm May Add Bitcoin If Government Legalizes Crypto
Here is a chart that shows the trend in the price of Bitcoin over the last five days:

BTC’s price has mostly shown consolidation in the last few days | Source: BTCUSD on TradingView
Featured image from, chart from

Can SpaceY 2025 Break the Bottleneck Faced by GameFi?

Recently, Zuckerberg, CEO of the international social media giant “Facebook”, unveiled the long-awaited new name of the company on social media – Meta. Zuckerberg also announced that this will be the starting point of the next chapter of the Internet as well as Facebook.
Thanks to the new name, the digital assets of Metaverse games and GameFi have skyrocketed overnight.
 As a matter of fact, in the past few months, major capital and investment institutions have been attracted to set foot in Metaverse games since they had become the focus of the blockchain industry.
The “tipping point” of all this can be attributed to the nearly 100-fold surge of Axie Infinity.
This not only made chain games once surpass DeFi to become the main track. At the same time, the concept of “play to earn” entered the public domain, attracting more developers to join the GameFi sphere.
According to the data provided by DappRadar, as of October 2021, a total of 1043 game Dapps have been online across the network. Compared with the same period in May, the number of players has increased by 254%. And the top 120 blockchain game projects have a total value of more than 30 billion U.S. dollars.

However, while GameFi continues to exert its influence, it will also face a series of bottlenecks.
Entertainment is an element that maintains the long-term healthy development of GameFi
At present, most of the chain games on the market pay more attention to early positive economic incentives than their playability.
In the long run, entertaining and high-quality games are still key factors that determine whether GameFi can maintain a healthy development.
According to the report issued by Nansen, the development of chain games can be roughly divided into four stages. The current chain game market is still in the transitional period between the third and fourth stages. At present, although many 3A manufacturers are experimenting with higher-quality chain games, there are still few mature game products. Many of the games are expected to be launched, but in fact, the launch time is at an unknown far distant date.
Therefore, mini games still dominate the chain game market. They tend to sell and play with concepts at and the overall quality is not satisfactory enough.
Even chain games have attracted numerous players. In the future, as traditional game players continue to set foot in chain games, they will become more and more demanding about the quality.
To convince players to pay for chain games and accept play-to-earn, well-made game products and content are essential. This is the only way to overcome the current bottleneck in the GameFi market and bring it back to a state of incremental explosion.
Facing all the obstacles, how should we make a breakthrough in the development of chain games? Which game will detonate the GameFi market in the next round?
SpaceY 2025—a 3A chain game that will be launched this year
SpaceY 2025 is the first 3A tower defense blockchain game based on the theme of Martian immigration. Its story background is based on the Mars mission of Elon Musk. It is created by the Blockfish team with many years of experience in blockchain games.
The game strives to create a new virtual Metaverse to bring more new possibilities for the development and inheritance of human civilization in the future.
In this parallel world, every player can become the Creator and complete the ascension of human beings from carbon-based to silicon-based life. The oasis in Ready Player One and the cyberspace in Cyberpunk 2077 are becoming reality!
In terms of the gameplay of SpaceY 2025, the team has constructed a revolutionary idea: Not only will it bring an extraordinary blockchain gaming experience through its 3A game design, but it will also bring a fully competitive environment through its MMO Metaverse NFT tower defense nature.
The team has implemented a ray-tracing tool in the game similar to the one used by Unreal Engine 5. While ensuring that users can earn money while playing, they can also have a super-high gaming experience.
More importantly, SpaceY 2025 will be launched next month. This is undoubtedly blockbuster news for the current chain game market and many players.
In comparison, other 3A chain games developed by top teams, such as BigTime and Star Atlas, will not officially launch versions until the second quarter of 2022.

GameFi has profoundly changed the way people understand games. With the popularization of the concepts of NFT and Metaverse, players are shifting from buying game services to making profits through participating in game construction.
And the application of the “play-to-earn” economic model will further expand the advantages of GameFi and become a model for the global game field in the future.
At present, the core gameplay of SpaceY 2025 has gained favor from more numerous KOLs, and it has attracted more than 120,000 players and community fans from dozens of countries around the world.
We believe that BlockFish will become one of the leaders of the new generation of blockchain games after the official launch of SpaceY 2025.
As BlockFish’s first 3A flagship game, SpaceY 2025 may lead the next wave of chain game evolution!

Flickto Herds Media Financing Towards A New Era Using The Cardano Blockchain

Flickto, a recently launched project on the Cardano blockchain, is a community-powered media launchpad that is meant to change the way that projects are financed. In the current age, media can be easily producible and widely distributed to a diverse community of viewers. However, one problem that producers run into is securing financing for these media projects and Flickto aims to make this process easier.
With Flickto, community sponsoring and financing have never been easier. It brings together users across its growing base to fund selected projects by various artists. This is a first-of-its-kind launchpad and its success since launch shows that the project is filling a gap that has been left unfilled for far too long.
With help from advisors including Ben Morris and Geraint Harvard Jones, both with decades of media industry experience between them, Flickto will be the first launchpad to bring projects into the real world that people will someday be able to see in movie theaters or on their TV screens.
How Does Flickto Finance Projects?
Flickto combines its native token, FLICK, with the power of Cardano staking to provide financing to artists. Users of the FLICK tokens can vote on projects they want to see financed by staking their tokens. Staking provides voting rights to the holders and also brings them rewards from distribution royalties after the media projects are launched.
Artists of all kinds can be financed by the Flickto project. These could range from film to TV, to NFTs, and streaming content. Flickto, in short, puts everyday individuals in a position where they can benefit from the billion-dollar media industry, instead of all of the profits going to media conglomerates.
Benefits Of Flickto
With Flickto, users are strategically positioned to benefit from tokens that they hold, be it ADA or FLICK. Flickto uses the ISPO model, a sustainable way to finance projects, which users can be a part of by becoming delegators.
Since its launch on November 1st, Flickto has grown week-on-week to almost 200 delegates in its pool. There are currently over 1.5 million ADA staked in Active Stake.
Users who participate in project voting earn rewards for doing so. In addition to being entitled to a share of distribution royalties from successfully funded projects. This way, both ADA and FLICK tokens are working for all users and bringing them rewards for their participation.
Where To Buy FLICK Tokens
Flickto is currently in the private sale stage of the project. Investors who wish to invest more than $500 (acceptable in all major cryptocurrencies) in the project are eligible to participate in the private sale. The private sale will open its next phase this weekend.
Flickto Media has announced that it will IDO on, a decentralized fundraising platform on the Cardano network.
Going forward, FLICK will be listed on major centralized and decentralized exchanges to ensure that the token is evenly distributed across the crypto market and available to purchase for users who wish to be part of the community. FLICK holders will also be able to stake their tokens for additional rewards.
FLICK has a total supply of 5,000,000,000, with a 65% public distribution. Users are already being rewarded as Flickto recently concluded the airdrop of two NFTs for ADA delegators in the Flickto ISPO pools.