- Flickto launched its ISPO Remastered Initiative earlier this Monday.
- The ISPO initiative encourages investors to stake.
- Users participating are entitled to 0.33 FLICK for every 1 ADA token held per epoch.
Cardano-based media incubator Flickto officially launched its ISPO Remastered initiative on February 28, encouraging investors to stake. ISPO is the Cardano-specific method of fundraising used for early-stage cryptocurrency products.
Users participating in the ISPO are entitled to 0.33 FLICK for every 1 ADA token held per epoch. The project aims to solve the issue of ‘unfairness, bias, and financial inequality in the current media landscape’.
Flickto seeks to create a Decentralized Media (DeMe) sector. This DeMe sector will treat artists as ‘on par with the big names in Hollywood’.
Meanwhile, ISPO Remastered provides users the opportunity to generate passive income from films, TV shows, NFTs, and even writing. Flickto’s ISPO Remastered has reached over 13 million ADA staked. Previously, the project had already raised two successful IDO rounds.
Recently, Flickto partnered with MuesliSwap – one of the first DeFi protocols on Cardano blockchain – and production company Bazooka Bunny. The former’s partnership allows users to receive FLICK tokens when they stake MILK tokens.
Since December 2021, ADA holders have been able to lock their tokens in favor of staking pools involved with Flickto. As a result, users receive FLICK rewards depending on their contribution amount and lock-up periods.
In Q2 2022, the platform is planned to go live on mainnet alongside a full stack of options. Additionally, the voting platform will ensure its DAO model migration for FLICK token holders.
Furthermore, Flickto will finance Cardano’s ecosystem and community storytelling in future Cardano creative collaborations.
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