Cardano challenge Flickto exceeds 1.5 million ADA stakes one month after launch

Flickto has seen large success because it first launched on November 1st. The variety of delegates on the platform has grown quickly, as has the quantity of ADA. Lower than a month after launch, greater than 1.5 ADAs have been deployed in its ISPO delegate pool.

The challenge revolutionizes the way in which media finance is used. Flickto makes use of the ISPO pool to finance initiatives by way of group partnerships. The media launchpad offers creators with the funding they should produce their content material, whereas additionally giving customers the flexibility to earn passive earnings by way of distribution licenses after initiatives are full.

Staking at Flickto ISPOs

Customers can wager and earn rewards by wagering their ADA and incomes Flickto’s native token FLICK. Staking with FLICK tokens offers the consumer the suitable to vote for the initiatives he wish to see funded. If the initiatives are then authorised by the broader group by way of voting with inserted FLICK tokens, funding might be offered till the challenge is distributed. From this level on, customers will obtain license charges.

Customers can fund initiatives that can finally be proven on the large display in cinemas and likewise on their tv screens. This places energy over the media trade out of the arms of some firms and into the arms of the group, utterly eradicating the barrier to entry for industries like this.

Along with the rewards from staking FLICK and ADA, collaborating within the voting additionally receives rewards for the customers. Customers are additionally entitled to extra rewards, such because the not too long ago accomplished Airdrop, the place two NFTs got to customers who participated within the pool.

The place media meet blockchain

Flickto is the primary of its variety on the Cardano blockchain and as such has had many successes since its inception. It has partnered with media trade veterans Ben Morris and Geraint Harvard Jones, who’re advising the challenge. With many years of expertise between the 2, they may information Flickto because it navigates by way of the media challenge finance space.

Artists from totally different genres could be chosen for funding by the group. Flickto does not simply restrict itself to movie and tv manufacturing. NFT artists and content material creators are one other instance of initiatives that customers can vote on.

FLICK Non-public and Public Sale

Flickto has accomplished the primary part of its non-public sale spherical with nice success. The subsequent alternative to amass FLICK exterior of the ISPO is on the upcoming IDO. The non-public sale gave customers the chance to buy the tokens at a discount value.

The Cardano-based challenge will assist speed up Flickto to offer environment friendly and clear crowdfunding providers.

The entire provide of FLICK tokens is restricted to five,000,000,000, with a complete of 1,000,000,000 FLICK tokens being supplied on the market in non-public.