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Cardano-based Launchpad Flickto Shares Its First Update: 200 Delegators, Over 1 Million ADA Staked, NFT Campaigns

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Fri, 11/26/2021 - 13:00
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Vladislav Sopov
How can ADA holders benefit from participating in content media crowdfunding?
Cardano-based Launchpad Flickto Shares Its First Update: 200 Delegators, Over 1 Million ADA Staked, NFT Campaigns
Cover image via U.Today

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Flickto is a unique project on Cardano that attempts to change the model of social media monetization and introduce a new-gen staking pool for all ADA holders

How to merge social media and ADA staking: What is Flickto’s ISPO?

Since its inception in early Q4, 2021, Flickto is focused on bringing together two red-hot concepts of the Web3 era: token staking and decentralized social media funding. Namely, it curates a staking pool for Cardano’s ADA and provides the platform with content creator support.

The Flickto (FLICK) team introduces the model of the Initial Stake Pool Offering (ISPO). Users can lock their tokens in favor of media products (movies, short videos, ads and so on) and help them raise production funds.

Users can earn rewards by simply participating in voting procedures supporting this or that product. This scheme works not unlike Polkadot’s parachain auctions: supporters of successful products will earn shares from their distribution revenues.

Thus, Flickto offers a pioneering crypto-fueled launchpad for media products: it is the only way for crypto enthusiasts to directly support directors and producers who are going to release their content in movie theaters or on TV screens.

200 delegators, 1 million ADA staked, partnerships, NFT campaigns: first milestones for Flickto

Since the mainnet release of the product that made headlines on Nov. 1, 2021, its team has accomplished a number of impressive milestones in terms of business progress, technical development and community business.

First and foremost, 200 delegators have already supported the Flickto pool with their tokens. As such, Flickto amassed over 1,000,000 ADA tokens in its staking pools (equal to roughly $1,800,000). For every Cardano epoch, a user receives 0.15 FLICK per one active ADA staked.

Then, the Flickto team successfully completed two airdrops to all eligible users. Early supporters received two exclusive NFT drops of the “Flickto1stBlock” collection.

This week, the team is going to complete its private sale phase before exploding into IDO launchpads and CEXes. Crypto holders have one last chance to buy FLICK, a core native asset of Flickto tokenomic system, at reduced prices.

Flickto’s progress is backed by a team of seasoned art professionals, engineers and business developers. Namely, Ben Morris and Geraint Harvard Jones, high-profile directors and producers, joined Flickto as advisors and partners.

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About the author

Blockchain Analyst & Writer with scientific background. 6+ years in IT-analytics, 3+ years in blockchain.

Worked in independent analysis as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)