As a result, SundaeSwap is pleased to announce that our ISO and DEX will launch simultaneously concisely after the Alonzo hard fork on the Cardano mainnet .
We ’ rhenium gallant of our SundaeSwap residential district for having invented the ISO, and delighted to see indeed many innovative projects benefiting from it. We ‘re looking advancing to being one of the beginning and largest Cardano projects to distribute rewards to members of our community. We will collect zero ADA rewards from the stakers—we know how valuable your rewards are, and we see distributing SUNDAE tokens to our early and most loyal supporters as the best use of the ISO for the long-run success of SundaeSwap .
here are some of the details we can share today :
Reading: SundaeSwap ISO Details – SundaeSwap
- Rewards Structure and Length. We will distribute 1 % of our total supply each epoch over a sum of 5 epochs ( i.e., over a total of 25 days ) .
- Distribution Timeframe. angstrom stimulate as we are to offer the ISO, we ’ re even more excite about the SundaeSwap DEX. To avoid forcing people to choose between staking in the ISO or participating in the DEX, we ’ ve opted to give the ISO a shorter duration to support the long term success of the DEX .
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Stake Pools. One thing that hasn ’ t changed since the last update is that we are placid planning to have autonomous SPOs run our pools. This helps us achieve our goal of not taking any rewards, including the 340 ADA granted to SPOs. Multiple pools will be spun up in ordering to distribute the rewards fairly among all delegators.
Read more: Mango Bingsoo – Doobydobap
- “Whale Control.” Our finish is to make the SundaeSwap ISO as bonny and democratic as potential, and this means we will be exploring equitable distribution models to ensure that smaller participants can still enjoy all the benefits of ISO involvement. To achieve this, we intend to implement diminishing rewards in order to mitigate the chances of a whale claiming most of the rewards. With this border on, each extra ADA will earn you fewer SUNDAE in arrange to benefit smaller ADA holders. We besides are reviewing respective other methods for giant command which we will continue to explore and may implement prior to the launch of the ISO .
- Minimum ADA. While there is inactive the 10 ADA minimum required by the blockchain to stake to a pool, there is no minimum measure needed to collect your SUNDAE as all rewards will be distributed through a bright narrow.
We know most of you have been patiently waiting for more ISO news, and we are excited to have found an optimum path that lets us keep our promise to our residential district and at the like time avoid any negative regulative repercussions that could come from the examination that both DEXs and ISOs might inevitably otherwise attract .
Our “ greenpaper ” describes the regulative model we believe DEXs will ultimately operate under, providing context for our decision not only to delay the ISO, but to hold off on an ISO until the DEX plunge. We will be releasing it shortly on our web site and will share an announcement on all our platforms when it is finished .
We very much appreciate and rate your continue confirm, and look forward to sharing more updates with you as we get closer to launch .
