10 ISPOs for the rest of the year
If you are HODLing some ADA like me you want that ADA to work for you in a good way, sure you can stake it with a good stake ppol and get around 4% yield on it in a safe fashion. But just as safely you can stake it to an Initial Stake Pool Offering (ISPO) and let them take a a big cut (usually 100%) off the ADA rewards in return for providing you their token.
Participating in an ISPO is a great way to safely and without investment diversify your portfolio and also help funding a project on Cardano!
Here is 10 ISPOs that you can start staking to today and stick with for the rest of the year!
IAMX
Is a Self-Sovereign-Identity (SSI) solution. Which is meant to allow you to monetize your identity instead of big corporations. You do the KYC you want to do once and then you can allow business to take part of that with one click once, instead of having to do multiple KYCs with multiple business.
IAMX is a interesting infrastructure project and their ISPO is active now until the 31st of December 2022.
Their website:
Extensive article about joining their ISPO:
https://medium.com/iamx-own-your-identity/how-to-participate-in-the-iamx-ispo-2447703470d9
5 Tokens though Genius X
Genius X is an accelerator program for new Cardano project, using their old stake pools for their ISPO they are now offering an airdrop of 5 different tokens if you stick. These are project they have themselves decided to accelerate and help and these projects will get a big cut of the ADA rewards, while the ADA delegators will share around 3% of each tokens total supply.
This is a great ISPO to easily get a diverse portfolio with tokens that has passed through the scrutiny of Genius X. It will take place between 12th of September 2022 to 15th of January 2023
Their website:
An article explaining everything about the ISPO:
https://medium.com/@GeniusXOfficial/worlds-first-multi-token-ispo-by-genius-x-df789f6ea5b5
Flac Finance
Taking loans with your crypto as collateral. A crypto debit card. A bridge to other blockchains. Crypto and fiat swapping service. Not to mention the ability to earn yield everyday, especially if you hold FLAC.
It's an ambitious project but it might just be possible. The Team has already delivered Cardanoscan and Typhon Wallet.
The ISPO is going on right now and will end on the 10th of January 2023.
Their website:
Read about the ISPO here:
https://docs.flac.finance/ispo/
Summon
Summon is a tool to create DAOs on Cardano. Their goal is to help out with decentralizing governance for projects.
I don't know how long it will go on but it recently started. Through the ISPO they are distributing 17% of their total supply, which is a lot, and they are doing the distribution like Maladex did, a good sign, that they are inspired by such an recognized project.
Their webiste:
About the ISPO:
https://summonplatform.io/summon-platform-ispo/
Cornucopias
A Cardano project view fans of the blockchains have missed is the illustrious Cornucopias metaverse. They have some incredible hype around them though their token is still quite low in marketcap. They are running a stake pool with a margin fee of 5% which means you get to keep a lot of the ADA rewards and for a little more than two months as of this article you can also gain an additional COPI on top of that!
It's not really an ISPO but it's a nice way to get some extra tokens while not really giving up your ADA rewards. For a limited time. Also there seems to be some NFT staking here as well if you delegate with a wallet holding one of their NFTs, I couldn't find the source from where I read that but if you hold one of their NFTs it's probably worth looking this up.
Their website:
Info about the "ISPO":
https://www.youtube.com/watch?v=wvGAGNv86Y0&t=620s
Ray Network
A ecosystem made up of a wallet, a launchpad, a DEX, a NFT minting service and much more. 10 Projects are tied to the XRAY token in the Ray Network. Their most successful achievement so far is the XRAY ISPO with currently almost 260 million ADA delegated to their stake pools!
They have 0% margin fee, so you get full ADA rewards and their token as a nice bonus. Once you've earned some free XRAY you can provide liquidity and on one of the big DEXes and earn a nice yield from there. Just like I've done! I haven't invested any ADA but it's all been very profitable for me.
Their website:
Their ISPO:
Cardalonia
Cardalonia is a meteverse project with a cute art style and seemingly a good chunk of money going into marketing. It seems to be in a very early stage trying to attract investors and delegators for their upcoming ISPO, yeah the ISPO hasn't started yet but it should any day now as far as I can tell. Getting some free metaverse tokens isn't a bad idea, these things can be a superb holding if all goes right.
Their website:
Their ISPO:
https://www.cryptonewsz.com/cardalonia-schedules-ispo-and-ieo-following-flash-sale/
Iagon
Iagon is a interesting project for decentralized storage. They have a big aim on being compliant with regulations and has gotten funding from the state of Norway. They have already done a lot of their infrastructure on Ethereum and hold some patents.
Their ISPO will go on for as long as they have allocated tokens to distribute, and with the low amount of delegated ADA so far I'd expect this ISPO to continue to the end of the year.
Their Website:
Their ISPO:
https://blog.iagon.com/iagon-ispo-loyalty-rewards-program-announced/
NEWM
This projects aims to combat the greedyt music industry by reducing the middle men between artists and fans. Once it is done Newm will be a marketplace to buy music and the place where you listen to it. That's the plan, personally I don't pay for music but who knows, this project might find it's users. What is nice is that you only have a 25% margin fee meaning you'll get a lot of the ADA rewards in addition to the NEM that you can claim at dripdropz token distribution service.
Their website:
Their ISPO:
SCATDAO
This is a interesting project and might be very useful for the Cardano community. Decentralized audits of projects has the promise of making auditing cheaper and easier and the ecosystem less reliant on monoliths overseeing every entrepreneurial progress.
The ISPO doesn't have a end date, they aim to acquire 1.5 million ADA and then conclude it. I don't know how far they have gotten but I'd imagine it will last until the end of the year since it hasn't been up for 3 months yet and they don't have that high saturation of the stake pool.
Their Website:
Their ISPO:
https://medium.com/cardano-journal/smart-contract-audit-token-ispo-overview-c147da7e2836
In conclusion
There are so many ways to earn free tokens on Cardano it can be difficult to know where to start looking. ISPOs is a safe, free and passive way to do so, were you get to help fund a project. One good place to look for ISPOs is Maestro who is trying to develop a business model of ISPO-as-a-service. You can currently track 3 ISPOs there and I think there will be more in the future.
Their website:
