After five days of the ISPO launch, four pools were filled up with almost $200,000,000 in ADA tokens and showed no signs of stopping. In the first 24 hours, the first pool was filled up and roughly $90 million of ADA tokens were staked. This ISPO that was put forward by MELD was the first of its kind in the industry and saw resounding success immediately. What is an ISPO?Īn ISPO, or Initial Stake Pool Offering, refers to a situation in which interested parties participate in an upcoming project not by buying a token as is done in the case of an ICOs and STOs but involves them staking their ADA into a pool with the expectation of receiving reward later in time. This represents not just a new way to raise funds for new projects but a recalibration of the best practices within the industry itself as well as a whole new world of benefits for consumers. History was recently made as MELD launched the first-ever Initial Stake Pool Offering (ISPO) on July 1, 2021. Now, new ways of fundraising are taking center stage and some are addressing long-standing industry issues. However, multiple fraudulent ICOs and a general disorganized process have seen them falling out of favor with the public. At a certain point in time, Initial Coin Offerings were the go-to way to raise funds within the industry. Few aspects of the industry have seen as much change over the years as the ways in which projects launch their ideas. The blockchain and crypto industries are forever changing, particularly in the ways that individual projects operate.
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