ISPO
Introduction
SyncToken's Initial Stake Pool Offering (ISPO) is a strategic launch plan designed to distribute 20,000,000 tokens (20% of total token supply) to participants in a phased and sustainable manner. The ISPO will allow ADA holders to stake their ADA and receive SyncToken (SYN) in return, fostering a strong community and ensuring widespread token distribution.
ISPO Phases
Phase 1: Initial Distribution
Tokens Allocated: 10,000,000 SYN (50% of total ISPO supply)
Exchange Rate: 0.067 SYN per 1 ADA staked per epoch
Duration: This phase will continue until all 10,000,000 SYN tokens are allocated.
Phase 2: Extended Distribution
Tokens Allocated: Unlimited until phase closure
Exchange Rate: 0.0335 SYN per 1 ADA staked per epoch (halved from Phase 1)
Duration: This phase will commence immediately after the end of Phase 1 and will run for 3 months.
Phase 3
Tokens Allocated: Unlimited until phase closure
Exchange Rate: 0.01675 SYN per 1 ADA staked per epoch (halved from Phase 2)
Duration: This phase will commence immediately after the end of Phase 2 and will run for 3 months.
Token Generation Event (TGE)
Post-TGE Allocation for Liquidity: 20% of total supply SYN tokens (20,000,000 SYN) are allocated to ensure liquidity in various exchanges and pools.
Post-TGE ISPO
Continued Staking Rewards: After the TGE, the ISPO will continue indefinitely until the total allocated supply of ISPO is distributed.
Reducing Exchange Rate: The exchange rate for staking rewards will halve at the conclusion of each phase, starting from the initial rate set in Phase 2.
1
0-6 months
0.01675
6 months
2
6-12 months
0.008375
12 months
3
12-18 months
0.0041875
18 months
4
18-24 months
0.00209375
24 months
5
24-30 months
0.001046875
30 months
6
30-36 months
0.0005234375
36 months
7
36-42 months
0.00026171875
42 months
8
42-48 months
0.000130859375
48 months
9
48-54 months
0.0000654296875
54 months
10
54-60 months
0.00003271484375
60 months
Notes:
Phase: The sequential number of the 6-month period post-TGE.
Duration From TGE: The timeframe post-TGE for each phase.
Exchange Rate: The number of SyncToken (SYN) tokens awarded per ADA staked per epoch during the phase.
Cumulative Duration: The total time elapsed from the TGE to the end of each phase.
This table serves as a guideline for stakers and participants to understand their potential rewards over time and to plan their participation in the ISPO accordingly.
Key Features and Benefits
Sustainable Token Distribution: By using a phased ISPO approach, SyncToken ensures a balanced and prolonged distribution, preventing market flooding.
Incentives for Early Participants: Early stakers benefit from higher exchange rates, encouraging robust early participation.
Ongoing Rewards Post-TGE: Stakers continue to receive rewards, with diminishing rates to protect the token's value and encourage long-term support.
ISPO Rewards and Claim Process:
Reward Distribution: $SYNC tokens earned through the ISPO will be distributed through Tosidrop.io over a six-month vesting period.
Claim Process: Delegators will be able to claim their $SYNC tokens on the Tosidrop website each month over the distribution period or opt to claim all their rewards at the end of the distribution period.Conclusion
The SyncToken ISPO is structured to balance immediate rewards with long-term sustainability. By participating, stakers support the SyncToken ecosystem while earning rewards in a fair and transparent manner. This approach ensures that the SyncToken community grows in alignment with the network's strength and utility.
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