Cardano Project Flickto Surpasses 1.5 Million ADA Staked One Month After Launch
December 03 2021 - 11:25PM
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Flickto has seen tremendous success since its first launch on Nov
1st. The number of delegates on the platform has grown rapidly, as
has the volume of ADA staked. Less than one month after launch,
more than 1.5 ADA has been staked on its ISPO delegator pool. The
project is revolutionizing the way that media financing is carried
out. Flickto uses the ISPO pool to fund projects through community
partnerships. The media launchpad provides creators with the
financing they need to produce their content, while simultaneously
providing users the ability to earn passive income by way of
distribution royalties after the projects are completed. Staking In
Flickto ISPOs Users can stake and earn rewards by staking their ADA
and earning Flickto’s native token FLICK. Staking with FLICK tokens
gives the user the right to vote for the projects which they would
like to see funded. Then when the projects are approved by the
broader community via voting with staked FLICK tokens, financing is
provided until the project is distributed. At which point users
will start earning royalties. Users are able to fund projects that
will eventually be seen on the big screen in theaters and also on
their TV screens. This takes the power over the media industry out
of the hands of a few conglomerates and puts it in the hands of the
community, completely eliminating the barrier to entry for
industries such as this. In addition to the rewards from staking
FLICK and ADA, participating in voting also earns users rewards. It
also makes users eligible for extra rewards, like the
just-concluded airdrop that saw two NFTs go to users who have
staked in the pool. Where Media Meets Blockchain Flickto is the
first of its kind on the Cardano blockchain and as such has
recorded much success since launch. It entered into a partnership
with media industry veterans Ben Morris and Geraint Harvard Jones,
who serve as advisors to the project. With decades of experience
between the two, they will guide Flickto as they navigate the media
project financing space. Artists from various genres can be
selected by the community for financing. Flickto is not just
limited to film and TV production. NFT artists and content creators
are another example of projects that users can vote on. FLICK
Private And Public Sale Flickto has completed the first phase of
its Private Sale round with great success. The next opportunity to
acquire FLICK outside of the ISPO is via the upcoming IDO. The
private sale gave users the opportunity to purchase the tokens at a
low price. The Cardano-based project will help accelerate Flickto
to provide efficient and transparent crowdfunding services. The
total supply of FLICK tokens is capped at 5,000,000,000 with a
total of 1,000,000,000 FLICK tokens going up for sale in the
private sale.
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