![]() ![]() An ISPO provides interested parties with the ability to participate in an upcoming project not by buying a token as is done in the case of ICOs and STOs, but rather by staking their ADA into a Cardano stake pool. We did it."Īn Initial Stake Pool Offering is a liberating new way for early adopters to support MELD using the Cardano blockchain. Later, however, I found out that the idea of an ISPO had been proposed, but it had never been done. So I started thinking of this, and how to go about it and that is how I came up with the ISPO model. "'Fair launch' was an idea the community talked about and I really embraced. "The idea of the ISPO came to me after seeing community criticism of a project launch where none of the community managed to get any tokens," said Ken Olling, Co-founder & Chairman of MELD. Just five days after the ISPO launch, four pools were filled up, equating to almost $200,000,000 USD worth of value coming from MELD ISPO participants. Within the first 24 hours of MELD's ISPO, the first pool was filled up and roughly $100 million USD worth of value was staked. With almost 40,000 participants, the ISPO has successfully generated over $10M of revenue for MELD, which will be used to build out accessible new financial services for the 2 billion people in the world who are underbanked, unlocking $15T of economic value. 10, 2021 (GLOBE NEWSWIRE) - MELD, the first DeFi, non-custodial, banking protocol, has announced that it has now reached over $1 billion USD in contributions towards its Initial Stake Pool Offering (ISPO). MELD Completes the World's First ISPO, Securing More Than $1 Billion of Contributions MELD Completes the World's First ISPO, Securing More Than $1 Billion of Contributions ![]()
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