We are pleased to announce the launch of the MAYZ ISPO. The Initial Stake Pool Offering (ISPO) is an innovative mechanism that allows delegators of Cardano’s Proof-of-Stake (POS) network to engage as early adopters in new protocols, receiving protocol governance tokens as rewards from the delegation. ISPO is a mechanism that is unique to Cardano’s blockchain.
ISPO available NOW
Initial Stake Pool Offering (ISPO)
To perform the first ISPO, MAYZ is associated with the [1MATE] pool, TosiDrop, RatsDAO, and Onesies NFT collection. The MAYZ´s ISPO will last 55 epochs, starting at epoch 378.
– [1MATE] pool will make available its infrastructure to manage this new phase of financing the MAYZ Protocol.
– TosiDrop will provide the mechanism for delegators to claim $MAYZ token when the claim window opens.
– The RAT Token will be boosting rewards as follows:
- RAT 5.000 to RAT 10.000: +8% rewards
- RAT 10.001 to RAT 25.000: +12,5% rewards
- RAT 25.001 or more: +25% rewards
Rat token Policy ID
– Onesies CNFT collection will be boosting rewards as follows:
- 2 to 5 Onesies: +15% rewards
- 6 to 10 Onesies: +27,5% rewards
- 11 or more Onesies: +50% rewards
Onesies Policy ID
– The RAT Token boosting rewards and the Onesies boosting rewards sums up.
There are 4 Tiers of delegators with an increase APY in $MAYZ
- 1 ADA to 3,000,000 ADA: 57,14%
- 3,000,001 ADA to 12,000,000 ADA: 42,86%
- 12,000,001 ADA to 36,000,000 ADA: 28,57%
- 36,000,001 ADA to 60,000,000 ADA: 14,29%
Depending on the following variables, the $MAYZ rewards will be calculated every epoch:
- Amount of ADA delegated
- Amount of RAT held
- Amount of Onesies NFT held
- Start date: November 26th, 2022 (epoch 378).
- Completion date: August 28th, 2023 (epoch 433).
- $MAYZ Claim Open Date: September 28th, 2023.
- The rewards will be distributed in 5 monthly stages depending on the delegator’s loyalty:
- 100% to 81%: September 28th, 2023
- 80% to 61%: October 28th, 2023
- 60% to 41%: December 28th, 2023
- 40% to 21%: January 28th, 2024
- 20% or less: February 28th, 2024
- Operation for 55 Epochs (1 epoch = 5 days).
- The $MAYZ reward will be calculated at the end of each epoch.
- The $MAYZ claim will be made using the TosiDrop platform.
- In the case of pool saturation (ADA 60.000.000), another one will be open.
- [1MATE]: View in CEXPLORER.io