Cardano Launchpad Flickto Brings Media Financing To The Masses
10 Diciembre 2021 - 7:08AM
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Not a lot of projects possess the ability to be convincing at first
glance but Flickto has managed to pull this off. One look at the
Flickto project conveys its mission to potential investors and that
is to help creators produce their work. Flickto has recognized that
there is a gap to be filled in the media space when it comes to
financing and has taken steps to bridge this gap. Flickto enables
Cardano users to fund media projects in return for a reward. This
way, the media launchpad is able to provide financing to creators
and artists through pools funded by investors. This is a
first-of-its-kind launchpad in the Cardano ecosystem that enables
anyone to fund and sponsor media productions of their choosing.
Financing With Flickto For a project to receive financing through
the Flickto launchpad, users will first need to vote on the
project. To vote, users need to hold FLICK tokens. These tokens are
then staked, which confers the right to vote on the holder.
Projects with the most votes then go on to be financed by the
community. Users are also allowed to stake their ADA tokens
alongside their FLICK tokens. Participation in voting also attracts
rewards for the users who have voted for a media project. Every
media project financed by the Flickto community comes with perks
for the investors. They are guaranteed a share of distribution
royalties from all of the projects financed through the platform.
Flickto aims to fund the next generation of content creators,
filmmakers, TV producers, and NFT artists. Film industry veterans
Ben Morris and Geraint Harvard Jones have joined the project as
advisors. Bringing decades worth of experience across direction and
production spheres, Morris and Jones will help guide Flickto in the
right direction. Funding Using ISPOs Flickto makes use of the ISPO
model to finance media projects. ISPOs have come into favor in the
crypto space because they’re a sustainable way to finance
blockchain projects by allowing users to get involved by becoming
delegators. This allows investors to get involved in the Flickto
project right away. Adoption of the delegator pool has grown
rapidly with nearly 200 delegators and more than 1.5 million ADA in
Active Stake. The ISPO will serve as a mechanism to raise funds for
the project, as well as secure financing for the approved media
projects. Some projects have already begun to use ISPOs to finance
initiatives on the Cardano blockchain and have found success doing
so. How to Get Started The Flickto project is still in its infancy
as it launched recently, which means investors can still get in on
the asset early on. The first private sale for FLICK tokens came to
an end last week. The project is set to launch its IDO powered by
Cardano-based project, KICK.io, where users will be able to
purchase FLICK tokens. Users can also stake ADA to earn FLICK
tokens, as well as enter into various NFT airdrops related to the
project. Subsequent to the private and presale rounds, users will
be able to obtain FLICK tokens from centralized and decentralized
exchanges once the token is listed. This will ensure that the
digital asset is evenly distributed and readily available for
investors to be able to take advantage of the launchpad. The total
supply for FLICK tokens is capped at 5,000,000,000 (five billion).
65% will go towards public distribution, with 15% distributed
across teams, advisors, and partners, 15% to liquidity and
treasury, and 10% for marketing and operations.
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