Flickto, a project based on Cardano launched on November 1, has found tremendous success. It has enjoyed a rapidly growing number of delegates on the platform and a very high volume of ADA staked. Since its founding, over 1.5 million ADA has been staked on its ISPO delegator pool, NewsBTC.com reported.
Revolutionizing media financing
Flickto is transforming the realm of media financing. It funds projects through the ISPO pool and community partnerships, providing users with the ability to earn passive income and creators with the financing they require for their content. After projects are completed, royalties are distributed to users.
Stake and earn rewards
Members of the Flickto community can stake and earn rewards. They do this by staking their ADA and earning FLICK, Flickto’s native token. Users who stake with FLICK get the right to vote for the projects they feel deserve funding. When the broader community approves the projects, funding is provided until the project is distributed. Then, users begin to earn royalties.
Placing the community in control of the media
The fact that users can fund projects that will eventually be broadcast on TV and in cinemas means the community will control the media instead of a few conglomerates, as is the case now. This also does away with the barrier to entry.
Users can also earn rewards by taking part in voting. In a recent airdrop, users who staked in the pool received two NFTs.
The blockchain meets the media
Flickto is the first project of its kind launched on Cardano. Media veterans Ben Morris and Geraint Harvard Jones serve as project advisors. The two titans, who have decades of combined experience, will provide guidance as they navigate the space of media project funding.
The community can select artists from various genres for funding. What’s more, Flickto’s scope goes beyond TV and film production. Users can also vote on NFT artists and content creators.
Upcoming IDO for Flickto
Flickto’s private sale was highly successful. The next step for the project is an IDO, in which people can acquire FLICK tokens. People could buy the cryptocurrency at a low price in the private sale. The ultimate goal of Flickto is to provide effective and transparent crowdfunding services. A total of 5 billion FLICK tokens are available. A fifth of them were sold in the private sale.
