Ardana’s ISPO Multiplier-Fest Arrives To Incentivize Decentralization On Cardano

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Cardano’s stablecoin hub Ardana’s unique Initial Stake Pool Offering finally got off the ground this week, giving supporters of the Ardana Stake Pool Alliance a nice opportunity to rack up some beefy bonus multipliers on their earnings rewards. 

You may already be familiar with Ardana’s ASPA stake pools, which are responsible for processing transactions on the Cardano network, helping it to maintain its long-term viability and security. Stake Pools provide a way for the Cardano community to participate in the running of the network while earning rewards, without needing to host a node. 

With Ardana’s stake pools, users can delegate their ADA to a specific project and receive the tokens of that project as rewards. This is different from an traditional ICO, where investors essentially purchase the project’s native tokens up front. Instead of spending their ADA tokens, they stake them and earn rewards - while keeping their original tokens. In this way the only risk for investors is that they might lose their rewards. They’ll get their ADA back once the staking period is up. At the same time, they still get early access to the native token of the projects they back. 

However, Ardana has said before that it is becoming worried by the consolidation of staked ADA in a limited number of stake pool operators that run multiple pools. This could lead to the network becoming less decentralized, which is a big no-no for any blockchain worth its salt. As a result, Ardana has come up with the ISPO to provide more incentives to smaller stake pools. 

The idea with ISPOs is to reward long-term backers