Flickto: Cardano’s first DeMe platform provides passive income through media project distribution
In recent weeks Cardano has gained considerable traction and the once proclaimed ‘Ghost Chain’ has begun to turn heads. Since the launch of DEXs and the consistent growth of projects, they are captivating the crypto world’s attention. Cardano has made it possible for projects building on top of its network to launch what is known as an ISPO.
This model (native to Cardano) allows projects to run stake pools, providing them with an opportunity to essentially gain community funding. Participants or delegators as they are typically known, have the ability to delegate their $ADA to pools of their choice. If a pool attracts a sizable amount of delegates and stakes they will be awarded the opportunity to mint blocks, which results in passive income for its delegates.
Flickto has used the innovative protocol of Cardano and created their ISPO Remastered, with a vision to disrupt the media industry. As the pioneers of what they have coined DeMe (decentralized media) interest in their project continues to grow. Flickto is in the midst of ISPO Remastered with their pool accruing more than forty million worth of ADA.
Research into the project has shown that Flicktos stake pool is amongst one of the most rewarding in the ecosystem. Delegators receive 0.33 $FLICK per EPOCH for every ADA they stake with the [FLICK] pool. This provides delegates with more than just a token, it allows them to be exposed to a portion of distribution royalties that accrue from successful projects.
The media industry is a two-trillion-dollar industry, where revenue and profits are conserved for specific individuals. Projects that cipher through the Flickto voting rounds, and that go on to successfully gain distribution royalties, will provide the Flickto community and project creator with rewards in the form of $ADA.
Creatives that exchange their Intellectual Property with media conglomerates receive as low as 1% of distribution royalties. Flickto aims to reinvigorate the flow of unique and diverse human storytelling by perpetuating untold, cultural stories that reside around the world.
Pioneering a mission to diminish the control of centralized authorities, where only a mere six entities disseminate content is no easy feat. However, David was able to beat the odds and defeat Goliath. If Flickto continues on this trajectory their hard work will certainly see their vision come to fruition.
Disclaimer: This is a paid post and should not be treated as news/advice.