Cardax Doc Center
Initial Stake Pool Offering (ISPO)

What is an ISPO?

An initial stake pool offering (ISPO) is an innovative way for crypto projects to raise capital without affecting the decentralised operation of the existing blockchain network. ISPOs were first introduced in the Cardano ecosystem and involve using Cardano stake pools to work.
This type of funding option is extremely new in the industry and has been gaining immense popularity among the community due to the benefits that it provides over other capital fundraising methods.
ADA holders simply stake their ADA tokens in the relevant stake pool and are rewarded with the platform's own token (in our case, CDX)
At the same time, a certain percentage of the staked ADA tokens will go towards funding the specific Cardano project that the stake pool supports.
With such a model, the way to fundraise for specific projects that ADA holders want to support becomes easier.

ISPO Basics

Total CDX rewards
ISPO Starts
July 4th, 2022 (Epoch 349)
December 1st, 2022 (Epoch 379)
5 months


$CDX Rewards Release

CDX tokens will be airdropped to delegator's wallet after the ISPO completes, based on a vesting schedule.
50% released June, 2023
50% released October, 2023

How are CDX rewards calculated?

Every epoch, Cardax ISPO will reward a number of CDX tokens. Those tokens will be distributed in proportion to the amount of ADA staked. With a variable reward conversion, we cannot estimate precisely how much a delegator will earn in rewards.

Which pools should we delegate to participate in the Cardax ISPO?