The Orcfax ISPO
Orcfax launched its Initial Stake Pool Offering (ISPO) in the Cardano blockchain’s 400th epoch. An ISPO is a fund-raising mechanism that is popular within the Cardano blockchain community. The basic principle is that ADA delegators forgo their ADA staking rewards each epoch (5 days) in return for a proportionate share of a particular Cardano native token. In Orcfax’s case that is $FACT, the utility token used for publication fees, staking, rewards, and voting within the Orcfax DAO.
The Orcfax ISPO successfully concluded in epoch 413, and the Orcfax pool retired in epoch 424. To conclude this phase, Orcfax published both an ISPO Retrospective and a dashboard breaking down the ISPO.
How did reward distribution work?
100M $FACT was made available to delegators through a partnership with TosiDrop across a 6 month vesting period. Participants were able to claim 1/6 of their rewards each month by visiting the site and inputting the stake address used during the ISPO.
How can I calculate my rewards?
Participants can use the Orcfax Rewards Calculator to check the rewards earned by participating in the ISPO. Simply enter the stake address used during the ISPO campaign.
When will my rewards be available on TosiDrop?
Participants were able to claim 1/6 of their rewards each month on the dates listed within the table below.
| Drop | Epoch | Date |
|---|---|---|
| 1st drop | epoch 437 | 2023-09-17 |
| 2nd drop | epoch 443 | 2023-10-17 |
| 3rd drop | epoch 449 | 2023-11-16 |
| 4th drop | epoch 455 | 2023-12-16 |
| 5th drop | epoch 461 | 2024-01-15 |
| 6th drop | epoch 467 | 2024-02-14 |
NOTE: While the final reward drop was made available to participants in Epoch 467, the last Epoch to claim any rewards will be 510 or September 16, 2024.