Not a lot of projects possess the ability to be convincing at first glance but Flickto has managed to pull this off. One look at the Flickto project conveys its mission to potential investors and that is to help creators produce their work. Flickto has recognized that there is a gap to be filled in the media space when it comes to financing and has taken steps to bridge this gap.
Flickto enables Cardano users to fund media projects in return for a reward. This way, the media launchpad is able to provide financing to creators and artists through pools funded by investors. This is a first-of-its-kind launchpad in the Cardano ecosystem that enables anyone to fund and sponsor media productions of their choosing.
Financing With Flickto
For a project to receive financing through the Flickto launchpad, users will first need to vote on the project. To vote, users need to hold FLICK tokens. These tokens are then staked, which confers the right to vote on the holder. Projects with the most votes then go on to be financed by the community. Users are also allowed to stake their ADA tokens alongside their FLICK tokens.
Participation in voting also attracts rewards for the users who have voted for a media project. Every media project financed by the Flickto community comes with perks for the investors. They are guaranteed a share of distribution royalties from all of the projects financed through the platform. Flickto aims to fund the next generation of content creators, filmmakers, TV producers, and NFT artists.
Film industry veterans Ben Morris and Geraint Harvard Jones have joined the project as advisors. Bringing decades worth of experience across direction and production spheres, Morris and Jones will help guide Flickto in the right direction.
Funding Using ISPOs
Flickto makes use of the ISPO model to finance media projects. ISPOs have come into favor in the crypto space because they’re a sustainable way to finance blockchain projects by allowing users to get involved by becoming delegators. This allows investors to get involved in the Flickto project right away. Adoption of the delegator pool has grown rapidly with nearly 200 delegators and more than 1.5 million ADA in Active Stake.
The ISPO will serve as a mechanism to raise funds for the project, as well as secure financing for the approved media projects. Some projects have already begun to use ISPOs to finance initiatives on the Cardano blockchain and have found success doing so.
How to Get Started
The Flickto project is still in its infancy as it launched recently, which means investors can still get in on the asset early on. The first private sale for FLICK tokens came to an end last week.
Users can also stake ADA to earn FLICK tokens, as well as enter into various NFT airdrops related to the project.
Subsequent to the private and presale rounds, users will be able to obtain FLICK tokens from centralized and decentralized exchanges once the token is listed. This will ensure that the digital asset is evenly distributed and readily available for investors to be able to take advantage of the launchpad.
The total supply for FLICK tokens is capped at 5,000,000,000 (five billion). 65% will go towards public distribution, with 15% distributed across teams, advisors, and partners, 15% to liquidity and treasury, and 10% for marketing and operations.