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Foreon's Initial Stakepool Offering
- Pool name: Foreon Stake Pool
- Pool ticker: FRN
- Pool Owner: Foreon Network
- Pool margin: 99%
- Start Date and Duration: The ISPO begins on Cardano epoch 433 (28th August 2023) and will run until all the 2.5 million allocated $FRN tokens are distributed.
- Reward formula: 1 $FRN for every 2000 ADA staked (excluding boosted rewards per epoch)
- Distribution: 2.5 million $FRN tokens (25%) will be earned during the Foreon ISPO.
The reward distribution is straightforward: 1 $FRN token for every 2000 ADA staked per epoch (Excluding the bonus rewards).
So far we have gotten almost 8 Million ADA delegation and we have more good news for the boosted Rewards as we’ve revised the boosted reward bonus for Foreon NFT holders to an impressive 10% for each Foreon NFT held.
So for example, if you stake 200,000 ADA to Foreon ISPO pool for the entire duration of the ISPO and you have 1 Foreon NFT in the wallet, you will receive a 10% boost to your original staking rewards. So if you have 5 NFTs in the wallet, you will be entitled to a 50% boost to your original staking rewards.
Stake with the Foreon ISPO, and the longer you stake, the more $FRN tokens you’ll earn.