How Much Sundaeswap Will I Get

ADAOZ is now a SundaeSwap ISO stake pool. The SundaeSwap ISO is coming and it’south now your gamble to first preparing to get your SundaeSwap tokens.

Updated: 23rd Jan 2022

We are at present a SundaeSwap ISO pool. You can delegate to ADAOZ and receive SundaeSwap tokens.

Please see the latest announcement in regards to the ISO pools.

SundaeSwap ISO Start Date Announced 20th January 2022 Mainnet Launch

The SundaeSwap team accept released the details in regards to when the decentralised exchange will launch and when the Initial Stakepool Offer (ISO) will start.

The fundamental dates are as follows.

20th Jan 2022: SundaeSwap DEX Launches on Mainnet

25th Jan 2022: The first snapshot for Sundae token distribution is taken. Yous must accept your ADA delegated to one of the SundaeSwap Scooper pools by this date. 25th Jan 2022 9:45 pm. If yous miss this date, you will miss the first distribution round of ADA.

The ISO will go along for some other 5 epochs.

Each epoch will distribute 20M Sundae tokens.

The amount of Sundae per ADA will depend on how much ADA is staked for distribution at those snapshots.

You can observe out more about the official announcement on the SundaeSwap Medium post.

Choosing a SundaeSwap Stakepool for the ISO

If you take not yet chosen a pool to delegate to, at present is the fourth dimension to investigate and determine which pool you will want to delegate to.

After the ISO ends, we invite yous to come back to our pale pool.

Watch the Video of the SundaeSwap DEX in Activeness on Testnet

If you accept non all the same experienced what information technology is like to interact with SundaeSwap, this is your hazard to familiarise yourself with the DEX on Testnet using examination ADA. That style you will be ready and not confused when it comes to launch.

About the SundaeSwap ISO

SundaeSwap is one of the promising decentralised exchanges that is launching on the Cardano blockchain. Having expressed their solutions and critical thinking behind what is required to create a DEX that works on a UTXO based blockchain, we’re positive that SundaeSwap will be one of the top-performing DEXes on Cardano.

With the final pieces coming online, such as the Plutus Application Backend (PAB), for Cardano smart contracts to be fully operational for diverse decentralised finance solutions and decentralised exchanges (DEX) we’ll see DEXes such as SundaeSwap finally commencement their Initial Pale Offering to start distributing their DEX protocol tokens.

There has been much anticipation for the SundaeSwap ISO and the details for the solution for their DEX take been announced along with all the details around their ISO so yous can get your SundaeSwap tokens.

This blog post will answer everything y’all demand to know about how to get SundaeSwap tokens, what they are for and everything you demand to practise to prepare for the upcoming SundaeSwap ISO.

If you’re interested in the technical aspects of their decentralised exchange and their solution, please read their latest commodity on their SundaeSwap’south concurrency solution & their Scooper model.

SundaeSwap ISO
SundaeSwap ISO tokens for their decentralised exchange

What is the SundaeSwap ISO?

The SundaeSwap squad have decided to distribute their tokens for their decentralised substitution via an Initial Stake Puddle Offering (ISO).

The SundaeSwap ISO will distribute tokens to delegates that accept staked their ADA to various different pools that have been shortlisted and voted upon by the community.

ADA Holders that wish go obtain SundaeSwap tokens will participate in the ISO by delegating to these stake pools and be rewarded in ADA as per Cardano protocol and in SundaeSwap tokens.

Y’all can read more than about the SundaeSwap ISO from their Medium weblog.

Which Stake Pools Will Offer the SundaeSwap ISO?

How Many Cardano Pale Pools Will Be Providing the SundaeSwap ISO?

At the fourth dimension of writing this article, at that place are 84 stake pools to cull from.

In comparison, MinSwap had 25 stake pools that are offering MinSwap tokens for their delegates that are staked to the partnered MinSwap pools and Meld had ten stake pools that offered Meld tokens and had over 650M ADA delegated to their pools.

When Volition The SundaeSwap ISO Commencement?

The ISO will start on the 25th of January 2022 at nine:45 pm UTC

How Long Volition the SundaeSwap ISO last for?

The SundaeSwap ISO will last for 25 days over five epochs.

Afterwhich the pools that are offering the ISO rewards will simply be supplying the SundaeScooper rewards, rewards specific to running the code required to operate and decentralise their decentralised exchange.

How Much SundaeSwap Tokens Will Exist Distributed in the ISO?

In full 100M Sundae tokens will be distributed which is five% of the public tokens.

one% being distributed every epoch (5 days) for 5 epochs (full 25 days).

When Will I Go My SundaeSwap Tokens?

At this moment, the team take decided to distribute SundaeSwap tokens at the cease of every epoch. This may change.

Based on the amount that is staked, i% volition be divided amidst all the delegates to the SundaeSwap ISO stake pools.

Yous volition accept to interact with a smart contract or a faucet to release your tokens to your wallet.

MinSwap is in the procedure of rolling out its smart contract for its equivalent ISO. Here are the instructions of how they are doing it: https://medium.com/minswap/how-to-claim-fiso-rewards-b348e21ef69e

What is the Tokenonics of the SundaeSwap projection?

SundaeSwap Tokenomics

55% of the SUNDAE supply volition go to the public, with five% of the total supply distributed to Initial Stake Pool Offering (ISO) participants among 5 epochs (i% every epoch).

SUNDAE Allocation

2 Billion SUNDAE tokens will exist minted at the inception of the DEX and will become available slowly over a period of time as the protocol matures.

How Exercise I Swap ADA for SundaeSwap Token?

Unlike other stake pool offer events such as Meld’southward ISPO, you will not negate your ADA rewards for SundaeSwap tokens.

Instead, you will freely get distributed the SundaeSwap tokens and your ADA rewards for staking to a Cardano stake puddle.

How Much is a SundaeSwap Token Worth?

How much is a Sundae token worth? This is anyone’s guess. As there is no toll set to the token and the token is a utility & governance token.

After launch, the market will make up one’s mind the toll based on the supply and demand of the token on the open markets.

Will Whales Get All the SundaeSwap Tokens?

The distribution of the tokens is mathematically geared in a way to non favour large wallets. If you were to stake millions of ADA to a SundaeSwap stake pool, you will get fewer Sundae tokens per ADA than a small wallet with server thousands of ADA would.

This helps with a fair distribution of tokens to the community. Information technology is a similar model that is used by MinSwap in their FISO and Mirqur in their token distribution.

What Is the Minimum Amount to Stake to Get SundaeSwap ISO tokens

According to their latest post about the SundaeSwap ISO, the minimum corporeality of ADA immune to stake is ten ADA.

You can stake in general to a stake pool with less and however earn rewards, but the amount y’all earn is very small.

What Wallets Back up SundaeSwap Tokens?

SundaeSwap wallet

For the SundaeSwap ISO, whatever native Cardano wallet will be able to support staking to one of the selected SundaeSwap stake pools.

Wallets include:
– Daedalus (Full node wallet)
– Yoroi (Calorie-free wallet)
– NamiWallet (Web3 wallet)
– ADALite (browser wallet)

Other wallets to be confirmed but take been mentioned:
– CCVault (formerly CCWallet, Brower wallet)
– GeroWallet (Browser/Web3 wallet)

You tin read our guide to Cardano wallets to go an agreement of what wallet might be suitable for you.

Equally long as you choose a wallet that allows for staking, you lot will be able to pale to the appropriate pool for the duration of the SundaSwap ISO.

Can US Citizens Participate in the SundaeSwap ISO?

Aye, they can, as the token is non a bandy of your ADA rewards for Sundae tokens. Y’all are simply getting Sundae tokens for gratuitous while staking to a stake pool to earn your regular Cardano ADA rewards.

Can I Utilize Daedalus on the Upcoming SundaeSwap Decentralised Exchange?

No, you can’t. Daedalus is a full node wallet which is an application that volition run on your computer.

You lot will need a web3 browser-based wallet such equally Nami or the new Yoroi wallet. This will allow y’all to interact with the website decentralised application and your wallet at the same time. More than information will be available soon.

Y’all tin can all the same apply Daedalus to stake for your Sundae tokens.

How Do I Vote for a Cardano Stake Pool to Offer SundaeSwap ISO?

The voting menstruation is over for the pale pools and you no longer need to vote for a puddle to be in the ISO.

The shortlist of stake pool operators has been finalised and can be plant on their website.

The voting power of a delegate will depend on the amount of ADA in their wallet balance. The more ADA that is in i’s balance, the more voting power they will take to select which pools are chosen. This is to stop Sybil attacks on the voting process.

In the futurity, the SundaeSwap token holders will be the ones voting on pools and other decisions which volition dictate the future of the decentralised exchange.

Practice You lot Get Rewards for Voting in the ISO

No, y’all don’t, yous just go to know that your fav pool operator may become voted for!

What Tin You Practise to Go Set for the SundaeSwap ISO?

Since the SundaeSwap ISO appointment has not been appear, yous will need to get your ADA and wallets ready.

If you’re ADA is on an exchange, y’all will need to create a new wallet and move that ADA to the wallet.

  • CCVault
  • NamiWallet
  • Yoroi
  • ADALite
  • Daedalus

Are all good choices.

Y’all will need to ensure you lot take your ADA in a Cardano native wallet. ADA that is in an exchange will non be eligible for this upshot.

  1. Set upwards a Cardano native wallet
  2. Motility your ADA from an exchange to your wallet. If you lot’re ADA is locked in a staking period yous won’t be able to, merely hopefully information technology will unlock before the SundaeSwap ISO starts.
  3. Cull a pool that is on the official list of stake pools.
  4. Consul your ADA before the snapshot appointment of the 25th of Jan, 2022.

Subscribe to the podcast and YouTube channel for updates to the SundaeSwap ISO.

Consider Delegating to Our Pool

We’re a small, contained single stake pool operator. We’ve got a long way to get before nosotros are completely self-sufficient and continuously producing blocks for the community. Our stake pool infrastructure costs money and time to support. Search for us with ticker:
ADAOZ.

Learn how to delegate to usa using Daedalus or delegate with the Yoroi wallets.

Source: https://cardanode.com.au/sundaeswap-iso-complete-guide-sundae-tokens/

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