All ISPO info summarized!

General information

ISPO is a novel method to distribute a protocol's utility tokens to the community using the Cardano blockchain. It ensures a high degree of decentralization of the token ownership and simultaneously supports the project's development.

ISPO distribution basics

Each epoch, we distribute between 120 000 ENCS and 600 000 ENCS depending on pool saturation. The exact airdrop formula is given below. In reality, our saturation stayed below 20%, meaning that 120 000 ENCS were assigned during an epoch so far. Participants of the CardMix public test in May receive a 20% boost on their total rewards.

The Airdrop Formula

We use the following formula to calculate the ENCS airdrop amount (the CardMix PT boost excluded):

Lottery Implementation

In this section, we describe our lottery winners' selection process.

  1. Every epoch, the stake addresses participating in the lottery are published on our website at the following address: https://encoins.io/ispo/<epoch_number>.txt. For example, the participants of the Epoch 366 lottery can be found here: https://encoins.io/ispo/366.txt. You can also find this information on the CardMix website at: https://cardmix.io/lottery/<epoch number>.txt.
  2. Every epoch, we have 3 to 7 winners depending on the saturation. To determine M winning numbers for Epoch N, we use block ids of the first M blocks of Epoch N+1. For example, for Epoch 366, we will have three winners. The winning numbers on the list of participants will be determined by the first three blocks of Epoch 367, which will start in about four days. The block ids may be found using blockchain explorers:
    https://explorer.cardano.org/en
    https://cardanoscan.io/
  3. Each block id is treated as a hexadecimal number. To find the corresponding winner, we take this number modulo the number of participants and add 1. For example, the Epoch 365 lottery had 458 participants. The first block of Epoch 366 had an id 32010e7cd2d0dcfb73366d4d795f890655b3d151f91564c87c89510d5cc9ec5f. Therefore, the 1st winner of the Epoch 365 lottery is stake1u8a33l0prwny2l7q44xyd20d974vuay4hregx0dsh2yg2zc7gdc93 (number 256 on the list).

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