utility tokens</strong></a>. The higher the stake in a pool is, the more likely it is to be <strong>chosen as a validator node</strong> for the following <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-block/">block./nThough ISPO has one major difference from other similar models, which require investors to buy, <strong>sell</strong>, or trade one token in order to purchase and stake project-specific tokens. The difference is that with the <strong>ISPO model users can utilize the ADA tokens they already own</strong>. Besides, users stake ADA tokens in the staking pool of the project in order to earn the project’s native tokens as a reward, instead of staking these tokens in the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-proof-of-stake-pos/">Proof-of-Stake (PoS)</strong></a> ecosystem of Cardano.</p>\n<p>An ISPO is more secure for investors than <strong>other funding choices</strong>. It's less risky because users are just giving up their ADA rewards in exchange for project-specific rewards. Though the staked ADA is theirs, and it remains in their <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-non-custodial/">non-custodial wallets.</p>\n<p>In addition, in an ISPO, there is no lock-in period. Users not only have complete control over their assets, but they also have the freedom to use their ADA any way they want. This includes <strong>selling</strong>, trading, unstaking, using ADA to buy <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-non-fungible-token-nft/">NFTs, and everything else you can do with these tokens.</p>\n<h3>How Does an ISPO Work?</h3>\n<p>Generally, PoS consensus mechanism is used in the stake pools of Cardano. Therefore, <strong>transactions</strong> and the production of new blocks are verified by network <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-validator/">validators. These validators are stake pools or nodes that provide <strong>delegators (users) </strong>with the ability to stake their funds.</p>\n<p>The networks, with the assistance of the Ouroboros protocol, choose staking pools that have the biggest amount of stakes to distribute<strong> rewards to validators</strong>. Validator rewards in the form of ADA are shared among the delegators of the successful staking pool based on the amount of ADA staked by each user after each <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-epoch/">epoch (which lasts five days in Cardano).</p>\n<p>With the ISPO model, delegators stake their ADA in staking pools created by project developers. The staking pool with the largest stakes becomes a validator node in a block, eventually contributing to the Cardano network's consensus.</p>\n<p>Though users who stake their ADA tokens in these pools do not receive ADA rewards. They are compensated in the project's native token instead of ADA. 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About","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":2,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/best-technical-analysis-indicators-for-crypto","featured_image":null,"youtube_video":null},{"slug":"what-is-candlesticks","title":"Technical Analysis: What are Candlesticks, Trendlines, and Patterns?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":3,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/what-is-candlesticks","featured_image":null,"youtube_video":null},{"slug":"how-to-track-new-crypto-coins","title":"Crypto Tracking: How to Track Your Favorite Coins & Tokens?","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":4,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-track-new-crypto-coins","featured_image":null,"youtube_video":null},{"slug":"how-to-research-crypto","title":"Crypto Research Fundamentals & Social Signals: Your Daily Trading Strategy","featured_image_id":null,"status":"published","chapter_id":8,"language":"en","order":5,"modified_content":null,"preview_url":"https://www.bitdegree.org/crypto/learn/how-to-research-crypto","featured_image":null,"youtube_video":null}]},{"id":9,"title":"Mining","slug":"mining","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/learn-crypto-mining.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-mining-101.jpg","rating":80,"sections":[]},{"id":10,"title":"Crypto Terms","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/crypto-101-glossary.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}],"nextSection":{"id":878,"original_id":null,"author_id":43,"translator_id":null,"title":"What is Initial NFT Offering (INO)?","slug":"what-is-initial-nft-offering-ino","section":"I","keyword":"Initial NFT Offering (INO)","status":"published","definition":"a type of crowdfunding where projects list a set of non-fungible tokens (NFTs).","content":"<p>An Initial NFT Offering (INO) <strong>is a new way to raise funds for crypto projects by selling a set of <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-non-fungible-token-nft/">non-fungible tokens (NFTs)</strong></a></strong>. It’s usually done through launchpads or other trading platforms.</p>\n<p><a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-initial-coin-offering-ico/">Initial Coin Offering (ICO)</strong></a> introduced this type of crowdfunding in 2013. Its success prompted the creation of other crowdfunding solutions within the crypto sector such as the <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-initial-exchange-offering-ieo/">Initial Exchange Offering (IEO)</strong></a>, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-initial-dex-offering-ido/">Initial Dex Offering (IDO)</strong></a>, and <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-security-token-offering/">Security Token Offering (STO)</strong></a>.</p>\n<p>NFTs are slowly becoming appealing to the masses, therefore, it is also attracting many digital artists, basketball players, and other athletes. Even famous musicians such as Steve Aoki and Grimes have been participating in the market of NFTs. The appeal is that investors aren’t the only ones that benefit from NFTs. Content creators are well compensated as well.</p>\n<p>As the popularity of NFTs grows, so do the opportunities related to them. And, as a result, initial NFT offerings are experiencing an increase in usage. </p>\n<p>The main advantages of an initial NFT offering are:</p>\n<ul>\n<li><strong>Low barrier of entry</strong>. Since it’s easy to launch an INO, many smaller projects can present their ideas to a bigger audience, while also raising the funds they need to continue the development of their project. The process of fundraising is facilitated by decreased listing fees as well as accessibility to instant liquidity even while the project is still in the works;</li>\n<li><strong>Public recommendations</strong>. In general, NFT owners like to show off their holdings by using them as a profile picture that is visible to everyone;</li>\n<li><strong>Strong sense of community</strong>. A lot of NFTs are considered to be collector’s items since they are a part of an exclusive collection. People who hold limited-edition NFTs are easily recognized and automatically put in a close circle.</li>\n</ul>","level":"easy","meta_title":"What is Initial NFT Offering (INO)? Definition & Meaning | Crypto Wiki","meta_description":"Initial NFT Offering (INO) meaning: Initial NFT Offering (INO) - is a type of crowdfunding where projects list a set of non-fungible tokens (NFTs).","meta_keywords":null,"language":"en","created_at":"2022-04-07T13:52:20.000000Z","updated_at":"2022-09-27T07:44:37.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-initial-nft-offering-ino"},"prevSection":{"id":504,"original_id":null,"author_id":43,"translator_id":null,"title":"What are Internet Memes?","slug":"what-are-internet-memes","section":"I","keyword":"Internet Memes","status":"published","definition":"are pieces of content, whether it’s an image, video, text, or sound, which are spread around the internet at a rapid pace.","content":"<p><strong>An internet meme is an amusing piece of digital content with humorous or critical undertones</strong>. It can reach internet users in various forms such as images, videos, text, or sounds. Internet memes become viral due to internet users sharing the content through various social media platforms such as Facebook, Instagram, TikTok, or Reddit. </p>\n<p>Internet memes have been around for nearly two decades. The first meme that went viral made its debut in 1996 showing an animated dancing baby, also known as Baby Cha-Cha. Although this video wasn’t created with the intention to become viral. Its main purpose was to show off the capabilities of the newest CGI software.</p>\n<p>Memes are usually born from real-life events or are an imitation of them in hopes of going viral just like their predecessor.</p>\n<p>Internet memes have three qualities - longevity, fertility, and fidelity. Firstly, it must be able to last for a long period of time. Secondly, if there’s potential to replicate an internet meme, then it can expect exponential growth. Finally, the original meme must be traceable. </p>\n<p>On top of that, internet memes have played a huge role in changing our culture and offering perspectives on different experiences. They have given a unique way to start conversations about traditionally difficult topics, brought awareness to real issues, and impacted politics all over the world.</p>\n<p>Besides, ideas can be presented through memes in an easy-to-understand and comical manner.</p>\n<p>Marketers have also utilized internet memes to advertise their products and services. However, businesses can use memes in more ways than just as an advertising tool. For instance, to provide insight into a technical field such as <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cryptocurrency/">cryptocurrency.
/nWhat is a Crypto Meme?</p>\n<p>In essence, crypto memes are just like regular memes except they are specifically targeted at people interested in crypto. They’re usually presented as a funny static image, video, or gif. More often than not memes are used to mock people who try to get rich quickly without any research or think cryptocurrencies are a joke.</p>\n<p>Recently, they’ve gained a lot of popularity within the crypto community. At this point, it’s almost impossible to do any research on the crypto market without stumbling upon one of the crypto memes. </p>\n<p>Overall, they’re a great way for the crypto community to connect while also providing a way to gain new insights and perspectives on the crypto sector.</p>\n<p><strong>What is a Memecoin?</strong></p>\n<p>At its core, a <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-memecoin/">memecoin is a cryptocurrency that’s based on internet memes. Currently, there are over 250 memecoins around the world. They usually are more volatile than other cryptocurrencies. </p>\n<p>When the first memecoins were introduced, the entire community viewed them as a joke. However, a lot of people outside of the community view cryptocurrencies as a whole as a joke.</p>\n<p>There have been many new investors who decided to invest in cryptocurrencies due to smaller barriers of entry, variety, and other factors. For the most part, a lot of these new investors have been fairly successful.</p>\n<p>Dogecoin was launched in 2013 as the first memecoin on the market. It’s based on the Shiba Inu internet meme. At the beginning of its existence, Dogecoin was endorsed by Elon Musk and experienced a large increase in popularity. Today, it still stands as one of the most successful memecoins to date.</p>\n<p>Besides, Dogecoin’s triumph has accelerated the success of other memecoin projects. This resulted in an increase in value as well as a global acceptance. </p>\n<p>There is a huge amount of internet memes that are eventually turned into a memecoin. A lot of them are specific to the cryptocurrency community such as the “laser eyes” meme which refers to bullish crypto enthusiasts. The laser eyes are red if the meme is about <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">Bitcoin and blue if it’s about <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-ethereum-eth/">Ethereum.
/nWhat are the differences between regular crypto coins and memecoins?</strong></p>\n<p>Cryptocurrencies such as Bitcoin hold real-world utility and practical uses thus making them actually purposeful.</p>\n<p>On the other hand, while memecoins can bring short-term gains, they are generally considered to be just for amusement.</p>","level":"hard","meta_title":"What are Internet Memes? Definition & Meaning | Crypto Wiki","meta_description":"Internet Memes meaning: Internet Memes - are pieces of content, whether it’s an image, video, text, or sound, which are spread around the internet at a rapid pace.","meta_keywords":null,"language":"en","created_at":"2022-03-22T15:43:42.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-are-internet-memes"},"currentChapter":"I","currentSection":"what-is-initial-stake-pool-offering-ispo","chapterTitle":"I","readingLevel":"medium"},"url":"/crypto/learn/crypto-terms/what-is-initial-stake-pool-offering-ispo","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0"> Crypto Terms: Letter I
What is Initial Stake Pool Offering (ISPO)?
Initial Stake Pool Offering (ISPO) MEANING:
Initial Stake Pool Offering (ISPO) -
a cryptocurrency fundraising tool that is only available in the Cardano ecosystem.
Let's find out Initial Stake Pool Offering (ISPO) meaning, definition in crypto,
what is Initial Stake Pool Offering (ISPO),
and all other detailed facts.
In recent years, crypto fundraising methods have seen a significant transition, introducing more convenient and accessible mechanisms for both developers and investors. The Initial Stake Pool Offering (ISPO) is a promising new fundraising strategy that offers more benefits than existing methods such as IDOs, ICOs, and others.
Though note that ISPO is exclusive to the Cardano ecosystem. It enables project developers to create staking pools in which holders of ADA can stake their tokens. Developers can define varying margins for each staking pool, collect rewards, and pay stakeholders with their project's utility tokens. The higher the stake in a pool is, the more likely it is to be chosen as a validator node for the following block.
Though ISPO has one major difference from other similar models, which require investors to buy, sell, or trade one token in order to purchase and stake project-specific tokens. The difference is that with the ISPO model users can utilize the ADA tokens they already own. Besides, users stake ADA tokens in the staking pool of the project in order to earn the project’s native tokens as a reward, instead of staking these tokens in the Proof-of-Stake (PoS) ecosystem of Cardano.
An ISPO is more secure for investors than other funding choices. It's less risky because users are just giving up their ADA rewards in exchange for project-specific rewards. Though the staked ADA is theirs, and it remains in their non-custodial wallets.
In addition, in an ISPO, there is no lock-in period. Users not only have complete control over their assets, but they also have the freedom to use their ADA any way they want. This includes selling, trading, unstaking, using ADA to buy NFTs, and everything else you can do with these tokens.
How Does an ISPO Work?
Generally, PoS consensus mechanism is used in the stake pools of Cardano. Therefore, transactions and the production of new blocks are verified by network validators. These validators are stake pools or nodes that provide delegators (users) with the ability to stake their funds.
The networks, with the assistance of the Ouroboros protocol, choose staking pools that have the biggest amount of stakes to distribute rewards to validators. Validator rewards in the form of ADA are shared among the delegators of the successful staking pool based on the amount of ADA staked by each user after each epoch (which lasts five days in Cardano).
With the ISPO model, delegators stake their ADA in staking pools created by project developers. The staking pool with the largest stakes becomes a validator node in a block, eventually contributing to the Cardano network's consensus.
Though users who stake their ADA tokens in these pools do not receive ADA rewards. They are compensated in the project's native token instead of ADA. The rewards, which would normally be distributed among the delegators, are delivered to the operator of the validator node.
