Details of our upcoming IDO on ADAX

This story was originally posted on the ADAX Medium. It has been duplicated here for consistency

We live in the world of entertainment, designed and managed by media conglomerates that have long held a monopoly on content production. So far, this status quo has meant that production talent is often starved of funding, movies feature repetitive plots, and the general public has almost no say in what content is put out there.

Not for long. Flickto (FLICK), a Cardano-powered community media launchpad, is on a mission to uproot the old ways of content funding. By crowdfunding directly, Flickto seeks to empower content creators to produce the next Box Office hit, Youtube sensation, or an Emmy Award-winning TV show. Flickto’s community (FLICK token holders) will provide direct funding to the most promising projects, receiving some of the proceeds from the most successful ones. The public has a right to influence the production of content — Flickto will make sure they’re also rewarded for it.

Flickto will foster a community space, where content creators and their supporters can come together, exchange ideas, and promote each other’s latest projects. Flickto may also act as a trusted distributor of content, ensuring the protection and streamlined management of intellectual property on the Cardano distributed ledger. FLICK will be earned through voting, staking, and is already freely tradable on the open market.

Take Control, Be Empowered, Get Rewarded

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Public sale on ADAX.PRO

Flickto’s priority IDO round (exclusive to $ADAX stakers) will kick off on January 10, 12:00 GMT, and will be opened to the general public on January 11, 13:00. We anticipate this public sale to be massively oversubscribed, so be sure to participate early!

IDO Details

  • Ticker: FLICK
  • KYC: Yes
  • Total token supply: 5,000,000,000 (5bn) FLICK
  • Available for sale: 330,000,000 (330m) FLICK
  • Payment options: ADA

Priority IDO Round (24 hours before)

  • Price: $0.009
  • Start: January 10 (Monday) 13:00 (GMT)
  • End: January 11 (Tuesday) 13:00 (GMT)
  • Minimum Contribution: $50
  • ADAX Staking Requirement: 1000 $ADAX
  • Share Available for $ADAX Stakers: 50%

Public IDO

  • Price: $0.01
  • Minimum Contribution: $10
  • Maximum Contribution: $100,000
  • Start: January 11 (Tuesday) 13:00 (GMT)
  • End: January 14(Friday) 13:00 (GMT)
  • Token Lock: until July 1, 2022

About ADAX

ADAX is an automated liquidity protocol that facilitates non-custodial and censorship-resistant trades within the Cardano ecosystem. ADAX seeks to obviate the need for centralized middlemen, facilitating token swaps, providing ample asset liquidity, and broader reorientation of the DeFi world towards Cardano. ADAX users will be able to effortlessly execute smart contract-based trades instantly and only at a fraction of the cost of the Ethereum network.

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