The MinSwap team have recently announced their token distribution model called, MinSwap Fair Initial Stake Pool Offering or FISO for short. We mentioned this in episode 16 of the podcast.
This model is set around choosing 25 small stake pools on the network to be a part of their distribution process. Each pool will have a snapshot of delegations that are moved into the pool at this point in time and those delegates will have MinSwap tokens distributed to.
Further to the model, the team have added a logarithmic limit to the distribution of the tokens to users that are delegating to these pools. If a user with a large holding of ADA delegates to one of these pools, their tokens from the MinSwap distribution will be reduced after a certain limit of delegation.
The application deadline for small pools ends on the 26th of July. If you're a small stake pool operator and what to participate as a token distribution pool, please apply via their application form. Not that there are certain requirements in regards to what type of pool will make the cut for the process.
You can find out more about the token distribution strategy on their Medium blog.
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