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Ecosystem Cardano has been developing exceptionally dynamically recently. One of the platform's recent projects is a decentralized exchange Sundae Swap, about to launch its own ISO.
The SundaeSwap marketplace grows stronger and introduces its own ISO
Initial Stake Pool Offering (ISO) is an innovative token distribution model, which is much more extensive than Initial Coin Offering (ICO) or Initial DEX Offering (IDO). It is based on blockchainie Proof Of Stake. Soon, its own ISO is going to launch a decentralized exchange Sundae Swap.
SundaeSwap is one of the most anticipated recently decentralized exchanges on the Cardano platform. She has already managed to get over 200. followers on Twitter, thus gaining a visible advantage over the competition. We are talking here, among others about Minswap or Maladex.
The pool of shares selected in voting
Thanks to SundaeSwap, the already existing pools of shares gained a chance to receive the status of the so-called Scooper. It will be necessary in the process of distributing SUNDAE tokens, at the same time being an important element of the respective exchange.
To determine the pool of shares that will become Scoopers, voting was organized in an extremely simple way. It was only necessary to enter the SundaeSwap ISO Dashboard and select the preferred pools of rates. Then the specific ADA amount will be displayed.
Voters were obliged to use an unprotected wallet and then send transactions to each other. As a result, the SundaeSwap team was able not only to count the votes, but also to scan Cardano blockchain. The vote ended on November 16.
What methods do other exchanges use?
A different solution was also used by the Minswap stock exchange on Cardano. She has been running the Fair Initial Stake Pool Offering (FISO) for several months now. The Minswap, instead of creating its own breakdown pools, has turned towards Stake Poll Operators (SPO)thus in opposition to user centralization.
Maladex, another exchange on the Cardano blockchain, has in turn created its own pools of rates. Users are rewarded with MAL tokens whenever they include their ADAs in the pool of MAL, MAL2 and XMAL rates.
