> For the complete documentation index, see [llms.txt](https://reitcircles.gitbook.io/general/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://reitcircles.gitbook.io/general/tokenomics/riet-tokens/ispo.md).

# ISPO

Initial stake pool offering for Token distribution to retail investors

### Introduction

We would like to release some of the tokens to the community for retail participants and supporters of this platform and project.

### Description 

The token sales will occur in phases in order to provide opportunity to investors at different maturity levels of the project, to invest. Currently these are the splits made in the capital raise via retail investors.

| Phase ID                    | Description                                                                                                                                                                                             | Token Amount |
| --------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------ |
| 1: Incorporate (Year: 2022) | In the initial phase, we have maximum risk to the project. At this stage the capital raised will be used for the team formation, technology development and initial marketing to gain market acceptance | 4.5B         |
| 2: Growth (Year: 2024)      | In this phase, the platform should be beyond the initial development and in the stage of gaining acceptance.                                                                                            | 3.6B         |
| 3: Mature                   | In this phase, the risk of investors are the least, and hence the project will be aiming for expansion across countries and acquiring global partners to expand the adoption                            | 0.9B         |

### DETAILS: Phase 1 

| Description               | Amount                      |
| ------------------------- | --------------------------- |
| Token rewards available   | 4B                          |
| Reward Bonus              | 0.5B                        |
| Minimum delegation        | 0                           |
| Maximum delegation        | 0                           |
| Rewards per epoch per ADA | 8                           |
| Duration                  | 73 epochs                   |
| Start Date                | 30th August 2022, Epoch 359 |
| End Date                  | Epoch 432                   |

​Later Phase details will be released when time comes.