FAQ

Empowa Founding Community NFTs give holders privileges that go beyond the standard platform NFTs.  They will have access to empowerment and impact stories that span more than just specific houses, plus exclusive access to significant Empowa events and bonuses that will be made available from time to time.

A limited number of never to be repeated Founding Community NFTs (1024) have been minted.

As a surprise, 176 randomly selected Founding Community NFTs will have a Premium status assigned to them. This Premium status will give their owners early event access and special offers.

NFTs that were issued to core teammembers for their help in the early startup phase of Empowa.

These NFTs were distributed as artwork collectables to commemorate the creation of the Founding Community NFT series. 

As such they have no metadata relating to FC NFT privileges, like the actual FC NFTs do. 

This joint Empowa and World Mobile NFT will showcase RealFi in action. Not only will the NFTs provide affordable finance for at least 30 families to be able to purchase affordable homes in Mozambique, but with the help of World Mobile, these families will also have access to more affordable internet.

Note: Each Empowa World Mobile Seed NFT will be linked with an Impact
Card once we launch our Empowa Explorer (currently under construction)

A special badge that was issued to the Earth Node Operators of World Mobile to celebrate our partnership with World Mobile. This NFT gave early access the first ever Seed NFT sale.

There are two main factors to consider:

• Not all of the funds collected in the NFT’s price are used to finance the affordable housing project. Some of the NFT’s value relates to the artistic, collectible and utility characteristics of the NFT. While those features will be valued differently by everyone, it is non-zero when considering the NFT’s resale value. There are also costs to Empowa in the implementation of the NFT
  Sale that need to be covered.

• The EMP exchange rate negotiated with Casa Real for their repayments does not match the spot price of EMP when an NFT was purchased. Despite the fact that the EMP spot price will vary over the duration of the NFT sale (11/07/2022 – 08/08/2022) depending on when it is being purchased, the lack of liquidity for EMP on spot markets at commencement of the sale means that a fair price for the amount of money being raised (over $300K) would be much higher than the spot price at that time.

  This was tested by evaluating the price that would have been given if purchasing 100,000 ADA worth of EMP on Minswap, where the most liquidity was held at the time. As the price given would have resulted in considerably less rewards than currently offered, a price was negotiated in between to make it fair in relation to the current market, while still making it attractive to NFT purchasers.

At this stage we can only share that Casa Real’s repayments will provide the fiat required to back the EMP rewards issued to NFT holders.  We appreciate that this may not be enough information for some people’s risk threshold when assessing the financial considerations of the NFT.  We therefore hope to provide non-financial value to the NFTs to still make them attractive and allow NFT holders to provide impact to the families who are now able to access an affordable home.

While we are working in the background to bridge the gap between the traditional legal world and the crypto world, to eventually expose more information via the blockchain, there are privacy and business considerations that will always need to be made. As previously highlighted, given the uniqueness of this project as something never before attempted, it is a journey where we won’t have all the answers at the start. We will continue to work over time to provide more information to support our risk models, allow developers to establish a reputation and to demonstrate the flow of value through the Empowa ecosystem, while protecting all parties involved.

The flow of value between Impact Cards is a critical component of Empowa’s mission to scale affordable and sustainable housing development in Africa. The Impact Cards seek to address many of the fundamental financing challenges around affordable housing development in Africa, by providing an NFT which will help facilitate the flow of financial value between Impact Investors, Housing Developers and Clients.

Through the function of Impact Cards, Empowa enables Casa Real, our local building partner in Mozambique, to build affordable, environmentally friendly and cyclone-resistant starter homes (Starting from $10 000)

More than this, we enable the life-changing, lease-to-own financing option, reducing the interest rate to under 10%. This provides access to the financially excluded and makes the houses affordable.

Through this approach and at this price point, market research indicates that Empowa could grow the market for such home loans from the current 600 households to 4.5 million households. The impact of such an opportunity for Mozambique and Mozambicans is almost impossible to quantify.

An Impact Collection represents the collective value creation of an Impact Project (housing project). The value creation is developed through the collaboration between participants, ideas, artwork, impact, financials and content.

An Impact Collection contains multiple Impact Cards.

An Impact Card provides the holder with the access to participate in the associated Impact Project. The quantity of Impact Cards owned will determine the proportion of returns and other value collectors will receive. The objective of an Impact Card is to maximise both value and impact. To maximise value, collectors will receive returns in both EMP and Impact Rewards. The Impact Card is the first NFT to support this value creation.

An Impact Card functions as a “sleeve” for one or more NFTs from one Impact Project. One such NFT is The Seed NFT, which serves as the default NFT of an Impact Card which links the owner to the Impact Card.

The Seed NFT is the default NFT of an Impact Card which links the owner to the Impact Card. The Seed NFT creates value by providing an immutable link to an Impact Card, its associated value creation and on-the-ground impact. Like normal NFTs, The Seed NFT can be traded on secondary markets. Please note however that future owners of The Seed NFT will be the ones who receive the EMP and Impact Rewards from its linked Impact Card.

An Impact Card provides the holder with the access to participate in the associated Impact Collection. The quantity of Impact Cards owned will determine the returns and value creation. Each collector who owns an Impact Card will receive both EMP and Impact Rewards.

Each Impact Card will cost 250 ADA + 50 EMP

The Impact Card sale is in stages. This will include early access for FC NFT holders as well as World Mobile Earth Node Operators, with the sale opening up to the broader community on the 23rd of July 2022. Please see dates below:

11 July – 12:00 UTC: Premium Founding Community NFT holders
12 July – 12:00 UTC: All Founding Community NFT holders
18 July – 12:00 UTC: World Mobile Earth Node badge holders
23 July – 12:00 UTC: Public Sale
8 August – 12:00 UTC: End

The Impact Cards will finance at least 30 homes in Beira, Mozambique

The Impact Card will receive returns for 10 years (120 months).

The expected monthly return is 3.5 EMP per Impact Card.

The expected monthly return for Impact Card holders is 4500 Impact Rewards quarterly per Impact Card.

Empowa is working with others in the RealFi, impact and sustainability space to develop and support Impact Rewards; a new, Web3 way to reward contributors to impact projects. Impact Rewards will therefore be of value and redeemable across multiple projects and for different products and services. You can think of Impact Rewards like airline and other loyalty points programs.

As the Impact Rewards program is still being developed and this is Empowa’s first NFT project with Impact Rewards, we are continuing to finalise the opportunity to redeem Impact Rewards for EMP should you wish to. For more information about Impact Rewards visit https://impactrewards.io

As the Impact Rewards program is still being developed and this is Empowa’s first NFT project offering Impact Rewards, we will be offering the opportunity for the Empowa World Mobile Seed NFT to redeem Impact Rewards for EMP. The potential return for NFT holders is 4500 Impact Rewards per Impact Card per quarter and the EMP will be offered for redemption at 1 EMP per 1000 Impact Rewards.

Impact Card returns and rewards cannot be guaranteed because they are dependent on the returns and success of the project with which they are linked. It is obviously in the interests of all the players in the Empowa ecosystem to ensure the success of each project and to maximise both impact and returns. Such success will create increasing value in the Empowa ecosystem. Such increasing value should create increasing value in the NFT, ensuring a virtuous cycle of success, maximising impact, financial inclusion and returns for collectors.

In order to ensure project success and delivery on the ground, Empowa is proud to announce that the Empowa World Mobile Seed NFT sale has been underwritten by Next Chymia. Next Chymia is a consulting and investment company based in Hong Kong, with the mission to discover new ways of equality and to make the world a better place. Next Chymia has been involved with many projects in the Cardano ecosystem from the beginning, including IOG (IOHK), Emurgo and Occam.Fi. chymia.io

We provide support for Nami, Gero, Eternl, Flint.

There is a lot of synergy between Empowa and World Mobile, and we believe this RealFi collaboration is a great opportunity to unlock the potential of NFTs to enable both affordable housing and home internet access in Mozambique. We are proud to say that through this partnership, we will create the first real world use case NFT which will enable at least 30 families access to affordable homes and World Mobile powered internet. RealFi in action!

Yes both Empowa FC NFT holders and World Mobile Earth Node operators will get early access to the sale (See dates below)

11 July – 12:00 UTC: Premium Founding Community NFT holders
12 July – 12:00 UTC: All Founding Community NFT holders
18 July – 12:00 UTC: World Mobile Earth Node badge holders
23 July – 12:00 UTC: Public Sale
8 August – 12:00 UTC: End

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Empowa is working with others in the RealFi, impact and sustainability space to develop and support Impact Rewards; a new, Web3 way to reward contributors to impact projects. Impact Rewards will therefore be of value and redeemable across multiple projects and for different products and services. You can think of Impact Rewards like airline and other loyalty points programs.

As the Impact Rewards program is still being developed and this is Empowa’s first NFT project with Impact Rewards, we are continuing to finalise the opportunity to redeem Impact Rewards for EMP should you wish to. For more information about Impact Rewards visit https://impactrewards.io

The objective of Impact Cards is to maximise both Impact and Reward and Impact Rewards have the potential to open up a range of new and exciting possibilities to achieve this.

As the Impact Rewards program is still being developed and this is Empowa’s first NFT project offering Impact Rewards, we will be offering the opportunity for the Empowa World Mobile Seed NFT to redeem Impact Rewards for EMP. The potential return for NFT holders is 4500 Impact Rewards per Impact Card per quarter and the EMP will be offered for redemption at 1 EMP per 1000 Impact Rewards.

Impact Rewards will be a fungible token, initially on the Cardano blockchain, with the potential for them to be extended to other blockchains in the future. They will be issued through a smart contract, where organisations will indicate the conditions by which Impact Rewards will be earned for participating in their impact projects.

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You can view it on Cardanoscan here

200 million

The Empowa Token generation occurred on the 15th of March, 2022. You can find the transaction on Cardanoscan here

5 Years

There are different vesting periods (based on allocation type), from 6 months for the Public Sale and ISPO to 36 months for the Private Sale and Team allocations.  60% of the total supply is reserved for distribution as part of the NFT sales used to fund housing projects, which will be made available over a 5 year period.  Their attributed value when being issued to purchase NFTs will be sourced from the open market price for EMP at the time.

Empowa are also working with advisers who have experience listing tokens on centralised exchanges.

No.

The Empowa Token (EMP) will be minted and distributed by Empowa Technology Ltd (Seychelles), Incorporation Number: 230635.

The “Reserve EMP” event will occur on the 22nd of January, 2022 at 12pm UTC. At this event you can reserve EMP tokens for Rounds 1-3 and enter the queue to buy EMP. Please note your position in the queue will be First Come First Served (FCFS), meaning the sooner you complete the Reserve EMP process, the better your position in the buying queue.

On the 24th of January, 2022 at 12pm UTC, Round 1 of the token sale will officially open. You will receive an email when it’s your turn to complete your purchase. Please note you will have a 24 hour window to complete your purchase.  If you do not complete your purchase within 24 hours, you will lose your position in the queue.

Further information on key dates is available from our Token Sale page

Empowa are not conducting a typical private sale, that is open to anyone. We have instead reserved the private sale allocation for strategic partnerships that will support the long term goals of the project.

20,000,000 EMP (10% of total supply).

Payments will be made in $ADA.

$0.25 USD

General Public:
Round 1: Min: 100 EMP, Max: 1000 EMP
Round 2: Min: 100 EMP, Max: 1000 EMP
Round 3: Min: 10 EMP, Max: 4000 EMP

Founding Community NFT Holders:
Round 1-3: Min: 10 EMP, Max: 6000 EMP

The per person token limits for the Empowa Public Token Sale are relatively low compared to other project token sales. This was a community driven initiative, to ensure that as many people as possible have the ability to participate.

Therefore, if the total Public Token Sale allocation (20 million EMP) is not exhausted during Rounds 1 to 3, the remaining tokens will be made available in Round 4. The per person token limit in Round 4 will be determined dynamically, based on input collected from those participating in Rounds 1 to 3.

Once the Round 4 limits and dates are established, Founding Community NFT holders will receive priority access to purchase their allocation in Round 4, ahead of non-Founding Community participants (including those with Referral Priority Access).

Yes!

The Non-Founding Community members can gain priority access to Rounds 3 and 4 by referring others to the token sale. Priority access is based on the number of people they refer who participate in Rounds 1 or 2. The queue position in Rounds 3 and 4 is relative to the number of participating referrals.

On the 1st of December, 2021, we asked our community to vote for their preferred start date for the token sale. The voting completed on the 6th of December, with more than 500 people casting their votes. The decision made was that instead of starting in December (as per our original roadmap), the token sale will commence on the 24th of January, 2022.

To give people plenty of time to prepare, the Token Sale Dashboard will still be made available in Q4, with access available from the 8th of December, 2021. This will allow people to complete the KYC process and share their referral link for others to register using.

KYC (or Know Your Customer) requires that identity information about anyone participating in the token sale be collected. This is used to verify that those purchasing the Empowa Token (EMP) are not doing so from an excluded region. It also allows Empowa to comply with international laws that requires checks be performed to ensure an individual is not excluded from participating due to having been flagged for illegal activity, such as money laundering or terror financing.

The information collected by our KYC service provider Blockpass, is used for this purpose only and is not retained beyond the duration required to comply with these requirements.

KYC Registration will commence at 12pm UTC on the 8th of December, 2021. There is no set end date for KYC registration. People will be able to begin this process at any time, even after the Token Sale has commenced and while it continues to be live.

However, please note that KYC needs to be completed successfully before participants can reserve and purchase EMP during the token sale rounds. Therefore to avoid disappointment, we suggest completing the KYC process as early as possible, so you do not miss out on a queue slot in your chosen rounds.

There are two possible reasons why the Token Sale Dashboard may show your KYC status as “Not Started”.

Email Address – Check that you have accessed the Token Sale Dashboard using the same email address you originally registered with.  If you use a different email address, the Dashboard will create a new account without any of the previously completed steps.

Blockpass Marketplace – If you discovered the Empowa Token Sale through the Blockpass Marketplace and completed the KYC from there, the Token Sale Dashboard will not have your account linked.  Click “Launch Blockpass” and complete the steps in the window that opens.  If your KYC was completed using the same email address as the one used for the Token Sale Dashboard, then you should not be required to resubmit your documentation and your KYC profile will be linked to your Token Sale Dashboard account. 

If you experience problems completing the KYC process, you should first check any correspondence received via email from Blockpass. Blockpass will provide the necessary information required to assist you in completing the registration.

If you experience problems that aren’t sufficiently explained by Blockpass, or you are unable to simply begin the KYC process, then please contact the Empowa Support team using one of the contact methods listed on our Token Sale page.

Unfortunately, due to the regulatory uncertainty that currently exists in the USA regarding cryptocurrencies and tokens, the Empowa token sale will not be open to people from the United States of America.

To comply with international sanctions law or to avoid the risk associated with countries that have regulatory uncertainty regarding cryptocurrencies and tokens, residents of the following countries are unfortunately not able to participate in the Empowa Token Sale:

Democratic People’s Republic of Korea (North Korea)
Democratic Republic of the Congo (Congo-Kinshasa)
Islamic Emirate of Afghanistan (Afghanistan)
Islamic Republic of Iran (Iran)
People’s Republic of China (China)
Republic of Cuba (Cuba)
Republic of Iraq (Iraq)
Republic of the Congo
State of Libya (Libya)
Syrian Arab Republic (Syria)
Tajikistan
United States of America (USA)

People from countries not listed above are able to participate in the Empowa Token Sale, however Empowa Technology Ltd., reserves the right to add countries to the excluded list, if legal circumstances change that may require us to do so.

As one of our core principles is community empowerment, we believe that this can only be achieved by being as inclusive as possible.  Token sales performed through an IDO or Launchpad, often exclude those that do not have sufficient funds to meet the minimum requirements (such as staking a minimum number of tokens to participate) and often results in many people missing out due to others purchasing large quantities ahead of them.

By implementing our own Token Sale Dashboard, we can ensure that as many people as possible can participate, by having smaller initial limits than most token sales and giving priority access in round 2 to people who are unsuccessful in round 1.

To minimise people’s risk when participating in the Empowa token sale, we deliberately made the choice to not hold any personal information in the Token Sale Dashboard. Personal information collected by our service provider Blockpass for KYC, is not stored by Empowa in the Token Sale Dashboard. Further, any payments made for EMP tokens are all done with the user’s existing Cardano wallet, so no security information is stored in the Dashboard.

For this reason, the use of a unique email link whenever somebody wishes to start a new Token Sale Dashboard session, means there is less complexity by removing the need to create and manage user logins, but users are still able to control their access priority (through referrals or Founding Community NFTs) and request token allocation sizes.

Yes.

Founding Community NFT holders will receive guaranteed access to the maximum allocation available across all 3 rounds of 6000 EMP (1000 + 1000 + 4000).  They can purchase the entire allocation at any time during the 3 rounds without needing to wait for each round to open.  In other words, they can purchase the entire allocation of 6000 EMP on the first day of round 1, the last day of round 3, or any other day in between.

FC NFT holders will also receive priority access to purchase any further allocations made available if the Token Sale requires a fourth round.

This means that FC NFT holders do not need to rush to get a spot in the queue when the Token Sale opens.

No.

The FC Canvas NFTs are not Founding Community NFTs and have a different policy ID (see below).  They were distributed as artwork collectables to commemorate the creation of the Founding Community NFT series.  As such they have no metadata relating to FC NFT privileges, like the actual FC NFTs do. 

No.

At this stage, only those that wish to register for priority access and a guaranteed allocation using their FC NFT need to link their wallet. 

No.

All Founding Community NFTs (Premium, Community and Catalyst) have equal access in the token sale. 

No, this will not be used towards your EMP token purchase and it will not be returned.

Founding Community members have previously been supplied ADA along with their original purchase and the recent distribution of the FC Canvas NFT. This should cover this small wallet linking transaction.

No.

The Token Sale Dashboard will check for the presence of the FC NFT used at the time your wallet was linked, at each stage of the token sale. If the Token Sale Dashboard detects your registered FC NFT is missing, then your priority access will be revoked and you will need to participate in the standard allocation queues for each round.

The Token Sale Dashboard will also reject attempts by other users to register a FC NFT that has already been used to register for priority access, even if the original owner’s wallet has had its priority access revoked.

If you have more than 1 FC NFT in your linked wallet, then you are free to move any that aren’t the 1 shown in your Token Sale Dashboard.

The Token Sale FAQ is intended to be a dynamic list which will be added to based on community feedback. Our aim is to have a comprehensive and detailed FAQ list by the time we reach the Token Sale Rounds to ensure we are all on the same page as best as possible.

Use the links available on our Token Sale page, to make suggestions for additional questions you think we should add.

ISPO Token Allocation:
4,000,000 EMP (2% of total)

Reward Exchange Rate:
5 EMP per 1 ADA of rewards

Duration:
Until the ISPO allocation of 4,000,000 EMP is exhausted 

Launch Date:
World Habitat Day (4th October 2021)

Stage start:
7th October 2021 (Epoch 295)

Stage end:
The ISPO will end at the end of epoch 335

ISPO Stakepools:
EMP1 (Smiles on Africa)
ID: d27af8f35c3d336500ff190011cd01edd1f84254002fad053d326356

EMP2 (Proof of Africa)
ID: 4c419cdf15bae400b98aa9ec9a7d3de6dafc9eb258b31f172c891dd5

Delegate your ADA stake to one of the two stake pools hosted by our partner Stake Pool Operators:

Smiles on Africa – Ticker: EMP1 – Pool ID: d27af8f35c3d336500ff190011cd01edd1f84254002fad053d326356
Proof of Africa – Ticker: EMP2 – Pool ID: 4c419cdf15bae400b98aa9ec9a7d3de6dafc9eb258b31f172c891dd5

NOTE: These are new pools provisioned by our stake pool partners. Delegating to their existing stake pools will not count as participation in the Empowa ISPO.  If you are unsure when searching in your wallet which are legitimate Empowa ISPO stake pools, use the Pool IDs above to confirm.

We have partnered with existing African Stake Pool Operators (SPOs), Smiles on Africa (EMP1) and Proof of Africa (EMP2).

As we understand the significance of developing a firmly African rooted crypto community, we have chosen to work with two SPOs that share our value and passion for empowerment through decentralised opportunities. Rather than drain delegation from existing community pools, we wanted to support them during our ISPO.

The ISPO will end at the end of epoch 335.

From epoch 336, the 2 original ISPO pools (EMP1 and EMP2) which are operated by ‘Smiles on Africa’ and ‘Proof of Africa’ respectively, will continue to remain open, however each pool will be changed to a fee of 1.9% with a new stake pool ticker (to be confirmed closer to the time).

If you continue to delegate to these pools from epoch 336, instead of being eligible for EMP, you will receive ADA rewards like other standard Cardano stake pools. Any ADA received from pool fees will go to the respective stake pool operators (Smiles of Africa or Proof of Africa), which will continue to help support the great work both projects are doing in Africa. We also want to make it clear that from epoch 336, Empowa will NOT receive any additional ADA from these pools.

We will be partnering with DripDropz to distribute the EMP tokens from the 15th of April. There will be a custom DripDropz claiming process to allow for Empowa ISPO participants to claim their eligible EMP based on the 6 months linear vesting schedule. More details on this will be shared soon.

From April 15, Empowa ISPO participants will be able to claim their eligible EMP on DripDropz based on the 6 months linear vesting schedule.

The Ada handle for the EMP ISPO allocation wallet is: $empowa.ispo

You can find it on pool.pm here

An ISPO differs from regular staking in that you forfeit your ADA rewards in exchange for EMP tokens.

Early ISPO participants are rewarded for their trust, confidence and support; the longer you delegate your stake in the Empowa ISPO, the more EMP tokens you will earn.

1 staked ADA = 0.0034 EMP per epoch

Based on feedback from the community, we have modified the wording of the EMP Reward Exchange Rate.

The rate now shown (1 staked ADA = 0.0034 EMP per epoch) is still consistent with the ISPO reward mechanics, but we just wanted to change the wording to avoid confusion that some people were having.

The ISPO model is a new way for people to obtain Cardano native tokens, so projects such as Empowa are still trying to find the best approach to benefit everyone. The ISPO is an option that works best for those who wish to remain vested in ADA but still join the Empowa journey. The Public Sale may work best for those who wish to purchase EMP tokens directly.

When considering the Reward Exchange Rate, several factors were taken into consideration, including:

• The price of ADA will fluctuate throughout the duration of the ISPO. Trying to “price” the EMP rewards exchanged for ADA is therefore difficult.
• By fundraising in ADA, Empowa is exposed to the risk associated with the price volatility of ADA.
• While those wishing to obtain EMP tokens could sell their ADA rewards from another stake pool to purchase them in the public sale, the true cost to those that do will vary based on how much they originally paid for their staked ADA and how much they sell their reward ADA for.

Therefore, rather than trying to determine a Reward Exchange Rate that matches the public sale price in USD based on the price of ADA at any given time, Empowa chose a rate that considers the volatile price levels, the risk to Empowa of fundraising in ADA and the opportunity that Founding Community NFT holders will have for increased Reward Exchange Rates.

As the public token sale price will be $0.25, if you are not sure which option between staking in the ISPO, participating in the public sale, or a mix of both, is best for your personal circumstances, please seek financial advice from a qualified agent.

No.

Empowa will provide a fixed ROA (Return on ADA) of 0.068% per epoch, regardless of the pool’s actual return (higher or lower) for that epoch.

Justification rationale: While the approximate return for staking with an average stake pool is 5% per annum, this is usually based on delegating your stake to the same pool for 12 months (or 73 epochs), so that periods of low block production are balanced with increased periods. As the Empowa ISPO may not run for a full 12 months, any normal fluctuations in block production over the course of the ISPO may result in the return for that period being less than the expected average annualised return.

The following calculation does not include any time-based or Founding Community bonus rewards, which are explained below.

1000 x 0.068% x 5 = 3.4 EMP per epoch

While delegated stake does not become active immediately (a technical mechanism designed into the Cardano Proof of Stake protocol), Empowa will calculate rewards from the first full epoch of your delegation.

Yes!

There are two levels of bonus rewards available with the Empowa ISPO:

Loyalty Bonus Tiers – for those who delegate their stake longer.
Founding Community NFT Bonus – for holders of a FC NFT.

Holders of Founding Community NFTs (FC NFTs) will receive the following increased Reward Exchange Rates:

Project Catalyst FC NFT Holders – 50% bonus
Community FC NFT Holders – 50% bonus
Premium FC NFT Holders – 100% bonus

Those who participate in the ISPO for longer will also receive loyalty bonus rewards. The following tiered bonuses will be applied to all EMP rewards based on the duration of continuous delegation achieved prior to the conclusion of the ISPO:

Tier 1 (1 – 9 epochs): 0% bonus
Tier 2 (10 – 14 epochs): 10% bonus
Tier 3 (15+ epochs): 20% bonus

Yes!

The following information describes the total bonus rewards that can be achieved when both bonus reward types are applied.

Founding Community NFT Holders (Community/Catalyst):

• Tier 1 (Stake 1 – 9 epochs):
  0% tier bonus + 50% FC NFT bonus (Total bonus = 50%)
• Tier 2 (Stake 10 – 14 epochs):
  10% tier bonus + 50% FC NFT bonus (Total bonus = 60%)
• Tier 3 (Stake 15+ epochs):
  20% tier bonus + 50% FC NFT bonus (Total bonus = 70%)

Founding Community NFT Holders (Premium):

• Tier 1 (Stake 1 – 9 epochs):
  0% tier bonus + 100% FC NFT bonus (Total bonus = 100%)
• Tier 2 (Stake 10 – 14 epochs):
  10% tier bonus + 100% FC NFT bonus (Total bonus = 110%)
• Tier 3 (Stake 15+ epochs):
  20% tier bonus + 100% FC NFT bonus (Total bonus = 120%)

The table below shows the same bonuses represented as the amount of EMP earned per 1 staked ADA.

Yes

Your Founding Community NFT must be kept in the same wallet you use to delegate your stake to our ISPO partner’s stake pool to receive the bonus Reward Exchange Rate. Transferring your FC NFT out of your delegation wallet, even for a few minutes before transferring it back, will make you ineligible for the bonus Reward Exchange Rate for that epoch.

You can transfer your FC NFT to your delegation wallet (if it is different to the wallet you used to purchase the NFT from), as the FC NFT does not have to remain in the wallet used to purchase it.  Bonus rewards will start being applied in the next full epoch after you transfer the FC NFT to your delegation wallet. 

You do not need to have had a FC NFT in your delegation wallet from the start of your participation in the Empowa ISPO.  Bonus Reward Exchange Rates will be calculated per epoch based on whether a FC NFT was present or not during each epoch.

If you have multiple FC NFTS in the wallet used to delegate your stake to our ISPO partner’s stake pool, only the one that provides the highest Reward Exchange Rate will be used to calculate your bonus eligibility.

Yes

Your eligibility for bonus tiers through continuous delegation will apply across both ISPO partner stake pools.

The Cardano Proof of Stake protocol determines how much ADA you have delegated every epoch, during a snapshot that is taken when transitioning from one epoch to the next. You are therefore free to withdraw and deposit ADA during an epoch without any changes to your delegation amount being determined until the next epoch snapshot.

Empowa will calculate your EMP rewards every epoch, so if your delegation amount changes from one epoch to the next, the rewards calculated will be different according to the amount of ADA delegated for each. Loyalty tier bonuses will be calculated based on the lowest amount of ADA continuously delegated for the required tier duration. Any amounts delegated above this that don’t qualify for the loyalty bonus will still earn EMP rewards, but at the standard rate (i.e. without the loyalty bonus).

The following is an example of someone whose delegation changes over the duration of their participation in the ISPO and how their EMP rewards are calculated. NOTE: This example does not include any additional bonus that may be applied with a Founding Community NFT.

Amounts Delegated
Epochs 1 – 6: 1200 ADA
Epochs 7 – 9: 1000 ADA
Epochs 10 – 12: 1100 ADA

EMP Rewards – Tier 2 Bonus (10%)
Eligible Amount: 1000 ADA
Duration: 12 Epochs
Rewards Per Epoch: 0.0748% (standard rate + 10%) x 5 x 1000 = 3.74 EMP
Rewards Earned: 3.74 x 12 = 44.88 EMP

EMP Rewards – Tier 1 (Epochs 1 – 6)
Eligible Amount: 200 ADA
Duration: 6 Epochs
Rewards Per Epoch: 0.068% x 5 x 200 = 0.68 EMP
Rewards Earned: 0.68 x 6 = 4.08 EMP

EMP Rewards – Tier 1 (Epochs 10 – 12)
Eligible Amount: 100 ADA
Duration: 3 Epochs
Rewards Per Epoch: 0.068% x 5 x 100 = 0.34 EMP
Rewards Earned: 0.34 x 3 = 1.02 EMP

Total Rewards
44.88 + 4.08 + 1.08 = 49.98 EMP

The loyalty bonus will get applied to any amount that has met the continuous delegation threshold, regardless of when that amount started being delegated. For example, if someone adds to their staking amount and they leave that new amount in for 10-14 or 15+ epochs, the new/adjusted amount will be eligible for the relevant loyalty bonus.

The following is an example of someone who delegates 100 ADA in epoch 1 and adds 1000 more ADA in epoch 2. NOTE: This example does not include any additional bonus that may be applied with a Founding Community NFT.

Amounts Delegated
Epoch 1: 100 ADA
Epoch 2-16: 1100 ADA

EMP Rewards – Tier 1 (Epoch 1)
Eligible Amount: 100 ADA
Duration: 1 Epoch
Rewards Per Epoch: 0.068% x 5 x 100 = 0.34 EMP
Rewards Earned: 0.34 x 1 = 0.34 EMP

EMP Rewards – Tier 3 Bonus (Epochs 2-16)
Eligible Amount: 1100 ADA
Duration: 15 Epochs
Rewards Per Epoch: 0.0816% (standard rate + 20% bonus) x 5 x 1100 = 4.488 EMP
Rewards Earned: 4.488 x 15 = 67.32 EMP

Total Rewards
0.34 + 67.32 = 67.66 EMP

NOTE: If you wish to receive the Founding Community NFT bonus Reward Exchange Rate, you must use a wallet that also supports Cardano NFTs.

There is no minimum or maximum delegation amount.

Yes

Users will have the ability to re-delegate their ADA stake at any time, as the EMP token rewards are calculated for each epoch (5 days).

Tokens will be distributed following token generation, which is currently planned for Q1 2022. Tokens earned from ISPO participation prior to the token generation date will be distributed following token generation. Tokens earned from ISPO participation after the token generation date will be distributed within 3 epochs after the epoch in which they are earned.

While EMP tokens will be distributed as described above, their access for transfer will be subject to the ISPO linear vesting period of 6 months.

For example, if someone has 1000 EMP tokens distributed to them following their participation in the ISPO, over a 6 month (182 days) vesting period, approximately 5.5 EMP tokens per day will be released.

Empowa would like to attract token investors who wish to support the long term vision of the project. We would also like to protect the price for token holders following release, by preventing a surge of supply to secondary markets.

This is highlighted by the vesting periods applied to both the Team allocation and Private Sale investors, which each have a 3 year vesting period. The majority of the EMP token supply (70%) is reserved for NFT sales to be used for housing projects funding. These tokens are also being released linearly, but over 5 years.

Others were of the opinion that they wanted to participate directly through the purchase of tokens and this also opened the offering up to a broader, non ADA market. It was therefore decided to do both.

Staking from Yoroi Mobile

How to delegate to a stake pool (Daedalus)

How To Stake $ADA Cardano with Yoroi Wallet

Proof of Concept:

To demonstrate that Empowa can deliver on this mission, we need to deliver both housing on the ground in Africa and NFTs and blockchain transactions on Cardano.

Building Community:

Empowa is reaching out to the broader community; to those who share our passion for wealth creation and impact. Empowa Community members will have a unique place in the history and development of Empowa – not because of the amount of money you have or contribute, but because you are the first. Join us!

Community Feedback:

We need to consider all aspects of these NFTs including artists, payments, returns and value creation – and we would like to validate these with you – the Empowa Founding Community.

The benefits can be split into 3 main areas:

Limited Edition NFT: 

There are a limited number of never to be repeated Founding Community NFTs (1024), which will serve as an “Empowa Badge” of sorts to recognise the pioneers and early supporters of the Empowa journey. Each NFT is also represented by a panel on the unified NFT Canvas.

Exclusive Privileges:

Empowa Founding Community NFTs give holders privileges that go beyond the standard platform NFTs.  They will have access to empowerment and impact stories that span more than just specific houses, plus exclusive access to significant Empowa events and bonuses that will be made available from time to time.

Bonus NFT:

Once all NFTs have been purchased and the NFT Canvas is fully revealed, the Empowa concept artwork that all the NFTs collectively display, will then be distributed as the first bonus to Founding Community NFT holders.

Yes – Founding Community NFT holders will have exclusive access to significant Empowa events and bonuses that will be made available from time to time.

We are exploring many different benefits that Founding Community NFT holders can receive, which may include early access to the EMP Public Token Sale and/or increased token limits.

Founding Community NFTs are a one of a kind series, which have the benefits as mentioned above. Standard Platform NFTs will be available once the Empowa platform is released and will only have access to information relating to the African affordable house their sale helped finance the construction of.

The benefits for the various FC NFT levels will be determined on a case by case basis and in the future we expect the community can decide what benefits each NFT type should receive.

The 1024 FC NFTs are split into 4 levels:
– Premium
– Community
– Catalyst
– Team

As it stands at the moment there are 2 things FC NFTs can be used for, the ISPO and the Token Sale. Team NFTs will have no benefits in either of those.

The benefits for each FC NFT level for the ISPO and Token Sale are the following:

ISPO:
Premium: 100% bonus
Community: 50% bonus
Catalyst: 50% bonus
Team: No benefits

Token Sale:
Premium: Guaranteed Allocation + Priority Access
Community: Guaranteed Allocation + Priority Access
Catalyst: Guaranteed Allocation + Priority Access
Team: No benefits

Regarding the Token Sale, the Premium, Community and Catalyst FC NFTs will be treated equally in terms of benefits.

Make sure to use a Shelley-era wallet that supports Cardano Native tokens (e.g. Yoroi, Nami, ccwallet, Daedalus, etc.).

DO NOT use an exchange wallet.

At Empowa we are building a community who share our passion for creating impact and are looking to share our journey towards sustainable affordable housing.  As our Founding Community NFTs will have exclusive capabilities and access in the Empowa platform, we wanted to ensure that they were limited by number for our very early supporters.  Their value therefore reflects the overall rarity they will have in the long term Empowa ecosystem and the exclusivity they will possess.

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The Empowa Founding Community Canvas does not hold any special privileges. It was distributed as the first bonus to Founding Community NFT holders.