We are a new prize-linked Cardano stake pool. Earn entries into drawings in return for ADA you stake - the more you stake, and the longer you stake, the more chances you have to win!. ADA owners who wish to earn entries into raffles can delegate their ADA to the public MYADAEARNS stake pool.
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My name is Yordanos, I am 32 years old Ethiopian woman, and the creator of MyADAEarns stake pool to help and support the decentralization of CARDANO! MyADAEarns is a mission driven prized linked Cardano stake pool. With each transaction we process, we collect a fee; these fees are then held in 3 wallets; 50% Prize Treasury; first draw will be 1,000,000 ADA; 25% Community DAO Treasury, The DAO will choose a charity to donate; and 25% System Operations, Development & Maintenance Treasury.
Staking is a process where token holders deposit - or lock away – a number of tokens to become active participants in running the network. More specifically, they become “validators” (also known as “stakers”) whose role is to propose and verify new data that's added to the blockchain.
A stake pool is a service that allows users to pool their resources together to help secure a blockchain. Securing the blockchain is done by having users “stake” their coins in the pool, allowing them to share the rewards generated by securing the blockchain.
Delegation is the process by which ada holders delegate the stake associated with their ada to a stake pool. It allows ada holders that do not have the skills or desire to run a node to participate in the network and be rewarded in proportion to the amount of stake delegated. Learn how to stake ADA here
Staking your ADA is as safe as simply holding them in your wallet, your coins will never leave your wallet. You keep full control over your tokens while they are staked and you're even free to use your funds and move them around while they are staked. You can also stop delegating them to us anytime you want.
No, your ada should NEVER leave your wallet or be sent to another wallet to stake. Please be cautious of staking sites asking you to send your funds or key phrases, At no point will we request nor require you to send ADA from your wallet.
There is no minimum to delegate stake to a pool. Also, there are no hold times either. With a few clicks you can un-stake and use your funds whenever you like.
In Yoroi, it is possible to delegate to multiple pools using a single wallet, but not in Daedalus. To delegate to multiple pools in Daedalus, you will need to create separate wallets. The stake associated with each wallet can then be delegated to a specific stake pool.
The pool takes a percentage of your rewards every epoch to ensure that the pool can provide reliable servers and have the ability to scale with Cardano as more features are built on top of the network.
An epoch in the Cardano network is considered a measurement in length of time. Each epoch contains 21,600 slots ( smaller measurement of time) average slot is 20 seconds and contains 1 block to be produced. So therefore each epoch is 5 days long. The Cardano network is currently working on Hydra which will allow epochs to be run in parallel.
Saturation is a term used to indicate that a particular stake pool has more stake delegated to it than is ideal for the network, and once a pool reaches the point of saturation it will offer diminishing rewards. The saturation mechanism was designed to prevent centralization by encouraging delegates to delegate to different stake pools, and operators to set up alternative pools so that they can continue earning maximum rewards. Saturation, therefore, exists to preserve the interests of both ada holders delegating their stake and stake pool operators.
If you would like to delegate your ADA to another stake pool, simply select your new stake pool of choice from the official Daedalus or Yoroi wallets and select the stake option. Your new staking decision will then take effect in the epoch after next, with rewards from that new stake pool being visible at the beginning of the epoch after that.
If you would like to spend or transfer ADA from a delegated account simply spend or transfer as much ADA as you like. The transfer will be instant and the remaining funds will continue to be staked, earning rewards until you choose otherwise.
The initial stake pool offering (ISPO) is a new model of project development fundraising that takes place via a Cardano staking pool. In the ISPO model, developers set a variable margin, collect the rewards and pay their delegators with their utility tokens.
Prize-linked savings is the concept of using the chance to win a prize to incentivize personal savings, where some of the interest payments on bank deposits or marketing dollars are distributed as prizes based on chance.
You can buy or sell ada for fiat or other cryptocurrencies using cryptocurrency exchanges. Visit coinmarketcap to see the list of exchanges that support ada.