We are 2 crypto enthusiasts
With over 15 years of experience in hosting and server management. We started our stake pool because we believe in the Cardano project, it’s community and simply because we can.
By running a stake pool we want to add to true decentralization of the Cardano network. That is why we will never start a second pool or raise the fees as long as the fixed fee covers our operating cost. On our website we will do our best to keep our delegators up to date on the project and provide tutorials on how to for example stake on a certain wallet.
Our pool ticker is ADAFY and if you want to support us send your donation to this address
addr1q93y635fykuqmsq68u3y7zfuq73kc6dg7xjvxyu75kf9px406yyrrv0y29fs4qr2s 0w5wqsyvm4qz6krgu0qz8jarg8sh3d77n we will add the donations to our pledge.
Cardano is a public blockchain platform.
It is open-source and decentralized, with consensus achieved using proof of stake.
Now what does this mean?
What this means is that the community of Cardano together voted for a proof of stake concept. Why this is important to us is because this means that there is no need for large power consuming mining farms. Especially when Cardano keeps growing like bitcoin has done in the past. This hurts the environment and really straines electric network around the mining farms. Instead of mining farms, proof of stake uses nodes that run on servers where transactions are validated and rewards are given after a block has been minted. Cardano uses a lottery at the start of each epoch (a period of 5 days) to decide which pools get to mint a block and when doing so, earn a reward. Pools with more stake have a higher chance of being selected in this lottery. You can look at this as that a pool with more stake has bought more tickets for the lottery so statistically it has more chance only fair right? To ensure that not everyone will stake their ADA at the same pool a saturation level (K value) is in place. When a pool is saturated the lottery will so to speak take away some tickets so that the chance decreases and smaller pools get more blocks.
How do you stake? Well it is very easy. You can download a wallet from a link on cardano.org under individuals. We recommend you follow this route to ensure you install the official wallets. At the moment Cardano advises to use Daedalus or Yoroi. Both are good wallets but we feel Yoroi is more user friendly for the less experienced crypto owners. In our tutorials we show how to install and stake via both wallets.
Delegating is always done via your own wallet and no one should ever ask you to send your ADA to them.