Join the Fair Pool!

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         Many of us on dabble in other cryptocurrencies. One of my favorite holdings is, of course, Cardano. I'm a fan of Charles Hoskinson's vision. I'll be honest, I like the podcasts from Charles and the Cardano Effect. Those are high quality content we don't see often around here. I see him as a capable leader to get the project where it needs to be before gradual decentralization. In fact, it is happening right now as the system goes from epoch to epoch.

         With each passing period, the percentage of blocks minted by the community increases. Stake pool operators (SPOs) are Cardano's version of block producers. Stakeholders delegate to these pools and they receive block rewards after minting blocks.

         Unlike Hive, delegators don't have to lock their funds in order to stake. Once you have chosen to "delegate", your wallet balance reflects your delegations. You are free to move your funds anywhere. The actual mechanics and calculations are much more complex than meets the eye.


Anyhow, if any of you ever plan on dipping your toes into Cardano, I would like you to stake with the Fair Pool.

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         Fair Pool is a smaller player with about 100 delegators. As you can see from the statistics, the ROI is not too shabby at 5.8%. I found this pool on Reddit when staking first became live in August. I didn't want to join a large pool because I was afraid of saturation. Saturation is when too much stake is in one pool and it decreases the rewards to delegators.

https://www.reddit.com/r/cardano/comments/i2dnjx/staking_ada_with_your_ledger_hardware_wallet/

         The author of this guide is the owner of the said pool. As a token of gratitude, I delegated to the Fair Pool. There are also other guides and analysis written by this SPO as well.

https://www.reddit.com/r/cardano/comments/ijxoz1/guide_how_to_stake_ada_with_yoroi_and_ledger/

https://mpsenv01.de/237/current-ros-big-pools-vs-small-pools/

         I'm not here to cover the intricacies, game theories, etc. behind Cardano staking in one post. There are plenty of material out there for you to read. It would actually be impossible for me to try to explain it all in one post without regurgitating stuff.

I'm here to encourage you to delegate to the Fair Pool.

For more information, visit their website: https://mpsenv01.de/

Posted Using LeoFinance Beta



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3 comments
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I think I mentioned this before already, but when I was first getting into cryptos back in 2017, I took a long hard look at Cardano. Ultimately I ended up putting my money into EOS before the mainnet launched. I don't regret doing that, but sometimes if feels like ADA might have been the better investment.

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It depends. ADA was trading at $1.30+ at its height and was pretty pricey through that quarter of 2017.

But, I'm optimistic where it's heading.

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