Adakin

Frequently Asked Questions

Frequently Asked Questions

How to stake our ADAs to your Stakingpool?

There are two official wallets for Cardano. Yoroi is for mobile devices and Daedalus for Desktop. Download one of them to send your ADAs from the Exchange, where you bought your ADAs. In your wallet, go to the Stake pools and search Adakin or our ticker ATIN and then delegate. One time cost for delegating to one pool is about 0,2 ADA.

Why should one stake their ADA coins?

By staking ADA to Cardano pools, you are supporting the Cardano network and simultaneously earn rewards.

Is it safe to stake your ADA to pools?

Yes, as staking doesn’t lock up your ADA and you can move it anytime you want. Your private keys are always with you whether using Daedalus and Yoroi, thus staking is safe.

Do the pools have access to your ADA?

You are the only owner, controller, keeper of your ADA and it never leaves your wallet. By staking, you basically choose the pool which you support.

Why would you join a small pool and not earn rewards by staking in big pools?

Give a chance to small pools, which although small, contributes to cardano’s vision of fair share. You will not be guaranteed to produce a block every epoch (5 days), but you might get more return if a block is produced within the next epochs. On average the return is about 5% yearly.

What is pool saturation and why is it important?

In simple terms, it is designed that once a pool reaches the point of saturation, it will offer less rewards. Saturation exists to prevent any single pool to becoming massive and any other pools to have a chance.

I do not own ADAs yet, should i buy ADA?

We are not financial advisors. Please do your own research and know your risk tolerance first!