FAQ

Are cryptocurrency and blockchain the same?


Cryptocurrency is a digital asset that has a market value, unlimited or limited quantity and works as an exchange of products and/or services. Blockchain is the technology that makes cryptocurrency work, where it creates a digital ledger made out of certain amount of transactions that are collected in a series of blocks (hence, blockchain).




What is exchange?


As conventional currencies have an exchange value between one another, cryptocurrencies also share this feature. For example, in a traditional manner you can trade USD ($) for EUR (€), as well for cryptocurrency you can exchange USD ($) for ADA (₳). There are platforms dedicated to exchange such as Binance & CoinBase where you can acquire cryptocurrencies for traditional currencies.




What is Cardano?


Cardano is a proof-of-stake blockchain platform: the first to be founded on peer-reviewed research and developed through evidence-based methods. It combines pioneering technologies to provide unparalleled security and sustainability to decentralized applications, systems, and societies. Main objectives of Cardano: 1. Proof-of-Stake / Ourobouros Protocol: The Most Environmentally Sustainable Blockchain Protocol 2. The Highest Standards In Development, Rooted In Science 3. Unparalleled Security - And The Makings Of A Trustless World 4. Open And Incentivized Participation 5. Extremely Scalable And Environmentally Sustainable




How to Stake my ADA (₳)?


1. Buy ADA. Register in a reliable exchange and buy ADA. 2. Send ADA to your wallet. Send your ADA to Yoroi or Daedalus Wallet. 3. Stake ADA. Select your favorite pool (Frontier Pool) and click in “delegate”. 4. Receive rewards.




When do I recieve rewards?


Everytime the pool makes a block, it generates rewards for the SPO and the delegators. This reward will be distributed after two epochs (an epoch duration is 5 days). Epoch 1 ---- Snapshot Epoch 2 ---- Reward calculation Epoch 3 ---- Reward distributed




Why should I take out my ADA from Exchanges (Binance, CoinBase, others...)?


Exchanges are centralized systems and if you have your coins with them, it means you don’t own them. Always remember “not your keys, not your crypto”.




What is the minimum ADA required to stake?


3 ADA.




Is my ADA locked while staking?


No, you have liquidity at all times. This means you can withdraw your ADA anytime, send it to any exchange and trade it.