GALAXY STAKE POOL [GLXY]

Ticker: GLXY
Margin: 0% for a lifetime
Fixed costs: 340 ₳
ID: 8c14fb75532ae5e6424834eed255d432b0c5649700242de29c3dcfb9

Please be aware that GLXY is a new pool (March 2021), so the ROA and rest of metrics were not yet calculated. If you decide to stake with us, please be patient.

ADA STAKING FAQ:

What is Cardano staking and how can I benefit from it?

Staking Cardano is a great way to earn passive ADA income. You can view it as earning interest on your crypto holdings. With some assets, staking means you agree to lock up your tokens for a certain period of time, during which they are unspendable. However, this is not the case with Cardano. Much like Tezos, you can spend your Cardano whenever you choose.

By staking your ADA, you actively support the Cardano network by allocating resources to it and contribute to the stability of the network. In return for your support, you earn ADA tokens as a reward.

Can I choose the amount I want to stake and is my balance spendable while it's staked?

When you stake your ADA, you are actually staking your Cardano wallet. This means you can’t choose how much to delegate to the pool. It is all of your Cardano balance or nothing since you are staking your address to the pool. You can still perform normal transactions whilst your ADA is staked. When it is time to receive your rewards, a snapshot will be taken and your current balance at that time will be used to calculate your reward.

Is there charge fee to stake my ADA?

There are only two fees involved with staking your Cardano. One fee is a transaction fee cost. The other fee you will pay is a deposit. The deposit fee is 2 ADA and is required to register your address to start staking. If you choose to unstake your Cardano you will get the 2 ADA deposit back.

When will I start earning rewards?

When you decide to start staking your Cardano, you will initially need to wait 20 days to be approved. This will only happen the first time you decide to start staking your Cardano.

After this 20 day period you will start to earn rewards every 5 days. 5 days is equal to one Epoch cycle on the Cardano network.

This means that the first time you start to stake your ADA, you will need to wait 20 days for approval and then another 5 days for the first cycle to complete. So you will get your first reward 25 days after clicking Delegate and then every 5 days after this.

Is staking Cardano safe?

Staking your ADA tokens is done in a non-custodial way in Cardano network. That means that it is as safe as simply holding them in 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.

So instead of letting them sit idly in your wallet, you might as well put them to good use and let them earn rewards for you!

 

HOW TO DELEGATE

1. Buy Cardano Coins (ADA) on:

2. Transfer your ADA to one of the wallets:

3. Go to the staking/delegation section and look for:
(GLXY) Galaxy Stake Pool

Pool ID:
8c14fb75532ae5e6424834eed255d432b0c5649700242de29c3dcfb9

4. Hit delegate and choose the wallet you want to use for staking.

Enjoy your staking rewards!
CONTACT US

If you have any questions or need further information, please feel free to contact us

    GIVING BACK TO CHARITIES

    Every month we give 50% of OUR fixed cost fee to DONORS MESSAGE SERVICE BULGARIA