Faq

What is staking?
Which Wallets Are Supported?
How do the stake pool rewards work?
When will I get my staking rewards?
What is pool saturation and how can it affect rewards?
How much will I earn?
From where will I get ADA tokens?
How to delegate ADA tokens?

Staking is a process where ADA token holders delegate their ADA to a staking pool. It enables ADA token holders who do not have the skills or desire to run a full node to be part of the network and be rewarded proportionally based on the amount of staking that is delegated.

There is NO security risk for the user as you are not sending any funds to our pool, just delegating your account.

Both Daedalus and Yoroi wallets are supported for the mainnet staking.

You can download Daedalus wallet here and Yoroi wallet here.

When our stake pool is elected as a slot leader to produce blocks on the blockchain, our pool is rewarded with some ADA for every blocks we produce. We keep 340 ADA + 1% from the total rewards and the remaining rewards are automatically split and given to the delegators staking their ADA at our pool - proportional to their stake amount.

Rewards for each epoch are distributed after the subsequent two epochs. This means that the mainnet will not begin to distribute rewards until two epochs after launch.

An epoch on the mainnet lasts 5 days. So in theory, you will first see your rewards approximately after 10 days.

Saturation is a term used to indicate that a particular stake pool has more stake delegated to it than is ideal for the network, and once a pool reaches the point of saturation it will offer diminishing rewards. The saturation mechanism is designed to prevent centralization by encouraging delegators to delegate to different stake pools, and operators to set up alternative pools so that they can continue earning maximum rewards. Saturation, therefore, exists to preserve the interests of both ADA holders delegating their stake and stake pool operators.
The goal is to avoid any single pool becoming too large thereby disincentivizing delegation to that particular pool and receiving a disproportionate amount of the rewards.

The health of the network is partly determined by having a high number of active stake pools with a balanced amount of stake delegated to them. The more numerous and geographically diverse the network's pools the better it is for Cardano ecosystem.
Once our pool becomes saturated then we will launch subsequent pools.

We personally request delegators to support us by staking with us for the longterm and help us to grow in the initial phases of Cardano mainnet launch. Also support other small pools for true decentralization of the Cardano ecosystem.

You can calculate how much ADA you will get with the official 

Cardano staking calculator. The rewards predicted by this calculator are only an estimate. This calculator is provided for guidance only.

You can buy, sell or trade Ada through digital currency exchanges. 

Please see CoinMarketCap  for further indications where and on which exchanges Ada is currently listed. Binance is the most popular exchange.

In India you can purchase ADA tokens from Bitbns.

Coming up...

  • White Telegram Icon
  • White Facebook Icon
  • White Twitter Icon
  • Untitled-1_edited_edited

© 2020 by Prime Stake Pool.