Latest Epoch Summary
*For a full representation on pool performance, Huat will adopt the Lifetime ROS from Pooltool in our regular pool updates
*All infrastructure are upgradable, depending on future network growth and requirements
Official Cardano Statistics
Official Cardano Wallets
Yoroi is light, browser-based wallet which does not download the full blockchain and can be more easily accessed via chrome extension or as a phone app.
Daedalus is a full node wallet which downloads a full copy of the blockchain and validates every historical transaction.
Remember, your seed phrases are confidential and should only be privy to yourself (otherwise, you may lose your Ada holdings!)
*Note: The above are the two official wallets developed by IOG/ Emurgo. Based on recent progress on smart contractrs, both IOG and Emurgo are reviewing the wallets to better manage user experiences.
There are other privately developed and reputable wallets such as ccvault, Nami, Typhoon which are easy to use and may have better/faster interfaces particular to specific NFTs marketplaces / Dexes. Please DYOR and download only from official sources
Fast Guide on Delegating to Huatpool
Please refer to Section “Buy/Delegate Ada” for more in-depth guide.
– Create a digital wallet. Purchase Ada, send to wallet
– Under “Delegation List”, select Huatpool to view our statistics and click “Delegate” to confirm delegation.
– Wait 3 Epochs for your first rewards (refer to the delegation cycle and video)
Frequently Asked Questions (FAQs)
An epoch is a time parameter within the Cardano Ecosystem. Each epoch lasts for five days.
Example: Epoch 256 was between 28 Mar – 1 Apr 2021.
Our pledge is 200,000 ADA. Based on statistics from Adapools, the current average pledge of all stake pools is ~150,000 ADA.
We hope this reflects our commitment to the Cardano eco-system and responsibility to all our delegators.
Our fixed cost is 340 Ada per Epoch + a variable margin fee of 0.8%. The fees are for providing the services of validating transactions and minting blocks for the Cardano network.
ADA is the main currency of the Cardano Ecosystem.
There are 3 main ways to buy ADA in Singapore. Please refer to “How to Buy/ Delegate” section for more details
a) Independent Reserve
b) Crypto.com mobile app
c) Coinhako (as of writing, Coinhako team has updated that they are still working on their send module and there are no firm ETA to enable the wallet/send function.)
– Access your wallet.
– Click “Delegation List”
– Select “Huat”
Please refer to “How to Buy/ Delegate” section for more details.
Note: all your ADA will be automatically staked with the pool (minus the 2.17ADA staking fee). However, do not worry as the ADA does not leave your wallet, it is simply delegated to a stake pool.
There is no minimum staking amount to start delegation to any stake pool. However you need to have a minimum of 2.17 ADA to start staking ( 2 ADA to register your wallet for delegation and 0.17 ADA for one-time transaction fee).
After you have successfully delegated to a stake pool, and presuming that your delegated pool is minting blocks regularly, it takes n+4 epochs or 20 days to receive your first rewards
The estimated ROA is ~4.5-5% in the long term, and is dependent on various factors such as actual assignment of slots, amount of pledge/ live stake, stability and processing power of hard/software infrastructure etc.
As of writing, we currently have 630,000 ADA active live stake delegated to our stake pool.
Yes. There are no termination fees if you choose to withdraw your ADA from Huatpool. However, do note that there is the 0.17 ADA transaction fee to change delegation pool.
We had the same questions about investing cryptocurrencies initially. Seeing Bitcoin surge and fall dramatically is not for the general retail investors with a lower penchant for risk.
Cardano’s philosophy of decentralisation and vision of banking the unbanked, allows it to be overseen and managed by the Cardano Ecosystem itself, vastly reducing the speculative components. Its primary Proof-of-Stake concept requires the pool owner to have his own pledged funds in his pool in order to be allocated with block production (which then comes with its own rewards). In that aspect, price surges are less likely, but rewards are more consistent.
In gist, Cardano ADA is more like passive investing, with an annualised estimated return of ~5% (refer to above FAQ on estimated returns).
We at Huatpool believes in this vision, and are committed to help improve the Cardano Ecosystem.
Life Of The Huat Pool Operator
♠ Grew up in the tropical Southeast Asian country of Singapore. Graduated from National University of Singapore in Real Estate(Bsc).
♠ Technology, blockchain, nature and music adventurer
♠ Avid traveler and explored 46 countries counting. Enjoys a nice cup of tea, a good hike, and experiencing different cultures. Aiming for lifetime 100 countries.
♠ Speaks English, Mandarin, Spanish
♠ Aligned with Cardano’s philosophy of decentralization. Believes that every individual should have the ability to make their own informed choices, based on similar opportunities. Let’s Huat together!