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) Xfers –> Binance SG –> Binance.com –> Wallet
b) 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.)
c) Crypto.com –> Wallet (as of writing, Crypto.com is currently not accepting any new registration requests. Upon enquiry, the Crypto team is unable to provide a fixed timeline for them re-enable the service in Singapore.)
– 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, it takes n+4 epochs or 20 days to receive your first rewards.
Example: Delegate in Epoch 252 (n), receive rewards at start of Epoch 256 (n+4).
For a full breakdown, please refer to the delegation cycle.
The estimated ROA is ~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 415,000 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 a Huatster
♠ Born and grew up in the tropical Southeast Asian country of Singapore. Graduated from National University of Singapore with a Bachelor’s Degree in Real Estate.
♠ Avid traveler and explorer. Likes to hike, experience and listen to different cultures.
♠ 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.
♠ Life is meant more than a rat race and humans are meant to co-exist peacefully alongside each other and with the environment at large. Let’s Huat together!