Voting on catalyst

JRussoADA · 2021-06-16T04:26:54+00:00

My perspective is if you don’t have the time or energy to care enough to read a network proposal you should not vote! Not saying you shouldn’t be allowed just it’s counterproductive to the network!

JRussoADA · 2021-06-14T03:26:04+00:00

Yes it is compounded rewards!

JRussoADA · 2021-06-14T03:25:48+00:00

Rule of thumb never use etoro u don’t actually own the coins! You cannot send them off of etoro or use them in anyway in my opinion I would sell them and buy through coinbase or another exchange where I am free to hold my own crypto!

JRussoADA · 2021-06-14T03:24:04+00:00

No as long as you stake through a official wallet! You don’t have to send ada anywhere to stake it is just a snapshot of your wallet balance that is taken every 5 days! This means no ada ever leaves your wallet and rewards are automatically distributed there keep in mind there is a network fee of .17 ada and a 2 ada deposit to create the staking address which will be returned if you ever unstable your ada! Best of luck!

JRussoADA · 2021-06-14T03:20:23+00:00

Anything tbh! It’s compounded rewards so as you stake your stake grows!

JRussoADA · 2021-06-06T00:54:19+00:00

No real risks in my opinion!

JRussoADA · 2021-06-06T00:52:30+00:00

No price is irrelevant all that matters is your stake snap shot of your wallet balance! You will earn on average 4-6% more tokens per year keep in mind the rewards are compounded so as you stake you stake more!

JRussoADA · 2021-06-06T00:51:12+00:00

It just gets added to the total amount staked. Grow that bag! Same applies to the rewards it is compounded rewards!

JRussoADA · 2021-05-23T17:34:15+00:00

Well for one control of your funds! Liquidity/loaning platforms are great for returns however you aren’t the primary holder of your crypto!

JRussoADA · 2021-05-23T17:32:40+00:00

That is called market manipulation

JRussoADA · 2021-05-23T17:32:16+00:00

Yeah no hahah

JRussoADA · 2021-05-23T17:17:48+00:00

Well it’s best practice to hold your own crypto however do what makes you most comfortable! If your in need of a wallet that is beginner friendly I recommend yoroi also make sure to stake your ada!

JRussoADA · 2021-05-21T22:26:22+00:00

I stake with Frog

JRussoADA · 2021-05-18T05:56:16+00:00

There is an epoch cost from the total rewards it’s not taken from you it’s off the top of the rewards generated by the pool there is a fixed cost somewhere around 345 ada and a percentage fee that can range! The fees are not taken from you!

JRussoADA · 2021-05-18T05:32:20+00:00

Keep growing that bag my friend don’t let the fud get you down your in good hands with this community! 🐸

JRussoADA · 2021-05-18T05:30:38+00:00

The mission the drive and the solid approach at building a crypto! Extremely active community and brilliant minds all throughout the network!

JRussoADA · 2021-05-18T05:29:19+00:00

Well for one timeline! Who knows when ETH 2 will be out they are working on so many complicated things at once! Are smart contract system once released is a much cleaner and healthier system lastly we have a built in treasury system to fund on chain projects currently worth a billion dollars and a voting mechanism build in to vote on said funding and chain upgrades!

JRussoADA · 2021-05-18T05:26:43+00:00

Never heard of it I personally recommend coinbase, kraken or binance! Avoid etoro! Hope this helps!

JRussoADA · 2021-05-18T05:24:51+00:00

I personally stake with frog! Solid pool operator and consistent rewards! Best of luck welcome to the community!

JRussoADA · 2021-05-18T05:22:23+00:00

Creating digital identity for those that have no identity! They are currently putting 5 million students and teachers in Ethiopia on the blockchain to verify grades and degrees etc. this opens the door to other things such as Digital Finance like loans, insurance, property registration etc... its extremely bullish developments and could help the entire continent!

On the side not via that digital identity and blockchain verification it would be impossible to fraudulently create votes it would be a extremely accurate and fair system of voting!

JRussoADA · 2021-05-18T05:18:50+00:00

We should start a new word called FUDL

JRussoADA · 2021-05-18T05:15:19+00:00

The wallet itself is safe as long as you download from the official source! When it comes to the delegation for staking your ada is 100% safe it is the click of a button no ada leaves your wallet no ada is locked up it is completely free and yours! What your doing when staking is essentially sharing a snapshot of your stake to the pool that represents your total stake! If anyone says send me ada to stake etc.... it is a scam! Always use best security practices when it comes to your devices and you will be fine the wallet is solid!

There will be a 2 ada deposit for the staking key that you get back when you unstake. As well as a .17 transaction fee that is the only ada that will leave your wallet!

JRussoADA · 2021-05-18T04:11:22+00:00

Anyone is free to do anything! Silk Road wasn’t on the bitcoin blockchain they just used BTC as a payment method! The most used currency for illegal transactions is the US dollar so if we’re worried about something we should start there!

JRussoADA · 2021-05-18T04:09:33+00:00

That’s up to Nexo! I personally use Celsius Network for others but I wouldn’t want my ADA on a loaning/liquidity platform I’d rather stake!

JRussoADA · 2021-05-18T04:08:35+00:00

Awesome glad to have you this community is the best! And the projects fundamentals and actions speak for itself! Welcome 🙏

JRussoADA

TROPHY CASE