What is Cardano (ADA)?
Cardano (ADA) is a third-generation virtual currency (crypto asset) that improves the shortcomings of Bitcoin and Ethereum and is designed to withstand practical use around the world.
ADA is the original blockchain “CardanoThe name of the base currency of the network.
The "Cardano Network" is a system that is superior to previous virtual currencies in various aspects such as safety, convenience, scalability, and sustainability, using an innovative program verified by experts.
As of September 2021, Cardano ranks third in the world in terms of market capitalization.
What is Cardano staking?
Staking is a system that allows you to earn rewards while holding the target crypto assets in your account.
Bitcoin etc. have a mechanism to get rewards through Proof of Work (mining), but Cardano ADAProof of Stake (Delegation)This is a system that allows you to earn rewards.
Unlike mining, you can receive regular rewards by simply delegating your ADA to a stake pool.
Also, unlike other crypto assets, there is no lock period for assets due to staking, and you can freely withdraw and use them at any time while staking them. I can do it.
Staking rewards are earned once every 5 days. If the total amount of remuneration for the year (January to December) exceeds 200,000 yen,Please note that a final tax return will be required.
Risks related to crypto assets
Crypto assets are subject to various risks such as price fluctuations, liquidity, system and credit risks.
Please fully understand this and trade at your own risk and discretion.
Cardano staking method
① Purchase ADA at the exchange
② Transfer ADA to dedicated wallet
③ Delegation to stake pool
1.Open an account at a virtual currency exchange.
At domestic exchanges (BITPOINT) handles ADA.
2.ADA purchase
1.Create a wallet
Of the two official Cardano wallets (Daedalus and Yoroi),
The capacity isWe will explain how to create a lightweight and convenient armor (PC version/smartphone version).
→Click here for smartphone version
2. Transfer ADA from exchange to wallet
Delegate Yoroi wallet's ADA to the stake pool.
When delegating, pleaseOKAYAMA POOL [OKYM]
Please leave it to us! !
Cardano founder
Charles Hoskinson
Colorado-based entrepreneur and mathematician.
After studying analytic number theory at Metropolitan State University of Denver and the University of Colorado Boulder, he entered the world of cryptography.
Founding member of Ethereum and Cardano.
