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Huge Achievement for Cardano as Charity-Focused Stake Pools Surpass $500 Million Worth of ADA

Huge Achievement for Cardano as Charity-Focused Stake Pools Surpass $500 Million Worth of ADA



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  1. tldr; Cardano Foundation has announced that the amount of ADA delegated to charity-focused stake pools has surpassed $500 million. Over 10,000 Cardano users have already made such contributions. The largest stake pool has already collected $14.6 million. The foundation plans to make it possible for charities to directly accept ADA donations with third-party payment providers.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  2. Let’s hope thr Cardano project continues with this amazing streak of good things happening, and spread the real value of blockchain around.

    Hope the people who came into it only for the quick profit don’t ruin it.

  3. **Cardano Foundation has announced that the amount of ADA delegated to charity-focused stake pools has surpassed $500 million.**

    **Cardano’s Shelley mainnet went live in July 2020, which allowed ADA holders to stake their tokens to earn interest.**

    **Mission-focused pools donate a percentage of their block rewards to numerous charitable causes. The largest one** [**has already collected**](https://pool.pm/mission/stake) **12.3 million ADA tokens ($14.6 million).**

    **In this way, delegators kill two birds with one stone: they earn personal rewards while donating money to charity. Over 10,000 Cardano users have already made such contributions.**

    **The list of ADA recipients is determined by stake pool operators, which helps bring more transparency to the table. It includes a whole swath of organizations of the likes of The Water Project and SolarAid that cover environmental awareness, animal welfare and other issues.**

  4. Been staking for a while. The percentage keeps increasing on Exodus as well. Just this morning I noticed it increased a bit. Pretty nice.

    Even withdrew my first payment. That was a mistake though in retrospec: 1.3 ADA received, paid 0.2 in fees lol.

    Live and learn.

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