Cardano Staking
Solidarity Pool for Social Justice
Stake your ADA in a pool that generates rewards while helping to fund social change around the world.
25% of revenue from operating fees is donated to projects advocating for economic, gender, and racial justice.
25% of revenue is pledged back into the pool.
50% goes towards creating and deploying dApps that provide individual returns while funding the social justice movement.
Ticker: SOLID
ID: 32f6df36b4625d51971dedb0cabd20a6c8577165d5f15530594dbc6b
Donation Address: addr1qygw00aylfs66p7dmxfsq55jskzqacuzsrgnhdfw7awth5ysy9j5u4h44pgmkjjn36pwh9pxuslvsgdu9as720594jtqvyqzmz
What is Cardano?
Cardano is a proof-of-stake blockchain platform: the first to be founded on peer-reviewed research and developed through evidence-based methods. It combines pioneering technologies to provide unparalleled security and sustainability to decentralized applications, systems, and societies.
With a leading team of engineers, Cardano exists to redistribute power from unaccountable structures to the margins – to individuals – and be an enabling force for positive change and progress.
Source: cardano.org.
What is ADA?
ADA Is the native token of Cardano. It is named after Ada Lovelace: a 19th-century mathematician who is recognized as the first computer programmer, and is the daughter of the poet Lord Byron.
ADA is a digital currency. Any user, located anywhere in the world, can use ADA as a secure exchange of value – without requiring a third party to mediate the exchange. Every transaction is permanently, securely, and transparently recorded on the Cardano blockchain.
Every ADA holder also holds a stake in the Cardano network. ADA stored in a wallet can be delegated to a stake pool to earn rewards – to participate in the successful running of the network – or pledged to a stake pool to increase the pool's likelihood of receiving rewards. In time, ADA will also be usable for a variety of applications and services on the Cardano platform.
Source: https://cardano.org/what-is-ada/
Simply navigate to the delegation tab, select a pool, press the delegate button, and follow the steps. If it's the first time you delegate with this wallet, you will need to make a 2 ADA deposit (which is returned back to you when you undelegate and deregister your delegation key).
What is stake pool delegation?
Delegation is the process by which ADA holders delegate the stake associated with their ada to a stake pool. It allows ADA holders that do not have the skills or desire to run a node to participate in the network and be rewarded in proportion to the amount of stake delegated.
Do I need to send my ADA somewhere?
No! Staking is done from your own wallet and you never lose access to your funds. When staking, you can send and receive ADA as usual.
Be cautious if you are asked to send your ADA to an address you do not control. You do not need to do this in order to stake.
Never share your wallet key or mnemonic phrase with others. Keep them secure.
What do I need to stake my ADA?
You will need one of the two official Cardano wallets:
Daedalus: Full node wallet developed by IOHK. This means that unlike light wallets (such as Yoroi), Daedalus downloads a full copy of the Cardano blockchain and independently validates every transaction in its history. This takes a while to sync and uses your local disk space but provides you with more security without depending on third party services.
Yoroi: Light wallet for Cardano. It’s simple, fast and secure and a Emurgo product, engineered by IOHK. It follows best practices for software in the industry including a comprehensive security audit. Daedalus and Yoroi are complements to what they try to achieve. Yoroi looks to be a day to day wallet for a Cardano user similar to MetaMask for Ethereum.
Regardless of which wallet you choose, you will first need to fund your wallet. You can do this by sending funds from another wallet or your exchange account. If you you're using Yoroi, you can purchase ADA from within app
How do I delegate using the Yoroi wallet?
Navigate to the Delegation List tab.
Search for Solidarity Pool for Social Justice. You can enter the ticker SOLID the pool ID 32f6df36b4625d51971dedb0cabd20a6c8577165d5f15530594dbc6bor.
Press the delegate button, and follow the steps.
Note: If it's the first time you delegate with this wallet, you will need to make a 2 ADA deposit (which is returned back to you when you undelegate and deregister your delegation key).
Pool ID: 32f6df36b4625d51971dedb0cabd20a6c8577165d5f15530594dbc6b
Ticker: SOLID
How do I delegate using the Daedalus wallet?
Go to the Delegation Center
Select the Stake pools tab.
Search for our ticker, SOLID, and click Delegate to this pool.
Select the wallet you are going to delegate.
Confirm or change your stake pool selection
Use your spending password or connect your Hardware Wallet to confirm the transaction to delegate to the selected stake pool.
Pool ID: 32f6df36b4625d51971dedb0cabd20a6c8577165d5f15530594dbc6b
Ticker: SOLID
Where can I buy or sell ADA?
The most common way to buy and sell Cardano is through many cryptocurrency exchanges. Here are some of the most reputable ones along with referral links:
Binance (referral link provides 10% off trading fees)
You may also be able to purchase ADA from the Yoroi wallet depending on your country.