The Kickass Entrepreneur
  • About
  • Blog
    • All Blogs
    • Create Wealth (Investing)
    • Entrepreneur Interviews
    • Featured Top Posts
    • Growing Profits
    • Growing Revenues
    • Marketing
    • Positive State of Mind
    • Real Estate Investing
    • Retirement
    • Sales
    • Selling your Business
  • Book
  • Courses
  • Podcast
  • Resources
  • Contact
The Kickass Entrepreneur
Subscribe
The Kickass Entrepreneur
  • About
  • Blog
    • All Blogs
    • Create Wealth (Investing)
    • Entrepreneur Interviews
    • Featured Top Posts
    • Growing Profits
    • Growing Revenues
    • Marketing
    • Positive State of Mind
    • Real Estate Investing
    • Retirement
    • Sales
    • Selling your Business
  • Book
  • Courses
  • Podcast
  • Resources
  • Contact
  • Finance

Why You Should Start Staking Your ADA And Why Mokum Stake Pool Is The Best Cardano Staking Pool

  • October 12, 2022
  • 395 views
  • 3 minute read
  • Meg Rivera
Share
Tweet
Share

The majority of ADA holders are not staking themselves and are missing out on important benefits. In this article, I will tell you why you should start staking yourself by delegating your ADA to a Cardano stake pool. In addition, I will tell you why I recommend selecting Mokum Stake Pool.

Why start delegating your ADA

The first and foremost reason to start staking your ADA is the rewards (interest) you earn, which annually amounts to about 3-4%. In case you leave your ADA on an exchange, you miss out on these rewards.

Some exchanges do offer the option to stake your ADA on their platform, but even then, they will take a part of the rewards which you could earn by staking yourself. It’s also noteworthy to mention that delegating to any stake pool is completely safe; you don’t actually transfer your ADA to a stake pool, but you allow the stake pool to participate in the Proof of Stake protocol on your behalf!

Secondly, by delegating your ADA to a small stake pool (with a low amount of stake/ADA delegated to it), you can support decentralization. Staking through an exchange or delegating to a large stake pool results in a high concentration of stake at a specific party, which is not in line with the basic principle of blockchain technology.

By delegating to a small stake pool, and thus supporting decentralization, you contribute to improving the resilience of the Cardano network.

Finally, by selecting the right stake pool, you can also have a positive impact on the world. There are a number of mission-driven stake pools that donate their profit (or a part of it) to charitable organizations.

Delegating to a mission-driven stake pool does not mean you receive fewer rewards yourself, since this is only dependent on the fixed and variable fees charged by the stake pools. However, it does allow you to have a positive impact, similar to opening a bank account at a sustainable bank not investing in fossil fuels.

Why choose Mokum Stake Pool

Mokum Stake Pool is a small stake pool committed to maintaining low fees: it will always have a minimum fixed fee of 340 ADA and a low variable (margin) fee of 2%. On top of that, it is reliably operated to ensure that the stake pool is fully functional, thus providing the number of rewards to its delegators it is supposed to provide. It is a transparent stake pool and it is even possible to verify its uptime on PoolTool by reviewing its block height.

In addition, Mokum Stake Pool has pledged to donate its profits to the NGO Save the Children which strives to create a better future for children, free from hunger, violence, and diseases. According to Stake Pool Operator Fabian: “I feel strongly that every child deserves to live a life with dignity and opportunities for the future.

That’s why I pledge to donate even if Mokum Stake Pool does not make an actual profit yet!”. Moreover, donations to Save the Children made by Mokum Stake Pool are done in ADA, maximizing its impact by reducing transaction costs.

Finally, the website of Mokum Stake Pool offers a great environment to learn about Cardano. It includes the most extensive Cardano stake pool FAQ, an explanation of how the Cardano project aims to use blockchain technology to improve the world, an explanation of Cardano’s proof of stake consensus mechanism, the delegation process, staking timeline, and a clear and simple explanation on how to delegate your ADA to a Cardano stake pool. For any questions or suggestions, feel free to reach out to Fabian on the contact page!

Thank you for your interest in THE KICKASS ENTREPRENEUR'S GUIDE TO INVESTING. Three Simple Steps to Build Massive Wealth with your Business's Profits. Please check your email to confirm the book download. Form: 400529

There was an error submitting your subscription. Please try again.

Related Posts:

  • 5 Coffee Start-Ups to Start Your Business
  • 7 Rationale Why You Should Start Blogging
  • 6 Steps To Start Your Restaurant
  • A Fine Start With Cryptocurrencies: Here’s What You Need to Know!
  • 5 Reasons To Consider Online LLC For Your Start-up
  • How to Start an Accounting Firm?
Share
Tweet
Share
Meg Rivera

Previous Article
transaction
  • Marketing

Reaching Your Target Audience: What Could Your Business Do Better?

  • October 12, 2022
  • Meg Rivera
View Post
Next Article
phone forex
  • Create Wealth (Investing)

Which Oscillator is the Best For Forex?

  • October 13, 2022
  • Meg Rivera
View Post
You May Also Like
loans
View Post
  • Finance

Pre-Approved Loans – What You Need to Know

  • February 2, 2023
  • Meg Rivera
How to Become a Millionaire From Nothing
View Post
  • Finance

Building Your Financial Future with the Help of a Premier Local Bank

  • February 1, 2023
  • Meg Rivera
Financial Wellness
View Post
  • Finance

The HR’s Guide To Financial Wellness At Work: Transforming Company-Employee Relationships

  • January 26, 2023
  • Frances
Real estate broker agent presenting and consult to customer to d
View Post
  • Finance

Commission-Free Brokers in the UK: A Beginner’s Guide

  • January 18, 2023
  • Meg Rivera
Paper with VA loan - U.S. Departament of Veterans Affairs on the table, calculator and glasses
View Post
  • Finance

Are You Eligible For A VA Loan If You Already Have A House?

  • January 17, 2023
  • Meg Rivera
Paying Finance Jobs
View Post
  • Finance

What Are The 26 Best Paying Finance Jobs?

  • January 6, 2023
  • Frances
Bitcoin,And,Canada,Flag.,Concept,For,Investors,In,Cryptocurrency,And
View Post
  • Finance

Who Regulates Cryptocurrency Exchanges in Canada?

  • December 19, 2022
  • Meg Rivera
insurance
View Post
  • Finance

What Is Medical Billing?

  • December 16, 2022
  • Frances

Join 6,472 Entrepreneurs That Get My Business Building and Wealth Creation Posts by Email

I can teach you how to build a successful, profitable business, and turn that into millions in personal wealth.

Thank you for your interest in THE KICKASS ENTREPRENEUR'S GUIDE TO INVESTING. Three Simple Steps to Build Massive Wealth with your Business's Profits. Please check your email to confirm the book download. Form: 400529

There was an error submitting your subscription. Please try again.

We won’t send you spam. Unsubscribe at any time.

Recent Posts
  • Investing in Multifamily Properties 1
    How to Choose the Right Neighborhood for Your Family: A Guide to Making the Perfect Choice
    • February 7, 2023
  • Chiropractic 2
    The Ins And Outs Of Starting Your Own Chiropractic Practice
    • February 7, 2023
  • Apple Device 3
    The Impact Of New Releases On The Value Of Your Used Apple Device
    • February 6, 2023
  • Trucks in a row with containers in the parking lot. Logistic and Transport concept 4
    Make Your Commercial Fleet Fuel-Efficient With These Tips
    • February 6, 2023
  • fist bomb 5
    5 Key Elements of effective teamwork
    • February 6, 2023
Featured Posts
  • Become a Decamillionaire
    How to Become a Decamillionaire, Grow your Net Worth to $10 Million, and Join the 1% Club
  • how to become wealthy
    The Entrepreneur’s Secret to How to Become Wealthy and Build a Personal Fortune
  • Most Profitable Small Businesses
    27 of the Most Profitable Small Businesses to Open in 2023
Categories
  • All Blogs (1,031)
  • Business (181)
  • Canadian Financial Products (4)
  • Create Wealth (Investing) (129)
  • Entrepreneur Interviews (24)
  • Featured Post for Main Menu (4)
  • Featured Top Posts (23)
  • Finance (39)
  • Financial and Investment Calculators and Economic Data (114)
  • Fitness (5)
  • Growing Profits (71)
  • Growing Revenues (70)
  • Growing Revenues (115)
  • Marketing (132)
  • Millionaire and Business owner interviews (3)
  • Positive State of Mind (68)
  • Real Estate Investing (16)
  • Retirement (13)
  • Reviews (12)
  • Sales (15)
  • Sell Me This Pen (8)
  • Selling your Business (13)
  • Startup Ideas (13)
  • Technology (102)
  • Top Products (4)
  • Uncategorized (54)
Follow us
Author
Jeff Wiener
Jeff sold his company to private equity in 2017 and is now semi-retired. Jeff spends time…

    CHECK OUT MY BLOG, AND SUBSCRIBE

    about
    The Kickass Entrepreneur

    Expand Your Business, Improve Profits, Create Wealth

    Expand your business, improve your profits, and create wealth. Each one of the three can be elusive goals. Follow the right steps, and you, too, can create financial independence. It is possible … you just have to take the right steps.
    NAVIGATION
    • About
    • Blog
      • All Blogs
      • Create Wealth (Investing)
      • Entrepreneur Interviews
      • Featured Top Posts
      • Growing Profits
      • Growing Revenues
      • Marketing
      • Positive State of Mind
      • Real Estate Investing
      • Retirement
      • Sales
      • Selling your Business
    • Book
    • Courses
    • Podcast
    • Resources
    • Contact
    TAGS
    apartment BATNA Business business failure business growth business sale Capitalization Rate CAP Rate cash cash flow Creating Wealth Discipline entrepreneur entrepreneurship excel extra cash Featured goal setting Growing Business investing investment real estate M&A marketing Marketing KPIs Mergers and Acquisitions | M&A | Entrepreneur Blog Millionaire millionaire next door mistakes MUR Peter Principle Profit profitability real estate retirement revenue Revenues sales sales management Semi-Retirement Blog | Entrepreneur Blog | Small Business Blog small business Stagnant stocks success Thomas Stanley wealth
    RECENT ARTICLES
    • man looking at his tablet
      These Are The 7 Mistakes Six-Figure Earners Make
      • January 7, 2023
    • starting your own business
      6 Must-Know Tips For Starting Your Own Business
      • January 1, 2023
    • business loan application
      3 Ways to Use a Business Loan in 2023
      • December 27, 2022
    • bitcoin
      Why Invest in a Bitcoin Casino: Understanding the Crypto iGaming Business
      • December 22, 2022
    • money in grass
      Getting an Affordable Home Loan for the Eco-Home of Your Dreams
      • December 22, 2022
    • saas sales
      3 Proven Tactics to Increase B2B Wholesale Sales
      • December 22, 2022
    The Kickass Entrepreneur
    • Coaching
    • Book
    • Blog
    • Contact
    • Privacy Policy
    • Terms
    • Disclaimer
    • Facebook
    • LinkedIn

    Input your search keywords and press Enter.