The New Year is here and is well underway, we hope you had a good one! In this article, we look at staking and some amazing stake pool offerings that are available to all stake pool delegators on Pop Up World (PUWSP). Want some free SNEK and Pudgy tokens? Read on!
What is Staking?
Think of a stake pool as a pot of funds allocated to a particular cause or project.
The Pop Up World Stake Pool (PUWSP) is built on the Cardano cryptocurrency network. The stake pool allows supporters to delegate their funds in Ada. Ada is the native currency of Cardano.
A ‘block’ is minted when the pool successfully completes a digital algorithm based on transactions on the network. This setup helps to secure the network and verify transactions,
Should the pool mint a block the pool is rewarded by the network with Ada and the delegator is also rewarded with a proportion of Ada generated. The Ada rewards come from the network not from the delegator’s pool of funds.
The system is completely automated which means Ada rewards will be sent directly to your wallet should the pool mint a block.
Why Stake to a Stake Pool or PUWSP?
The problem is, out of all start-ups launched, less than 1% ever receive external funding to realise their dreams. For ethnic minority founders, the figures are even lower, with less than 1%, of those 1% of founders finding success.
We launched Pop Up World, (PUW) and our stake pool (PUWSP) to address these important issues.
The stake pool set-up allows for the pool to generate funds to finance operations and support projects. In return, the delegator receives rewards simply for delegating to the pool.
The interesting and unique thing about staking on the Cardano network is that delegators do not need to send their funds to the pool or lock up their funds in any way. The funds remain in your wallet the whole time and can be spent as and when you wish.
You are simply casting a vote backed by your Ada, indicating that you wish to support the pool.
Staking is essential for Cardano not only to secure the network but also because it allows delegators to support projects without ever investing their funds.
You keep hold of your funds the whole time. You can stake as little or as much as you like and you can stake to multiple pools using multiple wallets.
As a Cardano holder there really is no reason not to delegate your Ada to your preferred pool(s) as you will essentially be receiving free rewards periodically for doing nothing with no risk to the Ada in your wallet.
If you are new to Cardano and want to learn how to create your Cardano wallet(s) and fund it with Ada you should read the article below.
Stake Pool Rewards
ADA
By staking your Ada to the Pop Up World Stake pool (PUWSP) you will receive the usual Ada rewards should we mint a block as described above but in addition, we have created exciting additional benefits for our delegators.
Pop Up World (PUW) tokens
Delegators will receive free Pop Up World (PUW) tokens for every 6 months that they are delegated to the Pop Up World stake pool, whether we mint a block or not.
The Pop Up World token is a native token on the Cardano network and can be exchanged to access applications on the Pop Up World platform or exchanged on decentralised exchanges (DEXs) for value, Ada or other cryptocurrencies.
New Year’s Rewards
As an extra incentive, we are offering additional rewards to delegators to the Pop Up World stake pool (PUWSP). These extra rewards will be given to all delegators that remain staked to the pool for 6 months or more and are offered on a first come first served basis whether we mint a block or not.
SNEK Tokens
SNEK is a deflationary meme coin that was launched on Cardano. It has become a cultural crypto movement. SNEK is one of the largest tokens on Cardano in terms of trading volume.
Pudgy Cat Tokens
Pudgy Cat tokens (PUDGY) is another meme coin on Cardano. The token describes itself as the “The number one ARTCoin on Cardano”.
Final thoughts
Staking on the Cardano network means you never lose access to your Ada. Your Ada is not locked and can be spent as you wish while delegated to a pool of your choosing.
With that in mind, there really is no reason to stake your idle Ada to the Pop Up World Stake Pool (PUWSP). Not only will you be supporting exciting new projects and ventures but you can also get your hands on all the rewards described above for free.
Are you ready for the stake pool revolution?
Disclaimer: Meme coins often have no intrinsic value and are issued for entertainment purposes only. This article is not financial advice and cryptocurrencies can and often do lose value.
Please note, we make no promises as to whether the value of the PUW token will go up, do your own research and please read our whitepaper. You must ensure that the receipt or exchange of crypto is legal in your territory.
***Disclaimer: This article is not financial advice and is given for informational and entertainment purposes only. Readers should conduct their own research and not invest more than they can afford to lose. Crypto is extremely volatile, and as such can drop in value considerably without notice. Pop Up World has a global presence and is not specifically targeting any jurisdiction with its content. Any crypto references are not intended for UK businesses or consumers. You should always seek legal advice to understand if the use or investment in crypto is allowed in your jurisdiction.
Want to learn how to stake on Cardano? Read this article:
Pop Up World token has a growing ecosystem and is one to watch for the future.
***Disclaimer: This article is not financial advice and is given for informational and entertainment purposes only. Readers should conduct their own research and not invest more than they can afford to lose. Crypto is extremely volatile, and as such can drop in value considerably without notice. Pop Up World has a global presence and is not specifically targeting any jurisdiction with its content. Any crypto references are not intended for UK businesses or consumers. You should always seek legal advice to understand if the use or investment in crypto is allowed in your jurisdiction.
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It starts with an idea. Pop Up World is a platform that helps start-ups and small businesses reach for the stars. No matter what size you are. Use our start-up guide Business Zero to Superhero, Design your Logo. Connect with investors via our Investor Connector. You can start a Website and Domain name. You can Search for and promote your Premises. You can promote your idea for free on our Pop Up World Ads site, you can even form a Limited Company You can also join us on our journey via the Pop Up World Token (PUW).
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The Pop Up World Token is designed specifically for entrepreneurs, to store value and to utilise on our platform Pop Up World. Join the revolution in financial freedom today.
Pop Up World token (PUW) on Cardano Decentralised Exchanges (DeXs), MuesliSwap, SundeSwap, Wingriders and Minswap. Or click the link here:
Pop Up World token has a growing ecosystem
Earn and help support the Pop Up World Blog and entrepreneurs worldwide by joining our Pop Up World Stakepool! Go to https://popupworld.co.uk/popupworldstaking
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It starts with an idea. Pop Up World is a platform that helps start-ups and small businesses reach for the stars. No matter what size you are. Use our start-up guide Business Zero to Superhero, Design your Logo. Connect with investors via our Investor Connector. You can start a Website and Domain name. You can Search for and promote your Premises. You can promote your idea for free on our Pop Up World Ads site, you can even form a Limited Company You can also join us on our journey via the Pop Up World Token (PUW).
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