Why Cardano

Cardano is a decentralized public blockchain and cryptocurrency project and is fully open-source and peer-reviewed.

They seek to provide economic identity to the billions who lack it by providing decentralized applications to manage identity, value and governance. Join us to earn rewards on ADA!

Stake Pool

Our stake pool can be found by searching for the ticker BEAR.

Important Details
We run at the network minimum fixed fee of 340 ₳. We have dedicated a pledge of 1.1M ₳ to this pool and we have a very low margin at 0.93% for operating pool costs.

Design

2 Relay Nodes
1 Block Producer
Caddy Web Server
Firewall separation

Our decision to go with 
Amazon Web Services
 gives us multi-layer security, redundancy, back-ups, DDoS mitigation, and continuous monitoring and alerting.

Why stake with us?

We are a team of 3 technologists with industry experience in software development and server administration. We are excited to test the boundaries of Cardano and Amazon Web Services to provide a low-cost and reliable solution that will lead to good rewards for delegators; contact us here.

In 2018, we were intrigued by this whiteboarding session given by the founder of Cardano, Charles Hoskinson. Since then we have seen the Cardano team achieve two major milestones (Byron and Shelley). We encourage everyone to review the Cardano Roadmap to learn about the upcoming work to be delivered. 

Cardano is a proof-of-stake protocol. For a quick video review of basic terms and concepts please start here.

Staking Basics

The probability of forging a block and getting a reward to distribute is determined by how much ADA we hold

Stake Pool Delegation

Reward System

The validator nodes we have setup will collect network fees and distribute rewards every 5 days to delegators

Rewards Calculator

Efficiency Gains

Proof of Stake (PoS) systems can be much more cost and energy efficient than proof of work (PoW) systems like in Bitcoin

Why Proof of Stake?

Quick Start Guide

This guide helps setup a cryptocurrency exchange, an ADA wallet, and a delegated stake earning rewards. 

1. Purchase ADA on an exchange

If you do not yet have an exchange, we recommended getting setup with Coinbase by clicking here. Other exchanges we recommened that carry ADA include Bittrex and Crypto.com

Once you complete account setup and verification, add a payment method so you can make a purchase of Cardano (ADA)

Please note that most exchanges require users to wait a certain number of days (typically 5-9) before being allowed to send ADA to a personal wallet. 

2. Pick wallet software and install

ADA wallet software is needed to send/receive transactions as well as to delegate your ADA to earn rewards. 

For quick mobile access, download EMURGO's YOROI (iPhone linkandroid link). 

For desktop with 15GB free spacedownload Daedalus

Whichever you choose please follow the instructions carefully. Write down and store your recovery passphrase securely.

3. Send ADA to personal wallet

We want to send the purchased ADA to the personal wallet that was just setup. Navigate to the send feature and select how much Cardano (ADA) you would like to send. We recommend doing this with a small test amount (10 ADA) for the first time.

The exchange will need to know the receive address from your wallet. It should be a long text that starts with 'addr'. In YOROI, there is a tab called Receive with this info.

4. Delegate wallet to BEAR Stake Pool

Once ADA arrives in your wallet, you can delegateto begin earning ADA rewards (~5% per year distributed every 5 days). 

In YOROI, find the Delegate tab in the bottom right. Search for BEAR stake pool and delegate by clicking the green text

For those on Daedalus wallet, the stake pools tab will provide similar functionality. Search for BEAR and select delegate.

Math Experiment

Let's start with 10,000 units. Rewards are paid every 5 days. Estimated annual rewards are around 5%. 
Given a 10 year time period, we can use the compound interest formula to predict a new total of 16,484 units due to stake rewards.

The above does not yet take appreciation into account. Assuming Cardano remains in the top 10 cryptocurrencies, we are personally hoping for $10 ADA by 2030. The current ADA price is below.

1 ADA () is worth

Is Delegating Safe?

Delegating your ADA () to a stake pool is 100% secure.

The delegation process has nothing to do with sending your ADA. If any pool or person requires you to send them ADA that is a scam. 

The worst thing that can happen with delegation is that your pool does not perform well in terms of rewards.

IOHK - DELEGATION RISKS CARDANO FOUNDATION FORUM

Cardano Price?

2020/2021 continue to be foundational development years at Cardano which means new highs are ahead of us. While no one has a crystal ball, it is worth sharing the discussion links. By 2022, we hope ADA reaches $2.

Charles has said he expects Cardano to reach project maturity by 2024/2025 so we are looking to the long term.

QUORA - Will ADA REACH $100? COINSWITCH NEWS

Disclaimer

The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. We do not recommend that any cryptocurrency should be bought, sold, or held by you. Conduct your own due diligence and consult a financial advisor before making any investment decisions.

This website is published in good faith for informational services to better support delegators of the BEAR stake pool. The delegation service provided by the Cardano Network allows people to delegate their stake and receive rewards. You will never “invest” any digital assets with us. Delegating to our stake pool does not involve transferring or legally assigning the digital asset or the rights thereof.

We do not provide any guarantees or make any commitments as to the amount of staking rewards that can or will be earned through your delegation. We do not make any representations to the potential appreciation in the value of the staked digital asset. We provide our delegators access to the protocol; we do not control the inflation or staking rate or any other parameters of the protocol.

Any action you take upon the information provided on this website (ADA Bear Networks), is strictly at your own risk. We do not make any warranties about the completeness, reliability or accuracy of this information. The BEAR Stake Pool will not be liable for any losses/damages. Keep in mind that we may receive nominal commissions when you click our links and make purchases.