How staking works
Staking is a system where you can earn rewards as a thank you for participating in the blockchain by holding virtual currency (ADA) in your wallet.
Cardano has servers (stake pools) around the world that verify and record ADA transactions, and ADA holders can receive rewards by delegating validation work to stake pools.
As of September 2021, there are approximately 3,000 stake pools, and OKAYAMA POOL is one of them.
A "block" is a "block" in which ADA transactions are recorded by one stake pool randomly selected from stake pools around the world, which is generated once every 20 seconds on average, and is transferred to the "blockchain". I will continue to add more.
Generally, the probability of being selected is proportional to the amount of ADA delegated to the stake pool, and the more ADA there is, the higher the chance of "block generation". This kind of system is called "PoS (Proof of Stake)".
If a stake pool successfully generates a block, it will receive a reward as proof of its contribution to the Cardano network, and the reward will be distributed to the delegator according to the amount of delegation.
At OKAYAMA POOL, thanks to the support of our delegates,
As of February 2024, we have received 3.1 million ADA entrusted, and are in a state where we can distribute rewards with a high probability of 95%.
Please consider staking with OKYAMA POOL.
When can I receive the staking reward?
Staking rewards are distributed to delegates through the process described above.
If the first delegation registration was in epoch 293 (from 6:44 AM on September 28th to 6:43 AM on October 3rd),
The first reward receipt date will be around 6:44 AM on 10/18 (15th to 20th day).
From the second time onwards, the above process will continue to be performed automatically, so rewards will be distributed regularly every 5 days.