When you turn on your faucet, do you think about it? How infinitely powerful it is that you have clean, drinkable water at arm’s length nearly everywhere you go? This simple circumstance may be standard for you, but elsewhere on … Read More
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GYS
Some Frequently Asked Questions
What is Staking?
A stake is any amount of Ada held on the Cardano network. The size of the stake correlates with the amount of Ada held. You can earn rewards on your stake by assigning or delegating it to a stake pool. These rewards are paid to the stake pool operators and to the delegators, staking contributes to the decentralization of the Cardano network.
What is Stake Delegation?
Stake delegation is the act of assigning your stake to a particular stake pool. Once this has been done you can earn rewards every epoch (5 day period).
How can I Delegate Stake?
First you must own and hold Ada within an approved wallet. Click here for directions based upon the currently approved wallets.
Secure and Reliable
Grow Your Stake (GYS) is a Cardano Stake pool operation. GYS has over 25 years in software development, 10 years in software security, and an overall 35 years in the tech industry.
DROP4DROP
663 million people lack clean water. All rewarded proceeds go to Drop4drop to fund sustainable clean water solutions to countries that need it most. #cleanwaterforall
Open Communication
We will keep you up to date with everything going on. From server and Cardano updates to Drop4drop projects funded. We will send out monthly newsletters to keep you informed on what we are doing to give you the best return.
What is Cardano?
Cardano is a 3rd generation proof of stake blockchain platform founded by the Co-founder of Ethereum, Charles Hoskinson.
Cardano
Proof of Stake Blockchain Cardano is one of the first proof-of-stake blockchain platforms and it is 100 times more decentralized than bitcoin. 2020 is a huge year for Cardano in terms of development, as they have 3 major milestones that have been in development in parallel that will launch. Shelley (Proof of Stake), Goguen (Smart contracts platform), and Voltaire (governance). The three of these combined create community-based potential energy that will accelerate and build rapid momentum. From the Cardano website, "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." That's a mission that matters!
What is ADA?
Ada Is the cryptocurrency of Cardano ADA is the digital currency token of Cardano proof-of-stake blockchain. 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 can be stored on multiple wallets- Daedalus, Yoroi, Ada-lite, and Ledger. Thanks to the recent developments with Shelley, your Ada can now be staked to earn more Ada.
What Can I Do With Ada?
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.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.
Latest posts
Uganda Well Completed Bringing Clean Water to a Village of 400 People
We just recently completed a well in Uganda and couldn’t be more happy. To think we could make this possible running a Cardano stake pool seems crazy, but it is far from that. Thanks to our delegators who support and … Read More
Overview of Cardano: Sustainable, Scalable, and Interoperable
We’re now in the third generation of cryptocurrencies, where we’ve realized that popular first-generation cryptos like Bitcoin and second-gen ones like Ethereum have proven unable to scale to millions and even billions of users. Notwithstanding all their advantages, first and … Read More
"Money won’t create success, the freedom to make it will."
— Nelson Mandela