Cardano staking: Now available with SMART VALOR!

Tuesday, March 14, 2023

Cardano is a proof-of-stake (PoS) blockchain platform powered by its original cryptocurrency, ADA. Cardano was created to provide a more secure, scalable and sustainable blockchain infrastructure than its predecessors, Ethereum and Bitcoin. The Cardano blockchain supports the creation and execution of smart contracts, which are self-executing contracts where the terms of the agreement between buyers and sellers are written directly in lines of code and don't require intermediaries.  

For many, the breadth of Cardano's use cases, from DeFi to agriculture, its focus on sustainability, its development team and the fact that it explores real-world applications alongside product development make it one of the most attractive investments in the crypto space. 

Sounds great? It gets even better: from today onwards, you can stake your ADA with us and effortlessly earn a passive crypto income of up to 5% p.a.  

What is staking? 

Staking is the process in proof-of-stake (PoS) blockchains such as Cardano, where you deposit the cryptocurrency you own and make it available to the network's validation process for a certain amount of time (called the lock period) before getting your deposit back (ideally with some extra reward on top). The validation process works thanks to validator programs, which can check the correctness of a piece of code attached to the blockchain. These programs run on nodes - computer systems that use their processing power to validate these transactions and update the blockchain with the new data. Anyone who chooses to participate in this process by placing their coins becomes an active participant and acts as a 'validator'.  

In the Cardano blockchain, validators are selected based on the amount of cryptocurrency they have staked. The more cryptocurrency a validator stakes, the greater their chances of being selected to validate the next block of transactions and earn rewards. 

What is unique about staking in Cardano? 

Any ADA holder who wants to stake their coins and earn rewards can choose to run a validator node themselves or delegate their ADA to a staking pool if they don't have the skills or don't want to run a node. A staking pool is created when several owners pool their cryptocurrencies to back a node to increase their chances of receiving rewards. 

The ability to delegate coins to a staking pool means that everyone can benefit from the rewards generated by validation. Staking in Cardano is an easy and secure way to earn rewards while supporting the validation process of the network. With its decentralised staking system and focus on sustainability, Cardano is quickly becoming one of the most popular staking platforms in the crypto world. 

What are the benefits of staking ADA with SMART VALOR? 

For our clients, we run staking software on dedicated hardware 24/7, validating transactions on the Cardano blockchain and securing private keys. As a result, we enable investors to earn competitive returns and avoid risk while maintaining custody of their crypto assets. 

With SMART VALOR Cardano Staking, you avoid the need to purchase hardware and run a software protocol yourself. There's also no need to set up a complex security process to protect your private keys. 

Cardano Staking on SMART VALOR is secure and simple. You benefit from the custodial security of a regulated crypto exchange, approved for registration by a financial regulator in one of the most respected European jurisdictions with advanced crypto regulation. 

Deposited funds are locked for 30 days, and you cannot withdraw them during the lock period. Earnings are paid directly into your crypto wallet at the beginning of each month until you unlock your assets. 

Regarding investment returns, we offer one of the most competitive rates on the market. Users can earn up to 5%* annually with a minimum holding of 1 ADA.  

Sound interesting? Then be sure to invest your ADA with us - for more details on how to stake your coins with SMART VALOR, click here