Welcome to the fifth Black Box fortnightly update. As previously mentioned it is our goal to keep the delegation process as transparent as possible, and keep all delegators up to date with the latest news and events.
Firstly, thank you for your continued support! Black Box is now up to a total of 34 delegators. We’d like to extend a warm welcome to all of our new delegators!
It has been a very eventful fortnight! A few weeks ago sentiment in the cryptocurrency market was focused on an ‘inevitable bear market’ after a string of bad news. It is now clear that investors seem to have very short memories! Cardano ADA has recently been breaking out to new all time highs, and entering price discovery with the price currently sitting comfortably between $1.70USD and $1.80USD (an increase of ~45% from the last fortnightly update). This means that every delegator in Black Box is now sitting on some solid profits. Hopefully this trend continues!
I am extremely proud to announce that Black Box has received delegation from the Cardano Foundation of 15,283,723 ADA. The total delegation in Black Box currently sits at 15,494,123 ADA. With this new delegation Black Box will now be consistently elected as slot leader to build blocks on the blockchain, so standby for all the rewards coming to your wallets shortly. Thank you to everyone who has delegated and believed in Black Box from the start!
A reminder that rewards are paid out automatically, and to view your rewards simply click on the rewards tab in the delegation center.
Below is a screenshot of Black Box’s current pool statistics from www.pooltool.io
All servers in the Black Box network have been running smoothly and some upgrades were performed yesterday to add swap (virtual) memory as a backup to the dedicated 8GB of RAM on each of the 3 servers. The Linux operating systems were also updated to the latest standard.
On the 29th of April Cardano announced their ground breaking deal with the Ethiopian Government to host 5 million digital IDs of teachers and students on the blockchain. However, this is only the start as over the next couple of years they are planning on bringing 100 million people onto the Cardano network. Here is the link to the official video: https://www.youtube.com/watch?v=jKT_3clxeqw
Work has been ongoing in the background to attract additional delegators and grow the pool. To help supplement the continued growth of Black Box stake pool we would like to encourage you to share Black Box with your friends and family.
We hope this update has given you an insight into the work going on behind the scenes, as well as the performance of the pool so far.
If you have any further questions, please don't hesitate to get in contact.
Kind regards, Shane Severn