Welcome to the sixth Black Box fortnightly update. 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 39 delegators. We’d like to extend a warm welcome to all of our new delegators!
It has been another eventful fortnight! From Cardano trading at all time highs and entering price discovery above $2.40USD, to testing long term support back down at $1.00USD within the space of a few days. For everyone who is new to the cryptocurrency market this is surprisingly normal to see. Cryptocurrencies are a volatile marketplace, so as a reminder please only invest what you are ultimately willing to lose. Having said that, the case for Cardano remains unchanged, the downturn was caused by a negative sentiment from Elon Musk tweeting about Bitcoin’s energy inefficiencies and China banning cryptocurrencies for the 10th time…
Cardano’s Alzono smart contract test-net will be launching at the end of May and this is a big piece of the puzzle for Cardano’s development roadmap. Smart contracts will allow Cardano to compete directly with the second largest cryptocurrency, Ethereum. Cardano has also developed an ERC20 converter which will allow developers who currently use Ethereum to easily move across to Cardano.
Black Box has also received further delegation from the IOHK of 3,232,913 ADA. The current total amount of ADA staked with Black Box stands at 18,776,680 ADA. With this new delegation Black Box will 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!
Black Box has also written a rap song which has nearly reached 10,000 views on YouTube in only 2 days! If you missed it please click on this link: https://youtu.be/hYWtyaxxSWA
it is also available for streaming on Spotify: https://open.spotify.com/album/0JaaQlOOoOatxwsbnbdEDq?si=w8r095MtRDam24in3dSvfw
Epoch 266 Summary:
$110 Donated to the Royal Flying Doctor Service
A quick reminder that our delegator referral scheme is still running, so if you know of anyone interested in staking Cardano with Black Box send them our way!
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