Welcome to the 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 80 delegators. We’d like to extend a warm welcome to all of our new delegators!
The ripple effect of China banning cryptocurrency mining and shutting some of the largest mining operations is slowly abating. Bitcoin has shown significant support once again above $30,000USD. Cardano ADA has also rebounded off $1.00 in an upwards ascending triangle pattern on the daily chart. This particular chart pattern is a bullish formation that usually forms during an uptrend as a continuation pattern.
Cardano’s Alonzo smart contract test-net has recently launched, and testing has been going to plan and running on schedule. The first smart contracts have successfully run on the test-net without any major issues. As previously mentioned, smart contracts are 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.
Black Box has been consistently producing blocks on the Cardano blockchain network, therefore we have been paying rewards to delegators every 5 days. On the 25th of June, Black Box paid our highest ever return to delegators for epoch 272, a total of 15,000 ADA after producing 21 blocks over the 5 day period. Epoch 276 sees Black Box elected as slot leader for a total of 20 blocks, which will generate another great return for delegators. The consistent block production has also enabled us to donate $890 to charity recently.
Black Box is proud to announce the following results for Epoch 275:
18.98M ADA Stake
$90 Donated to the Make-A-Wish Foundation
We have recently increased our pledge to 95,000 ADA and reduced our margin fee to 0%. This now makes Black Box one of the most competitive pools on the network. Additionally, after supporting the Royal Flying Doctor Service in Australia for the past six months and raising in excess of $350, Black Box will now also be supporting the Make-A-Wish Foundation. Black Box has committed to donating 10% of all pool fees to the Make-A-Wish Foundation on a regular basis. Black Box is proud to be supporting such a great cause, commensurate with our mission goals as a Cardano Stake Pool.
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 would also appreciate it if you liked and followed our social media profiles to help increase our organic reach - links are below.
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