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 91 delegators. We’d like to extend a warm welcome to all of our new delegators!
The cryptocurrency market has recently seen a reversal in sentiment as the bearish news flow ceases, and focus shifts towards positive news. The recent uptrend in the cryptocurrency market has been a result of speculation that the world’s largest online store Amazon will soon be accepting digital currencies for payment. The origin of this speculation was a job posting by the e-commerce giant stating “the Payments Acceptance & Experience team is seeking an experienced product leader to develop Amazon’s Digital Currency and Blockchain strategy and product roadmap”.
Cardano has benefited from the flow-on effect of this market wide speculation, and is now trading above the 9, 20, 50 and 200 Exponential Moving Averages on the daily chart, indicating an uptrend towards the resistance and psychological level of $1.50USD. If history repeats itself a small drop will be expected from the $1.50 level back to $1.30 - $1.40.
Cardano’s Alonzo smart contract test-net has recently launched and developers continue their testing on schedule. The rollout has progressed to the “Purple” phase, which will be the first fully public Cardano test-net to support smart contracts. The date for the Hard Fork Combinator (HFC) event will be announced mid-August with the date anticipated to be early September. Once the HFC is completed on the main-net, smart contracts will be fully operational. This is a major step forward in the development roadmap for Cardano.
Black Box has been consistently producing blocks on the Cardano blockchain network, therefore, we have been paying rewards to delegators every 5 days. We distributed our largest rewards payment to date on the 4th of August, with a ROS of 9.97% (double what is normally distributed).
Black Box is proud to announce the following results for Epoch 282:
3.6M ADA Stake
$140 Donated to the Make-A-Wish Foundation
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