Welcome to PlanetStake

Powering the Cardano ecosystem since 2019

Join our community to gain access to the experience and support of our dedicated and friendly team. If you have any further questions please contact info@planetstake.com

 

Low Fees

High Pledge

High Rewards

24/7

WHAT IS CARDANO

Cardano is designed to be the worlds most advanced cryptocurrency. It has been created from first principles by a large team of academic researchers with the goal of building the perfect blockchain ecosystem, vastly superior to both Bitcoin and Ethereum, and all of it's earlier predecessors

 

Cardano is scalable and efficient, also providing advanced security protocols interoperability and governance for all

 

The Future is here, and the Future is Cardano

WHAT IS STAKING

Staking is the process by which you are rewarded financially for delegating your stake.

 

By staking your ADA in a stake pool you earn real rewards whilst having complete access to all of your funds 24/7, and these rewards are projected to be between 6 -12% in the first year.

You are always in complete control when staking because you retain 100% ownership of your private keys and mnemonic phrases, so never give this information to anyone that asks

HOW DO I STAKE

Staking has never been easier.

 

1. Simply download and open the wallet and enter your recovery seed phrase to securely load your balance

2. Navigate to the staking page of the wallet and search for PlanetStake.

3. Click on the STAKE icon.

4. Click on "Delegate to this pool" and you're done, sit back and enjoy earning completely passive staking rewards

YOROI

 

 

 

DAEDALUS

 

 

 

MOBILE

 

 

 

POOLS

STAKE

Fees:  0%  Until 100M Stake or 1st Dec  then 3% thereafter

POOL ID: 0019cb5ac91c786a809f4d87622a29d2c7f57f4697f8c8e8457f4de4

What is Shelley


Shelley is the long-awaited second stage of Cardano's planned evolution, adding both decentralization and proof of stake (POS) to the ecosystem. This is a very important milestone for the Cardano project, advancing forwards on the path to becoming the number one cryptocurrency in the world. The five stages of planned evolution are: 1. Byron - Third Generation Cryptocurrency with Wallet 2. Shelley - Decentralization and Staking 3. Goguen - Smart Contracts 4. Basho - Scalability and Interoperability 5. Voltaire - Governance, (Voting)




Proof of Stake (POS)


Proof of Stake is similar to the older Proof of Work, (POW) systems, only significantly more efficient. While Bitcoin uses the power of a small country to mine the blocks that protect it's network, Cardano's POS system has been designed by the world's greatest minds, then independently peer-reviewed, to deliver superior global results on the power needed to run a single home. This is millions of times more efficient than the older POW systems. This POS system uses stake pools to create blocks and protect the network. ADA owners are then required to delegate stake to these stakepools in exchange for ongoing rewards. The more equally dispersed this stake is across all stakepools, the safer the network becomes.




Staking Rewards


Staking Rewards are paid every 5 days at the beginning of each epoch in ADA and sent directly to the address of the account holder, with an expected return on investment (ROI) of 7% to 12%. This is globally equivalent to approximately 1.8 billion ADA per year distributed as compensation. To maximize your rewards, it's best to avoid staking to saturated pools and understand how the fees for each pool affect the rewards you receive. When choosing a stake pool for the best ROI, looking at the pool's costs does not guarantee the best rewards, so the winning strategy is to fully understand the following relationships: 1. Pool pledge 2. K factor 3. Pool stake 4. Pool Fixed fee 5. Pool commission A pool becomes oversaturated once it's stake reaches the total global ADA divided by the K factor. Once oversaturated any pool's ROI will fall significantly.




Potential Risks


Cardano gives you complete control over your funds and provides a secure platform for sending and receiving ADA. If you delegate your stake to any stake pool shown in the official Daedalus or Yoroi wallet, there is no risk involved, you maintain full control of your funds and are free to withdraw or spend your ADA at any time. IMPORTANT: Sharing your wallet seed phrase or spending password with anybody is extremely dangerous because they then have complete control over your wallet's funds. Never share this information with anybody, even if they ask for it or seem like they are trying to help! If anybody asks for this information then they are a scammer and are trying to steal your ADA.




Costs


All costs are included in the official Daedalus and Yoroi wallets and consist of both fixed and variable costs. Each stake pool has its own fee structure and must charge a minimum fixed fee. This fixed fee will be distributed to all ADA delegated to that pool. Total Cost to Delegator = (Fixed Cost + Commission) x Total ADA in Pool / ADA in Pool




Staking Options


Cardano provides tools that are free and easy to use, ensuring you always have full control over your ADA. Delegating to multiple stake pools: All ADA within the delegated address will be delegated to the stake pool of your choice. So if you would like to delegate to multiple stake pools, you will first need to create and divide your ADA between several addresses, before being able to delegate to each stakepool of your choice. Spending ADA: Once your ADA is delegated to a stakepool, you are still able to transfer ADA into or out of that account as often as you like. The transfer will be immediate and the remaining funds will continue to be delegated to your chosen stakepool earning you rewards. Re-delegation to another stake pool: If you want to delegate your ADA to another stake pool, simply select a new stake pool from the official Daedalus or Yoroi's wallets and choose the option to stake to your new pool. Rewards from the new stake pool will be delivered at the beginning of the epoch after next, and until these rewards are received you continue to earn rewards from your existing stakepool. Choosing not to stake: If you no longer want to stake, you have the option to undelegate using the official Daedalus and Yoroi wallets. Selecting this option prevents you from selecting another staking option until the epoch after next.





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What is Shelley


Shelley is the long-awaited second stage of Cardano's planned evolution, adding both decentralization and proof of stake (POS) to the ecosystem. This is a very important milestone for the Cardano project, advancing forwards on the path to becoming the number one cryptocurrency in the world. The five stages of planned evolution are: 1. Byron - Third Generation Cryptocurrency with Wallet 2. Shelley - Decentralization and Staking 3. Goguen - Smart Contracts 4. Basho - Scalability and Interoperability 5. Voltaire - Governance, (Voting)




Proof of Stake (POS)


Proof of Stake is similar to the older Proof of Work, (POW) systems, only significantly more efficient. While Bitcoin uses the power of a small country to mine the blocks that protect it's network, Cardano's POS system has been designed by the world's greatest minds, then independently peer-reviewed, to deliver superior global results on the power needed to run a single home. This is millions of times more efficient than the older POW systems. This POS system uses stake pools to create blocks and protect the network. ADA owners are then required to delegate stake to these stakepools in exchange for ongoing rewards. The more equally dispersed this stake is across all stakepools, the safer the network becomes.




Staking Rewards


Staking Rewards are paid every 5 days at the beginning of each epoch in ADA and sent directly to the address of the account holder, with an expected return on investment (ROI) of 7% to 12%. This is globally equivalent to approximately 1.8 billion ADA per year distributed as compensation. To maximize your rewards, it's best to avoid staking to saturated pools and understand how the fees for each pool affect the rewards you receive. When choosing a stake pool for the best ROI, looking at the pool's costs does not guarantee the best rewards, so the winning strategy is to fully understand the following relationships: 1. Pool pledge 2. K factor 3. Pool stake 4. Pool Fixed fee 5. Pool commission A pool becomes oversaturated once it's stake reaches the total global ADA divided by the K factor. Once oversaturated any pool's ROI will fall significantly.




Potential Risks


Cardano gives you complete control over your funds and provides a secure platform for sending and receiving ADA. If you delegate your stake to any stake pool shown in the official Daedalus or Yoroi wallet, there is no risk involved, you maintain full control of your funds and are free to withdraw or spend your ADA at any time. IMPORTANT: Sharing your wallet seed phrase or spending password with anybody is extremely dangerous because they then have complete control over your wallet's funds. Never share this information with anybody, even if they ask for it or seem like they are trying to help! If anybody asks for this information then they are a scammer and are trying to steal your ADA.




Costs


All costs are included in the official Daedalus and Yoroi wallets and consist of both fixed and variable costs. Each stake pool has its own fee structure and must charge a minimum fixed fee. This fixed fee will be distributed to all ADA delegated to that pool. Total Cost to Delegator = (Fixed Cost + Commission) x Total ADA in Pool / ADA in Pool




Staking Options


Cardano provides tools that are free and easy to use, ensuring you always have full control over your ADA. Delegating to multiple stake pools: All ADA within the delegated address will be delegated to the stake pool of your choice. So if you would like to delegate to multiple stake pools, you will first need to create and divide your ADA between several addresses, before being able to delegate to each stakepool of your choice. Spending ADA: Once your ADA is delegated to a stakepool, you are still able to transfer ADA into or out of that account as often as you like. The transfer will be immediate and the remaining funds will continue to be delegated to your chosen stakepool earning you rewards. Re-delegation to another stake pool: If you want to delegate your ADA to another stake pool, simply select a new stake pool from the official Daedalus or Yoroi's wallets and choose the option to stake to your new pool. Rewards from the new stake pool will be delivered at the beginning of the epoch after next, and until these rewards are received you continue to earn rewards from your existing stakepool. Choosing not to stake: If you no longer want to stake, you have the option to undelegate using the official Daedalus and Yoroi wallets. Selecting this option prevents you from selecting another staking option until the epoch after next.