Introduction

Staking secures the network, verifies transactions, and promotes decentralization in Cardano.
Support from Stake Pool Operators (SPOs) maintains a robust network.
Your delegation empowers stake pools, enhancing Cardano's decentralization and security.
I appreciate your contribution to Cardano's growth.

Pool Info

Name

Hinomaru Stake Pool

Ticker

Hino0

Explorer

https://cexplorer.io/pool/pool17ak367upaay0c9thyxq9xn0qn76h03r3j3s6dp658ha650r38nz

Understanding Cardano Staking

To put it simply, what are the benefits of staking?

By staking, you can earn approximately 3% of your ADA as interest annually just by leaving your ADA in your wallet.
*Note: The amount of interest you can receive varies depending on various factors.
Additionally, Cardano's staking has no lock-in period. This means that you can freely deposit or withdraw ADA while staking, and any increase or decrease in your ADA holdings will automatically be reflected in the delegated amount."

But why do we receive interest in the first place?

Cardano is a blockchain with a block generation rule called Proof of Stake (PoS). In PoS, staking ADA can contribute to enhancing the security of the blockchain and increasing the value of Cardano. That's why you can earn interest by staking ADA.

How do you actually stake your ADA?

Hinomaru Stake Pool is one of the many stake pools that operate network nodes to verify transactions and generate blocks on the Cardano blockchain. ADA holders can stake their ADA by delegating it to a stake pool.

Could you tell me what criteria to consider when choosing a stake pool?

As a premise, pools with less delegated stake generate blocks less frequently but receive a larger reward per block, whereas pools with more delegated stake generate blocks more frequently but receive a smaller reward per block. Therefore, it is said that if a pool can generate blocks, delegating for a certain period of time will converge to an annual delegation yield of about 3%.
The criteria for selecting a stake pool vary from person to person depending on the purpose of staking. For those who want to contribute to the decentralization (enhancement of security) of the Cardano chain, it is recommended to delegate to pools with high contribution and reliability but low delegation, i.e., pools that are not yet saturated. Avoid delegating to large pools or exchanges where one SPO manages many pools, as this leads to centralization and its negative effects.

In conclusion

At Hinomaru Stake Pool, we not only contribute to the decentralization of Cardano through pool operation but also actively participate in activities such as disseminating information on Cardano's NFT projects and engaging in overseas projects to promote Cardano's adoption in Japan.
I would be grateful and encouraged if you choose to delegate to Hinomaru Stake Pool. Thank you very much in advance.