Cardano (ADA)

Cardano is a Proof-of-Stake blockchain that aims to solve the 3 most crucial issues all developing blockchains currently face; sustainability, scalability and interoperability.

Cardano wants to overcome real-life problems such as information asymmetry and provide services for the unbanked world population. To achieve all of this, they continue to develop their own set of key innovative technologies. The native ADA token is the utility token on the Cardano network. ADA is used to pay for transactions, secure the network through staking and participate in governance.

Market Cap

$6.2B

Staking Reward Rate*

2.17%

Price

$0.17

Auto-Compounding

No

Reward Frequency

1 Epoch (5 Days)

Activation

Within 10 days

Withdrawal

None

Slashing Penalties Enabled

Yes

*Staking Reward Rates (SRR) vary based on network conditions, delegation size, and infrastructure optimizations. Contact our team to explore your potential rewards.

Why Stake Cardano With Figment?

• Cardano provides an open-source platform for builders and developers to create decentralized applications (dApps) and protocols that operate via smart contracts
• The native ADA token is the utility token on the Cardano network and is used to pay for transactions, interact with applications, secure the network and participate in governance
• The maximum supply of ADA is 45 billion
• Rewards depend on the pool’s performance and the delegator earns according to their amount of stake, minus the commissions fee

Cardano Staking FAQ

What is the name of the asset being staked?
Cardano’s native token, ADA will be staked to capture new issuance rewards and fee revenue.

How are the staking rewards disbursed?
Rewards are distributed every epoch (~5 days) amongst all stakeholders that have delegated to a stake pool, either to their own stake pool or another pool.

Do I maintain custody and control of my ADA when staking?
You maintain custody of your ADA at all times. There is no bonding or unbonding period.

How long does it take to unstake?
There is no unstaking period in the Cardano network and your tokens will be transferable immediately upon unstaking.

Can my staked ADA be slashed (seized or destroyed)?
No. Currently, Cardano does not enforce slashing. However, poor node behavior can lead to missed rewards.

Are staking rewards liquid or automatically staked?
Staking rewards are staked automatically, which means you will need to unstake your tokens to withdraw your staking rewards.

What is the total supply of ADA?
There’s a maximum supply of 45 billion ADA with a current circulation of approximately 31 billion.