Wed, 09/01/2021 - 19:08

Cardano Kicks Off New Round of Stake Pool Delegation

IOG has now made it possible to nominate other stake pool operators

Cover image via stock.adobe.com

Cardano developer IOG has kicked off another round of stake pool delegation, according to its Sept. 1 announcement.

Ben O'Hanlon, head of community, insights and engagement, says that stake pool operators (SPOs) will be able to nominate two additional pools that they believe deserve more recognition:

As well as requesting delegation to their own pools, SPOs will also be invited to nominate up to two additional pools they feel should be recognized and supported for their positive contribution to the community.

SPOs usually contribute to the ecosystem by building new tools, writing high-quality content and educating on some important topics.

As of now, 3 million ADA tokens have already been allocated to 200 pools.

On Sept. 12, Cardano is expected to release smart contracts, with the Alonzo hard fork recently launching on the mainnet.

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Alex Dovbnya

Alex covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. He’s a firm believer that Blockchain has the potential to reshape pretty much every business out there, and cryptocurrencies are only a stepping stone to the upcoming decentralized revolution.