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Cardano Kicks Off New Round of Stake Pool Delegation

Cover image via stock.adobe.com

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

Wed, 09/01/2021 - 19:08

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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